(Alliance News) - Shares in Hardy Oil & Gas PLC plummeted Friday after Aberforth Partners LLP exited its 12% stake in the firm following a transaction on Thursday.
Shares in Hardy Oil closed 10% lower at 2.92 pence in London on Friday.
Fri, 19th Jul 2019 17:34
(Alliance News) - Shares in Hardy Oil & Gas PLC plummeted Friday after Aberforth Partners LLP exited its 12% stake in the firm following a transaction on Thursday.
Shares in Hardy Oil closed 10% lower at 2.92 pence in London on Friday.
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
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Read moreThe 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
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