Material FactTook them a while... guess they as they did not get the Material Fact before the markets opened in Brazil they had to wait for the markets to close (limitations which didn't apply to Rosneft). MATERIAL FACT SIGNING OF MEMORANDUM OF UNDERSTANDING FOR THE GAS MONETIZATION IN SOLIMÕES WITH PETROBRAS AND ROSNEFT Rio de Janeiro, July 14th, 2014 – HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP), jointly with its wholly-owned subsidiary, HRT O&G Exploração e Produção de Petróleo Ltda. (“HRTO&G”), informs the following events related to the areas under concession situated in the Solimões Sedimentary Basin: · HRT O&G, ROSNEFT BRASIL AND PETROBRAS SIGN AN AGREEMENT TO REVIEW THE DEVELOPMENT SYSTEMS FOR THE GAS MONETIZATION HRT, Rosneft Brasil and Petrobras sign a Memorandum of Understanding (“MoU”) for the second phase of the gas monetization project, in connection with the establishment of cooperation regarding the review of the development systems to monetize the gas in the areas under concession of Petrobras and HRT O&G/Rosneft Brasil in the Solimões Sedimentary Basin, in Amazônia. The Memorandum of Understanding was signed by the parties in Brasília today in the presence of Mr Igor Sechin, President and Member of the Management Board of Rosneft Oil Company, Mr José Alcides Santoro Martins, Chief Gas and Energy Officer of Petrobras, and Mr Milton Franke, CEO of HRT. The signing ceremony relied on the presence of the President of Brazil, Ms Dilma Rousseff, and the President of Russia, Mr Vladimir Putin. · ANP APPROVES THE ASSIGNMENT OF AN ADDITIONAL 6% WORKING INTEREST AND TRANSFER OF HRT O&G’S OPERATION ACTIVITIES TO ROSNEFT BRASIL The National Petroleum, Natural Gas and Biofuels Agency (ANP) approved on 07/09/2014 the assignment of an additional 6% working interest in the exploration, development and production rights and the transfer of operation over 19 blocks in the Solimões Sedimentary Basin (“Solimões”), under HRTO&G’s concession, to Rosneft Brasil (the Brazilian Rosneft Oil Company’s subsidiary), which becomes to hold a 51% WI, and HRT, 49% WI. The relevant transaction amounts to USD 96 million. HRT O&G’s personnel allocated in the Solimões Project will be transferred accordingly, as well as the supply services agreements and financing guarantees submitted to ANP. For additional information, please contact HRT’s Investor Relations Department. Sedar Profile # 00031536 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release