U K
The information below comes from the
UK Activity Report.
Hardy Oil & Gas is to raise £15m in a share placing to fund exploration programmes in India and Nigeria. 13-Feb-2006
British-Borneo Petroleum Syndicate is to acquire Hardy Oil & Gas for £294m to create a new company called British-Borneo Oil & Gas, and this could herald the start of a new phase of consolidation in the sector. 15-Sep-1998
Hardy Oil & Gas has indicated that it is keen to make acquisitions, in response to criticism from institutional investors that it has relied to heavily on organic growth. 20-Jul-1998
Hardy Oil & Gas is planning to raise £79m in a rights issue in order to help fund an expansion programme that is intended to result in a five-fold increase in output by 2003. 05-Jun-1998
Hardy Oil & Gas is said to have made a major gas discovery in the Indus basin in Pakistan, as part of a consortium headed by OMV of Austria. 05-Feb-1998
Hardy Oil & Gas is to buy a 10% interest in the East Spar gas condensate field off north-west Australia from Apache Corp for £38m. 11-Dec-1997
Hardy Oil & Gas is looking to expand its reserves through acquisition and expects to focus on the UK, Australia, India and Pakistan. 18-Sep-1997
Hardy Oil & Gas is planning a big increase in spending on exploration and production, with £80m going on exploration and development this year and the number of wells drilled rising to 17. 19-Mar-1997
Hardy Oil & Gas is acquiring a 15.5% stake in Hindustan Oil Exploration of India for £2.9m. 06-Mar-1997
Hardy Oil & Gas has sold Hardy USA to a subsidiary of Enron for £118m in order to cut borrowings, acquire new assets and expand existing interests. 16-Apr-1996
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The information above comes from the
UK Activity Report
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