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Response to Media Speculation

18 Jan 2006 07:00

Hardman Resources Limited18 January 2006 STOCK EXCHANGE / MEDIA RELEASE RELEASE DATE: 18 January 2006 AUSTRALIAN CONTACT: Peter Thomas Hardman Resources Ltd +61 8 9261 7600 LONDON CONTACT: Patrick Handley Brunswick Group +44 207 404 5959 RE: OFFSHORE MAURITANIA RESPONSE TO MEDIA SPECULATION PAGES: 1 Hardman Resources Limited has become aware of recent media speculation inMauritania regarding certain events in Mauritania and the reported linkage tocontracts with foreign companies, including with agreements supplementary tosome of its Mauritanian production sharing contracts. The relevant joint venturers, through Woodside Mauritania Pty Ltd (Woodside) asoperator, are presently engaged in ongoing discussions with the MauritanianGovernment concerning elements of agreements which are supplementary to someproduction sharing contracts. The supplementary agreements includeclarifications as to how provisions of the PSCs should be applied - for thebenefit of both the joint venturers and the Government. Such modifications and clarifications of the obligations of each party under thePSCs and other agreements are common place in the industry; they dealprincipally with matters that typically arise as the venturers approachpetroleum production operations. These supplementary agreements were negotiated with the previous Government ofMauritania by Woodside on behalf of the joint venturers and were approved by theGovernment and the Mauritanian Parliament and became law in early 2005. The Chinguetti Project remains on schedule for first oil in February 2006. Otherexploration and development activities are also unaffected by the discussions. PETER THOMASCHIEF FINANCIAL OFFICER This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
5th Jan 20077:53 amRNSAllocation of Tullow Shares
2nd Jan 20077:01 amRNSUpdate to Substantial Holders
21st Dec 20067:00 amRNSSubstantial Holder Notice
20th Dec 20067:01 amRNSSuspension - Hardman Resource
20th Dec 20067:00 amRNSAcquisition Approved
20th Dec 20067:00 amRNSDirectors Notices
20th Dec 20067:00 amRNSASX Appendices 3B and 3X
20th Dec 20067:00 amRNSSchemeofArrangement Effective
19th Dec 20067:00 amRNSChange in Directors Interest
19th Dec 20067:00 amRNSCourt Approves Tullow Scheme
18th Dec 20067:00 amRNSShareholders Meeting Results
12th Dec 20068:24 amRNSASX Appendix 3Y
12th Dec 20067:00 amRNSMauritania Drilling Update
11th Dec 20067:41 amRNSASX Appendix 3B
7th Dec 20067:00 amRNSSubstantial Shareholder
5th Dec 20068:06 amRNSSubstantial Shareholding
5th Dec 20067:00 amRNSMauritania Drilling Update
1st Dec 20067:00 amRNSTrinidad Exploration Bid
24th Nov 20068:09 amRNSSubstantial Shareholding
21st Nov 20067:00 amRNSGuyane Farm Out Agreement
21st Nov 20067:00 amRNSMauritania Drilling Report
17th Nov 20067:00 amRNSSubstantial Shareholding
16th Nov 20069:08 amRNSCEO Exercises Phantom Shares
16th Nov 20067:00 amRNSDrilling Report
15th Nov 20067:00 amRNSHardman ExplanatoryMemorandum
14th Nov 20067:04 amRNSWell Test Update
14th Nov 20067:00 amRNSHardman Drilling Programme
7th Nov 20067:13 amRNSWell Test Update
7th Nov 20067:00 amRNSHardman drilling programme
2nd Nov 20067:00 amRNSNotice of Tullow Shareholding
1st Nov 20068:32 amRNSASX Appendix 3B
26th Oct 20067:43 amRNSSubstantial Shareholding
26th Oct 20067:00 amRNSQuarterly Report
24th Oct 20067:01 amRNSASX Appendix 3B
24th Oct 20067:01 amRNSMauritania Drilling Report
17th Oct 20067:00 amRNSMauritania Drilling Report
11th Oct 20067:01 amRNSMOU signed with Ugandan govt
11th Oct 20067:00 amRNSMOU signed with Ugandan Gov't
9th Oct 20067:00 amRNSNotice of Tullow Shareholding
9th Oct 20067:00 amRNSMauritania Drilling Report
6th Oct 20067:00 amRNSNotice of Tullow Shareholding
5th Oct 20067:00 amRNSSubstantial Shareholder
3rd Oct 20069:46 amRNSSubstantial Shareholding
3rd Oct 20067:00 amRNSMauritania Drilling Update
29th Sep 200610:44 amRNSASX Appendix 3B
26th Sep 20067:00 amRNSDrilling Report
25th Sep 20067:03 amRNSRecommended Offer for Hardman
25th Sep 20067:00 amRNSOffer for Hardman Resources
19th Sep 200611:15 amRNSLong-Term Performance Plan
19th Sep 20067:00 amRNSMauritania Drilling Report

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