Late 1million plus buy today after a broker trade for the same amount.

Could be a precurser to something..............?

Hi SW.. I noticed that too but couldn't work out at this stage what could be in the offing. Now that all the Tiof tests have been conducted in the Chinguetti field I guess we are waiting for a price correction after a string of slightly negative test results towards the end of the programme. It will be the production that really sends the price in the right direction but at the moment there is a bit of a lull & then things should strat moving again. So perhaps the large trades were an indicator that the lull may be over. I notice however that Hardman shares are slightly down again on the ASX (A$ -0.020)as a result of this news. It will be interesting to see if at some point in time the pattern between LSE & ASX remains across the two markets re the Hardman shares or perhaps LSE will receive news in a slightly more positive manner.

STOCK EXCHANGE / MEDIA RELEASE
RELEASE DATE: 6 January 2005
CONTACT: Kathryn Davies
TELEPHONE: Within Australia: 08 9261 7600
International: +61 8 9261 7600
RE: ASX APPENDIX 3B
PAGES: 9
Please find following ASX Appendix 3B being an application for quotation of additional
securities in the Company pursuant to the exercise of 69,000 options exercisable at $1.10 per
share with an expiry date of 31 December 2004. The exercise of the options raises an
additional $75,900 for the Company.
All options expiring 31 December 2004 were exercised by the due date in accordance with
the terms and conditions of those options.

Some big buys in the afternoon 700k shares within a couple of hours, biggest one 350k shares.

That is two days running big late trades.

I am still hoping that means something.

Well a nice rise today.

As Tiof 6 must have hit the depth a couple of days ago, it bodes well I think.

Looking forward to Tuesday.

HNR up over 7% in Oz overnight!

Crikey!

Tiof 6 news leaking perhaps????

have i seen this post somewhere before????!!!!

how are you sir?

Knackered.

500 mile round trip after porting the above message and not knowing what was going on all day.

I am now going to relax in the knowledge that,


BIG THINGS ARE AFOOT

Very high volume in Oz to midnight. Up nearlly 4%.

CU in the morning!

Another firm to drill oil

By Emmy Olaki

Australian oil exploration company, Hardman Resources, has started mobilising resources for oil drilling on Block 2, on the Albert graben to start on January 25.

Ernest Rubondo, the deputy commissioner in the petroleum exploration department, said Hardman would use some of the equipment, which was used by Heritage Oil in addition to what it has.

Hardman did a lake survey in 2003 and completed interpretation of that data, which indicated several prospects. These extend to the land, so they will also do a detailed survey on the land to delineate a drilling location, Rubondo said.

Hardman is the project operator with a 50% interest in the production sharing agreement over the block. The joint venture partner is Energy Africa. It joins Heritage Oil and Gas who is licensed for Block 3 and recently Block 1 along the same graben.

Exploration area 2 covers about 4,700 square kilometres over the northern part of Lake Albert.

Block 2 is adjacent to Block 3 and has a perceived high prospectivity, following a potential petroleum discovery in the second oil well drilled by Heritage on Block 3.

Energy ministry records show that the area is under-explored, with one well having been drilled on the shores of Lake Albert by Shell in 1938.

Published on: Tuesday, 11th January, 2005
http://www.newvision.co.ug/D/8/220/411160

Tiof 6 = an oil column, not yet measured.

This does mean that Tiof 6 will be commercial and huge imo



Hardman Resources Limited
11 January 2005

STOCK EXCHANGE / MEDIA RELEASE

RELEASE DATE: 11 January 2005

CONTACT: Scott Spencer

TELEPHONE: Within Australia: 08 9261 7600
International: +61 8 9261 7600

RE: MAURITANIA DRILLING PROGRAMME
WEEKLY PROGRESS REPORT


Hardman Resources Ltd ('Hardman') provides the following progress report on the
Mauritania offshore drilling programme:

Tiof-6 Appraisal Well - PSC B

Progress and Current Status:
Since the last report on 4 January 2005 the West Navigator drilled the Tiof-6
well to the final total depth of 2,963 metres and commenced wireline logging. At
midnight (GMT) 10 January the logging programme was continuing. A preliminary
analysis of logs acquired while drilling and the wireline logs acquired so far
indicates the presence of an oil column. It is currently planned that the well
will be suspended to allow the rig to work on the Chinguetti development
drilling programme before returning to flow test the Tiof-6 well.

