Hardman Provides Mauritania Drilling Update

Source: www.gulfoilandgas.com 12/12/2006, Location: Africa

Since the company’s last report, the Atwood Hunter drilling rig has completed abandonment of the Aigrette-1 exploration well in Block 7 and moved off location. As of midnight on the 11th December, the rig is being relocated for a planned maintenance period prior to drilling the Chinguetti C-18 infill well.

As this concludes the 2006 exploration drilling campaign, the company will not issue any further weekly drilling updates this year.

Equities in Chinguetti:
Woodside (Operator) 47.38448%
Hardman 19.00800%
Société Mauritanienne des Hydrocarbures 12.00000%
BG 10.23440%
Premier group companies 8.12328%
ROC Oil group companies 3.24984%


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