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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 Deboraon Feb 21, 2014 1:16pm
314 Views
Post# 22235588

Nelson Tanure betting on the growth of HRT

Nelson Tanure betting on the growth of HRTRio de Janeiro - The businessman Nelson Tanure , by JG Petrochem , acquired 19.25% of HRT Participações , the fifth Brazilian oil and gas company . Founded in 2008 , the oil company debuted on the stock exchange in October 2010 , raising R $ 2.6 billion . Although it holds quality assets in the Solimões Basin ( AM ) and Namibia , HRT saw its shares fall more than 95 % due to unsuccessful investments .    The HRT is a Brazilian oil and gas company with huge potential . Witness the daily production of 12 thousand barrels in Polvo field (Campos Basin ) . The company is formed by a qualified and geoscientists and geophysicists team with tickets in large Brazilian and foreign corporations . HRT 's assets are recognized for the quality of potential oil reserves _ Tanure said . What the company needs , says Tanure , is an efficient and creative management . Touted as a sort of Brazilian version of American Carl Icahn , Tanure act as an activist shareholder , aiming to turn the oil into a profitable enterprise . As you know , Icahn is one of the most aggressive investors in the U.S. market , with important stakes in major companies such as Apple . It is so powerful it reached dismiss executives of companies in which a shareholder . In early February , the company and its subsidiary HRT O & G announced the process of exporting the first shipment of oil in the Octopus Bowl , having sold 233,300 barrels of oil. The next sale is scheduled to occur at most in the first week of March with an estimated 400,000 barrels of oil volume. The company expects to have revenues of R $ 500 million in 12 months . Maersk is a minority partner in the field of HRT Octopus, having a share of 40 % . The new company's shareholders plan to focus on mature oil fields especially those that large companies such as Petrobras and Chevron , have no more interest because of the scale. Thus , it is possible that at the end of 2015 to reach a close HRT sales of $ 1 billion and a daily production of 20 thousand barrels per day . Within this strategy , the company will reduce the risk in the Solimões Basin , where soon the Russian Rosneft , the world's largest oil conglomerate , will have a majority stake of 51 % . Likewise , the partners seek buyers for the blocks in Namibia , owner of certified reserves that exceed the home of 7 billion barrels of oil equivalent . " HRT need to be aware that it is a private , small and poor company . It is necessary to cut costs to have a permanent box at $ 200 million and seek new revenue in mature fields . We have qualified personnel and appropriate equipment , "said Tanure . By: Paulo Roberto Cunha - (BLOG BLACK GOLD, Brazil)
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