Hardman Provides Mauritania Exploration Drilling Update

Source: www.gulfoilandgas.com 8/15/2006, Location: Africa

The Atwood Hunter drilling rig spudded the Flamant-1 well offshore Mauritania in Block 8, at 1:15am on 11 August 2006. Over the last 48 hours a pilot hole has been drilled to a total depth of 1,905 metres to check for shallow gas and preparations are now underway to drill the main well bore.

Flamant-1 is targeting a large Cretaceous Carbonate platform/reef prospect in an area of different geology to the rest of the offshore Mauritanian basin, which holds significant potential, primarily for gas, and is recognised as the best test of a large regional high with both primary and deeper secondary objectives. Water depth at this location is approximately 1,400 metres.

Equities in Block 8 are:
Dana Petroleum (Operator) 41.5%
Hardman Resources Ltd 18.0%
ROC Oil Company 2.0%
Wintershall 25%
Gaz de France 13.5%



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