Petro Rio S.A. ADR fka HRPTY

[DrillaHill]

Northernway,

10% fluctuations are not unusual for these kind of stocks,

HRTP3 closed +/- 0% @ R$1.2
fair price for
HRTPY would be US$0.27 (1.2*0.45/2)
HRP would be CA$0.29 (1.2~0.48/2)

So yesterday the GDS were trading at a discount of 10% to 20%.
This can change as soon as we have higher demand of GDS.

Pancontinental shares in Australia were down, but not 42%,
there seems to be a very high spread between the bid and ask in US.., check PCL ASX,

Chariot O&G is planning a placing,
share price is now near placing price..

So drops have nothing to do with Namibia,
we've seen some farmins this and last year,
from Tullow, SHELL, Murphy, OMV,
and I expect more to come this year!

Next year we should see some drilling,
potential Drillers may be
Tullow, SHELL, OMV, Murphy, Chariot, PCL, EOG,...
if HRT successfully farms down PEL22 we will
see the Multi Billion Brarrel prospect Meerkat
being drilled, (potentially free carried)

GL!