Highlands Natural Resources Regulatory News (HNR)

21 Nov 2006 07:00

Hardman Resources Limited21 November 2006 STOCK EXCHANGE / MEDIA RELEASE RELEASE DATE: 21 November 2006 AUSTRALIAN CONTACT: Peter Thomas Hardman Resources Ltd +61 8 9261 7600 LONDON CONTACT: Patrick Handley Brunswick Group +44 207 404 5959 RE: MAURITANIA DRILLING UPDATE PAGES: 1 Hardman Resources Limited ("Hardman") provides the following update on its drilling activities in Mauritania: Block 7 Aigrette-1 Exploration Well Further to our last drilling report, the Aigrette-1 exploration well in Block 7has been drilled in the 8 1/2 inch hole section to a depth of 4,803 metres. As at midnight 20 November, the current operation was running wireline logsand taking fluid samples as part of the ongoing formation evaluation programme. Aigrette-1 is located in a water depth of 1,380 metres approximately 43 kmnorth, northwest of the 2003 Pelican-1 gas discovery. Equities in Block 7 are: Block 7 Dana Petroleum (Operator) 36.00%Gaz de France 27.85%Hardman Resources Ltd 16.20%Woodside 15.00%Roc Oil Company 4.95% 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 only bereported after all required logs have been run and evaluated. PETER THOMASChief Financial Officer 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 Ian Bulley, MSC (Geology), Principal Geologist at HardmanResources who is fellow of the Geological Society of London and has at least 5years relevant experience within the sector. He consents to that information inthe form and context in which it appears. This information is provided by RNS The company news service from the London Stock Exchange