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Hardman Provides Uganda Drilling Update

Source: www.gulfoilandgas.com 2/21/2005, Location: Africa

Hardman Resources Limited announced that the Waraga-1 well has set 13 3/8 inch casing at 117 metres and drilled ahead in 12 ¼ inch hole. Current operation at midnight 20 February is drilling ahead at 748mRT prior to running wireline logs, setting 10 ¾ inch casing and drilling ahead in 9 7/8 inch hole to total depth.

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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