Well Location:
The Tiof discovery is located approximately 90 kilometres west of Nouakchott,
the Mauritanian capital and 25 kilometres north of the Chinguetti Field. The
Tiof-6 well is located 3 kilometres west of the Tiof-1 discovery well and 1
kilometre east of Tiof-3. Water depth is approximately 1,165 metres.

Well Details:
The Tiof-6 well is intended to further appraise the Tiof oil discovery and will
continue the evaluation of the Miocene channel sand system within the Tiof Field
area as interpreted with 3D seismic.

Chinguetti Development Drilling

Since the last report on 4 January, the Stena Tay has continued drilling
operations on the Chinguetti field. Hardman does not intend to provide detailed
weekly reports during the course of the development well drilling programme but
will continue to report significant matters as appropriate and in accordance
with its continuous disclosure obligations.


Other information:

All reported depths are referenced to the rig rotary table (except water depth).

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

A map showing the location of the 2004/05 wells is available on the Hardman
website (
www.hdr.com.au
) and will be updated during the course of the 2004/2005
drilling programme.

The government of Mauritania has exercised its right to participate in the
Chinguetti development, as previously announced, and the resulting joint venture
interests in the Chinguetti Field and PSC B are:

Company PSC B Chinguetti Field
(Remainder)
Woodside group companies (operator) 53.846% 47.384%
Hardman group companies 21.6% 19.008%
BG group companies 11.63% 10.234%
Premier group companies 9.231% 8.123%
ROC Oil group companies 3.693% 3.250%
Groupe Projet Chinguetti (Govt. interest) -

I said:-

BIG THINGS ARE AFOOT

Here it is............


Hardman Resources Limited
13 January 2005

STOCK EXCHANGE / MEDIA RELEASE

RELEASE DATE: 13 January 2005

CONTACT: Scott Spencer

TELEPHONE: Within Australia: 08 9261 7600
International: +61 8 9261 7600

RE: WIRELINE LOG RESULTS FOR TIOF-6, MAURITANIA

PAGES: 1

Hardman Resources Ltd ('Hardman') provides the following report on the
evaluation of the wireline data:

Tiof-6 Appraisal Well - PSC B

Progress and Current Status:
Since the last announcement made on Tuesday 11 January, evaluation of wireline
and drilling data, including downhole pressure measurements and fluid sampling
indicates that Tiof-6 has intersected oil over a gross interval of at least 123
metres. Wireline oil samples have been recovered to surface. It is interpreted
that no gas or water leg has been intersected by the well. The interval
comprises several good quality sands of varying thickness, and meets the
criteria for flow testing. The well will thus be cased and temporarily
suspended, allowing the West Navigator rig to conduct Chinguetti development
drilling, before returning to resume Tiof-6 test preparations.

Comment:
Chinguetti development drilling has priority over other drilling activity in
this campaign. The Joint Venture is committed to being flexible in rig
scheduling in order to maximise the operational efficiencies of running two rigs
simultaneously. Thus individual wells are occasionally re-scheduled at short
notice, as with the Tiof-6 drilling and completion activities.



SCOTT SPENCER
DIRECTOR

from TMF

Before this RNS:-

Author: dicko54 Number: of 1175
Subject: Broker Opinion Date: 13/1/05 00:01
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!

Recommendations: 3
Hi guys,
Just thought I would share with you an analyst opinion from my share broker in Australia, FYI.....

