Petro Rio S.A. HRTPF

News on Upstream Online

[NeoM]

su*ks. They put a news out a couple of hours ago:

HRT Namibia wildcat disappoints

Brazil independent reports no discovery at Wingat-1 and expects to wrap up operations next week

They even twittered


The even twittered this "news" 4 hours ago:

https://twitter.com/upstreamkjs/status/334712742856491010


Surprisingly(?) this "news" got changed in the meantime to

HRT: Namibia wildcat yet to roar

Brazil independent expects to wrap up operations soon but has not reported pay so far


Maybe somebody wanted and needed a load of cheap shares before the announcement next week?

Or are they just too stupid to do a propper research and confirmation of results?

Cheers and have a good evening,
neo

[VultureTrader]

Exactly Neo. I will confirm that Upstream initially headlined "HRT NAMIBIA WILDCAT DISAPPOINTS", about 2 hours ago! Amazing how MSM can get it wrong SO MANY TIMES, giving Kathrine Schmidt absolutely no credibility. It's got to the point where you don't know what/who to believe anymore...disinformation that might cause someone to sell on misinformation of an uninformed media

[TimeOnTarget]

Thanks Oiljars51-- That makes sense--I hadn't thought about seismic calibration in particular.  I used to the in the industry, but not on the technical side and it was 10 plus years ago too.  I was under the impression that they did more logging/testing as they were drilling these days . . . .  Do you have any ideas, or informed speculation, about the time on the logging and