Giyani Metals Corp V.EMM

3RD Quarter pdf released

[DrWolverine]

https://www.hrt.com.br/hrt/web/arquivos/Release_HRTP_3Q11_eng.pdf
WORD FROM THE CEO

Dear Investors,
HRT’s first year listed on the Stock Exchange was extraordinary. In this short period of time, our Company tradedshares on BM&FBovespa – raising approximately R$ 2.5 billion Brazilian Reais; a potential of eight billion barrels ofoil and gas was estimated by DeGolyer and MacNaughton, a petroleum consulting firm; important exploratory andseismic acquisition campaigns were initiated in the Solimões Basin and in Namibia; we drilled four wells and other fourwill be drilled by the end of the year; IPEX received ISO 9001/2008 certification for the exceptional quality of its servicesand technical personnel; and finally, Air Amazônia operations were initiated, which provided HRT with the control andefficiency of its logistic operations.
Over the last months, the financial markets have been facing another world crisis, with a direct effect on investor`srisk appetite, the access to capital and consequently on the price of our shares. Athough solid foundations, constantefficiency gains and important geological results obtained, we are a publicly-held company and therefore subject tomovements of euphoria and concern.
It is important to mention that HRT has as its priority the maximization of our shareholder`s return. To that fact, the tirelessdefense of our cash flow and shareholder value, assuring the implementation of our business plan, is fundamental andis embedded in our culture. The challenges are great, but the opportunities are still greater. We are confident that ourcompany`s perspectives are even more positive now than when we opened to the market.
Marcio Rocha Mello
Chief Executive Officer