Hardy Oil & Gas Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:HDY.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9570746
Read more: http://www.oilvoice.com/n/FoxDavies_Daily_Monitor_Cove_Energy_JKX_and_Hardy_Oil/a595ffc1bacb.aspx#ixzz1swOUFI2x By Teadrinker ]]> http://www.iii.co.uk/investment/detail?code=cotn:HDY.L&display=discussion&id=9570746&action=detail Tue, 24 Apr 2012 07:31:00 GMT Teadrinker tag:iii.co.uk,2003:tst.9412272 http://www.iii.co.uk/investment/detail?code=cotn:HDY.L&display=discussion&id=9412272&action=detail Sat, 10 Mar 2012 08:24:00 GMT totogooner tag:iii.co.uk,2003:tst.9410976 The Oil Monitor Fox-Davies Capital
http://bit.ly/y62Epk By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:HDY.L&display=discussion&id=9410976&action=detail Fri, 09 Mar 2012 16:14:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9400251 07 March 2012
http://bit.ly/xEWSlF
RESULTS: Hardy Oil and Gas has undertaken a major strategy review following wholesale board changes By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:HDY.L&display=discussion&id=9400251&action=detail Wed, 07 Mar 2012 20:59:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9395374 Wednesday, March 07, 2012
http://bit.ly/w9MQl3 By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:HDY.L&display=discussion&id=9395374&action=detail Wed, 07 Mar 2012 08:01:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9395339 http://bit.ly/xkjTPQ By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:HDY.L&display=discussion&id=9395339&action=detail Wed, 07 Mar 2012 07:58:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9264665 Oil rallies on inventories data, euro zone optimism
http://bit.ly/ybxe35 By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:HDY.L&display=discussion&id=9264665&action=detail Wed, 08 Feb 2012 14:45:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9034363 3:34 pm by Sergei Balashov
http://www.proactiveinvestors.co.uk/companies/news/36534

Oil prices were lifted by a combination of optimism that Europe is inching closer to resolving its debt problems and concerns that Iranian oil supplies will be taken off the market due to further sanctions against the Middle Eastern country.

Today’s highly anticipated meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy resulted in an agreement to ask the European Union to adopt a new treaty to tighten fiscal discipline within the euro zone.

The proposals that will be outlined in a letter to president of the European Council Herman Van Rompuy on Wednesday include sanctions on governments that fail to keep their deficits within certain levels.

The plan agreed on by Germany and France, the euro zone’s largest economies and main contributors to aid packages for struggling countries, will be reviewed at the upcoming EU summit, which will take place on Thursday and Friday in Brussels.

It has also been reported that if such an agreement is passed and a fiscal union is established in Europe, the European Central Bank (ECB) could launch a large scale bond buying programme to stabilise yields on euro zone bonds.

Meanwhile, the US has asked South Korea, which is a major imported of Iranian crude oil, to join it in imposing further sanctions on Iran.

France has previously called the EU to stop buying oil from the country, which the latest report from the International Atomic Energy Agency (IAEA) said may be developing a nuclear weapon. Iran insists that its nuclear programme is peaceful and it does not intend to develop a bomb.

US light, sweet crude for January delivery, currently the most actively traded contract on the New York Mercantile Exchange (NYMEX), rallied US$1.08 to US$102.04/barrel in morning trade in New York.

January Brent crude rose US$1.10 to trade at US$111.16/barrel on the ICE Exchange this afternoon.

Today’s top risers in the oil and gas sector were:

Nostra Terra Oil & Gas (LON:NTOG), up 17.5 percent at 0.469 pence at midday

Woburn Energy (LON:WBN), up 7.5 percent at 1.75 pence

Hardy Oil & Gas (LON:HDY), up 7.5 percent at 149.5 pence

Forum Energy (LON:FEP), up 6 percent at 60 pence at midday By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:HDY.L&display=discussion&id=9034363&action=detail Mon, 05 Dec 2011 15:44:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8933969 http://oilbarrel.com/media/pub/var/release_downloadable_file/34114.pdf

