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Hardman Provides Dore-1 Exploration Well Drilling Update

Source: www.gulfoilandgas.com 1/23/2006, Location: Africa

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Hardman Resources Limited announced that the ‘Stena Tay’ has drilled the Dore-1 exploration well to a depth of 1,993 metres. Current operations have the ‘Stena Tay’ preparing to run casing and drill ahead to the planned total depth of 2,388 metres. The Dore prospect is located approximately 19 kilometres east of the Tiof field and 30 kilometres north of the Chinguetti field in water depth of approximately 386 metres.

The well will be drilled to a proposed total depth of 2,388 metres and will target Oligocene aged submarine channel/turbidite sands as well as encountering the updip extension of the Tiof Miocene canyon system.

Equities in PSC Area B are:
Woodside (operator) 53.846%
Hardman 21.6%
BG Group 11.63%
Premier 9.231%
ROC 3.693%

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