Replies to post #2947 on Petro Rio S.A. ADR fka HRPTY

[DrillaHill]

There are a lot of positives

While I would have loved to see Rzbern within HRT,
I do not share any negative thoughts about Nelson Tanure.

I guess Tanure/JG Petrochem paid about R$1.1/share,
now owns 19.25%, and has every reason we have
to see an increasing shareprice.

Actually in december we all were celebrating his arrival,
and nothing has changed for me about him/JG Petrochem!

Farmout Value of HRT's assets
are worth multiples of current market cap.

My estimates of Farmout Value/ Asset are:

For Namibia (86%):
(investorshub.advfn.com/boards/read_msg.aspx?message_id=98140448)
US$570MM

For Polvo (60%):
(based on what was paid to BP for 60%)
US$135MM

For Solimoes (49%)
(TNK-BP paid US$1Bn for 45%, Rosneft will pay less/% IMO,
we should be informed about the value of the 6% sale to Rosneft soon, I expect US$40MM to US$60MM)
US$326MM to US$490MM

More than A Billion Dollars Farmout Value (~1000% of current shareprice)

Year End 2013 Cash was expected to be around R$200MM (~US$84MM),
however, because of the deal with Rosneft about the sale of 4 helitransportable rigs (my guess ~US$35MM) and the sale of 6% of Solimoes and operatorship (my guess ~US$50MM) and the receivement of pending cashcalls in amount of more than R$100MM, the cashposition is now expected to be higher.
More cash is expected from farmouts in Namibia, Solimoes & Polvo,
Polvo Oil sales and from other non core Assets for sale (the remaining airplanes and helicopters & laboratory IPEX)

GLA