nice bounce today got me out with a small profit and the sun is shining .

And you bought back your VOG shares I hope?

I would advise to always check for comment and news on TMF before purchase or sell stock unless it is in free fall of course.

i did took my profit safely stashed 800 pounds for day trade going to haVe another go at Vog tomorrow they look to haVe the legs for it i haVe habit of following these oils as they go up buying as they rise and geting stuck at the top with only one way to go een 240 sbe 373 txo19.5 moi .8 gtl 10 pre 24 fto 10 lot of dead money there

Labeidna news now looks positive with side track, should they have gone for it, not able to reach thicker and more prospective zone!

Separate drill hole required.

Very encouraging, but the Australians have another agenda, I'm pos' on that!

VOG? Yes, went to the agm yesterday. It was interesting! Doesn't the West Medvezhye VOG block look small in relation to the Gazprom Medvezhye field next door?!

HNR has asked to be suspended due to Woodman considering offer for their 10% stake in Hardman.

Looks like a bidder in the wings, if it is then it will do some strange things to my holding!

PERTH (Dow Jones)--Australian oil and gas explorer and producer Hardman
Resources Ltd. (HDR.AU) said Thursday Woodside Petroleum Ltd. (WPL.AU) is
considering selling its stake in Hardman.
Woodside subsidiary Woodside Mauritania Investments Pty. Ltd. holds a 10.24%
stake in Hardman.
Hardman placed its shares under a trading halt Thursday until the sale is
completed or the commencement of trade on Monday.
"The trading halt is required as Hardman has been advised by Woodside
Petroleum Ltd. that its wholly owned subsidiary, Woodsided Mauritania
Investments Pty. Ltd., is considering the sale of its shareholding in Hardman
and will decide whether it wishes to do so over the course of the trading halt
period," said Hardman in a statement to the Australian Stock Exchange.

No bidder! And it has done strange things to my holding.

Which I won't go into here! :)

It'll come right on the night I'm sure, just got to find the right knight!

10% fall this week.... SP now looking good... I last sold these shares at over 1 and looking at the recent news think a recovery back is very much due. Anyone any ideas how much further these will fall???

Back in on these at just over 80p.

All north from here I suspect.

Posted by hooter on hotcopper.

From ABN Amro

Starts -

"Stock specifics

Hardman Resources

4Q05: Waiting for a Tiof time

Hardman was the worst-performing stock in our universe in 2005 on the back of a very unsuccessful drilling program in Mauritania . Tiof will dominate 1H06, in our view. We expect an announcement in the second quarter. 2006 exploration looks more promising.
Tiof - will it or won't it?

HDR had expected an announcement on the commerciality of the Tiof project before year-end. The operator (WPL) has postponed this decision until at least 2Q06. This is due to the very complex nature of the reservoir and the difficulty in formulating a development plan to maximise the recoverable reserves. We still forecast and value a multi-staged commercial development eventually culminating in recoverable reserves of 235mmbbl.
2006 exploration - small ones are more juicy

Through 2005, we remained sceptical about the prospectivity of the Cretaceous plays in Mauritania , but Labeidna confirms our view that the Miocene still offers considerable exploration upside from smaller pockets of oil. The shallower water 'Atwood Hunter' has been contracted to conduct the 2006 and 2007 drilling programs in the PSC A and B joint ventures areas. The initial wells in the 2006 program are set to be drilled in PSC A and should include the Kilbaro, Awatt and Colin/Colin Deep prospects. Unlike the 2005 'Stena Tay' program, the prospects in 2006 and 2007 should include more smaller, shallower, Miocene plays which have a much greater probability of success than the wells drilled in 2005. However, this rig is also not available until the second quarter.
Catalysts and valuation - Tiof the key catalyst over next nine months



In the meantime, we expect first production from Chinguetti in February 2006, which would provide the company with its first significant cash flow, and would remove some of the risk associated with the costs over-runs experienced in developing this cornerstone asset. We retain our A$2.10 target price with Tiof remaining central to the share price staying above this level. We also believe that HDR would be an interesting takeover target for a NOC interested more in long-term resource potential than short-term returns. Mauritania is likely to have sufficient gas to contemplate an export project, while the recoverable oil potential of Tiof would be boosted by applying a lower hurdle rate than that commonly used by an IOC such as WPL. PetroChina and ONGC would seem to be the two most likely candidates.
Security ExDate ExPrc Type ConvFac Delta"


I'm dribbling again..........

