Hardy Oil and Gas
{{Short description|British oil and gas business}}
{{Use dmy dates|date=April 2022}}
{{Infobox company
| name = Hardy Oil and Gas
| logo =Hardylogo.PNG
| logo_size =250px
| type = Public ({{lse|HDY}})
| foundation = 1997
| key_people = Paul Mortimer, Chairman
Sastry Karra, CEO
| industry = Energy
| products =
| revenue = $11,829.6 million (2007)
| operating_income = $(813.3) million (2007)
| net_income = $8,316.0 million (2007)
| num_employees =
| parent =
| subsid =
| homepage = [http://www.hardyoil.com www.hardyoil.com]
| caption =
| footnotes =
}}
Hardy Oil and Gas plc was a British-based oil and gas exploration and production business. It is now based in the Isle of Man and was a former constituent of the FTSE 250 Index.
History
The business had its origins in a company established by Trafalgar House as Hardy Oil and Gas to exploit North Sea oil reserves in the 1970s.{{Cite web |url=http://www.execdigital.co.uk/Hardy-Oil-and-Gas_3889.aspx |title=Hardy Oil and Gas |access-date=2008-06-01 |archive-url=https://web.archive.org/web/20081010134445/http://www.execdigital.co.uk/Hardy-Oil-and-Gas_3889.aspx |archive-date=2008-10-10 |url-status=dead }}
The business was restructured on merger by S. Karra and Y. Sharma in 1997 as Jehan Energy Ltd to exploit oil and gas opportunities in India.
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 and Steve Holliday was international director. Mark Adams, Will Roach, Mike Adams and Mike King were named VPs.{{cite news | title= People in Industry - World Oil Online | url=http://www.worldoil.com/January-1999-People-in-industry.html}}
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.[http://www.scandoil.com/moxie-bm2/by_province/africa/hardy-oil-gas-provides-activity-update.shtml Hardy Oil and Gas provides activity update]
The Company was reclassified as a constituent of the FTSE SmallCap Index on 22 December 2008, thereby dropping out of the FTSE 250 Index and FTSE 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
References
{{reflist}}
External links
- [http://www.hardyoil.com Official site]
{{Energy in the United Kingdom|companies}}
Category:Oil and gas companies of the United Kingdom
Category:Companies based in Aberdeen
Category:British companies established in 1997
Category:Energy companies established in 1997
Category:Non-renewable resource companies established in 1997