WF, you make several good points regarding the coup in April and its impact. Overall, on the non-operating field side, this was not a highly competent or professional group, probably due to MM's oversized ego overwhelming many of them (remember each one had a job due to him). The new executives are now bringing those abilities to HRT with new folks who are not beholding to MM.
Under their watchful eye, I think they will bring Polvo and Amazon gas deals to successful conclusions. [Under MM, one or both might not have happened.] The hedgies, however, are in this for Namibia and the chance of a 50-100 bagger.
If HRT were to be only a Brazilian play with, they probably want to be elsewhere. So, the best chance to obtain a profit on their investments is to package the Brazilian assets and sell should Namibia come up dry. The sell concept is probably one of the contingencies (along with securing funding for the drilling program in Namibia) that is on Mr. O'Brien's project list.
With the completion of the Brazil deals, the realized SP should be much higher than it is now.
