Petro Rio S.A. ADR fka HRPTY

[powerwalker]

BVE, thank you for your thoughts. One correction per the transcript on Seeking Alpha is that the Polvo drilling costs will be R$35 million per well, nor US$.

I think you are too hopeful that the 1Q CC will be any more revealing from these guys. I thought they were good at not answering the questions with any new information or insight.

They did not address the status of selling 30% to BWO, which raises the question as to whether it will happen or not. Is the daily decline in production from last year a deal breaker?

But you are right that, especially if you have been here for a while, it is not practical and too pre-mature to sell now.