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Bullboard - Stock Discussion Forum 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 Discussion

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Post by dmastercard on Apr 18, 2013 9:33am

well

on my side , i always wondered why hrt DID NOT drilled the oil sector in solimoes FIRST !!!!  and now once again in namebia we have been told wingat is not the best target between the 4 of them , i dont know if its strategic ,to avoid a bigger drop in sp if there is no hit on the first targets to let the market think the best is always to come....
Comment by Explorergrab on Apr 18, 2013 11:39am
The marketing key is to under promise and over deliver
Comment by wallywill on Apr 18, 2013 11:56am
HRT had to drill those blocks in the Solimoes because they were under time constraints and obligations. If they did not drill them first they would have lost them. As for Wingat, that prospect has the highest chance of sucess for oil and drilling that prospect saved HRT time and money because it is the closest to Walvis Bay. It saves them time and rig costs from going south and then back up the ...more  
Comment by Ogopogo007 on Apr 18, 2013 2:45pm
Wingat was the closest target to Walvis Bay. Why haul the drill rig up and down the coast when HRT only has 280 day lease? Likely GALP had some input also>