Petro Rio S.A. ADR fka HRPTY

[Northsun0]

Ogo give our intelligence a break that drilling rig HRT and it's farm in partner Gulf Oil used in Namibia was a leased rig and not theirs to sell.

The drilling rigs they sold were used in the Solimoes Basin and were part of the recently made deal with Rosneft regarding Solimoes.

There are lots of used aircraft for sale in the world at a discount so any company in the Oil and Gas business wanting to get out of the air graft business has to sell their planes at a discount.

It was HRT Participacoes em Petroleo SA IPEX unit that had a $300 lunch that got HRT very upset and was one of causes for the company to force lay offs in IPEX and forcing the unit to clamp down on expenditures which have caused the unit to loss $3 million a year.

TKM.T is down $5.10 as I type this post one of the negative effects of a tight float.