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Arbitration Ruling

1 Jun 2006 07:03

Hardy Oil & Gas plc01 June 2006 For Immediate Release 1 June 2006 Hardy Oil and Gas plc ("Hardy" or "the Company") Arbitration Ruling Hardy Oil and Gas plc (AIM : HDY), the oil and gas exploration and productionCompany, with assets in India and Nigeria today announces that its defence ofits pre-emption rights relating to the Hindustan Oil Exploration Company Limited("HOEC") was not upheld by the London Court of International Arbitration. The ruling against Hardy, as a party to the Hindustan Oil Exploration CompanyLimited shareholder agreement, dated 14 October 1998, ("Shareholder Agreement")and Hardy's counter claim under the Shareholder Agreement against HousingDevelopment Finance Corporation Ltd., Unocal Bharat Limited, and InfrastructureLeasing & Financial Services Ltd. was communicated to the Company after thehearing on 30 May 2006. Hardy will continue to hold its strategic 8.5% in HOEC's issued share capital.As of the 31 May 2006, HOEC had a market capitalisation of $175 million. For further information please contact: Hardy Oil and Gas plc 020 7471 9850Yogeshwar Sharma, Managing Director Arden Partners Limited 020 7398 1632Richard Day Buchanan Communications 020 7466 5000Ben Willey This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
2nd Nov 20107:00 amRNSNotice of Major Interest in Shares
27th Oct 201010:35 amRNSCompletion of Disposal
27th Oct 201010:35 amRNSCompletion of Disposal
22nd Oct 201010:19 amRNSNotice of major interest in shares
22nd Oct 201010:19 amRNSNotice of major interest in shares
21st Oct 20105:20 pmRNSNotice of major interest in shares
21st Oct 20105:20 pmRNSNotice of major interest in shares
21st Oct 20103:37 pmRNSNotification Of Major Interest In Shares
21st Oct 20103:37 pmRNSNotification Of Major Interest In Shares
21st Oct 20107:00 amRNSDirector/PDMR Shareholding
21st Oct 20107:00 amRNSDirector/PDMR Shareholding
20th Oct 20107:00 amRNSNotification of Transactions of Directors
12th Oct 201012:39 pmRNSGrant of Share Options
12th Oct 20107:00 amRNSPosting of circular
30th Sep 20107:00 amRNSDirector/PDMR Shareholding
30th Sep 20107:00 amRNSDirector/PDMR Shareholding
30th Sep 20107:00 amRNSDirector/PDMR Shareholding
30th Sep 20107:00 amRNSDirector/PDMR Shareholding
30th Sep 20107:00 amRNSTotal Voting Rights
23rd Sep 20107:00 amRNSIssue of Restricted Shares
31st Aug 20108:42 amRNSKGV-D3-W1 Drilling Update
19th Aug 20107:00 amRNSInterim results
11th Aug 20101:53 pmRNSRecommencement of Drilling - W1 Well - Replacement
11th Aug 20107:00 amRNSRecommencement of Drilling - W1 Well
29th Jun 20107:00 amRNSManagement Additions
17th Jun 20104:40 pmRNSSecond Price Monitoring Extn
17th Jun 20104:35 pmRNSPrice Monitoring Extension
26th May 20107:00 amRNSDrilling Update
13th May 201010:58 amRNSAGM Statement
13th May 20107:00 amRNSInterim Management Statement
21st Apr 20107:00 amRNSReplacement - Annual Report and Accounts
20th Apr 20102:55 pmRNSAnnual Report and Accounts
14th Apr 201010:35 amRNSReplacement: Publication of CPR
14th Apr 20107:00 amRNSPublication of CPR and Independent Assessment
6th Apr 20107:00 amRNSCommencement of Drilling
31st Mar 20103:48 pmRNSBlock Admission
31st Mar 20103:46 pmRNSTotal Voting Rights
4th Mar 20107:02 amRNSPreliminary Results
4th Mar 20107:00 amRNSManagement Change
16th Feb 20108:54 amRNSNotification of Results
25th Jan 20108:59 amRNSRecommencement of Production
22nd Dec 20097:54 amRNSKGV-D3-R1 drilling update
18th Dec 20094:14 pmRNSNotification of Major Interest in Shares
18th Dec 20094:12 pmRNSNotification of Major Interest in Shares
11th Nov 200910:38 amRNSNotification Of Major Interest In Shares
11th Nov 200910:36 amRNSNotification Of Major Interest In Shares
5th Nov 20094:56 pmRNSDirector PDMR Shareholding
5th Nov 20094:33 pmRNSNOTIFICATION OF MAJOR INTEREST IN SHARES
5th Nov 20097:04 amRNSInterim Management Statement
5th Nov 20097:00 amRNSInterim Management Statement

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