RE: RE: RE: Why I like HRT as an investment. I just reviewed the press release from the announcement of the purchase of the field.
Technically, HRT is not producing anything at the moment.
"The completion of the purchase and sale transaction between HRTO&G and BP is subject to
certain conditions, including the final approval by National Petroleum, Natural Gas and Biofuels
Agency (ANP)."
Unless I have missed a PR, the deal has not closed yet. Upon closing, the effective date will be January 1st, 2013. At that point you can say they are producing net 7800 BOPD.