Petro Rio S.A. ADR fka HRPTY

[DrillaHill]

YES!! GREAT DEAL!!! GREAT SHAREPRICEBOOSTER NEWS!!!!

HRT AND ROSNEFT AGREE ON
PATH FORWARD FOR JOINT ACTIVITIES IN SOLIMÕES PROJECT,
ROSNEFT INCREASES PARTICIPATION BY 6%, TO ASSUME OPERATORSHIP
AND ACQUIRES FOUR RIGS

This deal could be worth a lot of $$$$$$$$$$$$$$$$

We know that
the four heli-transportable rigs alone have a
market value of US$ 40 million!
That is about
R$0.31/share or US$0.07/GDR! (+40% to 50%)

If we add the money for the 6% of Solimoes,
in my opinion
the whole deal could be worth about US$ 100 million.
R$0.78/share or US$0.174/GDR (+100%)

With a share price already trading below 3Q13 final cash position of US$ 136,8 million, and a market cap of only US$ 100 million,
this really is wonderful News and will have a great impact on HRT share price on monday.

Great News!
Have a nice weekend all!

GLA