Stock: Hardman Resources Limited (HDR - $1.66)

Date: 13 January 2005
Current Valuation: $1.65

Recommendations: ST: HOLD LT: HOLD

Event: Company Update

Details:

The Company is still in the process of finalising a replacement for its former MD, Mr Ted Ellyard (who is slowly making a recovery and still undergoing treatment).

We understand that a replacement will be announced close to the end of this month.

After the very disappointing exploration results (dry holes at Merou #1, Capitaine and Dorade), the stock has fallen back to reasonable levels (i.e. the exploration premium that was built into the share price has evaporated).

Impact:

The forward program is to continue the development wells on the Chinguetti oil field, flow test the Tiof #6 well (TD 2963m - and intersected an "oil column" - no data given!, however, pre-drill total depth was 2750m), before moving on to a probable further 3 exploration wells over the next 2-4 months.

The jv partners in PSC B are: WPL 53.8%, HDR 21.6%, ROC 3.6%, BG Group 11.6%, Premier 9.2%.

Next, HDR is still in the process of arranging project finance for part of its share of the capital costs associated with the Chinguetti oil development, after the Mauritanian Government exercised its rights to back into the project for a 12% stake. HDR have a 19% stake in Chinguetti.

Note that UK listed Stirling is essentially funding the Mauritanian Governments back-in rights (we understand that it is 150% of past costs - estimated at US$130m), as well as its share of capital costs (US$600m gross).

The change in equity participation levels post the Mauritanian Governments decision to participate has held up the approvals for HDR debt facilities. The company expects approvals to be confirmed very soon.

The joint venture is currently meeting to determine which additional exploration wells will be drilled (N'Dor, Lead 100, Baruoie), although no details on which targets will be selected is available.

We continue to think that Mauritania is a world-class hydrocarbon province. At these prices, there is not a lot of exploration premium built into the share price (around $0.15/share). We do not expect the stock to rally significantly until the debt package is approved and the expanded exploration program is finalised. As such we retain our HOLD/HOLD recommendation.

I must admit that I expected a bigger rise today & was slightly baffled as to why the drop yesterday. They have found oil for pete's sake & considering a couple of months ago the price rose to 97p surely there is a lot of catching up to do for the share price to reflect the value of the discovery.

Mmmmmm yes.

I feel the other factors to bear in mind is that this was already reported, subject to the wire tests, all the RNS did was put a number on it.

I would have expected a better reaction and today is not yet over trouble is we have to recover back to tyhe early morning high.

Oz went up just over 6% and we need 2p more at mid proce to get the same result. I do note that there is not really much activity in respect of buys and sells, this is a repeat of Tuesday at the same time. Big buys came in later, that day.

Also shows that there was a leaking of the news last week, as out of the blue came some big buys. I may take much more note of those in future in respect of this stock.

The big deal will be when it is declared commercial, around mid 2005.

Loads of other news to come including the new CEO end of this month.

I do expect it to creep up bit by bit in the mean time.

I have seen ideas from a few learned posters that 1 to 130 this year would not be unrealistic.

Whatever prospects are great and I feel this is a wortwhile addition to a long term strategy.

If that happens I will top skim and play with some of the profit.

If it does not happen, I can wait........................

Straight lift from TMF (superhard).

Arrives August 2005 looks like a very good possibilty of the first oil in Q3 2005.

Excellent news...............

Press Releases - Offshore & Marine

23-November-2004

Keppel Shipyard wins FPSO contract


Keppel Shipyard recently secured the conversion and upgrade works of the FPSO Berge Helene from Bergesen Offshore, a part of the Bergesen Worldwide Group.

The 28-year old tanker, Berge Helene, will sail into Keppel Shipyard in December, and is expected to be redelivered in August 2005.

Major workscope includes the installation of additional topside process modules, boilers and HV power generators, the replacement of existing spread mooring with an external turret, as well as the upgrading of engine room equipment and accommodation units. Other works include tank coating and fabrication of a new pump room.

