HDY.L Regulatory News (HDY)

24 Apr 2006 14:53

Hardy Oil & Gas plc24 April 2006 For Immediate Release 24 April 2006 Hardy Oil and Gas plc ("Hardy" or "the Company") Drilling Update Hardy Oil and Gas plc (AIM : HDY), the oil and gas exploration and productionCompany, with assets in India and Nigeria today announces an update to itsdrilling in India. In the exploration block GS-OSN-2000/1 awarded under NELP II on the West Coastof India, the first well GS01-A1 was drilled to the Depth of 4,374 metres andpenetrated the full sedimentary section and terminated in the Deccan trapvolcanics (technical basement). The well was logged and cased. However, notesting was carried out in the zones of potential interest due to operationalconstraints. The log results are being further reviewed prior to thefinalisation of the second location in the block. 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 5000Bobby MorseBen Willey Notes This update has been approved for issue by Yogeshwar Sharma, Managing Directorof Hardy. Mr. Sharma is a Licenced Professional Engineer in Alberta Canada and aMember of the Society of Petroleum Engineers. This information is provided by RNS The company news service from the London Stock Exchange