Petro Rio S.A. HRTPF

RE: RE: Odds of success

[WESTCOASTOIL]

Back in the day the oilers did not have the technology they have today. 3D Seismics in particular have come a long way.so too has oil seap analysis, and chemical profiling. So the presumption that it will take as many drills in Namibia is in all likelihood incorrect. In addition, all of those companies in Namibia right now, with the geophysicisits, geologists, money men - who as you rightly point out have the backing of $100M per well - and some...are not likely to be doing this for charitable purposes. They want to strike oil. The upside to each $100M drill is mind boggling in terms of return and that is why they undertake such operations. There are many more drills to comef rom HRT, and many more operators who are still buying into Namibian acreage and are queiing up with plans to drill. I suspect they have done their research - and know the risks. On the other hand all I see on this board are bunch of de-rampers who know next to nothing about this industry jumping up and down, eager to get to their keyboards at 6am in the morning to write off HRT, Chariot, Serica and all the others. With respect - they are a bunch of clowns.