Option Grant

3 Jul 2007 07:02

Hardy Oil & Gas plc03 July 2007 For immediate release 03 July 2007 Hardy Oil and Gas plc. ("Hardy" or "the Company" or "Group") Grant of Options Hardy Oil and Gas plc (AIM:HDY) announces that on 02 July 2007 the Board issued the following stock options under the Company's Unapproved Share Option Scheme; Director Title Number of Share Total Number of options Options Awarded held following 02 July 2007 this notification Sastry Karra Chief Executive 400,000 1,180,700Yogeshwar Sharma Chief Operating Officer 300,000 1,080,700Dinesh Dattani Finance Director 400,000 400,000Total 1,100,000 2,660,000 The options awarded are exercisable at 431p per share, will vest over a threeyear period (one third per annum), and expire on the tenth anniversary from thedate of issue. Following this notification the total number of outstanding stockoptions, issued by the Company, is 4,627,099. For further information, please contact: Hardy Oil and Gas plc 020 7471 9850Yogeshwar Sharma, Chief Operating Officer Arden Partners plc 020 7398 1632Richard DaySteve Pearce Buchanan Communications 020 7466 5000Ben Willey This information is provided by RNS The company news service from the London Stock Exchange