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Rzbern:
What difference does it mean saying acquired or hold? So what, the words are only meant to state the amount of shares GS and MS holds of HRT. Why would you contact the CVM because of it?
I am sorry about your negative attitude as well, because there has just been to much on this board. I feel that GS and MS are not at all interested in taking over HRT and making it a private company.
The fact that both companies hold shares in HRT I feel is a positive development for the company and it's shareholders. I hold a very significant amount of shares in HRT and have currently been buying in the market taking advantage of the low share prices. I did so again today and will probably buy more on Friday.
You got that right VanWilder, when MS and GS buy into a company as history has proven so many times in the past that stock is destined to move up. Just be patient and wait for the event to take place.
Robnhood you have been saying this for months now calling the stock a POS and moaning about it constantly on SH. Obviously it is time to relieve yourself of the pain you are experiencing and sell HRT.
I am very excited about the future of HRT under the stewardship of the current management, therefore I voted again for their suggested slate of candidates. I see absolutely no cause to do otherwise.
DrillaHill:
Glad to see you back putting on a positive outlook for HRT, this latest negativity from long time frustrated shareholders has me biding for more shares of the company today. I have been investing and making very good money in oil stocks for a long time and I do not believe HRT will be an exception.
Even now should HRT be taken out at prices VanWilder speculated on I would still make money. But that would be pocket change compared to the pay off I feel will come for shareholders if they remain patient.
Rosneft knew that prior to making the deal. There are just two blocks in question, and lots of potential in the remaining blocks.
VanWilder:
You should delete your post, I hope it doesn't give anyone ideas, shareholders would be crazy to sell out at such a low price. I still believe strongly in the potential of HRT. Go to SH and read the minutes of the latest meeting posted by robnhood. What I saw was a company that is getting it's act together to move the company forward in a positive way.
NEWS RELEASE
CHIEF TECHNICAL OFFICER POSITION CEASED TO EXIST
Rio de Janeiro, April 22, 2014 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) announces that, at the Board of Directors' Meeting held on the present date, it was resolved to cease the existence of the position of Chief Technical Officer at HRT, currently held by Mr Nilo Chagas de Azambuja Filho.
Through this resolution, from May 1st, 2014 on, the positions held by Nilo Azambuja as President of the wholly-owned subsidiary, HRT O&G Exploração e Produção de Petróleo Ltda., and the supervision of the Exploration and Production technical departments will be accumulated by the CEO of HRT, Milton Romeu Franke.
HRT hereby thanks Mr Nilo Chagas de Azambuja Filho for his important contribution in the period he honored the Company with his significant role in the implementation of HRT strategy since the Company`s establishment.
Click here for the News Release.
For additional information, please contact HRT`s Investor Relations Department.
HRT Investor Relations
Ph: +55 21 2105-9700 | Fax: +55 21 2105-9713
Av. Atlântica 1130 | 10º andar | Copacabana | Rio de Janeiro | RJ | Zip: 22021-000
email: ri@hrt.com.br | website: www.hrt.com.br/ir
IR Contacts
Eduardo Jácome
ri@hrt.com.br
Sandra Calcado
sandra.calcado@hrt.com.br
Tainah Costa
tainah.costa@hrt.com.br
GusGold:
This is IH not SH so lying about my history of involvement in HRT is unacceptable on this discussion board. I do not appreciate being smeared by your remarks and request that your post be deleted from this board. Unless you can show proof to back up your false statement, which can easily be found in the archives of SH if any such statements existed.
The truth is I first bought shares in HRT for $1.25 each and have subsequently bought additional shares bringing my average price down to .40CAD. Of course I am under water, but I am optimistic that that in time HRT will to very well for me.
Right from the beginning I have been happy about Nelson Tanures' involvement in HRT. For that reason I voted for his slate of candidates and not Rzbern. I have been steadily adding to my share position and today was no exception.
Nelson Sequeiros Rodriguez Tanure was born in 1951 in Salvador and has four children and one grandson. He graduated in Business Administration from Bahia Federal University and now lives in Rio de Janeiro where he embarked on his business career at 25 years of age, starting with a minority stake in a company specialized in engineering services for the oil industry.
He operates in the infrastructure and telecommunications sectors. As an investor and company restructuring expert, he has bought and sold over 40 companies in Brazil. Docas Investimentos SA, directed by Tanure, has incorporated and traded in oil companies, naval construction, electrical energy, electronics, real estate, agribusiness, financial markets and international telecommunications projects.
Between 1990 and 1994 he was the president of the largest shipyard in Brazil.
In 2007, Nelson Tanure entered the telecommunications sector with the acquisition of Intelig. In 2009, he negotiated the merger of Intelig with TIM Brazil, making it the 2nd largest company in the sector in Brazil, whose shares are among those with the highest profitability in the country.
