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Aban Offshore gains as HEPI extends contract

July 12, 2007

Aban Offshore announced today, 12 July 2007, during market hours that Hardy Exploration & Production (India) Inc (HEPI) has extended the contract for utilization of floating production unit Tahara Japan for a further period of 2 years with effect from 28 July 2007. The revenues estimated during the extended period amounts to $63.875 million, the company said.

The scrip had hit a high of Rs 3135 and a low of Rs 3083 so far during the day. It touched an all time high of Rs 3144 on 2 July 2007. It had hit a 52-week low of Rs 854.25 on 24 July 2006.

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