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.

MM slow responding means some are getting in cheap this morning.

Good.

SWW,

Hardman is starting to look very interesting again IMO, although as a SEY holder I am somewhat wary of putting too many eggs into the Mauritanian basket, just in case!

I also hold FOGL, so covered there too, although of course Hardman have other exploration prospects, and there's always the possibility of being taken over, so on balance I may buy a few next week.

Good call Andy.

I agree about having too many eggs, but I did it anyway.

Hardman have returned cash to me lately whereas Sterling have not.

Holding both.

Actually for once I intend to take most of my cash oncew the expected euphoria disapates from the drill announcements later this month and buy back later.

Thats the plan.

If I can't I move on.

http://www.rns-pdf.londonstockexchange.com/rns/2312n_-2005-6-7.pdf

Information Brochure for June

Oil Barrel article

http://www.oilbarrel.com/news/article.html?body=1&key=oilbarrel_en:1118282400&id=0&feed=oilbarrel_en&body=0&type=

.

From a poster on TMF

Reads - "Interesting to see the blue blooded royalty of Cazenove have initiated coverage of Hardman...

Cazenove has initiated coverage of Hardman Resources (HNR.L) appending an outperform recommendation

Taken from...

http://www.sharecrazy.com/dailies/mmv/index.html "

Entrust

.

Sorry, that's two dots recently.

No worries.

Experiment failed as the link no longer good.

I am getting pretty excited about this one.

I am well in and climbing...................

Only problem is I do not intend to sell this time.

My mind is now set to keep them a la 618 and try for a multi bagger.

I may even try a bit of uninformed blatent ramping.............

...........................................then again maybe not.

I have cashed in twice at this level before
This one has been good to me so what the hell it is only money!
Was up in gavs part of the world for the last week, it was once mine but now an exile and I noticed an article in the Scotland On Sunday that may be interest to AIM oilers.
Business News page3 headed Canadian Firms etc (Antrim Energy etc)
Sorry cannot get the e-news link and computer is being stroppy but it is probably on The Scotsman web site

Still going up............

Caz target is 1. or 1.25 if taken out.

Should hit just under 90p today imo.

Closed @ $2.14AUS which is just over 90p.

I need those drill targets this week!

Told you where it would finish.

Now if I can only do that with all my stocks.....................

Off topic.
============

Sterling Energy are one of six companies presenting at Oilbarrel next week.

here are the participants and the schedule, SEY are on first!


http://www.oil-barrel.com/conference/210605.pdf


So arrive on time for Sterling!

Is anyone else going?

Not me sorry..........

me neither...

looking to buy hardman tomorrow, i think it will be +1 in the near future, and 125 must be possible by end of the year...

HNR.heading for all time high again ,S.P. flying.

Top-sliced 50% will keep rest for now.
They have done well for us