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Our Vision

To be a profitable independent exploration and production company in India and deliver step change growth in shareholder value through the discovery of hydrocarbons. Geographic Focus Hardy was founded on the premise that India offers a unique investment case for oil and gas exploration and production companies. Large areas of underexplored basins are available for exploration. India’s New Exploration Licensing Policy (NELP) offers globally competitive fiscal terms and stability. As one of the world’s fastest growing economies, India presents growing domestic demand offering market proximity for monetisation of future hydrocarbon discoveries.

Geographic Focus
Hardy was founded on the premise that India offers a unique investment case for oil and gas exploration and production companies. Large areas of underexplored basins are available for exploration. India’s New Exploration Licensing Policy (NELP) offers globally competitive fiscal terms and stability. As one of the world’s fastest growing economies with a huge demand for energy, the market for monetisation of future hydrocarbon discoveries is easily accessible.

Knowledge and Relationships
With over 12 years of experience as an operator in India, Hardy has an experienced technical team with in-depth knowledge of India’s prospective sedimentary basins. The Company has acquired key
strategic relationships with national oil companies, local service providers, and industry peers to maintain a sustainable competitive advantage. Of note is the Company’s long standing relationship with
Reliance Industries Limited in which the companies jointly hold interests in four of Hardy’s five exploration blocks. Reliance is the largest listed company in India and has had significant exploration success to date, particularly in the Krishna Godavari Basin off the east coast of India.

Growth Through Exploration
The Company has interests in exploration blocks that offer substantial Prospective Resources potential. Hardy focuses principally on organic growth mainly in India. This is derived by de-risking its existing portfolio, maximising recovery of its producing asset and adding new exploration assets selectively (by bidding under NELP rounds and other new ventures).

Risk Mitigation
The Company endeavours to mitigate its capital exposure by maintaining lower participating interest in higher risk exploration and appraisal activities and maintaining investment in low risk production
and development blocks. The Company funds its exploration and appraisal activities through equity financing, free cash flow and farmouts. The Company presently has no long-term debt. The Company
will consider debt financing for low risk development and production projects in the future.

 

 

Hardy Oil and Gas plc © 2012