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If Peres and Mello were selling HRT based on advance knowledge of Moosehead drilling results, I feel that would be consider illegal insider selling.
OGO:
What a personal insulting post you have directed at me which I very much resent. OGO are you trying to make this into another SH board. I will not react in the same manner as you did to me, I just will not lower myself to your level.
I have more important things on my mind, then small minded people like you.
Sure I would like to see a higher trading price for HRT, but don't read a lot in the current share price of HRT. I have been an investor in oil stocks for a long time and I know that things can change very fast in favor of the longs.
OGO:
Give it up, that happened long ago. Time to move on. I mentioned in an earlier post I had out of town quests at the time.
With your attitude you would not be the type I would invite to stay at my place. Sorry unless you have another option you are going to have to stay at one of our many fine hotels in Vancouver.
HRT Participacoes em Petroleo's CEO Discusses Q2 2013 Results - Earnings Call Transcript, Including Questions and Answers.
http://seekingalpha.com/article/1636082-hrt-participacoes-em-petroleos-ceo-discusses-q2-2013-results-earnings-call-transcript?page=1
12th-Man:
My average share cost on a 6 figure position is $1. I am not troubled by the fact that I am currently down 60%, because I firmly believe that HRT will turn out to be a very rewarding stock.
If the paper loss I currently have with HRT kept me up at night. I should never have been in the stock market all the years I have been.
In my opinion you are fortunate to have an average share cost price of .51, there are a lot of HRT share holders wishing they were in your position.
Source rock:
In petroleum geology, source rock refers to rocks from which hydrocarbons have been generated or are capable of being generated. They form one of the necessary elements of a working petroleum system. They are organic-rich sediments that may have been deposited in a variety of environments including deep water marine, lacustrine and deltaic. Oil shale can be regarded as an organic-rich but immature source rock from which little or no oil has been generated and expelled.
Types of source rock
Source rocks are classified from the types of kerogen that they contain, which in turn governs the type of hydrocarbons that will be generated.
Type 1 source rocks are formed from algal remains deposited under anoxic conditions in deep lakes: they tend to generate waxy crude oils when submitted to thermal stress during deep burial.
Type 2 source rocks are formed from marine planktonic and bacterial remains preserved under anoxic conditions in marine environments: they produce both oil and gas when thermally cracked during deep burial.
Type 3 source rocks are formed from terrestrial plant material that has been decomposed by bacteria and fungi under oxic or sub-oxic conditions: they tend to generate mostly gas with associated light oils when thermally cracked during deep burial. Most coals and coaly shales are generally Type 3 source rocks.
Maturation and expulsion
With increasing burial by later sediments and increase in temperature, the kerogen within the rock begins to break down. This thermal degradation or cracking releases shorter chain hydrocarbons from the original large and complex molecules found in the kerogen.
The hydrocarbons generated from thermally mature source rock are first expelled, along with other pore fluids, due to the effects of internal source rock over pressuring caused by hydrocarbon generation as well as by compaction. Once released into porous and permeable carrier beds or into faults planes, oil and gas then move upwards towards the surface, an overall buoyancy driven process known as secondary migration.
Mapping source rocks in sedimentary basins
Areas underlain by thermally mature generative source rocks in a sedimentary basin are called generative basins or depressions or else hydrocarbon kitchens. Mapping those regional oil and gas generative "hydrocarbon kitchens" is feasible by integrating the existing source rock data into seismic depth maps that structurally follow the source horizon(s). It has been statistically observed at a world scale that zones of high success ratios in finding oil and gas generally correlate in most basin types (such as intracratonic or rift basins) with the mapped "generative depressions". Cases of long distance oil migration into shallow traps away from the "generative depressions" are usually found in foreland basins.
Besides pointing to zones of high petroleum potential within a sedimentary basin, subsurface mapping of a source rock's degree of thermal maturity is also the basic tool to identify and broadly delineate shale gas plays.
World class source rock
Certain source rocks are referred to as 'world class', meaning that they are not only of very high quality but are also thick and of wide geographical distribution. Examples include
Middle Devonian to lower Mississippian widespread marine anoxic oil and gas source beds in the Mid-Continent and Appalachia : (e.g. the Bakken Formation of the Williston Basin, the Antrim Shale of the Michigan Basin, the Marcellus Shale of the Appalachian Basin ).
