Petro Rio S.A. HRTPF

RE:RE:RE:The Cheerleading Cretins must be Happy Now

[buggati]

Penny...many have tried to stab me in the back but they are all dead now. On a positive note..I think there is a fair chance that current mgt can turn this pos around. They are repudiating everything that slimeball mello put in place. Once all assets sales are finished hrt should have around 150 to 200 million dollars on their balance sheet.. If you read between the lines they have given up on the idea of being an e&p and making a big strike. They plan on reworking polvo and drilling a few more wells in the polvo license to increase production if their partner maersk goes along with it...I think they will and maersk has deep pockets...if rosneft still believes in the solimoes and makes the required payments, there is a chance rosneft will buy another 10% giving rosneft 55% and HRT 45% of solimoes...if the LNG idea is really viable then there is a chance HRT can sell another 25% to a 3rd partner..then there is the oil potential in HRT's license area..there is oil in the solimoes..petrobras proved that.. a lot of ifs..but if it all pans out this pig could eventually get some lipstick