Bullboard - Stock Discussion Forum Petro Rio S.A. HRTPF

Energy Oil & Gas E&P

"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."

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Petro Rio S.A. > OIL...

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Post by akagoofy on May 21, 2013 7:37am

OIL...

It's always something, we find oil but not enough. The bashers will have a field day with this, but in the big picture, we have what 54000 sq. km worh of property and now there really is a chance for oil and not just gas. It will be interesting to see how the market responds to this, but in my mind it makes the Nambia property worth more than the $0 that had previously been assigned.

We'll still trade down today but maybe not too far.

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Comment by SLAPSHOT69 on May 21, 2013 7:47am

I agree with akagoofy....we'll most likely trade down in the beginning, but could end up close to the last close or a tad higher......this is great news going forward.....it's confirmation.....It was a wildcat...so it is what it is. Totally agree that the Coke bottle comments will be a plenty today.....I'll be adding again soon enough...GLTA Slappy

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Petro Rio S.A.