Petro Rio S.A. ADR fka HRPTY

[powerwalker]

Translation

The businessman Nelson Tanure is working to accelerate the entry of Russian Rosneft in exploration blocks that HRT in the Solimões Basin (AM). Thus, HRT will be minority and with no obligation to bear the heavy commitments related to operation.

At the same time, plans to buy 40% stake in Maersk Polvo field (Campos Basin), where HRT owns 60% of the business.

Tanure also want to sell just the blocks in Namibia, where each hole for exploration costs 90 million dollars. (Until now there were three holes in the water literally). The box of HRT is only 200 million.
By Lauro Jardim