Petro Rio S.A. HRTPF

HRT Shedding all non-core assets to

[buggati]

become a pure play e&p...only hope now is thay put the money back in brazil in polvo like plays and maybe take a couple more shots at finding oil in the solimoes...in the next 6 months HRT either goes down in flames or they announce something positive...but they need to do something before moosehead duster and $.10 sp

[robnhood]

"or they announce something positive.." I can't recall them ever announcing something positive. Very similar to the fact of "We don't drill dry holes" to "We only drill dry holes, and very expensive ones at that".

[buggati]

hood, only difference is the clown mello is no longer running the ship...now the hedge funds are in control and anything they can do to increase shareholder value is a plus at this point...I would like to see them buy a few more polvo turn around plays and monetize the gas..still a chance for $3.00 if they play cards right but may see $.10 before $3.00...moosehead is the key ...there is no oil

[robnhood]

"put the money back in brazil in polvo like plays" Very hard to believe that the HRT gang that can't shoot straight can make Polvo do what the BP gang can't do. Smells like more empty headed arrogance.

[buggati]

60% of a small well like polvo is peanuts for BP..BP acquired polvo as part of a 3 billion deal with devon and had no interest in polvo....but 60% of 13000 bpd for HRT is huge