Dr Zac Phillips, Analyst +44 20 7444 0678
zac.phillips@religare.com
Neeraj Paliwal, Analyst +91 22 6766 3473
neeraj.paliwal@religare.com
Valuation & Recommendation
Share Price 150 p
12 month target 245 p
Previous target 245 p
Rating Buy
Previous Buy
% Upside / (Downside) 63.3%
+ Dividend yield 0.0%
Total return 63.3%
Company data
Market AIM
Market cap (£ mn / US$ mn) 10,914 / 175
EV (£ mn / US$ mn) 10,856 / 174
Shares in issue (mn) 73
Free float (%) 83
3-month average daily value (£ mn) 0.12
52 Week high / low (p) 241 / 140
Share Price
100.0
225.0
350.0
475.0
600.0
Nov-08 May-09 Nov-09 May-10 Nov-10 May-11 Nov-11
(p) HARDY OIL & GAS PLC FTSE AIM ALL Share
8 November 2011
Share Price Performance
1 month 3 month 12 month
Absolute 2.9 (23.2) (20.2)
Relative* (1.2) (18.7) (6.6)
* Relative to FTSE AIM ALL Share
This report has been prepared by Religare Capital Markets
Limited or one of its affiliates. If the analyst who authored
the report is based in the United Kingdom, then the report
has been prepared by Religare Capital Markets Plc. For
analyst certification and other important disclosures, please
refer to the Disclosure and Disclaimer section at the end of
this report.
Analysts employed by non-US affiliates are not registered with
FINRA regulation and may not be subject to FINRA/NYSE
restrictions on communications with covered companies, public
appearances, and trading securities held by a research analyst
account.
Company Report 8 November 2011
Energy UK listed
Financial highlights
Year End: 31 Dec FY09A FY10A FY11E FY12E FY13E
Revenue (US$ mn) 8 13 12 19 45
EBITDA (US$ mn) (7) 4 5 8 18
Net Profit (adj) (US$ mn) (6) 4 2 6 9
EPS (adj) (US$) (0.10) 0.06 0.03 0.09 0.13
EV/Sales (x) 12.61 6.88 13.95 9.61 3.76
EV/EBITDA (x) n.m. 21.2 38.7 23.1 9.5
P/E (x) n.m. 23.0 72.0 28.2 18.6
P/BV(x) 0.7 0.6 1.0 1.0 0.9
Net Debt/Equity (x) n.a. n.a. n.a. 0.1 n.a.
RoE (%) (4.0) 2.5 1.4 3.6 5.2
ROCE (post-tax) (%) 0.0 0.0 0.0 0.0 0.0
H By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:HDY.L&display=discussion&id=8933969&action=detail Thu, 10 Nov 2011 15:03:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8925928 Last updated at 10:46 PM on 8th November 2011

Hardy Oil & Gas put on 7p to 157p after Zac Phillips at broker Religare reiterated his buy recommendation and 245p target price following an upbeat trading statement.
The approval for three well discoveries (Dhirubhai 39, 41 and 52) is imminent and will lead to the production of the field development plan, which will precipitate a reclassification of the resources into reserves, which will be a major positive to valuation.


Read more: http://www.thisismoney.co.uk/money/markets/article-2059072/MARKET-REPORT-Gulf-Keystone-crude-health-shares-climb-7-cent.html#ixzz1d9pya7Hn By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:HDY.L&display=discussion&id=8925928&action=detail Tue, 08 Nov 2011 22:01:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8749800 http://www.iii.co.uk/investment/detail?code=cotn:HDY.L&display=discussion&id=8749800&action=detail Thu, 15 Sep 2011 10:23:00 GMT Exploring2 tag:iii.co.uk,2003:tst.8696991 August 30, 2011
http://bit.ly/qqeGn3

Hardy Oil & Gas, is an LSE main board listed group that is a full cycle E & P with production, development and exploration assets now focused entirely on India.
Its interim report for the six months ending June 30 2011 starts at what you might call the beginning of the chain with details of its production.
Hardy holds 18 per cent of the PY-3 field in southern India. In the first half of 2011 this participating interest yielded an average 615 bopd (H1 2010:532 bopd) (gross, 3417 bopd, H1 2010 2,953 bopd). Average gross daily for the month of July was 3,112 bopd. This meant that revenues increased by to US$7.4 million (H12010: US$5.5 million)from the increased production.
It seems that there will be a temporary shut down of the Tahara Floating Production Unit on PY-3 until September, pending the approval to award a long term contract for the lease of the FPS currently utilised in the field. Hardy will then, subject to obtaining the necessary approvals, participate in the expansion development of PY-3 that will involve drilling two development wells with an expected net cost to the company of US$20 million. This project could increase the field’s gross daily production to about 5,800 bopd (2P production profile) in the second half of 2012 or approximately 1000 bopd net to the company.
Nice though it may to have this increased cash flow coming through in the second half of 2012. It could turn out to be, as we have said in the past, small beer compared to what could ultimately result from Hardy’s involvement elsewhere in India, particularly in the high impact, huge deepwater exploration fields Krishna Godavari (KG) basin offshore eastern India
Hardy has 10 per cent interests in Blocks D3 and D9 in the KG basin where Reliance, the massive home furnishings to natural resources conglomerate is the operator. Ten per cent might not seem like a large stake but it is could be 10 per cent of an awful lot of gas.
Reliance is also the operator of the D6 block in the KG basin and this has already turned out to be a world class multi-tcf field which is expected to produce 80 million cubic feet of gas a day, a large chunk of India’s total output.
The real point of interest in interim report is that it announced that the
KGD9-A2 exploration well drilled in the first half of 2011 on Block D9 was a successful find. The well, renamed the Dhirubhai-54 discovery, encountered gas across 22 metres of gross pay over three sand reservoirs. It was drilled to 4,881 metres in 2,700 water depth. The Hardy management was delighted by the find because it followed two dusters on the Block and importantly demonstrated the proven Miocene fairway established in Block D6 extends into Block D9.
The D9 discovery follows four successful wells on Block D3 including the Dhirubhai 39, 41 and 52 gas finds. Hardy has submitted a proposal for a declaration of commerciality for these three wells. At some point the company will require funding for the development of Block D3 and it has been suggested that this could come primarily from senior debt providers. But the timing is uncertain. In the meanwhile as broker FoxDavies says the company has a cash position which is sufficient to meet its capital expenditure obligations for the remainder of this year and 2012. The plan is to drill one exploration well on the D9 block by the end of this year and one well on the D3 block by the end of first half 2012. Fox Davies reckons the costs of these wells net to the company to be in the region of US$4 to US$5 million each. It is possible the fourth well on D9 will be either B1 or B2, with estimated prospective resources (gross-best estimate) of 6.3 trillion cubic feet (tcf) and 2.8 tcf respectively in the Lower Miocene.
The prospectivity of the KG Basin has been highlighted by the BP/Reliance dea By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:HDY.L&display=discussion&id=8696991&action=detail Tue, 30 Aug 2011 15:11:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8683078 24/08/2011 Robert Tyerman
http://www.growthcompany.co.uk/news/1650043/interim-turnaround-at-hardy-oil.thtml


India-focused Hardy Oil and Gas (HDY) turned a $981,000 (£613,000) loss in the first half-year into $710,000 pre-tax profits.

The fully listed company benefited from rising prices in the six months to June, converting an 18 per cent daily overall production fall to 438 net stock tank barrels into a 35 per cent revenue increase to $7.4 million.

Hardy reports progress with several of its key assets.This includes the first natural gas discovery in the D9 block of the Krishna Godavari Basin and a farm-in deal with BP.

At 200p, barely a quarter of their price in 2008, Hardy shares are beginning to find friends again.

Tags: BP, Full list, India, Oil and gas

Sector: Oil & Gas Producers

Companies: Hardy Oil & Gas By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:HDY.L&display=discussion&id=8683078&action=detail Wed, 24 Aug 2011 16:45:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8680860 http://bit.ly/nN9X39

Hardy Oil (LON:HDY) and Gas plc (BUY Target Price 250p) (HDY, 187p, ► 0.0%) reported its Interim Results for the six months ended 30 June 2011. Financial highlights: Revenue increased by 35% to $7.4 million (H1 2010: $5.5 million); Cash flow from continuing operations (before changes in non-cash working capital) increased to $2.5 million (H1 2010: $0.7 million); Profit from continuing operations amounted to $0.4 million (H1 2010: loss of $0.9 million); Capital expenditures amounted to $4.2 million, principally on the drilling of the KG-D9-A2 exploration well; and cash and short term investments at 30 June 2011 amounted to $37.1 million; the Company has no long term debt. Operational highlights: PY-3 daily production (net to Hardy) in the first half of 2011 averaged 615 bopd; The PY-3 field has been temporarily shut-in from 30 July 2011 pending approval to award a long term contract for the lease of the FPS currently utilised in the field; On 22 June 2011 the Company announced the D9 block's first natural gas discovery in the KG-D9-A2 exploration well (Dhirubhai 54); A proposal for the declaration of commerciality for the D3 Dhirubhai 39, 41 and 52 natural gas discoveries was submitted. Outlook: Drill one D9 exploration well by the end of 2011, completing the minimum work commitment on the D9 exploration licence; Drill one D3 exploration well by the end of the first half of 2012; Approval of commerciality for the GS-01 Dhirubhai 33 natural gas discovery is expected in the near future; and recommencement of PY-3 production pending receipt of necessary approvals. By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:HDY.L&display=discussion&id=8680860&action=detail Wed, 24 Aug 2011 07:37:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8605864 http://bit.ly/p3QfqG

Hardy Oil (LON:HDY) and Gas plc (BUY, £2.50) (HDY, 223.50p, ▼ 1.97%) announced that on 30 July 2011 the PY-3 field was shut-in. The PY-3 oil field has been temporarily shut-in pending Management Committee approval of the award of a contract for the field's floating production system (FPS). We are working closely with all stake-holders to secure the necessary approvals and recommence production as soon as possible. Hardy is the operator of the PY-3 field and holds an 18% participating interest. By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:HDY.L&display=discussion&id=8605864&action=detail Wed, 03 Aug 2011 07:19:00 GMT SpikeyDT