Hardy Oil & Gas PLC (HDY-LN)

BusinessWeek  Apr 16  Comment 
Reliance Industries Ltd. shares had their biggest weekly decline in two months after partner Hardy Oil & Gas Plc cut by 51 percent the prospective resource estimate in a natural gas field owned by them.
Commodity Online  Apr 16  Comment 
Independent Evaluator Hardy Oil Gas Plc a partner of India s largest private sector conglomerate Reliance Industries Ltd (BOM:500325) has evaluated a cut in the prospective estimates in D9 natural gas field off the Bay of Bengal by 51% leaving...


Hardy Oil and Gas plc is an oil and gas exploration and production company. Its portfolio includes a blend of production, development, appraisal and exploration assets. The Company Hardy Oil and Gas plc has existing production from an offshore field in India’s Cauvery basin. Hardy also has interests in exploration blocks in India’s Saurashtra, Cauvery, Krishna Godavari and Assam basins and two development licenses in Nigeria. The PY-3 producing field is located off the east coast of India approximately 80 kilometers south of Pondicherry, and is ring-fenced by the Company’s CY-OS/2 block. The CY-OS/2 block is located in the northern part of the Cauvery basin immediately offshore from Pondicherry, covering approximately 859 square kilometers. The GS-01 block is located in the Gujarat-Saurashtra offshore basin off the west coast of India and encompasses 8,841 square kilometers.

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