Hardman Lodges Bids for Trinidad Blocks

Hardman Resources Limited
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Hardman Resources Limited, through its wholly owned subsidiary Hardman Oil and Gas Pty. Ltd., has submitted bids for two blocks offered as part of the Trinidad 6th Exploration Licensing Round, which closed November 30.

The bids were for Offshore Block 2a/b, which was placed in conjunction with a subsidiary of Centrica plc and the Onshore/Offshore Block Guayaguayare. Production Sharing Contract ("PSC") terms include the carried participation of the State Oil Company, Petrotrin, through the initial exploration phase.

The forward process includes a series of technical presentations to the Ministry of Energy. Shortlisted parties are expected to be notified during the first quarter of 2007.

Trinidad has a prolific history of both oil and gas production. Both blocks on which Hardman has placed bids are adjacent to significant producing areas.

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