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DrillaHill

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DrillaHill

Re: Northsun0 post# 5423

Sunday, 09/13/2015 6:02:23 AM

Sunday, September 13, 2015 6:02:23 AM

Post# of 5825
Northsun, I don't know of any deal with Rosneft other than what has been puplished that PetroRio sold all it's stake in Solimoes to them. Therefore PetroRio should receive US$27.5 million from Rosneft this month, and another US$27.5 million in May 2016.
I am also not aware of any drilling plans in Namibia, Walvis Basin, but I understand the Company continues to negotiate with the Namibian government to renew some of it's licenses. Also Marcio Mello will be a speaker at the 22nd Africa Upstream Conference (26 - 30 October 2015, South Africa), which in my opinion is a clear message that PetroRio wants to continue exploration in Namibia. Topic is: "PetroRio: Namibian Offshore Acreage, Strategy & Potential"

www.globalpacificpartners.com/events/index.cfm?fa=speaker&id=937&sid=20339

atb


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