Replies to post #5123 on Petro Rio S.A. ADR fka HRPTY

[WF]

Note last paragraph beginning "Petro Rio." Impressive change in leadership. Nice words. Impressive action to follow? We'll be watching.

[lockout]

Tick Tock, From news release:

As previously disclosed (by Material Fact dated February 13, 2015), the Company has retained an independent qualified reserves evaluator to prepare a geological report in compliance with the Canadian Securities Administrators' National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (the "Report"). The Report is now expected to be received on or about March 20, 2015. The Report will be used by the TSX-V as supporting documentation for the proposed transaction, and it is expected that the Report will assist investors in assessing the proposed transaction. A further news release will be issued by the Company when the Report is available, providing further details on the assets proposed to be acquired under the agreements. Investors are cautioned that, until the Report is prepared and disclosed, there may not be sufficient information about the assets so as to enable investors to make a reasonable investment decision about the transaction.
GLA