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Petro Rio S.A. (HRTPY)

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Last Post: 1/12/2017 10:22:37 AM - Followers: 45 - Board type: Free - Posts Today: 0



These GDS WILL BE DELISTED from the TSX Venture Exchange following the close of the trading session of January 27, 2017 

A GDS holder may either instruct Deutsche Bank to deliver its GDS's underlying shares (prio3) deposited in Brazil (1 prio3 for 2 GDS) or without any instructions Deutsche Bank will sell the underlying shares in Brazil and remit the net proceeds to the former GDS holder. In order to hold or trade common shares of Petro Rio (prio3) foreign shareholders must comply with certain requirements as described below (2011 Listing application). 


"The delisting will occur in connection with the termination of the deposit agreement among the owners and holders of GDS ("GDS holders"), Deutsche Bank Trust Company Americas ("Deutsche Bank") and the Company (the "Deposit Agreement") which is anticipated to occur on January 27, 2017 (the “Termination Date”). Commencing on the Termination Date and ending on the date that is four months after the Termination Date, Deutsche Bank will, upon request from GDS holders, deliver the underlying Common Shares to such holders of GDS in accordance with the terms and conditions of the Deposit Agreement and such GDS holders’ written instructions. In the absence of written instructions from the GDS holders or their agents by the end of such four month period as to how the underlying Common Shares are to be delivered to a valid brokerage account, such Common Shares to which the former GDS holder was entitled will be sold in the market by Deutsche Bank and the net proceeds remitted to the former GDS holder. 
The Common Shares will continue to be traded on the facilities of the BM&FBovespa in Brazil and GDS holders, if they provide instructions to receive Common Shares, will be able to sell the Common Shares received upon termination of the GDS program on such exchange without restriction, save for the general application of Brazilian securities and tax laws. 
For further information, please contact the Company´s Investor Relations Department.

(Note: HRT=Petro Rio) 

"Upon surrender of Global Depositary Shares and withdrawal of the HRT Shares, foreign shareholders 
may elect to register their investment in the HRT Shares as (i) long term investments registered under 
Law No. 4,131 (“4,131 Investments”) or (ii) portfolio investments registered under the rules of 
Resolution No. 2,689/00 (“2,689 Investments”). 

In order to hold the HRT Shares as a 2,689 Investment, foreign shareholders must comply with the 
following requirements:
• appoint at least one representative in Brazil with powers to receive summons and represent the 
foreign investor before the Brazilian Central Bank, CVM and tax authorities; 
• obtain its registration as a foreign investor with CVM through its local representative; 
• obtain registration of its investment in the HRT Shares with the Brazilian Central Bank; 
• enrol itself through its local representative with the Brazilian tax authorities; 
• appoint a custodian duly authorized by the CVM to render custody services with respect to the 
HRT Shares; and 
• appoint a local broker authorized to trade at BM&FBOVESPA. 

In order to hold the HRT Shares as a 4,131 Investment, foreign shareholders shall comply with the 
following requirements:
• appoint at least one representative in Brazil with powers to receive summons and represent the 
foreign investor before tax and other governmental authorities; 
• enrol itself through its local representative with the Brazilian tax authorities; and 
• obtain registration of its investments in the HRT Shares with the Brazilian Central Bank.

PetroRio | Investor Relations
PetroRio Results Center
PetroRio Institutional Presentation

POLVO FIELD OIL PRODUCTION (Campos Basin, Brazil, PetroRio with 100% ownership, operator)

ANP - Monthly Update on Production Volume
Degolyer & MacNaughton: Evaluation Report Certification (March 23, 2016)


Ownership Breakdown (09/30/2016)

Aventti Strategic Partners LLP  3.554.391  26,9%
One Hill Capital LLC 3.027.497  23,0%
Societe Mondiale Des Energies FIA 1.700.099 12,9%
Deutsche Bank Trust Company Americas (GDS) 781.694  5,9%
Others Shareholders 4.127.066  31,3%
Total  13.190.747 100,0%


