Highlands Natural Resources Regulatory News (HNR)

12 Dec 2006 07:00

Hardman Resources Limited12 December 2006 STOCK EXCHANGE / MEDIA RELEASE RELEASE DATE: 12 December 2006 AUSTRALIAN CONTACT: Simon Potter Hardman Resources Ltd +61 8 9261 7600 LONDON CONTACT: Patrick Handley Brunswick Group +44 207 404 5959 RE: MAURITANIA DRILLING UPDATE Since the company's last report, the Atwood Hunter drilling rig has completedabandonment of the Aigrette-1 exploration well in Block 7 and moved offlocation. As of midnight on the 11th December, the rig is being relocated for aplanned maintenance period prior to drilling the Chinguetti C-18 infill well. As this concludes the 2006 exploration drilling campaign, the company will notissue any further weekly drilling updates this year. Equities in Chinguetti: Chinguetti Joint VentureWoodside (Operator) 47.38448%Hardman 19.00800%Societe Mauritanienne des Hydrocarbures 12.00000%BG 10.23440%Premier group companies 8.12328%ROC Oil group companies 3.24984% Times and dates for Mauritania wells refer to GMT (Mauritania time), 8 hoursbehind Western Standard Time, Perth. SIMON POTTERManaging Director & CEO 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