Hardy plots expansion

Companies: HDY

25/09/2006

Hardy Oil & Gas has increased interim profits 50 per cent to £3.2 million and is looking for exploration and acquisition opportunities.

Mid-year cash at AIM-quoted Hardy was up 60 per cent to £28.5 million after a £14.7 million funding at 283p. Focused on Indian and Nigerian projects, the company increased mid-year cash reserves 60 per cent to £28.5 million. Hardy, which works on a $50-a-barrel assumed oil price, intends to increase production 30 per cent to 8,000 barrels a day by the end of 2007 and at a depressed 276p could outperform some of its peers.

Robert Tyerman

Related Articles:
Namibia boost for Tower	15/05/2008
Sunrise forges Japanese link	14/05/2008
Oakdene taps the market	09/05/2008
Lamprell wins Mid East contracts	06/05/2008
Italian cheer for Mediterranean	02/05/2008
People who read this article also read ...
Exciting times ahead for Hardy Oil and Gas	03/03/2008
Finds cheer Hardy Oil	24/09/2007
Dwyka moots new expansion	06/09/2007
Hardman in the frame	25/09/2006
Norway beckons Faroe	11/09/2006

Add to company folder | Email a friend | Print

Hardy Oil & Gas	LSE	£127.71m	205.00p	-14.25p
Click here for interactive charting
Other company articles:
Hardy still going for growth			26/08/2008
Spice up your portfolio			01/07/2008
Exploration Insights by Robert Tyerman			02/06/2008
Directors’ Dealings			28/04/2008
Hardy Oil looks ahead			10/04/2008

Sponsored Listings

Looking for Business Finance? Choose from a variety of the UK's favourite business finance specialists. Great deals.

Business Finance Looking for Business Finance? Click here to shop and compare online.

Business Finance Pick From Leading Business Finance Specialists.