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PETRO RIO SA V.PRJ

"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."


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Post by robnhoodon Nov 12, 2015 5:08pm
109 Views
Post# 24286661

earnings are out

earnings are out

Petrorio_Mailing_header_08072015

3Q15 Earnings Release

Link doesn't work on cut and paste.. I guess you can check their website


Rio de Janeiro, November 12, 2015 -
Petro Rio S.A. ("Company" or "PetroRio") (BM&FBOVESPA: PRIO3, TSX-V: PRJ)announces its 3Q15 earnings.

Click here for the Earnings Release.

Conference Call:Tomorrow,November 13, 2015 (Friday).

Conference Call in English Conference Call in Portuguese
12:00 p.m. (NY Time)
03:00 p.m. (Braslia Time)
Phone: +1 786 924-6977
Toll Free (USA):+1 888 700-0802

Password: PetroRio
Webcast: click here
03:00 p.m. (Braslia Time)
12:00 p.m. (NY Time)
Phone: +55 11 3193-1001
+55 11 2820-4001
Password: PetroRio
Webcast: click here

The Conference Call will beheld in Portuguese withsimultaneous translation intoEnglish.

For additional information, please contact PetroRio's Investor Relations Department.

About PetroRio
PetroRio is one of the largest independent companies in the oil and gas production in Brazil. It is the operator of the Polvo Field, located in the Campos Basin, where it holds a 60% participating interest. The Polvo Field has Brazil's seventh largest daily production of barrels of oil equivalent (boe). PetroRio is the owner of "Polvo A" fixed platform and a 3.000HP drilling rig, currently in operation in this Field, being the platform connected to the "Polvo FPSO" vessel, with capacity to segregate hydrocarbons and water treatment, oil storage and offloading. Polvo Field license covers an area of approximately 134km2, with several prospects with potential for further explorations. In January 2015, PetroRio announced the proposed acquisition of 80% of the Bijupira and Salema Fields located at the same basin, Campos Basin, at a distance of approximately 80 km from the Polvo Field. In June 2015, PetroRio announced the proposed acquisition of the remaining 20%. The Bijupira and Salema Fields will allow PetroRio to triple its current production volume. The BJSA acquisition is subject to the approval of Brazil's National Agency of Petroleum, Natural Gas and Biofuels (ANP).
The Company´s corporate culture seeks to increase production through the acquisition of new production assets, the re-exploration of assets, increased operational efficiency and reduction of production costs and corporate expenses. PetroRio's main objective is to create value for its shareholders with growing financial discipline and preserving its liquidity, with full respect for safety and the environment. For further information, please visit the Company's website: www.petroriosa.com.br.


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