Production commences February 17th

"Production will begin Feb. 17 at the offshore Chinguetti oil field, located 65 kilometers (40 miles) west of Nouakchott in the Atlantic Ocean, said Aboubakr Ould Marouani, director of the state-run Mauritanian Hydrocarbon Company, which is charged with overseeing oil sales.

Oil will be loaded onto ships and exported beginning in mid-March, Marouani said.

The offshore field is operated by Woodside Energy of Australia.

Mauritanian officials say production is expected average about 75,000 barrels of oil a day for nine years."


ee(tmf)

looking to top up here soon, this price looks cheap in comparison to others in the sector that are running up on no production and dubious results!!

You are right there aimtrader.

Be aware of the dispute between Woodside and The Mauritainian Government, but I don't see that being much of a probelem.

It is under priced imo, it will become a t/o target if the Market does not allow it to be where it should be, and they will be cash rich once the production of oil flows.

Price of oil looks to average more than the $45 used to value the company so if you like it, watch this week and buy under 80p if you can.

I exopect it to advance for sure after the middle of the month.

Look to hold till after this years resultls, till next years if you can be patient lots happening over the next 12 months.

Looking cheap, bidding back in @ 78. Lets see what happens tomorrow.

Well done explosive.

Good price and better than mine, but I think 2p wil not mean much soon.

Still got filled boots of these and other PSC memebers so roll on Monday.

Unless of course Friday evening was not the best time to announce this?

Mauritania's Chinguetti offshore oil field starts pumping oil
AFX


NOUAKCHOTT (AFX) - Mauritania has started pumping crude oil at its Chinguetti offshore oil field in the Atlantic Ocean, making it Africa's newest oil producer, state oil company Societe Mauritanienne des Hydrocarbures (SMH) announced.

'The production of Mauritanian oil effectively started on Friday at the offshore Chinguetti oil field,' 80 kilometres (50 miles) southwest of the capital, SMH said in a statement.

The daily production is expected to reach 75,000 barrels of oil and Mauritania hopes to earn some 200 mln usd a year from exports expected to kick off around March 20.

Hardman Resources Ltd has a 19.01 pct stake in Chinguetti. Australia's Woodside Petroleum Ltd, the operator has 47.83 pct while BG Group has 10.23 pct, Premier Oil 8.12 pct and Australia's Roc Oil 3.25 pct.

The Mauritanian government holds the remaining stake of just under 12 pct.

Very bullish RNS here too.

Hardman Resources Limited
25 February 2006



STOCK EXCHANGE / MEDIA RELEASE


RELEASE DATE: 25 February 2006

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

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

RE: FIRST OIL PRODUCTION FROM
CHINGUETTI FIELD

PAGES: 3


Hardman Resources Limited ('Hardman') is pleased to announce that oil production
from the Chinguetti field (Hardman 19.008%), offshore Mauritania, commenced
during the early hours of the morning on Saturday 25 February 2006.

'This is a profoundly important moment in the history of Hardman Resources',
Simon Potter, Hardman CEO and Managing Director, commented. 'The company is now
not only an explorer but on the verge of being a significant international oil
producer. Clearly, Chinguetti is of crucial importance in underpinning our
business strategy.'

The transition to international oil producer is the culmination of a process
that began in September 1996 when Hardman negotiated and signed the first
offshore Production Sharing Contract ('PSC') with the Mauritanian Government.
Hardman later introduced other companies, including Woodside, through farm in
agreements signed in August 1998 and those companies funded the initial
exploration investment.

Extensive technical work was carried out with the acquisition and interpretation
of a very large volume of new 2D and 3D seismic data. This led to the decision
to drill the Chinguetti prospect as the first exploration well, and where an oil
discovery was subsequently announced in May 2001.

