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| Exchange Disseminated Time | With reference to the earlier annoucement dated July 17, 2009, Hindustan Oil Exploration Company Ltd (HOEC) has informed BSE that Hardy Exploration & Production (India) Inc, ("Hardy") the Operator of PY-3 Field, has inter-alia made the following announcement as part of their "Interim results for the six months ended June 30, 2009".
"Production from the PY-3 field was shutdown, on July 05, 2009, due to unscheduled repairs and maintenance of the offshore mooring facility. Adverse marine conditions have frustrated efforts of the contractor to assess and undertake necessary repairs to commence production. PY-3 production is expected to re-commence in September 2009."
The Company has noted that, the aforesaid announcement is based on the announcements made by Hardy, the Operator of PY-3 Field.
The Company has 21% non-operating participating interest in the said field. |
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