Rockpool Acqui Regulatory News (ROC)

17 Oct 2006 07:00

Hardman Resources Limited17 October 2006 STOCK EXCHANGE / MEDIA RELEASE RELEASE DATE: 17 October 2006 AUSTRALIAN CONTACT: Simon Potter Hardman Resources Ltd +61 8 9261 7600 LONDON CONTACT: Patrick Handley Brunswick Group (UK media relations) +44 207 404 5959 RE: MAURITANIA DRILLING UPDATE PAGES: 1 Hardman Resources Limited ("Hardman") provides the following update on itsexploration drilling operations: Mauritania Exploration Drilling Update: Aigrette-1 (Block 7) Since the last report on the Aigrette-1 exploration well in Block 7 offshoreMauritania, West Africa, the well has been drilled to a depth of 2,014 metres,20 inch casing has been set and Blow Out Preventers fitted and tested. Thecurrent operation is preparing to drill ahead in the 17.5 inch hole section. Aigrette-1 is primarily a gas prospect on trend from the Pelican-1 gasdiscovery. The primary targets are stacked Cretaceous sandstones with some 0.7TCF potential. The well is located in a water depth of 1,380 metresapproximately 43 km north, northwest of the 2003 Pelican-1 gas discovery. Theplanned Total Depth is 4,925 metres. Equities in Block 7 are: Block 7Dana 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). 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