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10 Jan 2013 07:00
10 January 2013
Hardy Oil and Gas plc
(LSE: HDY)
Media Reports
Hardy Oil and Gas plc ('Hardy' or 'the Company'), the oil and gas exploration and production company with assets in India, notes recent media reports regarding the Company increasing its interest in the GS-01 exploration block located offshore the west coast of India. Hardy confirms that it is in negotiations with the block operator but no agreement has been made. Any such agreement would be subject to Government of India approval. The Company will make a further announcement, if appropriate, in due course.
For further information please visit www.hardyoil.com or contact:
Hardy Oil and Gas plc | 012 2461 2900 |
Ian MacKenzie, Chief Executive Officer Richard Galvin, Treasurer & Corporate Affairs Executive | |
Arden Partners plc | 020 7614 5917 |
Richard Day | |
Tavistock Communications | 020 7920 3150 |
Simon Hudson Jeremy Carey |
NOTES TO THE EDITORS
Hardy Oil and Gas plc is an upstream oil and gas company focused on India. Its portfolio includes a blend of exploration, appraisal, 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 is the operator of an offshore oil field in India's Cauvery basin. Hardy also has interests in three offshore exploration blocks in India's Saurashtra, Cauvery, and Krishna Godavari basins.
Hardy is incorporated under the laws of the Isle of Man and headquartered in Aberdeen, 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.
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