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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. > Wed's Conf Call
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Comment by gusgoldon May 12, 2013 11:48am
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Post# 21369868

RE: RE: Wed's Conf Call

RE: RE: Wed's Conf Call

It is not so much about higher risk or lower risk then it is about cash burn rate. HRT needs enough money to keep drilling in the solimoes until they hit oil. Unlike namibia the solimoes has oil wells with proven reserves

https://www.anp.gov.br/brasil-rounds/round4/round4/workshop/restrito/ingles/solimoes_ing.PDF

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