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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. > Link to Earnings Call Transcript..landman
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Comment by Ogopogo007on May 20, 2013 10:35pm
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Post# 21419236

RE: Link to Earnings Call Transcript..landman

RE: Link to Earnings Call Transcript..landman

Murombe  has distinctly different geology than  Wingat  (see the slides) and has the potential of being 4x the size.

The good/bad news is that it is located nearby in the Walvis Basin, so if Wingat is mostly gas, then it indicates Walvis Basin oil has been subjected to elevated temperatures (like the fields in the Orange Basin).

Worse case scenario Wingat = Murombe = gas = 0

Best case, Wingat is mostly oil with Murombe being even more so.

U singing a new tune now...why? Yup...no gas. Oil + Source Rocks.

GALP agreed to drill deeper based on Wingat drill results..it's their $$

 

Just another "short and distort" poster.

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