Hardy Exploration & Production (India) Inc. Information

Hardy Oil and Gas plc is an international oil and gas exploration and production company primarily focused on India. The Group has assembled an attractive portfolio of exploration, development and production assets. Ordinary shares of Hardy trade on the Main Market of the London Stock Exchange under the trading mnemonic HDY.L. Through asset acquisition, reserve optimisation and the development of strong working relationships, the Group has assembled a strategic position in the oil and gas basins on the east coast of India, and off the Saurashtra west coast near the Bombay High field. The Company was originally incorporated under the name Jehan Energy Limited in 1997 by the founders, Messrs Sastry Karra and Yogeshwar Sharma, with the purpose of developing an oil and gas exploration and production business in India that built on the expertise and relationships of the management team. Management also aimed to exploit the substantial increase in demand for energy in India which followed liberalisation measures initiated by the Government of India in 1991, principally privatisation and the opening up of the economy to foreign companies, and the subsequent increase in economic activity.