Quick, increase the dose - he's still at it.

LOL

lol

I'll give you a break seawallwalker! :)

BTW, where did you get a name like that? I do some of that, living close to the river banks on the east coast.

Patience is all that is required here at HNR, best smaller oil company punt around!

Good luck anyway, imo you don't need too much of it here, it's on the way up.

Hi rayrac, thanks for noticing.

You too Pond Life.

The name came from what I do most days, sea wall walking with my dog(s).

I go out along the Crouch Estuary at South Fambridge and Wallasea Island, sometimes down to Potton Island.

I totally agree about HNR, this time next year, who knows?

SWW,
Hardman is on my watch list. I am heavily invested in SEY, so I don't want more of the same, but Hardman is looking interesting on a price / assets basis and I agree that a takeout by Woodside looks increasingly likely at some stage. One problem - what do I seel to buy Hardman? I hold BUR, JKX and SEY, plus other energy industry plays such as HTG and HMY. None of these do I want to sell just at the moment.

Pondy

Pondy

I cannot advise you to sell any of those.

Leave Hardman on your watch list, take a note of the trading ranges and work out the tops and bottoms so that if you decide to take a profit on any of the others you know more or less where the bottom is if you decide to buy.

For instance, I have read that a possible trading range this year would be between 1 and 1.30 for HNR.

Bottom range before Christmas was 60p. (Thats were I bought). It may not go there again though.

It is more of the same in respect of BUR,SEY & JKX.

I would not do a swap for swaps sake.

seawallwalker

I live close to the river next (north) to yours and it's either down to Millbeach or the promenade!! I have an acquaintance or two, who live in your area (N Fambridge), we sing in the S Woodham Ferrers MVC! Try it some time, we are always on the lookout for new members! No test!:)

PS, I've just realised you are across the other side from N Fambridge...but still close enough to W Ferrers!! :)

Hi Pond Life, I'm not that keen on SEY and so I don't hold, but as seawallwalker says, it's down to you in the end. I wouldn't want to be out of HNR under any circumstance, they do unfortunately look to be T/A fodder, but last evening I watched CNBC and they interviewed the president of Exxon Mobil and he thought there would be consolidation among the larger oilers, eg, Woodside perhaps, or Unicol. Exxon (and most of the 'big boys') are stuffed with money and are on the prowl , so he inferred.

If Woody gets taken out then sure as eggs is eggs, the end is in sight for HNR! All imo of course.

Good luck anyway!

Well that put the 'stoppers' on that. It was only a suggestion seawallwalker, I'll stay with HNR! :)

Rayrac been out all day, I'll read this tomorrow.

550 miles, nackered.

rayrac, thanks for the invite but not really my thing.

Scott Spencer is apparently doing the rounds in LOndon according to...............wait for it.............

Hot Copper.

http://www.gtp.com.au/hardman/inewsfiles/HDR%20Info%20brochure%20March%202005.pdf

New Information Brochure for March 2005.

Well worth the 7 mb download.

I am pretty surprised ythat the dry hole at Marloo, reported this am, has not had the usual 2 to 3p drop.

I suppose it was expected, but the Market usually canes these.

Ho hum.

HNR about to golden cross!

Been expecting a mighty change anyway, so good if it happens.

MARCH 2005 QUARTERLY REPORT

http://moneyam.uk-wire.com/cgi-bin/articles/200504290806437044L.html

http://moneyam.uk-wire.com/cgi-bin/articles/200505030927417747L.html

FOGL completes seismic.

Lets not forget who owns a fair wedge of those good leads people!!

Yep, me.

Er no I mean Hardman.

FOGL Update for info

RNS Number:7745L
Global Petroleum Ltd
03 May 2005

3 May 2005

Global Petroleum Limited ('Global')

ANNOUNCEMENT RE: FALKLAND OIL AND GAS LIMITED

Global Petroleum Limited (AIM / ASX: GBP), an Australian-based oil and gas
exploration company, advises that Falkland Oil and Gas Limited (FOGL) made the
attached release on the 3rd of May 2005.

This announcement suggests that Global's 16.06% shareholding (i.e. 12.848
million shares) in FOGL could potentially have quite significant value for
Global shareholders. A FOGL share price of #1/share translates to approximately
19c per Global share (GBP 8p/Global share).

