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Petro Rio S.A. HRTPF

Energy Oil & Gas E&P
"Petro Rio SA is engaged in exploration and production of oil and gas in Brazil and abroad. The Company is currently engaged in the hydrocarbon production in Polvo field."


GREY:HRTPF - Post by User

Petro Rio S.A.
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Comment by pianoman88on Aug 11, 2011 2:26pm
246 Views
Post# 18932093

RE: RE: 1016 meters to go...

RE: RE: 1016 meters to go...After a second look at the numbers, it seems that they averaged 190 meters per week in the first 7 weeks, 142 meters per week in the next 4 weeks, and 121 meters per week in the last 4 weeks (more like 4 wks. than the 4.5 I first stated). Considering the problems they had in the beginning stages, it seems a little odd unless it gets exponentially slower the deeper they go. Does that mean it could take even longer to reach depth?
I'm not trying to bring everyone down, but have I been too optimistic thus far? Like Svet, it appears I too was hoping for a miracle.
Any other thoughts out there?
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