Petro Rio S.A. ADR fka HRPTY

[GusGold]

Just got paid 800,000 + for my GDS shares I bought for .13 while you morons ran like rats

[GusGold]

GDS shares being sold now and PetroRio said they would help optimize the share price received by Deutche Bank...where were the MF before the stock sales were lowering the share price

[wave99]

FWIW they told me the same thing. So hopefully this thing is finally moving along!

[gds holder]

So I just spoke with Deutsche Bank in New York...FWIW...he stated that he had information that he could not make public, but did say that "things were moving and we should hear something soon," I'll believe it when I see it, but it did sound like something was happening

[veithurst]

josh4580 - Did you ever get answer to your question? I'd appreciate learning whatever you found out about HRPTY. Thank you - Mary

[gds holder]

CKSA Investments Inc. in New York

[GusGold]

it is easy to buy and sell the shares....just open account with succa camma busak

[GusGold]

db has not sold one share

[GusGold]

what is the entity in new york

[PennyStockDabbler]

It seems to be happening now.

The volume went way up in the past week or so and the price went down.

[gds holder]

Josh,

Please see my previous post which I copied below. I called both Petro Rio in Brazil and Deutsche Bank. I would recommend calling Deutsche Bank at the number below to keep them aware that we exist and keep asking them when our shares will be sold. They told me that our GDS shares have yet to be sold so we should get the current price. I have found a way to actually open an account in Brazil through an entity in New York that would allow me to sell the shares myself...the problem is that it costs 4,000 to open the account and I don't have the balls or time to do it at this moment. My fear is that although we will get the current adjusted price, Deutsche Bank will pile on all sorts of inappropriate fees.

"FYI...I just called Deutsche Bank in New York and they stated that the GDS shares have yet to be sold. They were hoping for a sale before the end of 2017 but that did not happen. He told me to keep calling back to check...212-250-9100. "

[josh4580]

Any ideas when us HRTPY holders are going to get paid out??

Last trade was for $3.86 on 1/27/17. Right now with PRIO3 at $96, the value has increase to $15 USD.

Thats a huge gap. Any idea what price per share we are going to get from DB?

[gds holder]

Gus,
How are you able to buy and sell Petro Rio on the Bovespa and what is your prediction for this company going forward. They've had a nice run recently. Thanks!

[GusGold]

Succa Camma Busak

[GusGold]

good thing they were not sold...will be $100 BR soon...getting so valuable some entity will buy DB's stash

[gds holder]

FYI...I just called Deutsche Bank in New York and they stated that the GDS shares have yet to be sold. They were hoping for a sale before the end of 2017 but that did not happen. He told me to keep calling back to check...212-250-9100.

[gds holder]

WF,
According to the termination agreement it states that Deutsche Bank would sell them in the market after the four month period and deliver the net proceeds to the former GDS holder...did that happen for you yet? I also have shares that I held on to and trying to get answers. Thanks!

[GusGold]

camma succa busak

[GusGold]

I will by anyones PetroRio shares for $5.00..no limit on the amount of shares tendered

[PennyStockDabbler]

The PRIO3 shares which backed our GDS shares were selling in the low 40s (Reais) until just before May 27; then the price went down into the mid to upper 30s and stayed there for a few weeks.

I interpreted this to mean the price going down because of the PetroRio shares held by Deutsche Bank hitting the market.

That's been over for some time and the price crept back up into the mid to upper 40s.

Has anyone gotten their money for their HRTPY or HRTP3 shares? From the looks of the PRIO3 chart, the sale of the Deutsche Bank shares may be over.

[WF]

Stupidly, I still have a few hundred shares of what was HRPTY. Is there any way for a US trader to redeem these shares? Any advice appreciated.

Thanks to all that reported the truth about Petro RIO. These jerks really took us down.

