Drilling Update

27 Sep 2006 11:43

Hardy Oil & Gas plc27 September 2006 For Immediate Release 27 September 2006 Hardy Oil and Gas plc ("Hardy" or "Company") Commencement of Drilling Hardy Oil and Gas plc (AiM : HDY), the oil and gas exploration and productioncompany with significant interests in India, is pleased to report thecommencement of drilling of the planned second exploration well (Fan A-1) onBlock CY-OS/2. The Fan A-1 well was spudded on 26 September 2006. Results are not expecteduntil the end of the fourth quarter 2006. Hardy is the Operator of the CY-OS/2 block, which is located approximately 12kmfrom the east coast of India. Hardy has a 75pc equity share in the block withGAIL (India) Limited holding the remaining 25pc. For further information please contact: Hardy Oil and Gas plc 020 7471 9850Sastry Karra, Chief ExecutiveYogeshwar Sharma, Managing Director Arden Partners plc 020 7398 1632Richard Day Buchanan Communications 020 7466 5000Mark EdwardsBen Willey This information is provided by RNS The company news service from the London Stock Exchange