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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

Petro Rio S.A. > MM & Pres knew the results weeks ago
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Post by landmann on May 20, 2013 10:21pm

MM & Pres knew the results weeks ago

What some of you may not know is that all modern-day drillers using "logging while drilling sensors" that pretty much confirmed the absence of oil in Wingat weeks ago. With this failure, we have the exit of the two guys most responsible for the misinterpretion of the 3D data.
Comment by Oiljars51 on May 20, 2013 11:24pm
landmann, Your statements tend to misrepresent  the facts reported  so far. As far your statement that the LWD confirmed the "absence of oil", how do you explain the oil shows they reported. LWD does not confirm the quanities of oil in the reservoir.  They would have seen crossover on the density  and neutron log, indicating hydrocarbons. This along with the ...more  
Comment by Ogopogo007 on May 21, 2013 12:08am
 I could have given Jim Bob Moffett a run for the money ! MMR has spent close to, or over, $1,000.000.000 on Davey Jones well. Workover after workover..Huge challenge, huge reward if they can tame that beast and get it to flow. Oiljars....never argue with an idiot that has a ton of ink or a keyboard like ....lostman   Interesting interpertation of HRT's Wingat NR tonight, my ...more  
Comment by landmann on May 21, 2013 9:42am
My point is that MM did not depart his CEO position over some  boardroom antics.  He knew what the results were from the LWD and the fact the sp would tank once it was revealed to the rest of us.
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