Rumour was yesterday that dorade was dry.

That was expected, but when PRE had a dry one at High Island A68 the price dropped by 5% then came back to previous levels.

Doarde was expected to be dry, and was identified as high risk before the drilling started so why the market should be surprised if that is so defeats me.

Never mind, 16 more drills to go and this is the only one so far.

Corner turned here in my opinion.

SWW,

Hope so!

It would probably have been better to drill one of the better prospects first, before the high risk one, but I guess their plan doesn't take into account short temr fluctuations on the LSE or ASX!

Andy - I was concered when I saw the drilling schedule as I thought it may dip the prices at the wrong end of the campaign, but then brigther and better minds worked on this before I ever saw it.

I suppose we must accept the judgement to do the risky one first as being the better deal.

'Course if you are holding till either the end of the campaign, or the evalutiuon period or the production phase, little things like this don't really matter.

I must admit to profit sweeping when it hit 97p, and buying back in on the cheap this morning, but I really do not anticipate doing that too often with this stock.

Should have said what appears on the cheap this morning!

;-)

Do you know on my watch list, these and SEY are the only blues today!

Amazing.

I'm doing a bit better, 6 blues, 2 reds, and a few greens!

PMO stock aqisition can only be good news for SEY

Premier Oil PLC
15 October 2004


SCHEDULE 11 15th October, 2004



NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1. Name of company : PREMIER OIL PLC


2. Name of director : MR J A VAN DER WELLE


3. Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18 or in respect of a
non-beneficial interest : 2. ABOVE


4. Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified) : 2. ABOVE


5. Please state whether notification relates to a person(s) connected with
the director named in 2 above and identify the connected person(s) : N/A


6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co or PEP and if discresionary/non discretionary
: EXERCISE OF SAYE SHARE OPTIONS


7. No. of shares/amount of stock aquired : 277,272

As indicated last week so no surprise here.

This was expected

Hardman Resources Limited
18 October 2004




STOCK EXCHANGE / MEDIA RELEASE

RELEASE DATE: 18 October 2004

CONTACT: Ted Ellyard (08 9321 6881)

RE: WIRELINE LOG RESULTS FOR
DORADE-1, MAURITANIA

PAGES: 2

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

Dorade-1 Exploration Well - PSC 2

Progress and Current Status:
Since the last report (5 October 2004) Dorade-1 has been drilled to TD and
wireline logs have been run. Evaluation of the wireline data indicates that
Dorade-1 has not encountered any hydrocarbons. Some good quality Late Miocene
sands have been intersected but were water bearing. The well is currently being
plugged and abandoned.

Upon completing the plugging and abandonment programme the Stena Tay rig will
move to the Capitaine-1 exploration well in PSC B.

Note: There are no plans to drill-stem test any exploration well in the current
drilling campaign.

Well Location:
The Dorade-1 prospect is located approximately 165 kilometres southwest of
Nouakchott, the Mauritanian capital, and 85 kilometres southwest of the
Chinguetti Field. Water depth is 1,670 metres, and the total depth of the well
was 2,600 metres.

Well Details:
The Dorade-1 exploration well was drilled to test a Late Miocene channel sand
fairway. The main target was intersected at approximately 2,400 metres depth.

Other information:

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

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

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

Page 2

The 2004/05 drilling programme will include wells in three production sharing
contract areas (PSC's). Joint venture interests in those areas are:

Company PSC A PSC B PSC 2
Woodside group companies (operator) 53.846% 53.846% 48%
Hardman group companies 24.3% 21.6% 28.8%
BG group companies 13.084% 11.63%
Premier group companies 9.231%
Fusion Mauritania A Ltd 4.615%
ROC Oil group companies 4.155% 3.693% 3.2%
Energy Africa 20%



TED ELLYARD
MANAGING DIRECTOR

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.

Looks like a buying opportunity approaching here.

It cdertainly loks like the bearer of the news is the one paying the price.

-5 so far, I am getting my wallet out!

Well done seawallwalker. I have done exactly the same.

Good morning everyone! Perhaps they wanted to finish up the bad news seperately today so it doesn't dilute the good news tomorrow. Ever the optimist - or usually anyway.

Thanks cannyinvestor

On the way back up.

Nice one!

;-)

see the FOGL thread

Falkland Oil & Gas Says Fundraising Oversubcribed
AFX News Limited Wednesday, October 13, 2004


Falkland Oil and Gas Ltd said its offer to raise 2 mln stg via the issue of 5 mln shares at 40 pence each has been oversubscribed. The group said it received applications for 17.45 mln shares, representing 6.98 mln stg. "As a result....applications will not all be settled in full," it said. The minimum subscription under the offer was for 2,500 shares, or 1,000 stg, and all valid applications will receive at least this amount, it added. "Applicants will also receive 12.415 pct of the amount they have applied for in excess of 2,500 shares." In a separate statement, Falkland Islands Holdings PLC said its shareholding will represent 18.1 pct of Falkland Oil and Gas's enlarged share capital.

