Petro Rio S.A. HRTPF

Odds of success

[Drill_Deep,_Find_oil,_stay_calm]

It’s still a very immature exploration province and it’s a proven petroleum system... it took 22 wells in the North Sea for the first discovery and I think it was about 26 wells in the Gulf of Mexico

Yesteryear, offshore drilling, 1 out of 8 found commercial hydrocarbons.

With 3D seismic, now it's 1 out of 3

Do the math...Wingat....Moosehead....Murombe....Merkat...Discovery times ahead

JMHO

[gusgold]

"Do the math..it took 22 wells in the northsea before the first discovery"...sounds real good if you are XOM..the wells are 100 million each and we are talking about HRT...It is not about finding oil...it is about running out of money before you find the oil

[WESTCOASTOIL]

LOL. There is that option...indeed...!