Hardy gets second offer for offshore India interests

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Offshore staff

LONDON – Hardy Oil and Gas has entered a second conditional share purchase agreement to sell Hardy Exploration & Production (India) to Invenire Energy Private for $3 million in cash.

Invenire submitted the offer two weeks after Hardy’s initial conditional sale agreement with Hindustan Oil Exploration Co. for $1.5 million.

Hardy decided to exit E&P operations offshore India due to continuing difficulties arising from litigation and disputes associated with the various fields and associated facilities.

07/16/2019

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