HDY.L Share News (HDY)

HDY.L Information

There is currently no data for HDY

Hardy Oil shares fall on India gas pricing uncertainty

Thu, 07th Aug 2014 16:16

India government's decision to review the country's gas pricing policy from locally produced natural gas has generated an uncertain future for the industry, Hardy Oil & Gas said on Thursday.In particular, and as regards the company's financials, in its interim management statement for the period between 1 April and 7 August the oil firm announced cash and short term investments amounted to $24.1m (£14.3m) at the end of June and the company's working capital position remains strong.The oil firm also noted they're well funded to meet their planned work programmes."Our primary objectives remain to secure key stakeholders' approvals and initiate activity that will take us closer to realising production from our portfolio of assets and continue D3 exploration activity," said Ian MacKenzie, Hardy's chief executive officer.Hardy share fell 4.63% to 103.00 at 15:33 on Thursday.DC

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 shares fall on India gas pricing uncertainty

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