In 2001, he leased the traditional Jornal do Brasil, a newspaper that has been in existence for over one hundred and twenty years. All the editions for the past twelve decades have now been scanned by Google and are available on the Internet: http://news.google.com.
In September 2010, JB became the first 100% digital newspaper in the country: http://www.jb.com.br.
Nelson Tanure participates discreetly in community and philanthropic activities. He was vice-president of the Brazilian Symphony Orchestra (OSB) in Rio de Janeiro for many years. He has been awarded tributes and honors: Citizen of Rio de Janeiro; Citizen of Manaus; the Pedro Ernesto Medal from Rio de Janeiro City Council.
Tanure is fond of classical music and opera and boasts one of the largest record collections of its kind in the country. Reading is another hobby of the businessman and his favorite author is William Shakespeare.
I wonder if this company has any connection to JG Petrochem.
http://www.jgspetrochem.com/company.html
Rzbern I got it by following your instructions but I could not get it to translate into English, I tried both Bing and Google.
Rzbern:
I clicked on the link you provided and it screwed up my computer I spend a lot of time getting rid of what came up and onto my computer. I tried again and same think happened, this time I did nothing and cancelled out of the site immediately.
I hope when you post the translated version it is not like the one you first posted, that one really comes with a lot of bad baggage.
Rzbern:
As I stated in a previous post, If I find the management of HRT has not acted in the best interest of it's shareholders due mainly to the fact I have a lot of shares of HRT making it very worth will for me. I will seek legal counsel as to the best way to rectify the situation till that time arrives "hopefully never" I will support the current management of the company.
Rzbern:
I do not buy all the paranoia you are creating about the situation in HRT. I believe the company has high potential. Because of my uncertainly about your involvement in HRT as being beneficial to the company. I will not be voting for you.
Mello did state in Vancouver when HRT GDS's were trading around $1.50, if he had the money he would buy out the company. Now that the shares are far less then that he may have followed through on that statement and bought a significant amount of the shares Discovery sold.
Because of the current negativity and uncertainty around HRT creating what I consider a buying opportunity, I have been adding to my position.
I would not toss out your recent proxy till you receive the new one, because it may only deal with the fiscal council with the addition of Rzbern. As found on HRT's website.
RBC Capital Markets
We anticipate reserves updates from DNO International and Africa Oil in Q2/14, which are likely to affect the stocks and their respective partners Genel Energy and Tullow Oil. We expect Africa
Oil, Amerisur Resources, Ophir Energy, Parex Resources, and Tullow Oil to continue to generate exploration drilling headlines, and given that we believe the market is pricing in little or nothing
for exploration, these stocks could surge on positive newsflow. Amerisur Resources should also deliver progress on the key new pipeline.
Key wells drilling
Africa Oil (AOI.V): Appraisal activity continues apace in Kenya at the Twiga South-2 appraisal well (+C$0.14/- C$0.21) on Block 13T that is currently drilling and could add ~30mmbbl of resource to the Twiga discovery. In April, we expect Africa Oil to conclude the drilling of the high-risk high-reward Sala-1 wildcat (+C$3.31/-C$0.37) on Block 9 in Kenya’s Anza Graben, and complete production tests on the peripheral El Kuran-3 well (+C$0.78/-C$0.14) in the Ogoden Basin of eastern Ethiopia.
Dundee Update
Dundee has included AOI as one of its Top Picks for the month of April. Dundee's price target for AOI is C$15.00 (about 90kr) with a BUY rating.
http://www.theglobeandmail.com/globe-investor/inside-the-market/article17858412.ece/BINARY/DundeeTopPicks040714.pdf
I have never had to pay ADR fees on HRP.
Question regarding HRT's ownership of their drilling rig:
BTG Pactual CTVM SA Thank you very much and Milton just a follow-up question please. You have an integrated drilling platform, could you give us an idea of the costs involved in the wells we drilled, I mentioned it will be lower in the regular costs.
Milton Romeu Franke:
Definitely it’s good of you to bring up this point. We believe that this platform – the sixth platform that we haven’t been accessed for that field, it is quite helpful, because the completion of the wells are dry completion – dry completion in general make operations easier with reentries in these wells. We are currently performing an intervention to restore the production of one given well, and I believe that our performance is being quite exceptional in terms of time and number of days necessary for this kind of operation to be conducted.
The platform obviously has a top drive rig, and this is a rig that drills the wells, all of the wells in the field. And we have an [indiscernible] of our cost involved. We have to update and review and service all of the rig equipment and so that we won’t to need to having stoppage during the drilling process.
