Highlands Natural Resources Regulatory News (HNR)

8 Aug 2006 07:00

Hardman Resources Limited08 August 2006 STOCK EXCHANGE / MEDIA RELEASE RELEASE DATE: 8 August 2006 AUSTRALIAN CONTACT: Simon Potter Hardman Resources Ltd +61 8 9261 7600 LONDON CONTACT: Patrick Handley Brunswick Group +44 207 404 5959 RE: UGANDA TESTING PROGRAMME Hardman Resources Limited ("Hardman") provides the following update on its flowtesting and exploration drilling operations: Uganda: Mputa-1 flow test - Block 2 At 08:00 on 6 August 2006, flow testing commenced on the Mputa-1 discovery wellin Block 2. Tests of three intervals are planned at this location. Operationscommenced with a speculative test on the fractured granite basement play wherehydrocarbons were encountered during drilling. This test recovered only minoramounts of oil, likely due to a restricted and tight fracture system. The two principal tests aim to confirm fluid characteristics and flow potentialof oil bearing sand intervals similar to those successfully tested at Waraga-1in the last quarter. The testing of the first of two sand intervals shouldcommence towards the end of this week. 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 Uganda time (GMT+3 hours), five hoursbehind Western Standard Time (Perth). Mauritania: Exploration drilling update - Block 8 The Atwood Hunter drill rig was released by the operator Woodside on 5 August2006 following the plugging and abandonment of the Colin-1 well and has beenrelocated to Block 8, to drill the Flamant-1 exploration well. The well isexpected to spud by the end of this week. 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. 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