Hardy Oil and Gas

Infobox Company
company_name = Hardy Oil and Gas
company_logo =
company_type = Public (lse|HDY)
foundation = 1997
location = London, UK
key_people = Paul Mortimer, Chairman
Sastry Karra, CEO
industry = Energy
products =
revenue = $11,829.6 million (2007)
operating_income = $(813.3) million (2007)
net_income = $8,316.0 million (2007)
num_employees =
parent =
subsid =
homepage = [http://www.hardyoil.com www.hardyoil.com]
slogan =
footnotes =

Hardy Oil and Gas plc (lse|HDY) is a leading British-based oil and gas exploration and production business. It is headquartered in London and is a constituent of the FTSE 250 Index.

History

The business has its origins in a company established by Trafalgar House as "Hardy Oil and Gas" to exploit North Sea oil reserves in the 1970's. [ [http://www.execdigital.co.uk/Hardy-Oil-and-Gas_3889.aspx Hardy Oil and Gas] ]

The business in its present form was founded by S. Karra and Y. Sharma in 1997 as "Jehan Energy Ltd" to exploit oil and gas opportunities in India.

In 1999 "Jehan Energy Ltd" acquired the Indian interests of the original "Hardy Oil and Gas" and changed its own name in 2001 to "Hardy Oil and Gas plc". (The non-Indian interests were acquired by Eni.)

In 2005 the Company was first listed on the Alternative Investment Market of the London Stock Exchange; it has since moved to the main market.

In 2007 the Company announced a successful well test on the Oza field in Nigeria. [ [http://www.scandoil.com/moxie-bm2/by_province/africa/hardy-oil-gas-provides-activity-update.shtml Hardy Oil and Gas provides activity update] ]

Operations

The business is organised into two geographic areas:
* India
* Nigeria

References

External links

* [http://www.hardyoil.com Official site]