The wells that we intent to drill can be drilled with this rig. Our initial estimate is that each well will cost around R$35 million, total cost of 100% to be divided by the joint venture partners. Our cost to be shared by the joint venture partners and we think that with the studies that we are conducting and we have reprocess, so all of the seismic data for the fields, and our intention is to review the prospect and perhaps drill additional wells, but we haven’t made the decision yet.
So given the fact that we have the rig that has been amortized and included in the cost of the field. Obviously, we have wells that can be drilled at a lower cost than if we needed another platform, another rig to drill. And so this is the kind of information we can disclose for now.
The management was speaking Portuguese and the translation was being done simultaneously by two ladies. I heard the name of one of the questioners and the name of the investment house he worked for followed.
Here is the written transcript of the Conference Call. In it you will find Andrew Reider of Credit Suisse Hedging-Griffo Asset Management SA asking a question.
http://seekingalpha.com/article/2118853-hrt-participacoes-em-petroleos-ceo-discusses-q4-2013-results-earnings-call-transcript?page=4&p=qanda&l=last
Written transcript of the CC call from the beginning.
http://seekingalpha.com/article/2118853-hrt-participacoes-em-petroleos-ceo-discusses-q4-2013-results-earnings-call-transcript?page=1
DrillaHill:
Why do you say "My guess is from Polvo 30% US$50MM to US$60MM" when HRT paid $135 million US for 60% it seems to me your estimate is on the low side.
What is there not to understand in my post, because what you stated is not what I said.
I was talking about one on one discussions with IR personnel not, NR's coming from the management of HRT.
In many companies IR personnel do other things other then just IR if you have more then one designated as IR, you are more able to serve does interested in getting information on the company. In the case of HRT the CFO is also accessible to the IR department. I have no problem with HRT's IR dept. I have found hem very accessible and informative.
There is a lot of need at this time for HRT to have a good accessible IR dept., to improve the image of HRT, and the company is properly addressing that need.
There was no mention of a Polvo Farmin, if there is still going to be one as previously mentioned by the company giving up half their interests in Polvo I would expect it to be higher then 50 to 60 million US dollars, since they paid 135 million US dollars for it.
I see Polvo as a cash cow that they should not at this time sell any part of.
Go to Stockhouse in order to access information on HRT 4th Quarter Earnings. To do so click on link below.
http://www.stockhouse.com/companies/bullboard/v.hrp/hrt-participacoes-em-petroleo-sa?postid=22385028
HRT ANNOUNCES ITS 4Q13 EARNINGS
Rio de Janeiro, March 28th, 2014 - HRT Participações em Petróleo S.A ("HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP.V), announces its 4Q13 earnings.
To download the Earnings Release, click here.
Conference Call and Webcast: March 31st, 2014 (Monday).
Conference Call in English Conference Call in Portuguese
10:00 a.m. (NY Time)
11:00 a.m. (Brasília Time)
Phone: +1 786 924-6977
Toll Free (USA): +1 888 700-0802
Password: HRT
Webcast: click here
11:00 a.m. (Brasília Time)
10:00 a.m. (NY Time)
Phone: +55 11 3193-1001
+55 11 2820-4001
Password: HRT
Webcast: click here
The Conference Call will be held in Portuguese with simultaneous translation into English.
The presentation will be available for download on HRT's IR website a few minutes prior to the conference call.
For further information, please contact the Investor Relations department.
About HRT
HRT Participações holds one of the largest independent oil and gas exploration and production companies in Brazil. The HRT Group comprises six main subsidiaries: IPEX (Integrated Petroleum Expertise Company Serviços em Petróleo Ltda.), HRT O&G Exploração e Produção de Petróleo Ltda., HRT Netherlands B.V., HRT África Petróleo S.A., HRT América Inc. and HRT Canada Inc.. The Company retains a 55% interest in 19 exploratory blocks in the Solimões Basin and 60% of interest in The Polvo Field, located in the southern portion of the Campos Basin. HRT also operates ten exploratory blocks off the Namibian coast: eight blocks in the Orange Sub-basin and two blocks in the Walvis Sub-basin. HRT's team includes PHDs and masters in geochemistry, geophysics, biology and engineering, most of them former employees of Petrobras and ANP (Brazil petroleum agency). HRT is committed to minimizing any possible environmental impacts in the sites where it acts. Our commitment to the local communities is towards health conditions, safety and quality of life. For more information, please visit the Company's website: www.hrt.com.br/ir
HRT Investor Relations
Phone: +55 21 2105-9700 | Fax: +55 21 2105-9713
Av. Atlântica 1130 | 10º andar | Copacabana
Rio de Janeiro | RJ | CEP 22021-000
email: ri@hrt.com.br | website: www.hrt.com.br/ir
IR Contacts
Eduardo Jácome
ri@hrt.com.br
Sandra Calcado
sandra.calcado@hrt.com.br
Tainah Costa
tainah.costa@hrt.com.br
Lundin: we do not have sold Africa Oil shares
Oil Hunter Africa Oil has gone bad on the stock exchange this year after rumours that the Lundin family have sold shares. Storägaren Lukas Lundin, however, dismiss the data and are now choosing to go out with what percentage of the company he controls.
