Drilling Suspended at Flamant-1 Offshore Mauritania

Hardman Resources

Since the last report, drilling of the Flamant-1 exploration well in Block 8 remains at its previously reported depth of 1,867 meters due to stormy weather conditions and mechanical difficulties resulting in the Blow Out Preventer (BOP) being pulled to surface for repair.

Flamant-1 targets Cretaceous Carbonates and has a planned total depth 3,370m. The well is located in 1414m of water, approximately 210km from the shore and 195 km Northwest from Pelican-1, a Cretaceous gas discovery drilled in Block 7 offshore Mauritania.

Partners in Block are Dana Petroleum as operator with 41.5%; Hardman Resources with 18%; Roc Oil with 2%; Wintershall with 25%; and Gaz de France with 13.5%.