Hardy Oil & Gas Share Discussion Threads

[abcd1234] 03/11/2009 07:40

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RNS Number : 8322B
03 November 2009

Commencement of Drilling - D3


Hardy Oil and Gas plc (LSE: HDY.L), the oil and gas exploration and production
company, with assets predominantly in India, announces the commencement of the
exploration well (KGV-D3-R1) on the Company's KG-DWN-2003/1 (D3) exploration
license.
The exploratory well KGV-D3-R1 commenced drilling on 2 November 2009, with the
Transocean rig, Deepwater Expedition, in water depth of approximately 1,964 m.
The target depth of the KGV-D3-R1 well is 4,710 m MDRT to explore the
hydrocarbon potential of various Miocene age sands. This well is part of the
Companys ongoing exploration program in the Krishna Godavari Basin on the East
Coast of India and the Company expects to drill three additional exploration
wells on the block before the end of 2010.
The D3 licence is located in the Krishna Godavari Basin on the East Coast of
India, covers an area of approximately 3,288 km2 and provides for the drilling
of a minimum of six exploration wells within the first exploration phase. The
Company holds a 10 per cent participating interest in the Reliance Industries
Limited operated exploration block. The first two exploratory wells (KGV-D3-A1
and KGV-D3-B1) resulted in gas discoveries (Dhirubhai 39 and 41) and are
presently under appraisal.

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[holts] 02/11/2009 20:27

mallorca 9 - 2 Nov'09 - 08:03 - 43712 of 43998


Oh dear,

I hope you get your sell order in quickly, the whole market is going to tank today, especially this one.

85p a certainty.

Look majorca , your two predictions for today from the GKP thread , are you some sort of contrarian indicator ?

[mallorca 90] 02/11/2009 18:44

3.75 & 3.50
Closed at 2.66 having eeen as low as £2.51 at lunch. Ouch

[arab3] 02/11/2009 15:37

what price did you get in at mallorca ?

[mallorca 9] 02/11/2009 15:33

The real Mallorca here (the one in blue).

Still holding.

[wooster4] 02/11/2009 14:09

it will get there - just will it get there before gkp hits 250. close call!!!

[mallorca 90] 02/11/2009 14:04

Wooster
85p you wish

[rgolding1978] 02/11/2009 14:03

he;s sayig you can have more at £2 but you'l be getting f^%ked over again.

[northster2] 02/11/2009 13:57

He's waving at mallorca9 saying thanks for your cash

[wooster4] 02/11/2009 13:55

85pence on the cards here....mark my words!!

[fathert] 02/11/2009 13:53

is the guy in the turban waving goodbye to his cash

[rgolding1978] 02/11/2009 13:52

mallorca gives it on the GKP board.

[mallorca 90] 02/11/2009 13:49

True. I suffer the pain just like others

[mallorca 90] 02/11/2009 13:36

Price has stabilised at 2.51. Thank goodness for that. Will at at £2.40. Do not think they go as low as £2

rgolding. Did you look in a mirror?

[rgolding1978] 02/11/2009 13:33

Topinfo, no point telling him that he must be the most dimwitted useless F^kwit to grace these baords.

[rgolding1978] 02/11/2009 13:32

timber.....hope the tree lands on mallorcas head.

[mallorca 90] 02/11/2009 13:28

Will see what happens when they reach £2 as per keelingr opinion

[topinfo] 02/11/2009 13:19

Averaging down is dangerous on a stock like this as it will no doubt keep tanking and you will lose out alot more than what you already have done so far. Averaging down is just buying mores shares in a sh*t company.!!!!

[mallorca 90] 02/11/2009 13:19

Will wait until £2 then i average down.

[keelingr] 02/11/2009 13:18

steady decline towards £2.00 ineveitable here...

[mallorca 90] 02/11/2009 13:16

Why is this tanking this morning. Im in at an average of £3.65. Down £1.15 a share. Do not like that.
Anybody think I should average down?

[imperial3] 02/11/2009 13:13

When are they drilling again?

[maak128] 02/11/2009 13:12

251p hit

thought this is the point we will see floods of buying?

[frree1] 02/11/2009 10:56

Mallorcas are you both based on the island? Thinking of starting a investment club-swapping ideas over a beer or two interested?