Further information about FOGL's Falkland Island Oil & Gas Project can be found
in a presentation that FOGL has posted on its website www.fogl.co.uk

Further information:

Global Petroleum Limited
Dr John Armstrong, Executive Chairman +61 (0) 7 3211 1122

Bell Pottinger Corporate & Financial
Nick Lambert +44 (0) 7811 358 764

Tuesday 3rd May 2005

Falkland Oil and Gas Limited

("FOGL" or "the company")

Significant increase in number of identified leads

Enhanced possibility of a new petroleum province
in the South and East Falkland Basins

FOGL announces that it has completed its current 9,450 km 2D seismic data
acquisition programme over most of its licence area. The initial interpretation
of the preliminary processed records from the survey has proved encouraging and
greatly exceeds the Company's initial expectations.

The programme has indicated a larger and more diverse project than originally
anticipated and has identified numerous possible drill targets, with indications
that some could potentially be of significant size.

FOGL has now identified approximately 130 leads,(1) far in excess of the eight
(8) leads identified at the time of its AIM IPO in October 2004. Given the
positive results of the survey, FOGL now plans to increase the scope of its
exploration programme far beyond that envisaged at the time of the IPO.

Key points:

* Approximately 130 leads identified, a number of which appear capable of
containing recoverable reserves in excess of 200 million barrels

* FOGL now represents a larger and more diverse project than originally
anticipated

* Encouraging signs that oil and gas could be present

* Further work is planned targeting defining 20 drillable prospects by
about mid-2006

* FOGL is targeting drilling of the first well in 2007

* Already an enhanced possibility of project success

* Licences cover area equivalent to the North Sea Southern Gas Basin and
Central Graben

* Cash position of #10.9 million as at 31 March 2005. FOGL is evaluating
its funding requirements and the source of funds for the increased exploration
programme

John Armstrong, Executive Chairman of FOGL, said:

"In my opinion, this is the most exciting project I've seen for many years. The
results of the 2D seismic are encouraging; the number of leads identified has
far exceeded our most optimistic estimates and we believe it has greatly
enhanced FOGL's prospects. It is clear that the scope of work needed to maximise
the potential of our acreages has increased significantly.

"It is important to remember that, while the leads identified to date each have
seismic expression which indicates the possible presence of a drillable
prospect, when fully mapped, and with the benefit of further data, such leads
may not have all the characteristics necessary to become drillable prospects.
Nevertheless, the large number of leads distributed across several playtypes
suggests that a number of the leads could become technically sound and
potentially economically viable drill prospects. It is the Company's goal to
identify and define 20 such prospects in the immediate future so that they can
be considered for drilling in 2007.

"We have made a lot of progress in the six months since our AIM IPO and the
results to date have been remarkable. Although there is a long way to go, it now
seems quite possible that the Falkland Islands could become a new petroleum
province by the end of the decade."

Hydrocarbon Indicators

Initial interpretation of the new data gives considerable cause for optimism.
The preliminary results of the survey identify numerous Direct Hydrocarbon
Indicators (DHI's) pointing to the presence of working petroleum systems. The
DHI's include gas chimneys, amplitudes and possibly gas hydrates. The leads are
large and diverse, with some leads possibly covering areas of 300 to 500 sq km,
sufficient to hold large reserves of oil or gas. There is also a wide range of
play types with several different styles identified.

Exploration Programme & Funding Arrangements

FOGL plans to conduct further seismic surveys targeting all the leads but with
particular emphasis on the approximately 50 most promising. The aim will be to
develop 20 high quality, technically sound and potentially economically viable
drilling prospects. The Company then intends to develop a multi-well drilling
programme which may be able to begin in 2007.

Full details of the exploration programme are still to be finalised but given
the increased number of identified leads the company expects to expand
significantly the scope of the exploration programme.

Although FOGL had net cash of #10.9 million as at 31 March 2005, the increased
scope of the programme will require additional funding and the Board is
currently considering its options. A further statement on the funding
arrangements and the full details of the programme will be announced soon.

Potential Resources

The extent and depth of the basin suggests that, if it exists, the hydrocarbon
resource could be of a major scale. According to estimates by MBA Petroleum
Consultants, an independent consultant, 1,250 billion barrels of oil / oil
equivalent could have been generated in and in the vicinity of FOGL's licences.

