RE: there goes our GUY increase.. HRT probably wants to raise a little more money to do even further exploration. They already secure a Rig to drill 4 wells starting in Q4 212, they probably want to drill even more after those initial 4. Also, note this section from statsman post:
Brazilian oil start-up HRT Participacoes em
Petroleo (HRTP3.BR) expects to sell a stake in its offshore Namibia holdings
in the first half of 2012, Chief Executive Marcio Rocha Mello said Tuesday.
In an interview on the sidelines of the 18th Latin Oil Week in Rio de
Janeiro, Mello said that "more than 20 companies are interested, all of them
majors." HRT will keep the data room that provides details of the blocks to
interested companies open until the end of May, he added.
Interest in the blocks is high because there is no more exploration acreage
available off the West African nation's coast, Mello said.
The stake sale will give HRT the cash it needs to ramp up exploration in the
12 blocks in which the company holds stakes.