Petro Rio S.A. ADR fka HRPTY

[DrillaHill]

Linn paid $1B for 145cf/d or 1.2tcf resource-potential


See some synergies here:

HRT can produce 4,465,000 m3/d =

158 million cubic feet equivalent per day

The Solimões Basin has the largest gas reserve in the country and the second largest oil and condensate production in Brazilian onshore areas. In the region, 52 prospects and 11 discoveries with contingent resources have been mapped and certified. The prospective oil in this area is estimated at between 4 and 6 billion barrels of light oil, with the specific density between 41º and 46º API; and 10 to 20 TCF (trillion cubic feet) of gas.

I think HRT has already discovered more than 1 TCF of gas?



Linn pays $1B to acquire gas properties from BP

Read more: Linn pays $1B to acquire gas properties from BP - The Deal Pipeline (SAMPLE CONTENT: NEED AN ID?) http://www.thedeal.com/content/energy/linn-pays-1b-to-acquire-gas-properties-from-bp.php#ixzz2ki9h0Ups

www.thedeal.com/content/energy/linn-pays-1b-to-acquire-gas-properties-from-bp.php

Ellis said the properties are expected to provide 145 million cubic feet equivalent per day of liquids-rich natural gas production, have significant future drilling inventory and be immediately accretive to distributable cash flow per unit. He said Linn hedged 100% of the expected net oil and natural gas production through 2017, including a combination of swaps and puts to hedge the production volumes to preserve significant upside if commodity prices rise.

The properties are expected to produce Ebitda of $160 million in the first year. They contain proved reserves of 730 billion cubic feet equivalent of natural gas, 56% of which is proved developed producing and 73% natural gas, 23% natural gas liquids and 4% oil. They have resource potential of 1.2 trillion cubic feet equivalent. There are 750 producing wells and 12,500 net acres.


GLA