The uncertainty about how much the Lundin family owns is because the task is missing in Africa oil's official owner's list. The oil company is Canadian and huvudnoterat on the Toronto Stock Exchange but traded on First North in Stockholm.
In Canada, an owner remain secret as long as ownership is less than 10 percent of the company.
In an interview with di.se says Lukas Lundin family owns 8.07 percent of Africa Oil and thus falls under the limit for public investments.
He also refutes the information to news agency Directly for two weeks that the Lundin group recently sold large blocks of shares in Africa Oil, but that information has come the other owners.
"It is completely wrong. I don't know where it comes from. If we sell a company, it is in a position when we sell the whole company, so that all shareholders can take part of it. it's not our thing to sell a little bit at a time. It is exactly the same as we always have done. We have done so in 20 years and I've got the same issues over the 20 years, "said Lukas Lundin.
So you do not intend to reduce your ownership as long as Africa Oil remains as an independent company? "No." Maybe if the share goes up to 500 pounds, then perhaps we are looking at it, "said Lukas Lundin, referring to that it would be a huge surge from today's price of 42 euros.
Can you imagine to publish how much you own in Africa Oil, although it is not a requirement from the stock market? "We do so much already, but still all want to know more. we follow all the rules that apply to us now and we will of course also have to follow all the rules listed on the Stockholm Stock Exchange as we move up there".
How much insight you have in Africa Oil? "I don't sit on the Board so I get the information like any other shareholder. We are major shareholders, it is clear that I'm talking strategy sometimes with Keith (Hill, Africa oil's Managing Director, reds note) ".
Do you have any insiders regarding individual drilling results and the like? "No, I have not, not in terms of the type of questions at the micro level," said Lukas Lundin.
Africa oil's share has in recent years gone like a rocket. This year, however, his luck turned. On Thursday, the company's share price had its worst day since the Africa oil's listed on First North.
Shares fell 11 percent after the announcement that the company has drilled dry in Emong 1-well in Kenya, located in the so-called Lokichar-bassägen. Fall so far in 2014 is 22 percent.
Lukas Lundin says that they have difficulties understanding course fall.
"Now, the company has made seven discoveries in line in Lokichar in Kenya. Then it is no wonder that the eighth becomes a dry drilling. It's still a good track record. This area is as large as the North Sea and Africa Oil has many holes left to drill. I don't really understand how people think when they go out of stock because of a single bad drilling. These things happen in the oil industry-it is not possible to get away from, "he says.
Olle A.g.
olle.aronsson@di.se
@OlleAronsson
RBC update:
Africa Oil (AOI.V): Share Price Weakness
Africa Oil closed down nearly 13% yesterday, at C$7.50. This share price response is in line with the markets' recent reactions to bad news from other explorers; moreover, it continues the trend of
removing "Exploration Upside" from corporate valuations. However, as with partner Tullow Oil, we see purchases at or around the company's Tangible Value as attractive, with a one- to two-year view
on project delivery. Yesterday's result at Emong-1 does not negatively impact the participants' earlier guidance that the Lokichar Basin holds 600mmbbl+, despite the prospect being labelled initially as 'Ngamia West' and billed as low risk.
We believe little is being priced in for Africa Oil's ongoing high-risk Sala-1 wildcat on Block 9 (+C$3.30/-0.37), which is due to conclude in late April; therefore investors can accumulate stock with a view that appraisal drilling on Twiga, Ngamia and Amosing should de-risk the existing accumulations, and the publication in early May of a third-party's assessment of Africa Oil's reserves and resources would help solidify asset/corporate valuations.
Source: Company reports, RBC Capital Markets estimates
Rzbern:
It is all over the current management is in you are out. There is nothing more to be said or done. I have a large amount of money invested in HRT, and want very much to see the company succeed. You are now on the sidelines looking in, I cannot see you being able to make a difference. I feel it is time you recognize this and allow the company to be viewed in a more positive light. You made your point very well and the management heard it, time to move on.
Rzbern:
Stop it already and let the new management carry on with their job of running HRT. In my opinion you do not have a leg to stand on in nullifying the election. The negative publicity you are creating is not good for the company and it's shareholders.
Added more HRT today where the volume is on the TSX. Even though I have already a very significant position in the company HRT is to compelling at current prices.
I didn't find it tough to buy shares of HRT today at current levels same as I didn't have a problem buying when the shares were selling for 15 cents.