Highlands Natural Resources Regulatory News (HNR)

29 Aug 2006 07:00

Hardman Resources Limited29 August 2006 STOCK EXCHANGE / MEDIA RELEASE RELEASE DATE: 29 August 2006 AUSTRALIAN CONTACT: Simon Potter Hardman Resources Ltd +61 8 9261 7600 LONDON CONTACT: Patrick Handley Brunswick Group (UK media relations) +44 207 404 5959 RE: MAURITANIA DRILLING UPDATE Hardman Resources Limited ("Hardman") provides the following update on itsexploration drilling operations: Mauritania: Exploration Drilling Update - Flamant-1 (Block 8) Since the last report, drilling of the Flamant-1 exploration well in Block 8remains at its previously reported depth of 1,867 metres due to stormy weatherconditions and mechanical difficulties resulting in the Blow Out Preventer (BOP)being pulled to surface for repair. Flamant-1 targets Cretaceous Carbonates and has a planned total depth 3,370m.The well is located in 1414m of water, approximately 210km from the shore and195 km North-West from Pelican-1, a Cretaceous gas discovery drilled in Block 7. Equities in Block 8 are: Block 8Dana Petroleum (Operator) 41.5%Hardman Resources Ltd 18.0%Roc Oil Company 2.0%Wintershall 25%Gaz de France 13.5% Times and dates for Mauritania wells refer to GMT (Mauritania time), 8 hoursbehind Western Standard Time, Perth. SIMON POTTERManaging Director and CEO Note: (1) In accordance with the ASX Listing Rules, the geological informationsupplied in this report has been based on information provided by geologists whohave had in excess of five years experience in their field of activity. (2) In accordance with the AIM Rules, the information in this report has been reviewed and signed off by Mr David Cliff, BSC Hons (Geology), ExplorationManager at Hardman, who is a member of the Petroleum Exploration Society ofAustralia and who has at least 5 years relevant experience within the sector. This information is provided by RNS The company news service from the London Stock Exchange