Trinidad Exploration Bid

1 Dec 2006 07:00

Hardman Resources Limited01 December 2006 STOCK EXCHANGE / MEDIA RELEASE RELEASE DATE: 1 December 2006 AUSTRALIAN CONTACT: Peter Thomas Hardman Resources Ltd +61 8 9261 7600 LONDON CONTACT: Patrick Handley Brunswick Group +44 207 404 5959 RE: HARDMAN LODGES BIDS FOR TRINIDAD 6th ROUND EXPLORATION BLOCKS Hardman Resources Limited ("Hardman") advises that through its wholly ownedsubsidiary Hardman Oil and Gas Pty. Ltd., and consistent with its previouslyadvised strategy for the area, it has submitted bids for two blocks offered aspart of the Trinidad 6th Exploration Licensing Round which closed yesterday, 30November 2006. The bids were for Offshore Block 2a/b, which was placed in conjunction with asubsidiary of Centrica plc ("Centrica"), and the Onshore/Offshore BlockGuayaguayare. Production Sharing Contract ("PSC") terms include the carriedparticipation of the State Oil Company, Petrotrin, through the initialexploration phase. The forward process includes a series of technical presentations to the Ministry of Energy. Shortlisted parties are expected to be notified during the first quarter of 2007. Trinidad has a prolific history of both oil and gas production. Both blocks onwhich Hardman has placed bids are adjacent to significant producing areas. PETER THOMASChief Financial Officer This information is provided by RNS The company news service from the London Stock Exchange