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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Highlands Natural Resources Plc | LSE:HNR | London | Ordinary Share | GB00BWC4X262 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.70 | 4.60 | 4.80 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7267S Hardman Resources Limited 02 December 2003 HARDMAN RESOURCES LTD Ground Floor, 5 Ord Street, West Perth PO Box 869, West Perth Western Australia 6872 Tel: +61 8 9321 6881 Fax: +61 8 9321 2375 ABN 98 009 210 235 STOCK EXCHANGE / MEDIA RELEASE RELEASE DATE: 2 December 2003 CONTACT: Ted Ellyard (08 9321 6881) RE: OFFSHORE MAURITANIA WEEKLY DRILLING UPDATE Hardman Resources Ltd ("Hardman") provides the following weekly progress report on the drilling and testing operations in offshore Mauritania: Poune Exploration Well Progress: The Poune exploration well (Chinguetti 5-1 Poune) was spudded (commenced drilling) on 16 November 2003. Since the last report (25 November) the 133/8 inch casing was run and cemented at 2,610 metres depth and 121/4 inch hole was drilled from 2,610 metres to 2,887 metres depth and 95/8 inch casing was run and cemented. At 0800 hours (Australian (WST) on 2 December 2003, preparations were underway to test the casing prior to drilling ahead. Geology & Hydrocarbon Shows: Hydrocarbon shows will only be reported after wireline logs have been run and evaluated at total depth of the well. Well Location: The independent Poune Prospect is located approximately 48 kilometres north of the Chinguetti Field and 27 kilometres northeast of the Tiof oil and gas discovery. Water depth at the location is approximately 920 metres and the planned total depth is approximately 3,250 metres (includes water depth). Prospect Details: The Poune exploration well is testing an interpreted Upper Cretaceous channel sandstone system located within an independent structural closure. This main target is prognosed at approximately 2,960 metres depth. Note: All depths are referenced to the rig drill floor. Participants in the Poune exploration well and PSC Area B are: Woodside Mauritania Pty Ltd (Operator) 35.0% AGIP Mauritania BV 35.0% Hardman Resources Ltd 21.6% Fusion Mauritania B Limited 6.0% Roc Oil (Mauritania) Company 2.4% Pelican-1 Exploration Well (Block 7) Progress: The Pelican-1 exploration well was spudded (commenced drilling) on 30 November 2003. At 0800 hours (Australian WST) on 2 December 2003, 26 inch hole was drilled to 2,596 metres and 20 inch casing was run and cemented. Well Location: The Pelican Prospect is located approximately 150 kilometres north of the Chinguetti Oil Field in PSC Block 7. The well, which is in approximately 1,700 metres water depth, is planned to be drilled to a total depth of about 3,800 metres (includes water depth). Prospect Details: The Pelican-1 exploration well will test a large structural closure with multiple objectives within the Tertiary and Upper Cretaceous sequences. The Pelican-1 exploration well is being drilled by the drillship "Jack Ryan" which has remained in Mauritanian waters since completing production testing of the Chinguetti 4-5 Early Development Well. Woodside Energy Limited will manage the drilling of the well on behalf of the Block 7 operator, Dana Petroleum plc. Participants in the Pelican-1 exploration well and PSC Block 7 are: Dana Petroleum plc Ltd (Operator) 80.0% Hardman Resources Ltd 18.0% Roc Oil (Mauritania) Company 2.0% SCOTT SPENCER DIRECTOR Note: In accordance with Australian Stock Exchange Limited listing requirements, the geological information supplied in this report has been based on information provided by geologists who have had in excess of five years experience in their field of activity. This information is provided by RNS The company news service from the London Stock Exchange END DRLGXBDDSBGGGXD
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