Petro Rio S.A. HRTPF

The Cheerleaders Are Back

[gusgold]

I just read the posts by the cheerleaders and everything they say is based on a hope and a prayer. Bro writes a glowing post, and I was about to back up the truck, until I got to the part where Bro says "if the next 2 wells in the solimoes don't hit then the $hit hits the fan". Another fact the cheerleaders missed is the $800 million HRT owes Petra, that will be paid in 5 installments over 2 years, with the first payment due around 5 days after the signing. So, the deal with TNK-BP is critical. We need to know when does the TNK-BP cash start flowing. Does HRT receive the 1 billion in installments or does the cash only flow if HRT proves up commercial wells. In the mean time there is no floor under this baby until MM announces a commercial well.