Hardy Oil and Gas
 | |
| Company type | Public(LSE:HDY) |
|---|---|
| Industry | Energy |
| Founded | 1997 |
| Headquarters | London,UK |
Key people | Paul Mortimer,Chairman Sastry Karra,CEO |
| Revenue | $11,829.6 million (2007) |
| $(813.3) million (2007) | |
| $8,316.0 million (2007) | |
| Website | www.hardyoil.com |
Hardy Oil and Gas plcwas aBritish-basedoilandgasexploration and production business. It is now based in theIsle of Manand was a former constituent of theFTSE 250 Index.
History
[edit]The business had its origins in a company established byTrafalgar HouseasHardy Oil and Gasto exploitNorth Seaoilreserves in the 1970s.[1]
The business was restructured on merger by S. Karra and Y. Sharma in 1997 asJehan Energy Ltdto exploitoilandgasopportunities inIndia.
In 1999 British-Borneo Exploration merged with Hardy Oil and Gas. Charles Reimer became president. Due to the merger changes were made to the executive board - Alan Gaynor was CEO; Peter Hill became technical director andSteve Hollidaywas international director. Mark Adams, Will Roach, Mike Adams and Mike King were named VPs.[2]
In 1999Jehan Energy Ltdacquired theIndianinterests of the originalHardy Oil and Gasand changed its own name in 2001 toHardy Oil and Gas plc.(The non-Indianinterests were acquired byEni.)
In 2005 the Company was first listed on theAlternative Investment Marketof theLondon Stock Exchange;it has since moved to the main market.
In 2007 the Company announced a successful well test on the Oza field inNigeria.[3]
The Company was reclassified as a constituent of theFTSE SmallCap Indexon 22 December 2008, thereby dropping out of theFTSE 250 IndexandFTSE 350 Index.
The company sold off Hardy Exploration & Production (India) Inc. (HEPI) in October 2019 to Hindustan Oil Exploration Co. Ltd. (HOEC). Hardy effectively became a cash shell
Operations
[edit]The business was organised into two geographic areas:
References
[edit]- ^"Hardy Oil and Gas".Archived fromthe originalon 10 October 2008.Retrieved1 June2008.
- ^"People in Industry - World Oil Online".
- ^Hardy Oil and Gas provides activity update
