Hardy Oil and Gas, an oil and gas exploration and production company with assets in India, has confirmed media reports that it is in negotiations with the operator of the GS-01 exploration block located offshore the west coast of India.
In a statement the group said: "Hardy confirms that it is in negotiations with the block operator, but no agreement has been made. Any such agreement would be subject to Government of India approval. The company will make a further announcement, if appropriate, in due course."
The share price fell 0.87% to 114.25p by 14:44.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
NR
-
Is a mortgage in retirement always a bad idea?A mystery shopper exercise shows high street lenders are “shunning” retirees looking to take out a mortgage. Are they right to do so?
-
Three funds to consider as UK small caps trade at 30% discountUK small caps have been unloved for some time, but a shifting economic environment could give them a boost