[GusGold]

I told you cretins to buy GDS when you had the chance...I am up 1,300,000

[GusGold]

you stupid idiots lost big buy not buying GDS shares

[GusGold]

Petro rio going to da moon....I told you guys to buy now that Deutche Bank will sell shares on Bovespa....I bought 500,000 worth of gdx before delisting

[Renee]

HRTPY: ADR program terminated. FINRA deleted symbol:

http://otce.finra.org/DLDeletions

[rzbern]

In a week from now, on january 27, the GDS shareholders of this company will be summarily deactivated. They will be kicked out of the company without mercy. When the company wanted to seek funds in the capital markets, these shareholders served very well. Now, are not they useful? What does the company do? Throw these out. Although many posts here always embellishing, seeking to cover the sun with the sieve, I have always been hard in the fight warning everyone about the risks embedded in this company. I hope all you get money losed here in another asset. Get the money they lost here. Its was already in the company plans. It was clear what the company would do with these shareholders when they did not allow the GDS to acquire debentures. Good luck to everyone.

[rzbern]

marcoscsleite? i don´t believe.

[rzbern]

Drilla, as I always said for you. The game is ended for the GDS.

[viseu]

Hi Drilla,
Thank you for all your posts and a great 2017 to you too!
I also decided to sell my shares as I cannot hold them. The CREST depository adopted by my UK broker does not allow for brasilian shares.

I had been in apparent worst situation with British stocks where they delisted completly. But I can hold unlisted british stocks with my stockbroker which I hold and sold after few years through a channel set up by the company. Although annoying, I did sold for a fair value after I bought them really cheap. Not this time. You win some, you lose some

I will be completly out of gas and oil sector after my Petriorio holdings are sold, as I am bearish on them for the medium/long term. Without being exaustive/boring, global debt and demographics are my main concerns.

Bye!

[Northernway]

To Antenahum or anyone on this board:

I have still not been able to find any way to hold these Brazilian shares when the GDS are eliminated.

Does anyone know where/how I can do it?

Your help is appreciated.

Thank you.

[Bob322]

Drilla, I have enjoyed your input, and I look forward to seeing your posts on Chariot. On delisting, I believe I read that the ADRs will we cashed out in Brazil for their proportionate share of the net proceeds in Brazil. I anticipate that the bank will dispose of shares in an orderly manner, which means they will be sold on the Brazil exchange in multiple tranches. On that basis, we may be a well off to wait for the net proceeds.

[PennyStockDabbler]

Are U.S. OTC shares being delisted?

They are also GDS shares but are not on TSX-V.

[antenahum]

Thanks, Drilla, and I also wish you a very happy New Year.

I'm sorry to learn that you are 'leaving us'. You've been a great source of information and sound analysis on HRT/Petrorio throughout these last few years.

I understand that you also hold shares in other companies in the oil and gas sector, so I'm here to wish you further success (and fun!) as an investor.

About the obstacles to trade on Bovespa, I'd be glad to try and be helpful in case you have any remaining questions on the matter, since I'm in Brazil and am familiar with a number of brokers.

Take care!

[DrillaHill]

Due to the obstacles to trade on Bovespa I revised my decision to continue holding my shares after the Delisting. Hard decision to me because I still consider PetroRio as massively undervalued by the market. As a consequence this is my last post on this board and I wish everyone the best of luck and once more a Happy New Year 2017!

Drilla

[rzbern]

The intention of the company is not to facilitate the life of all you GDS. Ending GDS shareholders and selling all of your shares in the bovespa market is part of the buyback plan, which aims to increase the position of current shareholders by using the company's cash to acquire shares, including the your shares, and withdraw them from the market. Meanwhile, many, unbelievably, clapping hands...

[DrillaHill]

Update on Petro Rio Common Shares Buyback Program

Petro Rio started buying back shares on Nov 21st,
5,300 common shares in November 2016,
43,600 common shares in December 2016,
total of 48,900 so far.



