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Aban Aban Offshore Limited 2D/3D two dimensional/three dimensional
AGM Annual General Meeting API American Petroleum Institute
Board the Board of Directors of Hardy Oil and Gas plc bbld barrels per day
Company Hardy Oil and Gas plc bbls barrels of oil
CSR Corporate Social Responsibility boepd barrels of oil equivalent per day
CY Cauvery Basin bopd barrels of oil per day
DGH Directorate General of Hydrocarbons (India) bscf billion standard cubic feet of gas
GAIL GAIL India Limited bwpd barrels of water per day
GOI Government of India degree API American Petroleum Institute units as a measure of oil specific gravity
Group Hardy Oil and Gas plc and subsidiaries DST drill-stem-test
GS Gaurashtra Basin E&P exploration and production
Hardy the Company and/or its subsidiaries as appropriate EOR enhanced oil recovery
HCW Horwath Clark Whitehill LLP FDP Field Development Plan
HEPI Hardy Exploration & Production (India) Inc FPU floating production unit
HOEC Hindustan Oil Exploration Company Limited FSO floating storage and offloading unit
HSE Health, Safety and Environment Km2 square kilometres
IOC Indian Oil Corporation and/or its subsidiaries as appropriate LTA lost time accident
IPO Initial Public Offering LWD logging while drilling
JOA Joint Operating Agreement m metres
JV joint venture Mbbls thousand barrels of oil
KG Krishna Godavari MDT Modular Dynamic Tool
LCIA London Court of International Arbitration MMbbls million barrels of oil
MC Management Committee MMBOE million barrels of oil equivalent (conversion ratio of 8:1)
NELP II 2nd New Exploration Licensing Policy MMscfd million standard cubic feet of gas per day
NELP III 3rd New Exploration Licensing Policy OSV offshore vehicle
NELP V 5th New Exploration Licensing Policy Phase III drilling of two wells: one for production and the other water injection
NELP VI 6th New Exploration Licensing Policy PSC production sharing contract
OC Operating Committee STOIIP stock tank oil initially in place
ONGC Oil and Natural Gas Corporation Ltd and/or its subsidiaries as appropriate TD total depth
PEL Petroleum Exploration Licence
RIL Reliance Industries Ltd ACCOUNTING
EPS earnings per share
TPL Tata Petrodyne Limited m millions
UK United Kingdom Rs Indian Rupees
SORP Statement of Recommended Practice
$/US dollars United States dollars unless otherwise indicated

Hardy Oil and Gas plc 2012