Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHDY.L Share News (HDY)

  • There is currently no data for 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

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

Copyright © 2013 Alliance News Limited. All Rights Reserved.

More News
26 Feb 2014 16:42

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
25 Feb 2014 17:00

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
24 Feb 2014 16:17

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
21 Feb 2014 16:08

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
20 Feb 2014 16:36

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
6 Nov 2013 15:13

Son of Air Partner founder sells shares and announces retirement

Tony Mack, Non-Executive Director of Air Partner, a provider of aviation charter services, has reduced his stake by over a third and announced his plans to retire in June next year. He sold a total of 360,067 shares, reducing his stake to 700,000 shares, equal to 6.8% of the issued share capital.

Read more
6 Nov 2013 13:00

DIRECTOR DEALINGS: Hardy Oil and Gas Non-Executive Director Sells 500,000 Shares

Read more
18 Mar 2013 16:28

Jupiter Fund Management Chief disposes of 750,000 shares

Edward Bonham Carter, the Group Chief Executive of Jupiter Fund Management, has traded in 2.65m pounds-worth of shares just a few weeks since the group boosted its total dividend for 2012 by 13 per cent. Bonham Carter sold 750,000 shares at 350.75p a time, making a modest dent in his stake which n

Read more
7 Mar 2013 13:43

Hardy Oil and Gas poised to serve Indian energy market

India-focused Hardy Oil and Gas has unveiled its preliminary results for the year ended December 31st, showing cash used from continuing operations before movements in working capital of 6.8m dollars. Cash and short-term investments at December 31st amounted to $29.1m compared to $36.5m in 2011 and

Read more
10 Jan 2013 13:38

Hardy Oil and Gas in negotiations over GS-01 exploration block

Hardy Oil and Gas, an oil and gas exploration and production company with assets in India, has confirmed media reports that it is in negotiations with the operator of the GS-01 exploration block located offshore the west coast of India. In a statement the group said: "Hardy confirms that it is in n

Read more
25 Jun 2012 08:56

Monday broker round-up

African Barrick Gold: Nomura cuts target from 685p to 670p, buy rating unchanged. Aquarius Platinum: UBS cuts target from 110p to 55p, neutral rating kept. Avocet Mining: Nomura downgrades from buy to neutral, cuts target from 310p to 220p. Bovis Homes: UBS upgrades from sell to neutral, 465p tar

Read more
6 Jun 2012 15:54

Tracsis tech officer ditches shares

Raymond Kwan, the Chief Technical Officer of Tracsis ditched 750,000 shares on the same day the firm announced that it considers it likely that the company will exceed current market expectations for the year ended July 31st 2012. Tracsis is a developer, supplier and aggregator of resource optimis

Read more
24 Apr 2012 09:27

Resource round-up: Forum Energy, Berkeley Resources, Jupiter Energy, Hardy Oil & Gas

UK oil and gas firm Forum Energy has confirmed its natural gas discovery at Recto Bank in the disputed South China Sea contains more reserves than initially thought. In an announcement to the Philippines Stock Exchange earlier, Philex Petroleum Corp said Forum had a report that "is expected to show

Read more
1 Mar 2012 10:30

Small caps round-up: K3, Densitron, Innovation...

Software firm K3 Business Technology Group has received a number of indicative proposals at levels materially higher than the current share price, which it will explore these under a formal sale process and is now consequently in an offer period. Shares in the firm leapt 21.75 percent to 187.50p.

Read more

Quickpicks are a member only feature

Login to your account