RE: RE: Can anyone validate my last post here as most of you are clowns and robin is the king of them all....he doesn't do research himslef and ask the board to validate his assumptions which are completely subjective and without any merit.
From 2011 HRT report
Assets held for sale and accounts payable to Petra
On December 7, 2011 HRT O&G concluded negations with Petra to establish the purchase value of 45% participating interest in 21 blocks in Solimoes Basin in the amount R$1,288,674 thousand and the payment conditions in 5 semi-annual installments. Also in December 2011 the payment of 1st installment in the amount R$ 257,735 thousand was made and the four remaining installments were accrued on the financial statements with two installments totaling R$ 515,470 thousand due in 2012 as current liabilities and two installments at the same amount of R$ 515,470 thousand expiring in 2013, considered as non-current liabilities.
So two most insatllments will be made this year. Accrual in 2011 doens't mean cash was paid. This is accounting 101. I am out of here. will just read once in a while some intelligent posting by osgoo and a few others.