Drilling Report Mauritania

RNS Number:1457S
Hardman Resources Limited
04 October 2005



STOCK EXCHANGE / MEDIA RELEASE

RELEASE DATE: 4 October 2005

AUSTRALIAN CONTACT: Simon Potter
                    Hardman Resources Ltd
                    +61 8 9261 7600

LONDON CONTACT:     Patrick Handley
                    Brunswick Group
                    +44 207 404 5959

RE:                 MAURITANIA DRILLING PROGRAMME
                    WEEKLY PROGRESS REPORT


Hardman Resources Limited ("Hardman") provides the following progress report on
its Mauritania offshore activities:

                 PSC area B: Tevet-2 Appraisal/Exploration Well

The Tevet-2 well was drilled to a depth of 3041meters by the Stena Tay drilling
rig, where 9-5/8" casing was set.  As of midnight on 3rd October, the well was
drilling ahead at 3692m and was on track to intersect the Cretaceous Exploration
target at a planned total depth (TD) of 3965m. The Tevet-2 well is located 2.5
kilometres to the South of the Miocene discovery well Tevet-1, and lies in a
water depth of 466m.

                          Chinguetti Development Wells

The 'West Navigator' drill-ship has successfully finished drilling, well
completion and flow-testing operations, on the Chinguetti production and water
injection wells. Consequently, as scheduled, the drill-ship was released from
Mauritania at the end of its contract period, at 20:30 hrs on the 29 September
2005. The completion of this phase of operations and the successful clean-up of
all producing wells marks a significant milestone for the project. The
Chinguetti field is due to come on stream in the first quarter of 2006 at a
forecast rate of 75,000 barrels of oil per day

                         Chinguetti FPSO 'Berge Helene'

The refurbishment of the Chinguetti FPSO, the 'Berge Helene' was completed on 28
September 2005 at the Keppel Shipyard in Singapore. The vessel is currently
anchored in deep water off Singapore where commissioning activities are being
undertaken prior to the voyage to Mauritania. Once in the field final hook-up
operations will be completed ahead of production start-up.

All reported depths (except water depth) are referenced to the rig rotary table
(RT). Hydrocarbon shows will only be reported after all required logs have been
run and evaluated, although Hardman will release weekly updates on the
exploration drilling campaign.

Hardman interests in PSC's A, B and the Chinguetti field are:

                             PSC B      PSC A             Chinguetti Field (EEA)
Woodside (operator)       53.846%     53.846%                           47.384%
Hardman                     21.6%       24.3%                           19.008%
BG Group                   11.63%     13.084%                           10.234%
Fusion/Premier             9.231%      4.615%                            8.123%
ROC                        3.693%      4.155%                            3.250%
Groupe Projet Chinguetti       -           -                            12.000%


All reported depths (except water depth) are referenced to the rig rotary table
(RT). Hydrocarbon shows will be only be reported after all required logs have
been run and evaluated, although Hardman will release weekly updates on the
exploration drilling campaign.

Times and dates refer to GMT (Mauritania time), 8 hours behind Western Standard
Time, Perth
Australia.




SIMON POTTER
MANAGING DIRECTOR

Note: In accordance with Australian Stock Exchange Limited listing requirements,
the geological information supplied in this report has been based on information
provided by geologists who have had in excess of five years experience in their
field of activity.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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