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well interesting I have received a letter from my Bank here in Europe mentioning me that OTC stocks will not be any more tradeable by the 2 october, the bank will not have a US depositary bank soon..
They proposed to sell my stock or find a new bank that will mantain a depositary bank in the US....
I called my second bank and they said exactly the same...
Looks to me that this technical event obliges some small shareholders from europe to dump their shares and thats why we see lately massive spreads..
The good news, after 1 October looks that all this dumping will be finished:)
Agree with you, although I believe they might manage to do better than the $17 to $20 per barrel profit after they expand production with the next wells.
Will see...
At what price of oil you see them breaking even on operations ?
Best
Orders have been very small in the last months, will be interesting to see the price reaction if some real money comes in and try to buy DWOG stock...
It' s a good start :)
Once there is no more sellers on the small free float we will each it..
Interesting...
I believe many other people looked at HRT last year but didn' t had the courage as Tanure to make the investment and restructuring..now all potential partners, PE firms, industrial are reacheble for Tanure and HRT to grow the company
Hi Drill, many thanks for the precisions..
fully agree....
Doesn t chnage much, I believe no active fund is going to come and fight with our local Tanure...
If you look at tanure, he is not afraid to fight well established brazilien families or funds..
With time he will transform this small company in an integrated oil/gas powerhouse...
The natural buyer might be Petrobras but that s a a few years from now and a much higher market cap
Drill,
I believe that all players including Tullow believe that HRT has Gas on PL22. Your analysis make sense.
Former management was so pathetic in terms of closing deals and not thinking on derisking the company assets that I m sure they had plenty of opoorunities to farm it inlcuding with Tullow but were no capable of agreeing on something.
Actually, I m happy it didn' t happen since HRT now is slowly making the right steps and its getting focused and stronger...
They can wait that interest pick again in Namibia, that Tullow drills or even convince Rosnef that it make sense to have a proper look
the best will be to see institutional money from brasil and US to come in, brasilien are coming since HRT has found brasilien backers that can move things in the country...
US funds will be good to protect shareholders
he has time and cash not like some small players...
at the end , the float will be so low ..
Most of their operating costs are covered as you mentioned....
This stock is at least a 5 bagger long term but they need to show stabilised and increase production ....
The Gas Play upside is not well appreciatedsince it's a very long term play...I expect HRT to remain partner with Rosnief since without Brasilins on board nothing happens in the country...
Also it will ensure federal government approval..
it s small sellers and no buyer land for the moment ..driving prices down...
Maybe they will need to raise some cash but I guess that main shareholers will do it and no need of market..
Well, they replaced their swiss debt facility and I bet they can use the next tranch of commitments from Rosnied or cheap debt financing from local banks....
Actually I like what they are doing, de risking, bringing cash and once they will have enough cash they will drill in Brasil and Namibia...
Hope they can increase production in the next tow years to 40000 Barrels per day and then we have a 2 B market cap...
I will have a deeper loook, agree the LT potential is very interesting..tks
many thanks ...very interesting...
They talk about:
19.6 million Bbls of Probable and Possible Reserves, estimated
future net revenue before tax (undiscounted) of $360 million (or $79
million using a 10% discount factor)
• 180.2 million barrels of 2C Contingent Resources, estimated future
net revenue before tax (undiscounted) of $5.0 billion (or $240 million using a 10% discount factor)
Using bank debt they will really increase shareholder value but is there more upside that the one mentioened regarding resources?
lets see how they progress...
the stock is clearly bottoming...since namibia is discounnted 100 %
Well I still believe that oil will be found in Namibia and I own HRT, Chariot, Panctinental and Eco...HRT is by far my largest position of the 4...
Regarding HRT , I believe that Tanure is not interested in namibia but with the help of the local gov , the russians and their friends they are going to build a very powerful and solid brasilien company...Turaround people like Tanure and Rosnief don t come for small profits...need to follow the money..
