Hardman Resources Says Espadon-1A a Duster

The Espadon-1A well, drilled by the Stena Tay, reached a total depth of 3,042 meters. Wireline log data was then acquired. Preliminary analysis of both wireline and drilling data indicate that the well has not encountered any significant hydrocarbon bearing sands.

The Espadon-1A well is located approximately 108 kilometers west of Nouakchott, the Mauritanian capital, and 13 kilometers west of the Tiof Discovery. Water depth is 1,677 meters.

The Stena Tay will plug and abandon the Espadon-1A well and then move to the Tevet-2 location within the Chinguetti EEA. Tevet -2 is a dual target well which will appraise the 2004 Tevet Miocene discovery, and also test the deeper Cretaceous section beneath the Miocene sand fairway.

After the Tevet-2 exploration appraisal well the Stena Tay will drill Labeidna-1 exploration well also in PSC B before mobilizing to Block 1 to drill Faucon-1 exploration commitment well. The continuing 2005/2006 exploration campaign will also include a PSC C (Block 6) commitment well and further PSC A and B exploration work.

While no significant hydrocarbons were found at Espadon-1A the result does not impact the prospects for good quality sands or oil charge in the main canyon system to the west of the Tiof field. Indeed the thick shales encountered at the well location could assist in stratigraphic trapping of hydrocarbons within the fairway.

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