Replies to post #5683 on Petro Rio S.A. ADR fka HRPTY

[DrillaHill]

Bob,

I believe when Petro said they sold 400k @ US$43/bbl they refer to the price of Brent. As oil from Polvo field is heavy we have to consider a price reduction of ~10% or so per barrel. But certainly Q2 is looking much better compared to Q1 and imo we're still massively undervalued considering our cash and assets.

looking forward to next results