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rzbern

09/14/13 7:39 AM

#1736 RE: DrillaHill #1735

This gas monetization is so important to HRT, that to have an idea, in 2012, when they announced a JV with Petrobras unit price of the share went from R$3.51 to R$6.48, with only the news Join Venture.

Mig321

09/14/13 7:40 AM

#1737 RE: DrillaHill #1735

In cases like Solimoes gas, HRT does need a partner for capital injection for two main reason:

1. Banks provide capital with gas as a collateral
2. HRT can get present value cash based on the gas contracts' future sales signed with ANP. These contracts last 10 years or so.

So there is no reason to rush to embrace any Russian or foreign company.

What HRT does need is a technical partner to share the construction and manage the running of plants. Whether it would happen to be foreigner, that is a superfluous consideration.