News & Comment
Despite one dry exploratory well, Hardy Oil & Gas sees strong output expansion after lifting interim profits 230 per cent.
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Discoveries in the Krishna Godavari Basin, and elsewhere offshore India, encourage Hardy Oil and Gas, despite a 2007 operating loss.
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New LSE entrant Hardy Oil and Gas faces a potentially transforming year of drilling on its offshore Indian wells.
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Despite falling interim sales and profits, Hardy Oil & Gas is bullish after two discoveries in India.
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Hardy Oil & Gas has increased interim profits 50 per cent to £3.2 million and is looking for exploration and acquisition opportunities.
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India-focused Hardy Oil & Gas is expanding on the sub-continent and eyeing Nigeria after lifting interim profits 70 per cent.
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Recommendations
Hardy Oil and Gas, one of the star-performing resource groups on AIM for the past three years, is still riding high on offshore Indian and Nigerian prospects now that it has transferred its shares to the Full List.
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