No that Discovery is out , they are going to make it happen and accelerate the process with the Russians, plus I beleive before the copa del mundo football , brasilien institutions will bring liquidity to the market making HRT a easy double from this level...long term I see 3-5 CAD
the opposite will happen..more ties and trade between BRICS
what does GS and Morgan have been offered that Discovery couldn' t get ????or it is Dicovery using the american brokerage houses...
I see GS having huge conflict of interest...Hired to do a strategic review and being a shareholder...
On more manipulation ????? Now we have Goldman and Morgan stanley...and off course Goldman was hired last year to do a strategic review of the company and propose some organic and inorganic possibilities ...
HRT will soon be a harvard business course , they need it for ethic, fiduciary responsabilities etc...
they are here for the control and LT...
well its supply and demand untill people stop selling and others coming in buying the stock is going to go south...tanure and its people don t give a sh..since they control the destiny of HRT already...
My understanding is that Brasil and Brasilien business community are willing to do a JV with Russian but not sell a future promising company on the cheap and that the russians has discovery cannot succeed without the local support...
Russians do the same so I guess they are aligned..
Don t forget that brasil is quite a protectionist country..
and I guess that no one is willing to jump before Namibian Repsol results...for speculative money long Pancontinental and HRT now makes a lot of sense..
Potential in Brasil will be made but its a long term story...in Namibia it all will depend on the succes from the next two years drills and farm outs in the industry.
We know there is oil and gas, but who is going to find it and when is the question...
At this level I see HRT has a LT restructuring play with the exponential Oil option in Namibia...
Brazil will be worth many times current market cap but in a few years..
Tanure has already the control, not sure he needs to take over and have many shareholders fighting legally...
Maybe there is some synergies with is other investments that we don't see :)
NEWS RELEASE
ACQUISITION OF MATERIAL EQUITY INTEREST
Rio de Janeiro, April 22, 2014 - HRT Participações em Petróleo S.A. (the "Company" or
"HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP), in compliance with the provisions of Article 12 of
CVM Instruction 358/02, announces that it has received, on the present date, a letter from
Morgan Stanley, through its subsidiaries, Morgan Stanley Uruguay Ltda., Caieiras Fundo de
Investimento Multimercado and Morgan Stanley Smith Barney LLC, informing that it holds a total
of 17,235,357 common shares issued by HRT, equivalent to 5.8% of the total capital stock of the
Company.
well well every one is negative but actually for LT investors it can be the moment to buy....clear controlling shareholder that will be backed up by friends who just bought the stake of Discovery...my feeling is that it will be a bresilien 100 % solution or as some mentioned Brazilien / Russian...
they have used these months to put some order in the house..there was no rush for them to show fast improvement since they wanted to get Discovery out first and cheap...they have succeed now they can move on..
I don t think we will see a takeover by Tanure, he has already the control and following Batista failures not sure the Brazilian establishment and government wants to see more people screwed and more notorious headlines in the newspapers..don t forget that they want to attract FDI in the country...although in brasil you never know..
don t worry Tanure and Discovery have the control of the company so they will elect their people...
Once the strategy is clear, institutions will enter again specially brazilien funds and will ride the next upleg..
Correct I believe that Tanure has made an agreement with Discovery and they will manage the company for the LT without taking it over...
Maybe they have changed their mind and Rosnef will accept it ...Maybe Russians are better off with a strong Bresilien Partner with local support than owning the control..
PowerWalter: tks
I found exaclty the same information...not clear at all..
Question is JG Petrochem a public or private company ?
Cannot find their homepage....
Many thanks for the information...
Does anyone know when Repsol will start and is expected to finish drilling ? at the end of November there was some information telling :
Steve Marshall
29 November 2013 08:13 GMT
Spanish explorer Repsol is being forced to postpone drilling of a keenly awaited wildcat off Namibia due to delayed delivery of a newbuild drillship that will carry out the work, according to a partner.
Cheers
agree standard diclosure and I believe that Maurel will come with the money or will lend the money to DWOG if needed but first they need to see some oprational progress during this year..
the funds took the day off to see if some selling was coming..not the case so they will have to buy at a higher price to be sure to be invested before the next positive step is announced by HRT and build their position on the cheap before taking control at the general assembly...