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."
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
-
Review: Eden Roc Cap Cana – fun, sun and golf in the CaribbeanTravel Eden Roc Cap Cana in the Dominican Republic offers everything from relaxing by the pool to a world-class golf course
-
Reeves delays cash ISA reform, but savers are not out of the woods yetThe chancellor has reportedly delayed plans to cut the cash ISA limit, which were set to be announced at Mansion House on 15 July, and will take more time to consult with the industry
