Highlands Natural Resources Regulatory News (HNR)

20 Jun 2006 07:00

Hardman Resources Limited20 June 2006 STOCK EXCHANGE / MEDIA RELEASE RELEASE DATE: 20 June 2006 AUSTRALIAN CONTACT: Simon Potter Hardman Resources Ltd +61 8 9261 7600 Jim Kelly Third Person Communications Pty Ltd +61 2 8298 6100 LONDON CONTACT: Patrick Handley Brunswick Group +44 207 404 5959 RE: UGANDA TESTING PROGRAMME Hardman Resources Limited ("Hardman") provides the following update on itsoperated drilling activities in Uganda: Production Testing Update: Waraga-1 Oil Discovery Preparations for the production testing of Waraga -1 are well advanced with allpersonnel and equipment now onsite. As previously stated the Joint Ventureintends to test the three separate hydrocarbon bearing zones discovered inWaraga -1. The testing of all three zones is expected to take around 14 days to complete.The lowermost hydrocarbon bearing interval in the well will be perforated andflow tested first and operations are anticipated to commence before the end ofthis week. Simon Potter, Hardman Managing Director and CEO, commented: "The testing of the oil discoveries at Waraga -1 is a significant step in theevaluation of this frontier basin. The tests will provide important informationon the quality and character of the reservoir and the hydrocarbons it contains.This is key information which will assist us in assessing the commercialviability of the region and establishing possible development scenarios. Equities in Block 2 are: Block 2Hardman Petroleum Africa Pty Ltd (Operator) 50.0%Tullow Oil 50.0% Times and dates for Ugandan wells refer to UTC/GMT +3 hours (Uganda time), 5hours behind Western Standard Time (Perth). All reported depths are referencedto the rig rotary table (RT). SIMON POTTERManaging Director and CEO Note: (1) In accordance with the ASX Listing Rules, the geological informationsupplied in this report has been based on information provided by geologists whohave had in excess of five years experience in their field of activity. (2)In accordance with the AIM Rules, the information in this report hasbeen reviewed and signed off by Mr David Cliff, BSC Hons (Geology), ExplorationManager at Hardman, who is a member of the Petroleum Exploration Society ofAustralia and who has at least 5 years relevant experience within the sector. This information is provided by RNS The company news service from the London Stock Exchange