Post by
wallywill on Jan 12, 2015 10:05am
merge talks
HRT PARTICIPAÇÕES EM PETRÓLEO S.A. Rio de Janeiro, January 12th, 2015 - HRT Participações em Petróleo S.A. Rio de Janeiro, January 12th, 2015 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP), hereby provides clarifications as per BM&FBOVESPA's request on the referred Official Letter, regarding the content of the news published by "O Estado de São Paulo" newspaper on January 09, 2015, under the title "Eike tries merger with the rival HRT", by which BM&FBOVESPA requests the Company "for clarifications, until 9:00 AM as of 01/12/2015, regarding the content from the news published by the newspaper O Estado de São Paulo, 09/01/2015 edition, under the title 'Eike tries merger with the rival HRT', as well as other information considered relevant." In compliance with the Official Letter, we inform that the Company is in discussions with OGX Petróleo e Gás S.A. - in Judicial Recovery ("OGX") regarding the Production Unitization Agreement - AIP ("Unitization") of the Polvo Field with Tubarão Martelo Field. In addition, it is part of the Company´s strategy to reduce its exploration activities and to concentrate funds and efforts in production activities, reason why it analyzes all possible transactions and assets available in the market. We also inform that there is no information or event related to the newspaper article, at the present moment, that justifies a formal disclosure by the Company to the market.