Highlands Natural Resources Regulatory News (HNR)

5 Apr 2006 07:00

Hardman Resources Limited05 April 2006 STOCK EXCHANGE / MEDIA RELEASE RELEASE DATE: 5 April 2006 AUSTRALIAN CONTACT: Simon Potter Hardman Resources Ltd +61 8 9261 7600 LONDON CONTACT: Patrick Handley Brunswick Group +44 207 404 5959 RE: FIRST CARGO PAGES: 1 Hardman Resources Ltd ("Hardman") is pleased to announce a significant milestonefor its offshore Mauritania projects, with the completion of loading of thefirst cargo of Hardman's share of production from the Chinguetti field. TheSuezmax tanker M/T Gandhar completed loading of just under 1 million barrels ofChinguetti crude oil (API approximately 28 degrees) on Tuesday 4 April 2006, forthe pooled marketing group comprising Hardman (29.7% share), the MauritanianGovernment entitlements and other co-venturers. The cargo has been sold underthe term sales contract to Vitol S.A. recently announced, at a price which isrelated to prevailing dated Brent prices. This represents the second cargolifted from the field since first oil on 25 February 2006. SIMON POTTERMANAGING DIRECTOR This information is provided by RNS The company news service from the London Stock Exchange