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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 buggation Jul 22, 2013 12:09pm
238 Views
Post# 21621957

Worst run Oil company in History..Sell Out Now

Worst run Oil company in History..Sell Out NowWas there ever another oil company that did an IPO raised 1.3 billion..spent 1.1 billion and their only assets after 2 years are tax credits in Brazil and stranded gas in the solimoes. The reason there is no gas monetiztion plan is after crunching the numbers rosneft does not want to come up with any money. Sell the company now before moosehead guster amd $.10 sp. 3 assets can be sold: sell wingat bloc to bp/petrobras who may be interested in doing some drilling because of source rock...sell gas assets in solimoes to petrobras...try and market brazil tax credits and if lucky shareholders get $1.50 - $3.00..shich would be a gift at this point.
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