Buyback Program:
Common Shares Buyback Program (04/29/2016)
"PetroRio shareholders approved the proposal of implementation of a buyback program of up to 16,500,000 common shares issued by the Company (3,300,000 common shares after the conclusion of the reverse split of shares now approved) within 18 (eighteen) months, without capital reduction, to be held in treasury, cancellation and/or subsequent sale. The share buyback program, as it relates to GDSs, is subject to the approval of the TSX Venture Exchange and no GDS shall be purchased by the Company before such approval is received.
Objective:
The common shares buyback program aims to ensure that the market price of PetroRio’s shares more appropriately reflects the Company’s intrinsic value. Due to the amount in the proposed buyback program compared to the Company's cash availability history and considering the general evaluation from Management regarding PetroRio’s financial situation, it is understood that the share buyback shall not affect the compliance with creditors or the payment of mandatory dividends.
Number of outstanding shares to be acquired:
The common shares buyback program approved on this date authorizes the buyback of up to 16,500,000 common shares issued by the Company (3,300,000 common shares after the conclusion of the reverse split of shares now approved), without capital reduction.
Acquisition period:
The maximum period for the acquisition of shares approved in the buyback program is of 18 (eighteen) months as of this date, ending on November 02, 2017.
Authorized brokers:
Itaú Corretora de Valores S.A.,
XP Investimentos CCTVM S.A.,
Santander Corretora de Câmbio e Valores Mobiliários S.A.".

[Northernway]

I cannot find any brokerage company to allow me to hold Petro Rio stock.

Please post any information of any company which will allow a US Citizen in the US to hold these shares.

Your help is appreciated.

Thank you.

[rzbern]

As I always said, game over to GDS shareholders.

[john1045]

Thanks for sharing Northernway as I have my accounts with Fidelity as well. I will call them and ask them to confirm what you have found from your phone call.

I have some information to share about this delisting problem. I researched and called up Fidelity. They told me I can hold the Brazilian shares in their account and their number is 800-544-2976. I will probably call there on Monday and try to get the transfer complete.

There is one odd feature though. They said that I can hold the shares, and sell them when I want. But I cannot buy anymore shares through this account.

Does anyone else have any information or ideas on this issue?

[Northernway]

I have some information to share about this delisting problem. I researched and called up Fidelity. They told me I can hold the Brazilian shares in their account and their number is 800-544-2976. I will probably call there on Monday and try to get the transfer complete.

There is one odd feature though. They said that I can hold the shares, and sell them when I want. But I cannot buy anymore shares through this account.

Does anyone else have any information or ideas on this issue?

[DrillaHill]

Calloway, as far as I understand they’re all the same but I don’t know. I own PRJ.

[PennyStockDabbler]

Are "hrtpy" shares being delisted?

The TSX GDS shares had a different ticker symbol IIRC.

[DrillaHill]

Brazil Chart: GDS' Underlying Shares PRIO3 up again

PRIO3 Realtime Chart

[GusGold]

I am keeping petrorio....brasoil is only the beginning...this baby is an easy triple

[john1045]

Thanks Drilla! Happy and Prosperous New Year!

John, I continue to hold and will make my decision on keeping invested on Bovespa or not by the end of May (four month period after termination date which is anticipated to occur on 01/27/2017). Until then I expect some positive impact on shareprice from the Earnings Releases 4Q16 on 03/27/2017 and 1Q17 on 05/12/2017.

ATB & a Happy New Year!

