Hardman Resources Spuds Waraga-1 Wildcat in Uganda

The Waraga-1 well in Uganda onshore Block 2 was spudded on 12 February at 1630 hours. The well has drilled 16 inch hole to 119 metres. Casing and cementing operations are in progress prior to drilling ahead in 12 1/4 inch hole.

Waraga-1 has a planned total depth of approximately 1,850 metres and 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 will test 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 has been significantly reduced by the success of Mputa-1.

Times and dates for Ugandan wells refer to UTC/GMT +3 hours (Uganda time), 5 hours behind Western Standard Time, Perth. All reported depths are referenced to the rig rotary table (RT). Hydrocarbon shows will be only be reported after all required logs have been run and evaluated, although Hardman will release weekly updates on the exploration drilling campaign.

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