Petro Rio S.A. HRTPF

Discovery @ Murombe well COS 50%

[DrillaHill]

- with Murombe, Baobab or Sivaradi

 

obviously the P90 volumes have the greater probability, and they are still huge with murombe near to a billion boe

 

Baobab COS 26% P90 23,4%
Murombe COS 23,5% P90 21,15%

Chance of Success to find hydrocarbons (P90) in Baobab or Murombe

1- (0,766*0,7885) = 39,6%

 

(Assumed Baobab possible volumes equal to D&M Wingat estimation)

Baobab P90 oil success=277 mmbo x $7/bbl x 86% ownership / 657 fully diluted shares = $2,54/share

+480% from yesterdays closing price

Murombe P90 oil success = 996 mmbo x $7/bbl x 86% ownership / 657 FD shares = $9,12/share

+1821% from yesterdays closing price

 

+ if we include Sivaradi with a COS (which we don't know) of let's say 20% P90 18%

Chance of Success to find hydrocarbons (P90) in Baobab, Murombe or Sivaradi

1- (0,766*0,7885*0,82) = 50,5%

 

GLA :)

[WESTCOASTOIL]

Agree. A huge opportunity. All oilers in Namibia will benefit if HRT strikes. Just like if Chariot had struck. This is oil exploration and ogo poo plop does not get how difficult it is sitting in his comfy armchair doing his keyboard warrior BS...GLA to all longs.

[Grizzle1]

Interesting calcs. U sure about the FD shares? I have 294M on Bovespa and 113M/2 on TSX, not incl options. I always worked on around 350M total stock ex options

[xoox]

I have 294M on Bovespa I believe it's just under 298M, which means the current market cap is an amazingly low $270M usd.

[DrillaHill]

No I'm not, I was referring to.. https://seekingalpha.com/article/1491092-hrt-participacoes-has-an-asymmetric-risk-reward-profile-part-4?source=email_rt_article_readmore just wanted to add the P90 & the COS for Murombe well in isolation.. GL :)    

[VultureTrader]

Number of shares From page 36 of Quarterly information (ITR) at March 31, does not include any options that may have been issued since. https://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=44&tipo=32097 20.1. Capital At March 31, 2013, the subscribed and paid-in capital in the amount of R$3,955,320 is divided into 296,185,963 common registered book-entry shares, with no par value