London-based Falkland Oil & Gas Limited (FOGL) has identified eight leads from existing 2D seismic in its seven licenses off the southern coast of the Falkland Islands, spokesperson Ben Brewerton told BNamericas.

The leads range from 211 million barrels (mb) to 626mb and could contain a total 3.75 billion barrels, Brewerton said. Each of the seven blocks has at least one lead in it.

FOGL identified the leads by re-interpreting 2D seismic work carried out in the 1990s and it plans to redo some of the seismic in December this year, followed by a 3D seismic program in 2005.

The company could then consider farming-in a partner to help fund drilling on specific targets in 2006-2007, Brewerton said.

To fund the 3D program, FOGL announced it has raised 10mn pounds (US$18mn) through a private placement of 25 million shares at 40 pence per share, FOGL said in a statement.

FOGL has announced a public offering of a further 5 million shares at 40p/share, which must be subscribed by October 12.

If the offer is fully subscribed, FOGL will raise an additional 2mn pounds before expenses, meaning that the net proceeds of the placing and offer will be about 11mn pounds. The company would then list on London's junior AIM market with a market value of 32mn pounds.

Dealings in the shares are expected to start October 14. KBC Peel Hunt has been appointed as nominated adviser and broker to FOGL.

FOGL was formed in May 2004 as a joint venture between Falkland Islands Holdings, Global Petroleum and RAB Special Situations.

Shareholdings in FOGL prior to the placing and offer are: Falkland Islands Holdings 28.9%; Global Petroleum 25.7%; and RAB Special Situations 45.4%.

FOGL has a 77.5% interest in seven exploration licenses covering approximately 33,700 sq. km. to the south of the Falkland Islands. Australia's Hardman Resources has the remaining 22.5% interest.

About Business News Americas: Business News Americas is a multilingual news and business information service that covers the most important original stories in 11 different business sectors throughout Latin America everyday. Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company

Falkland Oil and Gas Ltd said it placed 25 mln shares at 40 pence each to raise 10 mln stg before expenses.

The company, which expects its shares to begin trading on the Alternative Investment Market on Oct 14, also announces a public offer of a further 5 mln shares at 40p a share. Assuming the maximum number of shares available are subscribed, it will raise an additional 2 mln stg before expenses.

Falkland Oil, which holds a 77.5 pct interest in seven exploration licences covering about 33,700 sq km to the south and east of the Falkland Islands, will have a market capitalisation of 32 mln stg on admission to AIM and net proceeds from the placing and offer will be about 11 mln stg.

Following the placing, Falkland Islands Holdings PLC's interest in Falkland Oil will be 18.1 pct.

That's a nice one!

Hardman Resources Limited
19 October 2004

STOCK EXCHANGE / MEDIA RELEASE

RELEASE DATE: 19 October 2004

CONTACT: Ted Ellyard (08 9321 6881)

RE: MAURITANIA DRILLING PROGRAMME
WEEKLY PROGRESS REPORT


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

Tiof-3 Appraisal Well - PSC B

Progress and Current Status:
Since the last report (12 October 2004) the West Navigator rig drilled two cores
in the Tiof-3 ST1 sidetrack well to a depth of 2,795 metres. At that depth the
core barrel became stuck and it was not possible to recover the second core to
surface and the sidetrack hole was abandoned. A second sidetrack hole was then
established and at midnight on 18 October the West Navigator was coring the
Tiof-3 ST2 sidetrack well. Following coring, wireline logging operations will be
run and it is planned to conduct a flow test of the 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-3 well is located approximately 4 kilometres west of the Tiof-1 discovery
well. Water depth is 1,198 metres.

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


Dorade-1 Exploration Well - PSC 2

The results of Dorade-1 were reported yesterday, 18 October. As of midnight on
18 October (GMT) the Stena Tay is continuing to plug and abandon Dorade-1.


Capitaine-1A Exploration Well - PSC B

Progress and Current Status:
After completing operations on Dorade-1 the Stena Tay will move to the
Capitaine-1A location and drill that well to total depth.

Well Location:
The Capitaine Prospect is located approximately 125 kilometres southwest of
Nouakchott, the Mauritanian capital, and 30 kilometres southwest of the
Chinguetti Field. Water depth is approximately 1,680 metres and the planned
total depth of the well is approximately 3,140 meters.

