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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

Comment by Rzbernon Oct 04, 2014 7:20pm
91 Views
Post# 22999390

RE:RE:From RZBERN

RE:RE:From RZBERNDear Robnhood, 

How I posted on Investorshub,
I Checked on the TSE website and there is not only 300,000.00 reals donation to the campaign of Marcelo Crivella, but there is also another donation of HRT for congressman in the amount of 150 thousand reals to Luiz Sergio Nóbrega de Oliveira 


HRT O & G exploration and production PETROLEUM LTD 11,058,804 / 0001-68 08/19/14 013120600000RJ000011 150,000.00 Wire Transfer 799,761,475,000,016 NÓBREGA LUIZ SERGIO OLIVEIRA DE 1312 EN Congressman RIO DE JANEIRO 

HTR O & G PETROLEUM EXPLORATION AND PRODUCTION LTD 11,058,804 / 0001-68 08/19/14 000100300000RJ000053 300,000.00 Wire Transfer 7267474 MARCELO BEZERRA Crivelli 10 PRB Governor RIO DE JANEIRO 

Total Donations R $ 450,000.00 reals 

There is no illegality in contributing to political campaigns, however, a company with limited resources, that need to retrieve relevant assets deteriorated, that issued comunication that need to go to the market to raise new funds to make the investments that aims to do in Polvo, should not catch what little has boxed and make misuse. It's a very bad message to the market. And unreasonable. It is unjustifiable. It is the height of absurdity and there is no way to defend such interests and attitudes of the corporate purpose complety divergent of the company. If they were swimming in money like microsoft and other ok, but at this stage that they are now is indecent. Half a million reals nondeductible went to the trashed.
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