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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

Comment by Oiljars51on May 12, 2013 11:25am
225 Views
Post# 21369830

RE: Wed's Conf Call

RE: Wed's Conf Call

Interesting speculation concerning MM's compensation package Ogo. No doubt Mello has high cost of living requirements for his high maintenance lady friends! I also think there are bid proposals for a farm-in on the table, prior to results, that Marcio does not agree with. I believe MM thinks the cost of entry into HRT's prospects should be kept high or maintain HRT's 86% WI. I think the new BOD wants to lower the risk over the short term in the event of dry holes which would result in lower risk and lower reward with an additional partner. What do the shareholders want ? Higher risk/higher reward vs. lower risk/lower reward?

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