Prospect Details:
The Capitaine-1 exploration well is testing a structural trap within the
Chinguetti channel sand system where an anticlinal structure was formed by an
underlying salt dome.

Other information:

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

Hydrocarbon shows will only be reported after all required logs have been run
and evaluated for each well.

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

Never a dull moment at HNR

Good luck TED!

Hardman Resources Limited
20 October 2004

STOCK EXCHANGE / MEDIA RELEASE

RELEASE DATE: 20 October 2004

CONTACT: SCOTT SPENCER (+61 8 9321 6881)

RE:TED ELLYARD TO STEP ASIDE
AS MANAGING DIRECTOR


Hardman Resources Ltd today announced that its Managing Director, Ted Ellyard
has given notice of his intention to step aside as Chief Executive Officer
effective on 29 October 2004. Mr Ellyard's resignation as Managing Director of
Hardman is for personal reasons, including the need to receive medical treatment
and the limitations that places on fulfilling the duties of a CEO of a large
international company. Mr Ellyard intends to remain on the Board as a
non-executive director, at least until a new CEO is appointed.

Mr Ellyard has been Managing Director and CEO since August 1996 and has overseen
the Company's international expansion into petroleum projects in eight countries
in Africa, South America and the Australian region. During his eight year tenure
as CEO, Hardman has grown from a junior explorer with a market capitalisation of
less than AU$5 million to over AU$1 billion, largely resulting from the
significant oil & gas discoveries in offshore Mauritania, West Africa, a project
pioneered by Hardman.

Mr Scott Spencer, an Executive Director of the Company, will be Acting Chief
Executive Officer until the appointment of a new CEO. Mr Spencer has been a key
member of the Hardman management team since 1994, being intimately involved in
strategic and operational decisions. He is ably assisted by Hardman's
established executive management team, well experienced in the discovery and
development of petroleum reserves and corporate management.

The Board of directors has appointed Russell Reynolds Associates Inc. to conduct
an international search for a new CEO to manage the next phase of the Company's
growth. It is anticipated that the new appointment can be made early in the New
Year. Russell Reynolds is a leading executive search agency which has recently
conducted successful CEO searches for Woodside and Santos.

Mr Ellyard commented: 'It was a difficult decision to step aside as CEO of
Hardman after eight years of very exciting and enormously successful growth for
the Company. Although this decision has been made reluctantly, the change in
leadership comes at a time when Hardman is strongly placed to become a
significant oil and gas producer with an international focus. The Company now
has established petroleum reserves and expects to become a significant oil
producer in 2006.

'Moreover, it has large upside potential in both discovered resources and
undrilled prospects. Hardman is also financially sound with over AU$300 million
in cash reserves and no current debt, although a bank facility for Chinguetti
development is being finalised.

'I will now take a holiday from executive management and spend more time with my
family after many years of international travel and working long hours
developing the Company's oil & gas interests. This change will also allow me to
pursue other interests and continue other existing non-executive board roles. I
will be able to relax a little, confident that Hardman Resources has the
management and infrastructure to continue its rapid growth into one of
Australia's most successful oil and gas companies.'

Hardman's Chairman, Alan Burns, commented: 'Ted has given us the most marvellous
service over a long period of time. Ted's contribution has been an essential and
major part of our success. I thank him for his dedication and achievements and
understand his desire to spend more time with his family and wish him and his
family the very best for the future.'


Alan Burns
Chairman

Editor's Notes

Mr Spencer is an Executive Director of Hardman, having first been appointed in
July 1994. He holds a Bachelor of Arts (honours), a Bachelor of Philosophy and a
Master of Literature. He has post graduate degrees in Russian studies from
Oxford University and is fluent in French and Russian as well as a number of
other languages. He is a former member of the Australian Foreign Service and
worked for nearly 15 years with the Australian Government on international
political and economic issues. From 1990 to 1993 Mr Spencer was regional
director in Western Australia for the Department of Foreign Affairs and Trade.

Mr Spencer plays a key role in the negotiation and liaison with various
governments and corporate entities internationally. His role includes liaising
with the investment community worldwide and he has been instrumental in
assisting with the progress of the Company's projects, in particular the
Mauritanian project which the Company first acquired in 1996.

Sorry to see him go.

Mmmm........ yes.

It'll take a big man to fill his shoes.

See the price has slipped this morning a little, market feels the same.

What are those 2 rather large trades today? Any ideas anyone?

Looks like a buy and sell of stock, or a sell and buy of stock.

Late deal so who knows when it happened?

I don't

Don't worry about it, it could be anything and nothing.