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Northsun0

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Northsun0

Re: ogopogo007 post# 4550

Saturday, 09/13/2014 6:10:09 PM

Saturday, September 13, 2014 6:10:09 PM

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That was a different situation unique to HRT due to it's cash position and the fact they were buying a producing oil property. HRT also paid the loan off before it was due. Call HRT's IR for an explanation.

011 55 21 2105-9700 and ask for Tainah.

At the moment HRT has no debts, but with it's current oil production and an increase in it's share of Polvo production when it obtains the complete ownership of the field it will be able to obtain even more financing from institutions.

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