Petro Rio S.A. HRTPF

JG Petrochem is coming out

[Rzbern]

NEWS RELEASE 

DISPOSAL OF MATERIAL EQUITY INTEREST 

Rio de Janeiro, October 17th, 2014 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP), in compliance with the provisions of Article 50 of the Company’s By-laws and with the provisions of Article 12 of CVM Instruction 358/02, announces that it has received, on October 16th, a letter from JG Petrochem Participações Ltda. ("JG Petrochem"), informing that reduced its stake from 16.64% to 12.14% of the total capital stock of the Company, representing a decrease of 4.50%. 

According to the information provided in the referred letter, JG Petrochem informs that: (i) it currently does not have the intention of changing the control composition of the Company; (ii) it does not hold any other rights over convertible debentures issued by the Company; and (iii) it does not take part of any agreement or contract which regulates the exercise of voting rights or the purchase and sale of securities issued by HRT. 

Click here for the News Release. 

For additional information, please contact HRT`s Investor Relations Department.

[robnhood]

The interesting thing about JG selling is ,,, who is buying?

[goldtrust]

JG selling and ANP rejection of sale of 40% interest of polvo to hrt...looks like hrt will retest old lows

[robnhood]

Getting a smacking this moprning on the Bovespa.  Trading at 10.59 BRL.  Bovespa index down over 2000 points.

[robnhood]

Traded at new post split low in Brazil.

[goldtrust]

Hood, good chance JG and current mgt are in hrt to milk it dry just like mm and in about 20 months when polvo goes dry hrt goes bellyup

[robnhood]

GT, I am losing interest in this stock, 1) because I am out 2) it doesn't trade here

[goldtrust]

I think it still pays to watch this trash on the chance that the strategy of buying small fields in decline and reworking them pans out..little reason to hold it now..it is dead money until they start drilling in polvo in 2015

[robnhood]

Just broke below 10 BRL on the Bovespa.