29 Jun 2010 07:00
For immediate release 29 June 2010
Hardy Oil and Gas plc
("Hardy" or "the Company")
Management Additions
Hardy Oil and Gas plc (LSE : HDY), the oil and gas exploration and production company with interests predominantly in India, today announces the appointment of William M Satterfield as Technical Director of the Company's wholly owned subsidiary, Hardy Exploration and Production (India) Inc ("HEPI"). Hardy is also pleased to announce the appointment of Robert White as Drilling Manager of HEPI.
In his capacity, Mr Satterfield will be responsible for all exploration, appraisal and development activities of Hardy in India reporting to its President and Chief Executive Officer, Yogeshwar Sharma. Mr Satterfield has 22 years of exploration, production and business development operating experience with Occidental Oil and Gas Corp. He has lived and worked in Bangladesh, Dubai, Qatar, Colombia and the USA in a variety of technical management roles with Occidental. Prior to joining Hardy, Mr Satterfield was Geoscience Manager for Occidental's Central California assets. Mr Satterfield holds a MA and BS in Geology from the University of Texas.
Mr Robert. A. White has joined as Drilling Manager in India reporting to Technical Director Mr Satterfield and has over 37 years experience in offshore and onshore drilling, project management and related fields. Prior to joining Hardy, Mr White held drilling management positions with Aral Petroleum, Kazakhoil Aktobe in Kazakhstan and Dragon Oil in Turkmenistan. Mr White recently supervised the construction and commissioning of two deep water drillships for Chevron and Hess Corporation and has been a consulting drilling manager for its PY-3 field during its second phase of development in 2001.
Commenting on the management additions, Mr Yogeshwar Sharma, Chief Executive Officer of Hardy, said:
"We are pleased to have enhanced the Company's management depth with the addition of Will and Bob who provide us with significant additional operating capability."
For further information please contact:
Hardy Oil and Gas plc 020 7471 9850
Yogeshwar Sharma Chief Executive Officer
Dinesh Dattani Finance Director
Arden Partners plc 020 7 614 5917
Richard Day
Matthew Armitt
Buchanan Communications 020 7466 5000
Mark Edwards
Ben Romney
NOTES TO THE EDITORS
Hardy Oil and Gas plc is an upstream international oil and gas company whose assets are principally in India. Its portfolio includes a blend of exploration, appraisal, development, and production assets. Hardy's goal is to evaluate and exploit its asset base with a view to creating significant value for its shareholders.
Hardy Oil and Gas plc has existing production from an offshore field in India's Cauvery Basin. Hardy also has interests in four offshore exploration blocks in India's Krishna Godavari, Saurashtra, and Cauvery Basins and one onshore exploration block in the Assam Basin and two development licences in Nigeria.
Hardy is incorporated under the laws of the Isle of Man and headquartered in London, UK. Ordinary shares of Hardy were admitted to the Official List and the London Stock Exchange's market for listed securities effective 20 February 2008 under the symbol HDY.
The Company's Indian assets are held through the wholly owned subsidiary Hardy Exploration & Production (India) Inc, located in Chennai, India. The Company's Nigerian assets are held through wholly owned subsidiary Hardy Oil Nigeria Limited, located in Lagos, Nigeria.
For further information, please refer to our website at www.hardyoil.com