[DrillaHill]

MATERIAL FACT: PURCHASE OF ADDITIONAL INTEREST IN BRASOIL
ir.petroriosa.com.br/download_arquivos.asp?id_arquivo=D7CB340A-EFF1-4B13-A29E-5DF08BE2ED53 (02/01/2017)
Rio de Janeiro, January 2nd, 2017 – PetroRio, (“Company” or “PetroRio”) (BM&FBOVESPA: PRIO3, TSX-V: PRJ), hereby informs the execution of a Share Purchase Agreement aiming to acquire an additional direct interest of approximately 29.21% held by Fundo Brascan de Petróleo, Gás e Energia – Fundo de Investimento em Participações (“FIP Brascan”) in Brasoil do Brasil Exploração Petrolífera S.A. (“Brasoil”).
The conclusion of this transaction in connection with the acquisition of the indirect participation held by Goldman Sachs & Co. (“GS”), which was announced on December 21st, 2016, will give to PetroRio a total participation in Brasoil of 52.40%.
Brasoil is a holding company, with indirect stake of 10% over the rights and obligations of the Manati Field concession contract, that, in turn, currently produces 4.1 million cubic meters of natural gas per day (approximately 26 thousand barrels of oil equivalent per day), ranking as the 8th largest producing field of natural gas in Brazil (*).
Additionally to the stake in the Manati Field, other relevant assets from Brasoil include the indirect stake of 100% in the concessions of the Pirapema Field – gas asset currently in development – and of Block FZA-M-254, both in the mouth of the Amazon River.
The closing of the sale and purchase transaction between PetroRio and FIP Brascan is subject to certain conditions precedent, among which, the approval by the investment committee of FIP Brascan and the period for exercise of the right of first offer and tag along by the remaining investors of Brasoil, additional to the analysis of the transaction by the competent regulatory bodies, as deemed necessary.
The execution of this agreement is aligned with the Company's business model and acquisition growth strategy and it represents a diversification of its portfolio of revenue generating assets.
(*) As per the October, 2016 Oil and Natural Gas Production Buletin (Boletim da Produção de Petróleo e Gás Natural) of the Brazilian Oil and Natural Gas Agency (Agência Nacional do Petróleo, Gás Naturals e Biocombustíveis – ANP).

[DrillaHill]

Update on Petro Rio Common Shares Buyback Program

Petro Rio started buying back shares on Nov 21st,
5,300 common shares in November 2016.
Expect update on December 16 acquisitions next week.



Buyback Program:
Common Shares Buyback Program (04/29/2016)
"PetroRio shareholders approved the proposal of implementation of a buyback program of up to 16,500,000 common shares issued by the Company (3,300,000 common shares after the conclusion of the reverse split of shares now approved) within 18 (eighteen) months, without capital reduction, to be held in treasury, cancellation and/or subsequent sale. The share buyback program, as it relates to GDSs, is subject to the approval of the TSX Venture Exchange and no GDS shall be purchased by the Company before such approval is received.
Objective:
The common shares buyback program aims to ensure that the market price of PetroRio’s shares more appropriately reflects the Company’s intrinsic value. Due to the amount in the proposed buyback program compared to the Company's cash availability history and considering the general evaluation from Management regarding PetroRio’s financial situation, it is understood that the share buyback shall not affect the compliance with creditors or the payment of mandatory dividends.
Number of outstanding shares to be acquired:
The common shares buyback program approved on this date authorizes the buyback of up to 16,500,000 common shares issued by the Company (3,300,000 common shares after the conclusion of the reverse split of shares now approved), without capital reduction.
Acquisition period:
The maximum period for the acquisition of shares approved in the buyback program is of 18 (eighteen) months as of this date, ending on November 02, 2017.
Authorized brokers:
Itaú Corretora de Valores S.A.,
XP Investimentos CCTVM S.A.,
Santander Corretora de Câmbio e Valores Mobiliários S.A.".

[DrillaHill]

We may have had another maintenance stoppage as we had in September..

[DrillaHill]

Polvo Field Production Volume November 2016: 6,880 bbl/d

[DrillaHill]

John, I continue to hold and will make my decision on keeping invested on Bovespa or not by the end of May (four month period after termination date which is anticipated to occur on 01/27/2017). Until then I expect some positive impact on shareprice from the Earnings Releases 4Q16 on 03/27/2017 and 1Q17 on 05/12/2017.

ATB & a Happy New Year!