Petro Rio S.A. ADR fka HRPTY

[lockout]

-100 billion cut in exploration makes deep water explorers (Namibia) not as desirable right now. Makes Polvo at home move look bright and shiny. I wonder how negotiations for Namibia assets are going. But they are what they are. Hopefully we will not be forced in a corner there. It is still a great asset. We should hear soon?

-There are many wild cards to be played between now and 5 years from now. For the prediction on Iran to come true, it is like navigating and putting along at idle speed through shark infested waters with Iran being a shark itself. Or like driving from Texas to California with bald tires hoping not to have a flat. It could happen. Nevertheless it is a prediction on markets, but one that could fail by June.

Not an argument. Just my thoughts