Indian blow for Hardy Oil & Gas - Financial Times

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Hardy Oil & Gas slumped 41.4 per cent to 320p after the first exploration well on the D9 block in India was abandoned.

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The news surprised the market because Reliance Industries had made a large gas discovery in a nearby block. Sylvania Resources fell 10.6 per cent to 61p after terminating its merger agreement with Finland's Rukki Group because the process was moving too slowly.

Full Story: Indian blow for Hardy Oil & Gas - Financial Times

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This page contains a single entry by Viraj published on October 25, 2009 4:02 AM.

Sensex, Nifty slip 3% this week; cap goods, oil & gas dip - Moneycontrol.com was the previous entry in this blog.

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