Highlands Natural Resources Regulatory News (HNR)

19 Sep 2006 07:00

Hardman Resources Limited19 September 2006 STOCK EXCHANGE / MEDIA RELEASERELEASE DATE: 19 September 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 PAGES: 1 Hardman Resources Limited ("Hardman") provides the following update on itsexploration drilling operations: Mauritania: Exploration Drilling Update - Flamant-1 (Block 8) Since the company's last report on 12 September 2006, the Atwood Hunter hasdrilled the Flamant-1 exploration well to a depth of 3,299 meters. Currentoperations are preparing for wireline logging. Flamant-1 is located in 1,414m of water approximately 210km from the shore and195 km North-West from the Pelican-1 gas discovery in Block 7. On completion of Flamant-1, the Atwood Hunter will drill the Aigrette-1 well inBlock 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. All reported depths (except water depth) are referenced to the rig rotary table(RT). Hydrocarbon shows will be only be reported after all required logs havebeen run and evaluated. SIMON POTTERCEO & Managing Director Note: In accordance with the ASX Listing Rules and AIM Rules, the hydrocarbonreserves and/or drilling update information in this report has been reviewed andsigned off by Mr David Cliff, BSC Hons (Geology), Exploration Manager at Hardmanwho is a member of the American Association of Petroleum Geologists and has atleast 5 years relevant experience within the sector. He consents to thatinformation in the form and context in which it appears. This information is provided by RNS The company news service from the London Stock Exchange