Scott Pickford, petroleum engineers, made an independent assessment of the
initial eight (8) leads and concluded that each had the potential to contain
between 200 million and 600 million barrels of recoverable oil(2). It is
expected that Scott Pickford will be contracted to repeat the process and make
an independent judgement on the potential resources indicated by the new data.
Its findings will be announced on completion of the processing and
interpretation which is expected to be in the third quarter of this year.

An overview presentation will be posted on the FOGL website giving a summary of
the results announced here. Technical information including maps and seismic
lines will be posted on the Company's website in the near future.

www.fogl.co.uk

Enquiries:

FOGL

John Armstrong, Executive Chairman + 61 (0) 7 3211 1122 (+9 hrs GMT)
David Hudd, Deputy Chairman 07771 893 267

College Hill
Ben Brewerton 020 7457 2020

(1) a 'lead' is a feature that requires further technical appraisal prior to a
decision to drill

(2) P50 recoverable oil as estimated by Scott Pickford, a consultancy
specialising in geology, petroleum engineering and economic analyses, in 2004
(IPO Prospectus)

NOTES TO EDITORS

Falkland Oil and Gas Limited ("FOGL") is an oil and gas exploration company
focused exclusively on opportunities offshore of the Falkland Islands. It was
admitted to London's Alternative Investment Market ("AIM") on 14 October 2004 at
an issue price of 40p. The current major shareholders of FOGL are: Falkland
Islands Holdings plc (18%), Global Petroleum (16%) and RAB Capital plc (31%).

At the time of the admission to AIM, FOGL held a 77.5% interest in seven
offshore production licences covering approximately 33,700 sq km to the south
and east of the Falkland Islands. FOGL holds these licences in a joint venture
with Hardman Resources. In December 2004, FOGL was awarded a 100% licence over
an additional 50,000 sq kms adjacent to its existing licence areas. The 83,700
sq km area held by FOGL is equivalent to 380 North Sea blocks: as large as the
Southern Gas Basin and the Central Graben combined.

www.fogl.co.uk

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

END

This is looking interesting again.

Drill targets will be announced in June, that amy account for some, oil on the up, thta's a buit more, and finally Tiof looking for confirmation of commeciality, but that may be later this year.

Ching producing q1 means quids in.

That's me, what do others think?

This is the start of what we have been waiting for.

Hardman up 5.46% in Oz overnight too.

Hardman Resources Limited
02 June 2005




STOCK EXCHANGE / MEDIA RELEASE

RELEASE DATE: 2 June 2005

CONTACT: Scott Spencer

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

RE CHINGUETTI DRILLING UPDATE

PAGES: 2

Hardman Resources Limited ('Hardman' or 'the Company') announces that the
drilling rig 'Stena Tay' has completed the drilling of the wells required for
the first phase of the Chinguetti development project, offshore Mauritania.
This drilling program included 5 new oil producers, 5 water injectors to
maintain reservoir pressure, and 1 gas injection well drilled on the Banda
discovery for disposal of the Chinguetti associated gas. The Chinguetti early
development well drilled in late 2003 will also be tied into the production
system, resulting in the planned 6 producing wells being on stream at the end of
the first phase of development. During the drilling of the Banda gas injection
well a number of cores were cut and fluid samples taken, to aid in the
continuing evaluation of this discovery. The 'West Navigator' drilling rig
remains in the Chinguetti field and is continuing work on the installation of
well completion equipment. As of 31 May 2005 sand completion equipment had been
installed on 7 of the 10 new wells, and this work will be followed by the
installation of the production tubing and subsea trees before connecting the
wells to the Berge Helene Floating Production Storage and Offtake (FPSO) Vessel
for production.

Drilling results on Chinguetti were positive, meeting or exceeding expectations.
The completion of the drilling phase removes one significant element of forward
project risk and confirms that the volume of oil-in-place is at least as
expected. On the assumption that early well performance remains in line with
forecasts, Hardman anticipates that this will result in an increase in proven
reserves when it carries out its initial reserves redetermination. The project
is now over 71% complete and the target date for first oil from the Chinguetti
field remains Quarter 1, 2006.

The 'Stena Tay' is preparing to move to the Canary Islands for upgrade works
before returning in July to commence the 2005/6 exploration and appraisal
program. The forward drilling schedule and selection of the exploration and
appraisal targets are the subject of a number of key joint venture meetings to
be held from mid-June.






SCOTT SPENCER
DIRECTOR
HARDMAN RESOURCES LTD

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.