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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.
Bullboard Posts
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(1)
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Comment by Luckboxxon Jan 03, 2012 9:36pm
439 Views
Post# 19367491

RE: RE: PRODUCTION??

RE: RE: PRODUCTION??

According to the latest (November road show) presentation on their website, their strategy will be to strip the liquids and then reinject the gas.  What the cost of that is, I don't know.

Based on the MM's comments from the last quarter CC, the 2nd well in the same structure will be to estabish 2P reserves.  Assuming ANP approval of the TNK-BP farm-in, the 2P certification would trigger TNK-BP investment in the campaign.

Condensate prices is similar to crude, so there is value there now though the market wants 40+ API light crude based on the disaster in the stock today and a Brazilian analyst's comments to Bloomberg.

Happy New Year...ugh

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