Kimmeridge Clay – This upper Jurassic marine mudstone or its stratigraphic equivalents generated most of the oil found in the North Sea and the Norwegian Sea.
La Luna Shale – This Turonian formation generated most of the oil in Venezuela.
Late Carboniferous coals – Coals of this age generated most of the gas in the southern North Sea, the Netherlands Basin and the northwest German Basin.
Hanifa Formation – This upper Jurassic laminated carbonate-rich unit has sourced the oil in the giant Ghawar field in Saudi Arabia.
VanWilder:
Thank you for your PM and your optimism is much appreciated and needed pick me up during times like this.
OGO:
I am the same NorthSun who posts on SH who does occasionally get riled by the bashers there. I had to add a zero onto my alias before they would accept it on IH. I do not appreciate your hopefully remark that I am not one and the same.
I checked and double checked VanWilder's monthly option and it did not coincide with the information he stated with regards to private messages,only the $99.99 annual fee one did. Regardless even if it did I would not sign up for it.
Since I live on the outskirts of Vancouver I could have easily gone to the Agora Financial Symposium, except at the time I was entertaining out of town visitors at my house. If I wasn't having guests and Marcio Mello was going to be at the Symposium I would have gone.
OGO if you don't like what I post against the bashers of HRT on SH I suggest once they get the site working properly you just put me on ignore.
OGO:
I have a choice either sign up for $99.99 per year there is no monthly option in order to send private messages on IH so that you would send me a copy of your notes or take out a 2 year subscription to Bryon King's Outstanding Investments for $89.
The proper choice is obvious to me.
Call me what you want, I have a lot of money ridding on HRT either it is going to be the most rewarding stock I have invested in or the worst one. The $100 in order to sign up for IH private messages is peanuts when stacked against my very, very significant paper loss in HRT.
But I will be damn before I will pay anything to get access to your information, I have absolutely no respect for your chosen course of action or the reasons given for it. I will say no more on this matter.
GLTA
bender75:
I also agree 100% in what you said, things said in hall ways, must be considered optimistic speculative statements made by promoters in the hope that you will pass them on, and they are certainly not copy written. There has been a lot of hype about HRT, hopefully MooseHead will prove worthy of all the hype.
Ogo has just created an allure about them by the way he is willing to pass on the information.
M&P increases Namibia footprint
08 August 2013 16:16 GMT
.
French operator Maurel et Prom has increased its stake in an offshore sub-Saharan African play.
The explorer has exercised an option to increase its holding in exploration licences (PEL) 44 and 45 off Namibia to 42.5% after taking 5.5% from partner AziNam.
The move leaves both parties on 42.5% with M&P retaining operatorship of the licences which include blocks 2212B, 2313A, 2313B and 2413A.
“The exercising of this option provides further confirmation of the significant prospectivity of these blocks, particularly after the discovery of a mature Aptian marine source rock in both of the recent (Brazilian independent HRT Oil & Gas) exploration wells located adjacent to the licence area,” AziNam said.
In late July HRT threw up dust at the Murombe wildcat on Block 2212A in the Walvis basin. Murombe was drilled to a final depth of 5729 metres and just 15 kilometres west of Wingat, the company’s first dry well in ¬Namibia.
The main objective of Murombe was to test the resource potential of Barremian turbidite rocks, but wireline logs indicated poor results.
HRT also did not find commercial oil at its first Wingat-1 wildcat in Namibia but said oil shows bolstered the area's geologic potential.
The Brazilian has, since those two commercial dusters, spudded the Moosehead-1 wildcat which will target the oil potential of Barremian-aged carbonate reservoirs in hopes of finding an analog of Brazil's bounteous pre-salt.
The wildcat is on PEL 24 in the region's Orange basin and is expected to be drilled to 4100 metres over 53 days.
Despite HRT’s travails, AziNam managing director David Sturt said: “The two recent HRT wells have significantly advanced our understanding of the hydrocarbon potential of our exploration licences. We now have a proven laterally extensive mature oil source rock along the offshore margin where our exploration licences are located.
“Data collected from recent drilling demonstrates, however, that the offshore Namibian Basins contain all the ingredients of a working hydrocarbon system.”
VanWilder:
It is encouraging to see that you still have enough faith in HRT to buy more shares today.
NO GUTS, NO GLORY!!
