RE: RE: New presentation out Wrong--
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Rio de Janeiro, April 10th, 2013 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) announces that, on April 09th, its wholly-owned subsidiary, HRT O&G Exploração e Produção de Petróleo Ltda. ("HRT O&G"), was technically qualified by the National Petroleum, Natural Gas and Biofuel Agency (ANP) as an "A" Operator. This means that HRT O&G is now authorized to operate exploration blocks located in onshore, shallow water, deepwater and ultra-deepwater. HRT O&G has already been operating as a "B" Operator since March 2011.
"This "A" Operator qualification granted by ANP allows HRT to participate without any limitation in the upcoming 11th oil bid round, positioning HRT, with its expertise, knowledge and proven experience in oil and gas exploration, as an attractive partner in this bid round", said Milton Franke, CEO of HRT O&G.
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Rio de Janeiro, May 6, 2013 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP), together with its wholly-owned subsidiary HRT Oil & Gas Ltda ("HRTO&G"), has entered into a Purchase and Sale Agreement (PSA) with BP Energy do Brasil Ltda ("BP") to acquire a 60% stake in the Polvo Field for US$135 million having January 1st, 2013 as the effective date. HRT as well as HRT O&G have entered into a loan agreement with Credit Suisse to finance the majority of the acquisition price.
They did not bid in the offshore round. We can speculate as to why they did not.