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Northsun0

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Northsun0

Re: Tomas4 post# 1512

Monday, 09/09/2013 1:16:17 AM

Monday, September 09, 2013 1:16:17 AM

Post# of 5825
The companies buying the assets put up for sale by HRT needed closure of the sales hence the recent NR's regarding them.

The cost of each 3 drilling effort was estimated to be about $60 million ( statements from HRT indicate they are actually under budget ) with Galp paying about $100 million receiving 14% for their contribution a deal which I congratulate the management of HRT for making such an unheard of good deal in the industry on par with their BP/TNK billion dollar and Polvo $135 million deals in Brazil.

If we are not successful in Moosehead it is not any fault of the company's management, it is just are misfortune.

I am a long term investor in HRT and very excited about the future of the company, under it's present management.

NO GUTS, NO GLORY!!



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