OGO:
With HRT shares trading near 52 week lows. Any information you got out of the Agora Financial Symposium appears quite meaningless.
OGO:
That is a strange attitude to have towards your fellow posters on IH. One that you have every right to have.
Even though I have six figures invested in a six figure amount of HRT shares. I can live without the information you gathered at the Agora Financial Symposium.
Ogo if you were me I would just post my notes on IH. I will not sign up for their paid program so I can send you my email just to get access to them.
You made yourself sound like Financial News Letter writer with the teaser you put in one of your posts. But they are your notes and you certainly have the right to pass along the information contained in them anyway you like.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90732519
I too would appreciate very much if you would post your HRT Agora write up on IH. Too hell with the tards on SH.
Namibia – Transocean Marianas on the move
July 29, 2013 By Helioschariot
Posted by Allmines on iii
Looks like T Marianas may be moving off today, 10 days after Murombe RNS. Expect 4-5 days for her to arrive at the Moose-head site and another few days before spud.
Murombe was expected to take 72 days and was completed in 62 days.
This included drilling to 5729 meters which amounted to less than 42 days drilling time ie 5 days setting up prior to spud, at least 5 days where drilling stopped (5 July to 10 July) and 10 days to gather data and P&A the well.
Going at a similar pace and assuming they stick to the anticipated depth of 4,100m at Moosehead, results could be in around 7-14 September.
HRT have this rig contracted from March to December 2013 according to the latest Transocean fleet report. It will be interesting to see what happens with the additional time. Oh, and it seems, according to Transocean, that “Current contract provides for a bonus incentive opportunity not reflected in the stated current contract day rate”
After looking at the page #25 slide I also am wonder why they are not drilling deeper then 4,100m.
I talked to a representative of Agora to make sure the information I posted was up to date. I was informed that due to a conflict of business scheduling Dr. Marcio Mello will not be able to attend the Agora Financial Investment Symposium.
The promotional Agora material on the internet I posted has not been updated as yet to show he will no longer be speaking at the Symposium.
Again this year, a legend returns to Vancouver. “Hilarious,” “energetic” and “passionate” were words used to describe Dr. Marcio Mello’s top-ranked presentation. Marcio is ready to show you the latest cutting-edge oil exploration and extraction technologies, geological research, and resource investment opportunities. This Brazilian oil industry legend founded one of the largest oil field discoveries in 40 years, and now following his firm HRT’s successful IPO... hang on tight... Marcio is back!
- See more at: http://agorafinancial.com/vancouver-2013/#sthash.2ln10x6C.dpuf
It comes as no surprise to me that Gunnar Alvestad was contacted by HRT regarding his posted picture showing activity at the Murombe drilling site.
As I stated before in a previous post a tight hole policy is standard procedure for oil and resource companies, as seemingly innocent his picture seemed to be, he had to be warned of the consequences of any more revelations concerning Murombe.
Here is the complete link with comment by Gunnar Alvestad.
https://twitter.com/Gunnar_51/status/356311877560705025/photo/1
I do not place much faith in rumors, if I obtained inside information on positive drilling results I would not be telling anyone least of all posting it on a discussion board, instead I would be loading up on HRT's shares. Why say anything that may cause the shares to raise, resulting in having to pay more for the shares you are buying, only a fool would do that, or a liar with ulterior motives.
All legitimate resource companies keep a tight ship on drilling information, they may issue a PR in the event of hitting something very significant before they have completed drilling, or they may not. For one thing any good news from their drilling may affect property values in that area, in which they may be interested in adding to.
It has always been a keep your mouth shut industry, any IR statements that news will be forth coming, you can in virtually all cases be sure it is something unrelated to the current drilling taking place.
Hit the refresh button to bring it up to date.
http://www.bmfbovespa.com.br/Pregao-online/ExecutaAcaoCotRapXSL.asp?txtCodigo=HRTP3&gstrCA=&intIdiomaXsl=1
I believe this is an on time link for HRT on the BM&FBOVESPA.
http://www.bmfbovespa.com.br/Pregao-online/ExecutaAcaoCotRapXSL.asp?txtCodigo=HRTP3&gstrCA=&intIdiomaXsl=1
I couldn't resist buying some more HRT today. Even at higher prices this is still a screaming buy.
TERRIFIC!! I like seeing a big short position in HRT. Just what we need to drive the stock higher on any good news.
