Petro Rio S.A. HRTPF

RE: RE: RE: RE: HRT Traders

[kaosblues]

I think you need to go back and check the history of finding oil.  Inevitably, in the most oil prone areas of the world it has often taken hundreds of drills to find commercially viable finds.  This includes such oil rich areas such as Mexico, the North Sea, the Gulf, Brazil, Iran, Iraq and yes even Saudi Arabia.  For example, do you know how many unsuccesful drills were made before they hit the Leduc find in Alberta or the first truly succesful well in the North Sea?  With the advent of technology we thankfully shouldn't have to wait as long but I think the smart bet is now on that commercially viable quantities of oil will be found off Namibia; it really is no longer a question of if, but of when.  This should be viewed as a huge positive by the market today but as usual the market usually gets it wrong first and then (over) corrects itself later.  Admittedly a $10 dollar SP was pure speculation, but a 65 cent SP is pure fearmongering, I leave it to others to figure out what level the SP should really be at as we speak, but I highly doubt that it will stay where it is for very long.  Oh, remember one other thing, when Coca Cola started as a company, they had to start with that first bottle of coke and so it goes with all oil exploration companies, they have to start with that first coke bottle worth of oil.