PetroRio  Charts

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#5799   marcoscsleite? i don´t believe. rzbern 01/12/17 10:22:37 AM
#5798   Drilla, as I always said for you. The rzbern 01/12/17 10:19:15 AM
#5797   Hi Drilla, viseu 01/12/17 03:07:05 AM
#5796   To Antenahum or anyone on this board: Northernway 01/11/17 06:32:22 PM
#5795   Drilla, I have enjoyed your input, and I Bob322 01/11/17 05:24:20 PM
#5794   Are U.S. OTC shares being delisted? Calloway 01/11/17 05:24:19 PM
#5793   Thanks, Drilla, and I also wish you a antenahum 01/11/17 04:19:19 PM
#5792   Due to the obstacles to trade on Bovespa DrillaHill 01/11/17 11:01:15 AM
#5791   The intention of the company is not to rzbern 01/11/17 09:54:54 AM
#5790   Update on Petro Rio Common Shares Buyback Program DrillaHill 01/11/17 02:45:15 AM
#5789   I cannot find any brokerage company to allow Northernway 01/10/17 09:16:57 PM
#5788   As I always said, game over to GDS shareholders. rzbern 01/10/17 01:51:10 PM
#5787   Thanks for sharing Northernway as I have my john1045 01/07/17 05:39:46 AM
#5786   I have some information to share about this Northernway 01/06/17 07:24:08 PM
#5785   Calloway, as far as I understand they’re all DrillaHill 01/03/17 01:48:58 PM
#5784   Are "hrtpy" shares being delisted? Calloway 01/03/17 11:26:57 AM
#5783   Brazil Chart: GDS' Underlying Shares PRIO3 up again DrillaHill 01/03/17 07:24:28 AM
#5782   I am keeping petrorio....brasoil is only the beginning...this GusGold 01/02/17 03:12:48 PM
#5781   Thanks Drilla! Happy and Prosperous New Year! john1045 01/02/17 05:54:17 AM
#5779   Update on Petro Rio Common Shares Buyback Program DrillaHill 01/02/17 05:11:16 AM
#5778   We may have had another maintenance stoppage as DrillaHill 01/02/17 04:39:37 AM
#5777   Polvo Field Production Volume November 2016: 6,880 bbl/d DrillaHill 01/02/17 04:13:45 AM
#5776   John, I continue to hold and will make DrillaHill 01/02/17 04:08:48 AM
#5775   Drilla/Bob/Gus, john1045 01/01/17 05:47:57 AM
#5774   What is your recommendation on how we should john1045 01/01/17 05:47:56 AM
#5773   Wrong your comparation US$0.18 to US3.00 when had rzbern 12/31/16 04:23:10 PM
#5772   Deutsche bank will have to obtain the best GusGold 12/31/16 04:12:30 PM
#5771   You, GDS shareholders, must elect a legal representative rzbern 12/31/16 01:16:40 PM
#5770   Bob, here's what I found on the Internet DrillaHill 12/31/16 04:02:15 AM
#5769   Drilla, thanks for the update. It looks like Bob322 12/30/16 12:09:14 PM
#5768   The GDS will be delisted from the TSX DrillaHill 12/30/16 07:20:11 AM
#5767   I'm new to this board so I'm gonna Hurrah 12/29/16 06:57:19 PM
#5766   New Fed Voters Bring Wide Range of Experience mick 12/29/16 06:52:16 PM
#5765   higher/ Petro Rio S.a. (PC) (HRTPY) mick 12/29/16 06:51:20 PM
#5764   lockout what is it? Finally seeing some small john1045 12/29/16 11:55:14 AM
#5763   Ht tip DrillaHill Bob322 john Mick lockout 12/29/16 09:42:04 AM
#5762   Drilla, what do you think about now GDS rzbern 12/28/16 06:45:01 PM
#5761   John, the GDS represent only 5% of total DrillaHill 12/28/16 04:39:51 PM
#5760   Game Over to the GDS shareholders. rzbern 12/28/16 03:37:51 PM
#5759   Drilla, how does this affect us short term john1045 12/28/16 03:31:26 PM
#5758   Thanks Drilla it is much appreciated! john1045 12/23/16 04:09:28 PM
#5757   John, numbers are only for GDS and get DrillaHill 12/23/16 08:18:49 AM
#5756   Drilla, is the current outstanding shares 1.5M correct john1045 12/23/16 07:28:34 AM
#5755   MATERIAL FACT: PURCHASE OF INTEREST IN BRASOIL (12/21/2016) DrillaHill 12/22/16 03:13:35 AM
#5754   The Pact: First Global Cut in 15 Years DrillaHill 12/10/16 09:55:39 AM
#5753   Petro Rio S.a. (PC) (HRTPY) mick 12/05/16 10:57:59 PM
#5752   Thanks Drilla. I always look forward to your comments. Bob322 12/02/16 04:44:37 PM
#5751   Renato Jerusalmi: The pipeline is full of opportunities DrillaHill 12/02/16 04:07:14 AM
#5750   Drilla, you have followed Petro Rio for a Bob322 12/01/16 02:51:32 PM