Hardy Oil and Gas provides operational update

Hardy Oil and Gas plc, an international oil and gas exploration and production company primarily focused in India with some development interests in Nigeria, has started spudding the exploration well GS01-M1 in the GS-OSN-2000/1 (GS-01) exploration licence in India.

The company also reports the adoption of an appraisal programme for the GS01-B1 discovery (Dhirubhai-33).

The explorer is drilling the well GS01-M1at a water depth of 82 m with the semi-submersible drilling rig Actinia. The well is targeted to drill to 4,326 m TVDRT to explore the hydrocarbon prospectivity of Oligocene reefal carbonates and Eocene platform build-up carbonate bodies.

The GS01-M1 well is the fourth exploration well on the GS-01 block and is located within an area covered by 3D seismic data that was acquired in the first quarter of 2008.

Sastry Karra, Chief Executive of Hardy, said the appraisal programme on GS-01 is designed to further define the resource and reserve potential on the block, and to determine the commercial feasibility of the Dhirubhai-33 discovery.