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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

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Post by Drill_Deep,_Find_oil,_stay_calmon Aug 15, 2013 4:24am
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Post# 21672016

Will Meerkat get drilled?

Will Meerkat get drilled?IN Vancouver Agora event, we were told to drill Meerkat needed either
1) commercial success at Moosehead
or
2) farm-in

From the BOD

From today's CC, farm-in seems unlikely this late in 2013 due to other Co's budget planning lead times.
We also heard the Marianas contract had a +/- days component to it that may mean, have to make a drill/don't drill Meekat before the Moosehead TD has been reached.

HRT is an exploration co, has the rig and long lead items to drill Meerkat....drill baby drill but seems the Suits running BOD don't want to take that risk
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