Replies to post #1852 on Petro Rio S.A. ADR fka HRPTY

[goldcanyon341]

TNK-Brasil agreed to pay up to
250 million dollars to HRT O&G when five milestones have been reached (payments are
due to HRT O&G upon the achievement of individual milestones). These five milestones
are
(i) completion of an Extended Well Test,
(ii) accumulated production of 2.5 million barrels of liquids,
(iii) gas monetization of at least 500 thousand cubic meters per day
by means of one or more gas off take agreements,
(iv) sharing of certain infrastructure,
v) certified 2P reserves of 500 million barrels of liquids.

Do you know which of the five milestones have been completed? HRT receives payment upon completion of each milestone.

[Northsun0]

DrillaHill:

Thank you for the wealth of information you post on this board.

Garyadam:

I live just north of you in Metro Vancouver B.C. I am glad you find value in my observations. I feel it would be even more beneficial if you send me a private message with your phone number if it suits you to do so I will call you.