Petro Rio S.A. HRTPF

HRT: JG Petrochem reduced its stake from 12.14% to 7.05%

[Rzbern]

NEWS RELEASE

DISPOSAL OF MATERIAL EQUITY INTEREST

Rio de Janeiro, November 5, 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 November 4, a letter from JG Petrochem Participações Ltda. ("JG Petrochem"), informing that reduced its stake from 12.14% to 7.05% of the total capital stock of the Company, representing a decrease of 5.09%.

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.

[goldtrust]

JG has now gone from 19% to 7%....what does this insider know....looks like it is time to run for the hills

[goldtrust]

It was only a few months ago when the cheerleading cretins were ranting about how JG was going to steal this jewel when he accumulated 19% of hrt..one thing for sure hrt is no jewel..more like a rock that is going to the bottom

[Rzbern]

Yes, and I've been working hard to combat all these irregularities and facing the JG and administrators of HRT and many still call me a pessimist. They will now understand that I spake as a guardian angel that warned of danger.

[goldtrust]

Razorburn You got that right..hrt is run by a band  of thieves who were attracted to the pile of cash hrt got by selling assets...this is now mm redux...where they again bleed this pig dry