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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

Post by gusgoldon May 21, 2013 9:44am
243 Views
Post# 21419949

The Cheerleaders Are Out In Force

The Cheerleaders Are Out In Force

Lets call a spade a spade.. HRT could not find oil in an Autozone. 11 wells in the solimoes and no oil..one duster in namibia and 2 more dusters to come. When it is all over later this year HRT will have less that 100 million in cash out of 1.3 billion raised during the IPO...HRT will have stranded gas in the solimoes and polvo a small heavy oil field in decline. The fat lady is singing...HRT will get bought out for $.97. I predicted after the 2 resignations and the unrelentling selling. by insiders, that we were looking at 2 dusters....wish I was wrong..it is all over

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