Hardy Oil & Gas Begins Drilling Fan A-1 Well

Hardy Oil and Gas has commenced drilling their second planned exploration well (Fan A-1) on Block CY-OS/2.

The Fan A-1 well was spudded on September 26, 2006. Results are not expected until the end of the fourth quarter 2006.

Hardy is the Operator of the CY-OS/2 block, which is located approximately 12km from the east coast of India. Hardy has a 75% equity share in the block with GAIL (India) Limited holding the remaining 25%.

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