Replies to post #1772 on Petro Rio S.A. ADR fka HRPTY

[Tomas4]

Percentage of Namibia drilling

I would agree with both of YOU>......I would think a 50% split but and I do say BUT after the partnering farm out partner covers the drill. That way it actually turns out to be more like 65% to 35%. I honestly could not see a better deal since the drill is basically free for HRT with the only exception is the Walvis Basin. I think since they have proven source rock with oil then the only equation not in place is the reservoir sand levels. That is probably the easiest to find ( source rock being hardest) and then oil. So in Orange Basin if someone wanted to do Meerkat I think a free drill and 50% outcome would be the best HRT could get.

I could be wrong and only time would tell.......MY IMO.......Tomas