Petro Rio S.A. ADR fka HRPTY

[tompholden]

I dearly hope this "rumor" has some validity

I do feel though HRT would no matter what they find, "complete" this well to its planned depth. There is really no reason to stop short of it desired depth. HRT chose this location so it could test and analysis three potential formations. Finding OIL does not complete this exploratory goal. All drilling ahead of schedule and under budget means, is the drilling platform has had no major problems and drilling daily depths have progressed better than expected.......period.

It will be interesting to hear from HRT if there are any drilling well plan changes,ie. such as installing casing. If the well is commercial than it would likely be cased to (1) one formation level, plugged below this formation level and then plugged again above this level. The blow-out lower half is left in place for a future production rig to come over and complete it. Possibly not even this year or next year. Typical deep platforms are already leased out for a year of better in advance plus there is no means to transport the oil.