HRT - 4Q14 estimative This cash they managed to sell the barrel with the dollar at $ 88.00 is now, but what will happen to the brent oil to $78.00? and the same or upper operating costs?
3Q14
R$ 127 million / 577 000 (boe) = R $ 220.10 / 2.50 = $ 88.04 / boe
577.000 boe x $88.04 = US $ 50,799,080
4Q14
577.000 boe x $78.00 = US $ 45,006,000
Thus, 50 million dollars would go to $ 45 million in 4Q14, a decrease again but probably will be in order to 10%.