[1] The business was restructured on merger by S. Karra and Y. Sharma in 1997 as Jehan Energy Ltd to exploit oil and gas opportunities in India.

Due to the merger changes were made to the executive board - Alan Gaynor was CEO; Peter Hill became technical director and Steve Holliday was international director.

[2] In 1999 Jehan Energy Ltd acquired the Indian interests of the original Hardy Oil and Gas and changed its own name in 2001 to Hardy Oil and Gas plc.

In 2007 the Company announced a successful well test on the Oza field in Nigeria.

Hardy effectively became a cash shell The business was organised into two geographic areas: