Petro Rio S.A. HRTPF

Bad news but.........

[SLAPSHOT69]

IMHO..no sense in selling and walking away now.....Buggatti believes in the gas monetization....as do I and many others....the results from Wingat, although unsuccessful so to speak, prove that there is oil in the basin....also as per Credit Stupid's analysis...if we were to sell off ...the assets would bring the price between 3$-$9....read the detailed analysis from Credit Stupid for more details.Buggatti...what's your serious opinion.....be nice...we know about MM and this POS already..cheers

Slappy

[WESTCOASTOIL]

The point about Wingat is the most important one. It proved oil exists - with prolific source rock and giant reservoir generting capability like seen in Angola.  The Moosehead drill is also in a different basin. It's COS has not diminished simply because Murombe did not find oil. In fact - with lessons learned I would argue that it's COS has gone up! Nothing like a kick in the balls

[buggati]

Slappy..there are no good answers...first thing is HRT needs to fire a whole lot of people including all those "phd's" and get the cash burn rate as low as possible..replace all those "phd's" with a good Texas wildcatter and they would probably find an oil well in the solimoes. The best solution now would be to  have petrobras buy out rosneft..as the solimoes gas