Released: 11/11/2009

http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20091111:RnsK3353C
                                                                                                                       .
RNS Number : 3353C  
  
Hardy Oil & Gas plc  
  
11 November 2009  
  
 
  TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES  
  
  
 
  1. Identity of the issuer or the underlying issuerof   Hardy Oil and Gas plc  
  existing shares to which voting rights areattached:                           
  
  
 
  2 Reason for the notification (please tick the appropriate box or boxes):          
                                                                X                    
  An acquisition or disposal of voting rights                                        
                                                                                     
  An acquisition or disposal of qualifying financial                                 
  instruments which may result in theacquisition of shares                           
  already issued to which voting rights are attached                                 
                                                                                     
  An acquisition or disposal of instruments with similar                             
  economic effect to qualifying financial instruments                                
                                                                                     
  An event changing the breakdown of voting rights                                   
                                                                                     
  Other (please specify):                                                            
  
  
 
  3. Full name of person(s) subject to thenotification        Aequitas Investments Limited  
  obligation:                                                                               
                                                                                            
  4. Full name of shareholder(s) (if differentfrom 3.):                                     
                                                                                            
  5. Date of the transaction and date onwhich the threshold   10 November 2009              
  is crossed orreached:                                                                     
                                                                                            
  6. Date on which issuer notified:                           10 November 2009              
                                                                                            
  7. Threshold(s) that is/are crossed orreached:              > 5%                          
                                                                                            
  
  
 
  8. Notified details:                                                                                         
  A: Voting rights attached to shares                                                                          
                                                                                                               
  Class/type of        Situation previous      Resulting situation after the triggering transaction            
  shares               to the triggering                                                                       
  if possible using    transaction                                                                             
  the ISIN CODE                                                                                                
                       Number      Number      Number       Number of voting          % of voting rights       
                       of          of          of shares    rights                                             
                       Shares      Voting                                                                      
                                   Rights                                                                      
                                               Direct       Direct       Indirect     Direct       Indirect    
                       NIL         NIL         3,928,866    3,928,866    -            5.73%                    
  GB00B09MB366        
  
  
 
  B: Qualifying Financial Instruments                                                                    
  Resulting situation after the triggering transaction                                                   
                                                                                                         
  Type of financial   Expiration   Exercise/ Conversion  Period   Number of voting          % of voting  
  instrument          date                                        rights that may be        rights       
                                                                  acquired if the                        
                                                                  instrument is                          
                                                                  exercised/ converted.                  
                                                                                                         
  N/A                                                                                                    
  
  
 
  C: Financial Instruments with similar economic effect to Qualifying Financial Instruments                                                              
  Resulting situation after the triggering transaction                                                                                                   
                                                                                                                                                         
  Type of financial   Exercise  price   Expiration  date   Exercise/             Number of voting  rights instrument  refers to   % of voting rights     
  instrument                                               Conversion  period                                                                            
  N/A                                                                                                                             Nominal     Delta      
                                                                                                                                                         
                                                                                                                                                         
  
  
 
  Total (A+B+C)                                          
                                                         
  Number of voting rights   Percentage of voting rights  
  3,928,866                 5.73%                        
  
  
 
  9. Chain of controlled undertakings through which the voting 
  rights and/or the                                            
  financial instruments are effectively held, if applicable:   
  Chase Nominees Ltd as custodian for Aequitas Investments     
  Limited                                                      
                                                               
                                                               
                                                               
                                                               
                                                               
  
  
 
  Proxy Voting:                                                      
                                                                     
  10. Name of the proxy holder:                             N/A      
                                                                     
  11. Number of voting rights proxy holder will ceaseto     N/A      
  hold:                                                              
                                                                     
  12. Date on which proxy holder will cease to holdvoting   N/A      
  rights:                                                            
                                                                     
  
  
 
This information is provided by RNS  
  
The company news service from the London Stock Exchange  
  
  END  
  
HOLBFLFFKFBXFBZ