Hardy Oil and Gas
From Wikipedia, the free encyclopedia
| Hardy Oil and Gas | |
|---|---|
 |
|
| Type | Public (LSE: HDY) |
| Founded | 1997 |
| Headquarters | London, UK |
| Key people | Paul Mortimer, Chairman Sastry Karra, CEO |
| Industry | Energy |
| Revenue | $11,829.6 million (2007) |
| Operating income | $(813.3) million (2007) |
| Net income | $8,316.0 million (2007) |
| Website | www.hardyoil.com |
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.
Contents |
[edit] 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.[1]
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.[2]
[edit] Structure
The business is organised into two geographic areas:
