Petro Rio S.A. ADR fka HRPTY

[DrillaHill]

Bob, PetroRio continues to target a production volume of 100.000 bbl/d for 2017.
They've made a US$500m bid for Bauna field earlier this year, but:

www.bloomberg.com/news/articles/2016-09-09/former-galp-ceo-s-startup-said-leading-bid-for-petrobras-fields

"The new explorer, PetroAtlantic, placed higher bids in February than more established competitors Karoon Gas Australia Ltd., PetroRio SA and Russian billionaire Mikhail Fridman’s LetterOne Holdings SA for the Bauna, Golfinho and Tartaruga fields. PetroAtlantic, which still doesn’t have a corporate website and wasn’t registered as an operator with Brazil’s oil regulator as of Thursday, was the only company that put an initial bid of more than $1.6 billion for all three properties, one of the people said Karoon, based in Mt. Martha, Australia, had initially only bid for the Bauna field but has since presented a counter offer that includes all three properties, the people said. PetroRio, based in Rio de Janeiro, has only shown interest in Bauna, offering about $500 million for the field in February, the people said. Bauna was the 12th-largest producing field in Brazil, according the local oil regulator data from July"
"The competitive process for the three fields is ongoing"

I liked the presentation, however there was't anything new other than the comment on August production volume:
"Daily oil productivity gains of 20% (August production stable at ~9.1 kbbl/d vs. previous estimate of 7.5kbbl/d)"

Looks like Q3 may have been another good quarter!

atb