Hardman Provides Mauritania Drilling Update
Source: www.gulfoilandgas.com 11/16/2006, Location: Africa
Hardman notes that the Chinguetti field operator, Woodside, has today provided in a presentation to investors an update on the Chinguetti field (Hardman 19.008%), including an interim update of Chinguetti field reserves.
The operator’s estimate of proven and probable reserves for the Chinguetti field of 53 mmbbls is consistent with the estimate provided by the Independent Technical Expert for the purposes of the Scheme of Arrangement for the acquisition of Hardman by Tullow Oil plc and included within Hardman’s Explanatory Memorandum to shareholders dated 14 November 2006.
Hardman will provide additional information on the results of the operator’s reserves review for Chinguetti when that review is made available to the joint venture.
