Petro Rio S.A. HRTPF

How Many Would Dump This POS at $10

[gusgold]

I would be glad to get out at $10 and $10 is a real possibility. Most of the posters here got in thru UNX because they believed in Namibia and could care less about the solimoes. But all the price action is on the bovespa, and those investors got in because of the solimoes and gave no weight to namibia. The IPO got to $10 because of mm talking up the oil and gas in the solimoes and when he didn't deliver on the solimoes they sold and took the sp from $10 to $.97. That is why the starting of the drilling offshore nam didn't produce the sp bump to $1.50 that a lot of speculators bet on.

So the solimoes, which we know has oil and gas, can still deliver even if nam is one big duster. A couple of oil wells and a gas monetization plan can get the sp back to $10, and then there is the polvo field where HRT has the prospect of substantially increasing the production from the current 13,000 bpd.

[Explorergrab]

So why is no credence give to the large gas deposit found?

[gusgold]

Because the gas is stranded...but gas monetization plan soon to be announced will change that

[Explorergrab]

That plan has already been announced so that should have given some life to the stock price.

[gusgold]

Nobody believes anything these clowns say..it will take a lot more than an announcement

[Explorergrab]

So why do you think Namibia is a duster?

[Explorergrab]

So why do you think Namibia is a duster?

[gusgold]

My goal would be to get out of HRT at $10 and I think the solimoes is the key..last i read petrobras has produced 300 million barrels in the solimoes while since kudu namibia has had 20 dusters in a row...an oil well in the solimoes can be put into production in months and can be done by HRT/Rosneft, while an oil well in nam will take 3 years and a lot of farmouts to finance it

[Explorergrab]

Fair enough. So even if they find oil in solimones and they monetized the gas there you think this is only a $10.00/share stock?

[gusgold]

The problem is the solimoes is 80% gas and 20% oil according to mm. There is no easy cheap way to monetize the gas without petrobras...sure HRT could go higher than $10 but the old adage pigs get fat and hogs get slaughtered applies to this pos..I don't like that it trades on the bovespa and I don't trust the management..even if they discover oil the hedge funds in control will find a way

[Explorergrab]

With so much distrust and risk why did you invest in the company in the first place? Surly there are other positions that could have returned you a better return than this, if you thought the upside potential was only $10.00, which is the highest the stock has gotten before they started drilling.

[gusgold]

Why invest? I shorted HRT at $10..covered and went long..playing with house money betting I can make money on long side...imo HRT is worth $3.00 now