Petro Rio S.A. ADR fka HRPTY

[dias55]

Northsun I coundn't agree with you more in regard to ANP's snail pace. But if we're talking about Rosneft buying 6% into Solimões and becoming the operator, that part has already been approved and sealed, back in early July '14.

What concerns the remaining 40% of Polvo field passing into HRT's hands, you are right, there we have to wait and wait and wait till we finnaly and hopefuly get ANP's approval (and alas there's no Russian participation in Polvo that could help a bit and speed things up..)