Released: 22/12/2009

 
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RNS Number : 5332E
Hardy Oil & Gas plc
22 December 2009
 
 
For Immediate Release                                                                                          22 December
2009
Hardy Oil and Gas plc
("Hardy" or "the Company")
KGV-D3-R1 drilling update
Hardy Oil and Gas plc (LSE: HDY.L), the oil and gas exploration and production company, with assets in India and Nigeria,
is pleased to announce its third successive gas discovery in the exploration block KG-DWN-2003/1 (D3) of NELP-V. 

The D3 license, in which the Company holds a 10% participating interest and is operated by Reliance, is located in the
Krishna Godavari basin on the East Coast of India and covers an area of 
approximately 3,288km2.
The well KGV-D3-R1, the third in this block was drilled at a water depth of 1982 m and to a total measured depth of 4113 m.
The objective was to explore the Miocene deep water lobe & onlapping wedges play fairway. Three reservoir zones were
encountered at Miocene Level having gross thicknesses of 4, 23 and 16 meters. The potential of these were evaluated through
a wire-line based technology called Reservoir Characterization Instrument (RCI). The discovery namely "Dhirubhai - 44" has
been notified to Government of India and Directorate General of Hydrocarbons. The potential commerciality of the discovery
is being ascertained through more data gathering and analysis,
This discovery supplements the understanding of the petroleum systems within the block. 3D seismic has been acquired over
the entire block area. Besides the above discoveries, several other prospects have been mapped at different stratigraphic
levels.
Commenting on the well results, Yogeshwar Sharma, Chief Operating Officer of Hardy said:
"We are delighted with third successive gas discovery from our D3 exploration block. We are encouraged by the results of
this well which will certainly further improve the prospectivity of the block."
For further information please contact: 
Hardy Oil and Gas plc                  020 7471 9850
Sastry Karra
Yogeshwar Sharma
Dinesh Dattani
Arden Partners plc                       020 7614 5932
Richard Day
Buchanan Communications       020 7466 5000
Mark Edwards/Ben Willey
Notes
This update has been approved for issue by Yogeshwar Sharma, Chief Operating Officer of Hardy. Mr. Sharma is a Licenced
Professional Engineer in Alberta Canada and a Member of the Society of Petroleum Engineers.
Glossary:
Reliance     Reliance Industries Limited
D3               exploration licence KG-DWN-2003/1
RCI            Reservoir Characterisation Instrument
km2             square kilometres
m                 metres
This information is provided by RNS
The company news service from the London Stock Exchange