Hardy O&G Provides Offshore India KGV-D3-G1 Update

Hardy Oil and Gas announced that the KGV-D3-G1 well was successfully drilled to 1,625 m TVD and 20" casing was lowered and set. As planned the well has now been suspended and the re-entry operation, to explore the prospective geological horizons, is expected to commence in the second half of 2009.

The drillship Discoverer 534 has been released from the KGV-D3-G1 location after setting the 20" casing since the repair of its blow-out preventer ("BOP") could not be completed, and is expected to take at least 7 more days to complete the repair. The drillship has now returned to operations on the Reliance operated D6 block.

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