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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 Nov 06, 2014 7:25pm
101 Views
Post# 23104518

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Equipment of HRT seen junk in Manaus

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Equipment of HRT seen junk in Manaus Drilla,
Rosneft go back agreement about Solimões contract. Look this paragraph on minutes about meeting in 10/24/2014 on HRT:

"6. Resolutions:
[...]

(c) The Board of Directors was informed by the Company’s Executive Board that it has not 
been possible so far to sign the closing of the transaction with Rosneft so as to meet the 
Board’s resolution at the meeting of September 29, 2014, by virtue of subsequent changes 
required by Rosneft to the terms and conditions of the original agreement as well as the other 
documents of the transaction, which have a significant impact on the risk of the transaction and 
would increase the exposition of the Company, rendering the transaction unfeasible as 
previously authorized and approved, having the Board authorized the Executive Board to adopt 
all necessary measures to preserve the interests of the Company regarding such matter."
 

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