Hardman Resources Limited ("Hardman") provides the following progress report on
its drilling activities:
Uganda: Block 2 - Mputa-1 Wildcat
The Mputa-1 well was spudded on 22 December and drilled the 18 5/8 inch surface
hole to 107 metres where the 13 3/8 inch casing was run and cemented. At
midnight on 27 December the rig was waiting for the imminent arrival of parts to
replace a broken driveshaft prior to drilling ahead. The required parts have
been located and are being airfreighted to Uganda.
Mputa-1 will target a structural prospect with potential multiple objectives.
The prospect was defined by the 2005 onshore seismic survey and oil seeps have
been identified in the immediate area.
The planned total depth is approximately 1,100 metres. The well location is 220
kilometres north-west of the capital Kampala and onshore 8 kilometres from Lake
Albert. The location is 60 kilometres south-west of the Butiaba Waki-1 well
(drilled in 1938) and 87 kilometres north-east of the Turaco exploration wells
drilled by Heritage in 2002-2004.
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