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Hardman Provides Uganda Drilling Update

Source: www.gulfoilandgas.com 2/14/2006, Location: Africa

Hardman Resources Limited provided the following progress report on Block 2 - Waraga-1 Wildcat. The well was spudded on 12 February . The well has drilled 16 inch hole to 119 metres. Casing and cementing operations are in progress prior to drilling ahead in 12 1/4 inch hole. Waraga-1 has a planned total depth of approximately 1,850 metres and is located 19 kilometres to the northeast of the recently drilled Mputa-1 oil discovery well and 41 kilometres southwest of the Butiaba Waki-1 well (drilled in 1938).

Waraga-1 will test a structural prospect with identical geological targets to the oil bearing reservoirs seen at Mputa-1. The Waraga prospect was defined by the 2005 onshore seismic survey and the geological risk has been significantly reduced by the success of Mputa-1.

Equities in Block 2 are:
Hardman Petroleum Africa Pty Ltd (Operator) 50.0%
Tullow Oil 50.0%

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