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Hardy Oil & Gas plc (HROLF) [hlAlert]

Hardy Oil and Gas plc engages in the exploration, development, and production of oil and gas properties primarily in India. The company?s principal properties include PY-3 field located off the East Coast of India; CY-OS/2 block located in the northern part of the Cauvery basin and covers approximately 859 square
kilometers (km2); the GS-01 exploration license located in the Saurashtra basin offshore Mumbai; AS-ONN-2000/1 exploration license located onshore Upper Assam; Block D9 covering 11,605 km2 in the Bay of Bengal; and Block D3 covering an area of 3,288 km2 in the Krishna Godavari basin. As of December 31, 2010, its total net proven and probable oil reserves amounted to 2.1 million stock tank barrels per day (mmbbl); total net contingent gas resources amounted to 174 billion cubic feet; and total net contingent oil resources amounted to 0.2 mmbbl. The company was founded in 1997 and is based in London, the United Kingdom.
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