HDY.L Share News (HDY)

HDY.L Information

There is currently no data for HDY

Hardy Oil & Gas Developing Operations In India

Thu, 07th Nov 2013 10:09

LONDON (Alliance News) - Hardy Oil & Gas PLC Thursday said it is moving forward with operations at its D3 block off the east coast of India.

The oil and gas exploration and production company, with assets in India, said it has undertaken various geophysical studies of the site and has received a Declaration of Commerciality for gas discoveries in the block with the Government of India.

The company said its joint venture at the D3 block is seeking a 12 month extension for the licence at the site, until the end of 2014. hardy said that exploration drilling is expected to recommence in 2014.

Hardy Oil also said it plans to complete discussions with its joint venture partner to increase Hardy's interest in the GS-01 block off the west-coast of India.

The company said its short term investments and cash at the end of September amounted to USD26.4 million.

Hardy Oil & Gas shares were down 4.0% 97.00 pence Thursday.

By Tom McIvor; tommcivor@alliancenews.com; @TomMcIvor1

More News

17 Aug 2009 07:30

Hardy Oil & Gas posts H1 pre-tax loss

Oil and gas exploration and production firm Hardy Oil & Gas reported a first half pre-tax loss of $5.4m compared with a profit of $9.7m the year before. Revenue at the India-focused firm fell to $5.8m for the six months ended 30 June 2009 from $9.9m the year before. Hardy posted a net loss of $4.3m

14 Jun 2009 10:33

Sunday tips round-up: Petrofac, Hardy Underwriting, BP

Things just seem to be getting better and better for oil services group Petrofac says the Telegraph. The group designs, builds and operates oil and gas facilities as well as trains personnel and develops exploration and production projects. The company has more than doubled its backlog this year t

27 May 2009 17:02

London close: Footsie limps back into positive territory

The movements of London's blue-chip index looked as if they were being directed by the grand old Duke of York today, with the index starting the day on the up, then heading lower over the lunchtime session before finishing roughly where it started. Sterling moved above $1.60 for the first time sin

27 May 2009 14:58

London afternoon: Footsie drifts into the red

London's leading shares are mixed in quiet trading. Hopes of receiving a lift from a strong start on Wall Street have been dashed, with the US market trading indecisively as London as traders await the release of US existing home sales data. Water companies receive a boost ahead of the sector's res

27 May 2009 12:10

London midday: Water companies keep Footsie afloat

The Footsie is barely keeping its head above water, despite expectations of a moderately firm start on Wall Street. Water companies receive a boost ahead of the sector's results season which starts this week, with Credit Suisse claiming the sector's rally is set to continue. The Swiss bank has upgr

27 May 2009 10:49

Hardy Oil receives resource estimate boost

The market has given an enthusiastic response to the release of a technical evaluation report on Hardy Oil and Gas's D3 and D9 exploration licences in the Krishna Godavari Basin. The India-focused oil and gas company said the risked Best Estimate Resources for the D3 block is 9.5 trillion cubic fee

Latest Share Chat

HDY.L Share News (HDY)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Hardy Oil & Gas Developing Operations In India

Hardy Oil & Gas posts H1 pre-tax loss

Sunday tips round-up: Petrofac, Hardy Underwriting, BP

London close: Footsie limps back into positive territory

London afternoon: Footsie drifts into the red

London midday: Water companies keep Footsie afloat

Hardy Oil receives resource estimate boost

Login to your account

Quickpicks are a member only feature

Login to your account