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DrillaHill

05/16/14 6:33 AM

#3635 RE: powerwalker #3634

1Q14 Results Podcast (Conference Call)

here is the Podcast from the Conference Call:
1Q14 Results Podcast

Nothing discussed or questioned about change of By-Laws,
only once more mentioned that amendments to the Company’s By-Laws
will be put for vote at the Special Shareholders Meeting

DrillaHill

05/16/14 6:49 AM

#3636 RE: powerwalker #3634

Petrobras is currently drilling in Solimoes targeting LightOil

(from the Conference Call)

Petrobras is currently drilling in SOL-193,
next to HRT's Blocks where we have gas discoveries
of ~3tcf and are in dicussions with
Rosneft, Petrobras and others to monetize them:



In 2011 Petrobras has already discovered oil in SOL-193,
but it was not disclosed if it was commercial or not:

Petrobras Finds Oil, Natural Gas in Brazil Solimoes Basin (SOL-171 & SOL-193)

, results from current Petrobras well in SOL-193
is expected within a month or so..