Petro Rio S.A. HRTPF

Good observation from Jimmy

[robnhood]

"This is another sign of the dissaray in hrt. The fact they are halting work on the solimoes where they have spent enormous money, is an indication that its value is in doubt. If the economic gas monetization strategy was going to yield positive results they would have said that solimoes activities will be curtailed pending completion of the monetization studies. It did not."

[buggati]

Yes..and if you read the rest of the news release about trying to find ways to raise shareholder value..what a bunch of bs..you raise share holder value by finding oil...looks like no gas monetization and murombe is a duster..so sp is zero when cash runs out..looking to sell company before sp reaches zero..now we know why ceo..president and cfo all resigned

[Potatohood]

Welcome back Gustard..oops..I mean Buggati.....was wondering wtfakk you were. PH

[robnhood]

Yuo, buggati,. It is becoming apparent that every last thing MM said, promised, and forecast was wrong.

[buggati]

MM was a big bs artist who pumped this pos up prior to the ipo with talk of a billion barrels of oil in the solimoes...spent $800 million for a coke bottle...if murombe is a duster..which I believe it will be..if you can't find oil in your own backyard how are you going to find it offshore nam,,now with the solimoes off the table..HRT will go to $.20 then ZERO after moosehead duster

[landmann]

[quote=robnhood]If the economic gas monetization strategy was going to yield positive results they would have said that solimoes activities will be curtailed pending completion of the monetization studies. It did not."[/quote] I don't think he understands what was actually said.  The reason they are reducing their Solimoes activity is because their last duster was the most promising