This 11,850 square kilometer block is located in the highly prospective KG basin off the eastern coast of India. Hardy holds a 10% interest in the block with Reliance Industries Limited holding 90%.
In Block D3 an extensive 3D acquisition program was initiated at the beginning of the year. Phase I of a two phase acquisition program has been completed with processing of the data expected to continue into 2008. Phase II of the seismic acquisition program is expected to start in the third quarter of 2008.
Approximately 300 square kilometers of the block is covered by previously acquired 3D seismic and several leads on the block are being assessed. We anticipate that, upon completion of processing and interpretation of the Phase I, 3D seismic program, drilling of a well may commence in the later part of 2008.
The 3,288 square kilometer block is Hardy's second block within the KG basin, holding a 10% interest, with Reliance holding a 90% interest.
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