The Chinguetti development project is operated on behalf of the joint venture by
Woodside Mauritania Pty. Ltd and is located in water some 800 metres deep. The
development involved a gross capital expenditure of about US$720 million and
initially comprises twelve wells - six production wells, five wells for water
re-injection and one for gas re-injection. Production is via the floating
production storage and offloading facility (FPSO), Berge Helene - located 80km
south-west of the capital Nouakchott - and is expected to increase steadily over
the coming weeks to reach a peak of about 75,000 barrels a day in April, with
the sale of Hardman's first oil cargo currently also forecast for that month.

Aside from Chinguetti, Hardman participates in further discoveries offshore
Mauritania at Tiof, Banda, Tevet and Labeidna, operated by Woodside, and Pelican
and Faucon operated by Dana. These are currently being evaluated for development
and/or appraisal. In addition to Woodside and Dana, Hardman now has as partners
such major international companies as, BG, Gaz de France, Petronas, Wintershall,
Premier and Tullow, as well as the Mauritanian State. In aggregate, the joint
ventures in which Hardman participates have invested over US$1.4 billion in
exploration and development offshore Mauritania.

'The move to production provides us with the revenues to sustain a growth
strategy embracing not only our Mauritanian holdings but other selected
opportunities in our focus areas,' Mr Potter said. 'Together with my colleagues,
I'd like to thank all those who have gone before me at Hardman who helped create
this substantial opportunity, everyone involved at Woodside in the development
and specifically to congratulate the project team. Achievement of first oil for
a deep water project within 20 months from the development decision is a
substantial accomplishment.'

Alan Burns, Chairman, added: 'Hardman's achievement in opening the Mauritania
basin through primary exploration, through fostering relations with the state of
Mauritania, and by introducing joint venture partners, is a measure of the
resolution of all our employees and colleagues involved - at all stages. We look
forward to sustaining our commitment to the region with further investment, both
in the acreage and locally on-shore, and to working in partnership with
Mauritania and its people.'

Holding a bucket of these.........

Bit of early excitement on the Hardman front, pre open buys at 85 and 86p.

I have no further to comment on these.......

Hung on well at the end.

Lets see what the rest of the week brings.

32 metre column of oil....Uganda.

Uganda: Block 2 - Waraga-1 Wildcat

Since the last report on 28 February, the Waraga-1 well was drilled to a depth
of 1,768 metres. Wireline logs, including wireline pressure and sampling tools,
were run at this depth to investigate hydrocarbons encountered in the well
(elevated gas readings and oil shows). Subsequent evaluation of these logs and
pressure measurements indicates a gross hydrocarbon interval of 32 metres with a
net pay ratio of approximately 50% and the hydrocarbon type is interpreted as
oil. Samples are yet to be recovered from the well because of problems with the
wireline sampling tool. No oil water contact has been observed although the
well has now passed into probable water bearing sands below the hydrocarbon
interval.

Multiple objectives are interpreted in this prospect and, on the basis of
seismic correlations between Waraga-1 and Mputa-1, we still expect to intersect
deeper objectives, similar to the oil bearing intervals in Mputa-1, before
Waraga-1 reaches total depth.

At midnight on 5 March the well was drilling ahead at 1,872 metres towards a
revised planned total depth of approximately 2,050 metres. Wireline logs
including a pressure and sampling programme will be conducted to further
evaluate this reported hydrocarbon interval and the expected deeper objectives.

Waraga-1 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 is testing 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
was significantly reduced by the success of Mputa-1.

Hardman's CEO and Managing Director, Simon Potter commented, 'These initial
results, along with the drilling of deeper targets and planned additional
testing of hydrocarbons at Waraga-1 are a strong follow up to the initial
discovery well at Mputa-1. Combined, these results give us considerable
confidence for realising additional potential in the region which will give
strong impetus to an appraisal and commercialisation process'.

Equities in Block 2 are:
Block 2
Hardman Petroleum Africa Pty Ltd (Operator) 50.0%
Tullow Oil 50.0%