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Petro Rio S.A. HRTPF

"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

Bullboard Posts
Post by BroStarton Jan 11, 2012 9:15am
518 Views
Post# 19390458

Agreed No Bankruptcy

Agreed No Bankruptcy

After going over countless NR's and whatever comments, quotes etc. that I could find in regards to what exactly HRT holds and their "net worth" or value if you want to say, I agree 100% with Koolman about the bankrupt comment.  HRT is cash / holdings ready to take care of itself until the end of 2013 with all the drills and costs considered.  This is the reason that they cut down on the amount of drills this year just in case.  We are fine, and I am happy that I took the time to go over everything again, and not get dragged into the "negativity".  We are a company that has cash, good estimates and a will/drive to success.  So we didn't get the perfect start with the first round of drills, that is part of investing and drilling.  What we have to focus is on the future and where we are going, not what we could or should have had.  We have drills on the go, money in the bank and a lot of possibilities in both the Solimoes and Namibia.  As far as I am concerned it is buy time.  The point of this msg is to let myself know as well as anyone else interested, that you should take the time to go over al lthe ACTUAL NEWS and reports that we have, not a bunch of bullsh$t that some people spread.  Don't ask others to share it with you or give you links etc. take the time to find it yourself, trust me it is worth the piece of mind and I am happy I did so myself, a slap in the face of reality and why I got in this in the first place.

Bullboard Posts