On May 27, 2009, Hardy Oil and Gas announced the publication of a technical evaluation summary report, prepared by petroleum consultants Gaffney, Cline & Associates Ltd (GCA) on the resource potential of the company’s D3 and D9 exploration licenses located in the KG basin.
The technical evaluation summary report contained estimates of the ‘resource potential of the D3 and D9 blocks and not reserves or new discoveries as has been reported by certain media commentators.
Hardy Oil and Gas has subsequently met with officials of the (DGH) and Reliance Industries Limited and has submitted the technical evaluation summary report with respect to the resource potential on the D3 and D9 exploration licenses. It was agreed that all such reports in future shall be promptly submitted to DGH.
