Hardy Oil and Gas plc (LSE:HDY) will look for acquisition opportunities. Hardy Oil announced that Hardy Exploration & Production (India) Inc. (HEPI) has been sold to Invenire Energy Private Ltd. for a consideration of $8.75 million. Hardy Oil Directors intend to use the Company's existing cash resources and short-term investments with the net proceeds of the cash consideration received from the HEPI sale for the purposes of acquiring or establishing a company, business or asset that operates in the resources sector or other industries should an appropriate investment opportunity present itself.