Upon redelivery, Berge Helene is capable of handling a daily production capacity up to 75,000 bopd and has a storage capacity of 1.6 million barrels of oil. The vessel will be deployed at the Woodside's Chinguetti Field off Mauritania, West Africa.

Said Mr Nelson Yeo, Executive Director of Keppel Shipyard, Keppel Shipyard will continue to focus on fast track conversions to strengthen our market position.

The Bergesen Worldwide Group is one of the world's largest ship owning groups with subsidiaries Worldwide Shipping present in the tanker market, and Bergesen being the world's largest owner and operator of large LPG and LNG carriers, being a significant player into large dry bulk vessels, and a growing presence within the FPSO market, mainly for waters off West Africa and other benign areas.

Keppel Shipyard, a leading shiprepair and conversion yard, is a wholly-owned subsidiary of Singapore-listed Keppel Corporation, through Keppel Offshore & Marine Ltd. The Group has a network of 16 yards worldwide including the Asia Pacific, Gulf of Mexico, Brazil, Caspian Sea, Kazakhstan, Middle East and the North Sea.

The contract secured is not expected to have any significant impact on the net tangible assets and earnings per share of Keppel Corporation for the financial year ending 31 December 2004.

Technical Specifications of FPSO Berge Helene

Length Overall (LOA): 348 metres (including existing Helideck & bow turret)
Breadth Moulded: 51.9 metres
Draft Moulded: 27.4 metres
Dead Weight Tonne (DWT): 274,467 tonnes


For further information, please contact

Sarah Seah
Deputy General Manager
Keppel Group Corporate Communications
Tel: (65) 6413 6420
Email: sarah.seah@kepcorp.com "
=======================================================================
For further information on Woodside's decision to use a floating, permanent, single-hulled, turret-mounted FPSO (vs a fixed, disconnectable, double-hulled, spread FPSO - or some other combination of the options) and the decision process to get there, see the following link. I found it quite interesting
http://www.woodside.com.au/NR/rdonlyres/ewufm5epqx56sakxwct436zd6re3h5nhovnpthr2kr5wkeb2j6tlnji62m7dgmcr23nv3p27ks5qin/Tofloatornottofloatkeystochoosingoffshoreoilandgas.pdf

Here he is........

Looks impressive.

Maybe the City will be happy now?

Hardman Resources Limited
19 January 2005

STOCK EXCHANGE / MEDIA RELEASE

RELEASE DATE: 19 January 2005

CONTACT: Scott Spencer

TELEPHONE: Within Australia: 08 9261 7600
International: +61 8 9261 7600

RE: APPOINTMENT OF NEW CHIEF EXECUTIVE

Hardman Resources Limited is pleased to announce the appointment of Mr. Simon
Potter as its new Chief Executive Officer (CEO) and Managing Director, with
immediate effect.

Mr Potter joins Hardman Resources from BP, and most recently, the joint venture
(JV) operation between BP and Alfa Group in Russia, TNK-BP. As Chairman or CEO
of a group of Russian subsidiary companies, Mr Potter had overall charge of the
Orenburg/Saratov division of the JV, a group of 150 fields between the Volga and
the Russian border with Kazakhstan, which collectively produce 330,000 barrels
per day. These companies refine 150,000 barrels per day and operate some 65 oil
drilling rigs.

Alan Burns, Chairman and founder of Hardman Resources, commented:

'The Board is pleased to have secured Simon as CEO and Managing Director to lead
our next growth phase. His appointment follows the Board's decision to conduct
an extensive search and interview process among candidates of international
calibre across the oil and gas industry. Simon's skills and contacts make a
strong fit with Hardman's broad growth and expansion ambitions.

'On behalf of the Board, I should like to give our full thanks to Scott Spencer,
Executive Director, for his thorough and effective stewardship of the company's
affairs for a considerable period.'

Simon Potter, CEO and Managing Director, Hardman Resources, commented:

'I am very pleased to be joining Hardman Resources. The company has strong core
operating assets, an entrepreneurial spirit and a track record of delivering
value growth for shareholders. I look forward to working with my new colleagues
to build on this record and to enhance the company's growth profile in the
coming years.'

Enquiries:

Scott Spencer Hardman Resources Limited Telephone: +61 8 9261 7600
Dean Richardson


Patrick Handley Brunswick Group LLP Telephone: +44 20 7404 5959
James Crampton
Phoebe Buckland



Notes to Editors:

1. Simon Potter - Biography

Simon Potter, 47, brings to the posts of CEO and Managing Director of Hardman
Resources a broad range of international oil industry experience in both
commercial and technical operations. He first qualified with a BSc in Geology
from the Royal School of Mines, Imperial College, London. His professional
career began as a geologist in the Copperbelt in Zambia. Simon subsequently
completed an MBA at Imperial College and then embarked upon a 20-year career
with BP.

Simon began at BP in international business development, negotiating leases and
contracts covering a broad international spectrum from the North Sea to the
Middle East, Asia and Africa in both oil and gas. From 1991 to 1995 Simon was
Business Development Manager, based in Melbourne, covering BP's Asian interests.
These included the North West Shelf project where he gained first-hand
experience as a partner in a Woodside-operated JV. Following his role in
Australia, Simon managed increasingly more complex operations offshore in the UK
North Sea, Alaska, Indonesia and latterly Russia.

Prior to his role in TNK-BP, Simon was President and CEO of BP's LNG JV
operating company in Indonesia - VICO. VICO produces 1,200 TJ/day (1.2 bcf/day)
and acts as the Technical Advisor to the seven-train Bontang LNG plant.

In addition to these roles, Simon completed the Executive programme at Stanford
University in 1999 and served as Executive Assistant to the CEO of BP
Exploration in 1996/97.

Simon is a British national and will be resident in Perth with Monique and their
two children who are Australian. Simon's sporting interests include rugby union
and rowing; he has represented Zambia in rugby and the UK in rowing.

Summary Contract Details

Five year term


Base salary: A$700,000


Superannuation at statutory minimum


Participation in an annual bonus scheme that may deliver additional cash
payments with a target payout of 50% of salary, based on performance
measured against criteria to be determined by the Remuneration Committee and
approved by Board. To be determined.


Participation in a long term incentive scheme targeted to deliver
rewards based on performance measured against criteria to be determined by
the Remuneration Committee and approved by Board but to include comparative
performance against peer E&P companies. To be determined.


Sign-on and loyalty incentives to be paid in cash and based on the
movement in the Company's share price over certain defined periods.



SCOTT SPENCER
DIRECTOR

I am more & more confused each day about HNR/HDR. A new CEO & the price drops on the ASX. Yesterdays RNS re Drilling update which I thought was positive also took the price down both on LSE & ASX. What is it about any form of news with this stock its always viewed negatively? If Hardman took the stance that they would only publish an RNS when anything significant happened then I do believe this stock would still be in the 90p region.

I appreciate your point grenvillegiles, but I disagree with you. I've been in this one for over two years and one of the reasons why is that I like their upfront approach. I'd rather know what they are up to, good or bad, instead of having to guess or assume.
I know the price has drifted, especially of late but I am sure within the next few months we will all be laughing our heads off!

Thanks for your post sandrew. I have to say that you are absolutely right its brilliant knowing exactly whats going on. I can't think of any stock that have regular updates & tell the news like it is. I am happy to be holding this stock & also have a substantial holding on the ASX although have taken a battering over there as I bought in at A$2.15 the price being A$1.70 at the moment. The positive side to all this is that I am always happy to top-up so I do ultimately benefit from the dips.

Cheers