Putnam Investments having the confidence to take such a large position in HRT and knowing how astute they are was enough for me to add to my position today.
This is very good news that a company with the stature of Power Corp. through it's subsidiaries took such a big position in HRT in May. Power Corp. manages over 1/2 trillion $ and has been rewarding shareholders for years. We can be sure they feel HRT will also be very rewarding for their shareholders.
I Iike the odds ..
So I have been adding to my position in HRT over the last four days. It certainly has the potential to make a lot of money for those getting in at current prices. I feel I am in good company placing my bets along with TNK BP and GALP very astute people in the oil and gas business.
Smart move VanWilder who knows what HRT will trade at on Monday regardless 60 cents is a good price. In all my investment career I have found very few stocks that have the potential to give bottom feeders such huge rewards as HRT has. That is why I bought more then I normally would.
No Guts No Glory..
If someone could sell that many shares and only drop the price by 2 cents I feel that is a good sign.
Even though I am tempted to buy more at current levels, WF I like you and PDRMO have more then enough already. To be frank I have a 6 figure amount of money invested in a 6 figure amount of shares, with an average cost of $1.055 per share. It is not unsual for me to make such large bets on specs like this, you win on some and lose on others. Still tempted to buy more because I really like the odds of HRT being a big, big winner, regardless of the negative signals the market is telegraphing at the moment.
Hopefully this plays out for HRT like it did for Tanganyika Oil which was a stock that had a run up to $4.00 then fell back to 40 cents, after which it rose to $28.50 in Sept. 2008 in that month Sinopac made a $ 31.50 a share offer for the company. Which was accepted by it's share holders. This gave Sinopac properties in Syria producing 16,670 barrels of oil per day, and made a lot of money for shareholders who kept their faith in Tanganyika Oil.
No Guts No Glory...
Lukas on Lundin: The resource tycoon talks risk, reward and success in mining and energy. A good article for HRT investors to read.
http://www.resourceinvestor.com/2013/05/07/lukas-on-lundin-the-resource-tycoon-talks-risk-rew?t=mining-investments
VanWilder:
I stand corrected after rereading your web site, I see where you are coming from on the O/S of HRT.
oldsneds:
Would you give more thought to this if you convert the HRT GDS's of 113 million to ordinary shares it comes to 56.5 million because of getting 1/2 of an ordinary share of HRT for each HRTPY ( GDS )shares. The O/S of HRP is 297 million ordinary shares as stated by the IR of HRT after factoring the conversion of all the GDS shares. As stated in an email to me. I know you are making a case for all the HRT shares being look as GDS's, even so the figure of 590 million is to high because you cannot double 297 million since it includes the conversion of excisting GDS shares.
I suggest you also contact the IR of HRT for clarification.
I remember Mello stating they had about $2 in cash for each HRT share, which I found out at the time was $600 million. Making the figure posted on this web site highly suspect, and the figure of 297 million to be the correct one.
VanWilder:
What got me to contact HRT's IR was I found the figure of O/S of about 295,000,000 shares in a report on their web site contradicting your figure of 590 million shares. So I emailed HRT's IR for clarification. Which is what I got.
Thank you for your email and interest in HRT.
HRT currently has 297,447,928 outstanding ordinary shares, including the number of GDSs converted to ordinary shares.
Kind regards,
Investor Relations
Relações com Investidores
The email cannot be clearer then that, in that your figure of 590 million according to HRT's IR is wrong and the correct figure as stated by them is 297,447,928 including the number GDSs converted to ordinary shares.
If you still stand by your 590 million figure I suggest you contact HRT asking them if your figure is right after explaining how you arrive at it.
As stated by HRT's IR the No. of O/S is 297,447,928 and not 590 million as stated on this web page. So I ask the moderstor to up date the web site to reflect this.
Thank you for your email and interest in HRT.
HRT currently has 297,447,928 outstanding ordinary shares, including the number of GDSs converted to ordinary shares.
Kind regards,
Investor Relations
Relações com Investidores
e Av. Atlântica, 1130 - 10o andar
Copacabana - Rio de Janeiro - Brasil
hrt.com.br e
tel +55 (21) 2105-9700
The PR from ECO ( Atlantic ) Oil and Gas Ltd. reinforces my belief this is the time to be buying HRTPY at these bargain prices.