Diskussion nach Re-split -- Hrt Particp Sp GDR - 500 Beiträge pro Seite (Seite 2)

[Drill-a-Hill]

Markets do not always understand pre-operating companies, says director of HRT
http://translate.google.com/translate?sl=pt&tl=en&js=n&prev=…
HRT claims to have the largest 3D seismic survey ever done in the region. "The quality of available data bring us safety and comfort to begin a drilling campaign with positive expectations of results."

[butzbutz]

Der nachstehende Kursverlauf zeigt einen interessanten Vergleich von den
Explorern HRT/ENG und Chariot in einem Langfrist-Chart


12 Monats-Linien-Verlaufs-Chart-NASDAQ:
- selbst aktualisierend -

[butzbutz]

Die heutigen Wochenend-Schlussdaten von der NEBENBÖRSE TORONTO:

1.19 CAD = 0,916 € = k.V.% (zum Handelsvortag)= Volumen 89.711 shares[/quote]

[butzbutz]

Nachdem zum WE an der NEBENBÖRSE TORONTO der SK mit 1.19 CAD fast an der
brisanten unteren Kante des neuen Uptrend-Kanals aufsetzte, hier noch
einmal im Fokus die charttechnische Grafik in zwei Darstellungen:

[butzbutz]

Hier die aktuelle Vorgabe von der HEIMATBÖRSE São Paulo:

http://de.advfn.com/p.php?pid=qkchart&symbol=BOV^HRTP3

HRT-REALTIME-Chart/Kurse von der HEIMATBÖRSE São Paulo:
- selbst aktualisierend - (REAIS-BR)


Ibovespa (Bras.-INDEX)

http://de.advfn.com/p.php?pid=qkchart&symbol=IBOV





Und demnach das aktuelle Ergebnis von der NEBENBÖRSE TORONTO.

http://de.advfn.com/p.php?pid=qkquote&btn=s_ok&qkbtn=&qksymb…

HRT-REALTIME-Chart/Kurse von der Nebenbörse TORONTO:
- selbst aktualisierend - (CAD)
http://de.advfn.com/p.php?pid=staticchart&s=TX%5EHRP&p=0&t=2…

S&P TSX Composite (Kanad. INDEX)
http://de.advfn.com/p.php?pid=qkchart&symbol=T^OSPTX

[butzbutz]

[butzbutz]

Die heutigen Wochenanfangs-Schlussdaten von der NEBENBÖRSE TORONTO:

1.19 CAD = 0,919 € = k.V.% (zum Handelsvortag)= Volumen 98.691 shares

[gabbo62]

NEWS RELEASE

HRT, TNK-Brasil and Petrobras sign an Amendment to the Letter of Intent for the Monetization of the Natural Gas in Solimões

Rio de Janeiro, December 17, 2012 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) announces that its subsidiary HRT O&G Exploração e Produção de Petróleo Ltda. ("HRT O&G"), Petróleo Brasileiro S.A. ("Petrobras") and TNK-Brasil Exploração e Produção de Óleo e Gás Natural Ltda. ("TNK-Brasil") signed an Amendment to the Work Plan of the Letter of Intent ("LOI") for the gas monetization in the Solimões Basin.

The LOI signed on October 15, 2012 has now been amended to introduce the work plan agreed to amongst the companies, which will be further matured over the next six months, starting January 2013. The signature occurred during the recent visit of President Dilma Rousseff to Moscow, where TNK-BP also has its headquarters.

The activities to be developed include: (1) evaluation of the natural gas resources within the study area, (2) engineering, environmental and logistics studies required to bring the natural gas to market, (3) the technical alternatives to monetize the gas, the markets for such gas and the local logistics of those markets, (4) economic evaluation of the studied alternatives and (5), the administrative aspects of the work plan.

"Our technical team is honored and encouraged to participate along with Petrobras in this project that is deemed so important to Brasil " said Marcio Rocha Mello and Michael Morgan, from HRT and TNK-Brasil.

HRT is exploring the Solimões Basin in partnership with TNK-Brasil, a subsidiary of TNKBP.

For further information, contact HRT`s Investor Relations Department.

[gabbo62]

HRT Participacoes Has An Asymmetric Risk/Reward Profile

http://seekingalpha.com/article/1068871-hrt-participacoes-ha…

[butzbutz]

Seit Tagen bewegt sich der SK an der Unterstützungslinie im brisanten
Bereich des Uptrend-Kanals. (untere Kante, blaue Linie)

Nachstehend der charttechnische Beweis vom gestrigen Handelstag:

[butzbutz]

Die heutigen Schlussdaten von der NEBENBÖRSE TORONTO:

1.20 CAD = 0,920 € = Plus 1,68 % (zum Handelsvortag)= Volumen 91.859 shares

[butzbutz]

Die heutigen Schlussdaten von der NEBENBÖRSE TORONTO:

1.26 CAD = 0,963 € = Plus 5,00 % (zum Handelsvortag)= Volumen 241.710 shares

[butzbutz]

Mit einem ordentlichen Drive und erhöhtem Umsatz-Volumen verabschiedete sich gestern
die NEBENBÖRSE TORONTO mit einem SK von 1.26 CAD. innerhalb des Neuen
Uptrend-Kanals.

Hier noch einmal die Schlussdaten:

1.26 CAD = 0,960 € = Plus 5,00 % (zum Handelsvortag)= Volumen 241.716 shares

[butzbutz]

Die Schlussdaten von der NEBENBÖRSE TORONTO:

1.25 CAD = 0,955 € = Minus 0,79 % (zum Handelsvortag)= Volumen 338.102 shares

[Drill-a-Hill]

[butzbutz]

Nachstehend die Grafik und die SK-Daten vom 24.Dez. von der NEBENBÖRSE
TORONTO:

1.27 CAD = 0,966 € = Plus 1,60 % (zum Handelsvortag)= Volumen 28.363 shares

[butzbutz]

Nachtrag zur Grafik vom 24.12.

Mit der letzten Kerze (gelbe Ellipse) wurde ein DRAGONFLY DOJI
signalisiert, d.h. aus einem Abwärtstrend heraus, innerhalb des neuen
Uptrend-Kanals, ist eine positive Trendumkehr zu erwarten.
Es liegt ein INTRADAY-Reversal vor.

[butzbutz]

Die heutigen Schlussdaten von der NEBENBÖRSE TORONTO:

1.23 CAD = 0,933 € = Minus 3,15 % (zum Handelsvortag)= Volumen 242.902 shares

[butzbutz]

Die heutigen Schlussdaten von der NEBENBÖRSE TORONTO:

1.19 CAD = 0,903 € = Minus 3,25 % (zum Handelsvortag)= Volumen 147.260 shares

[butzbutz]

Und hier noch nachträglich die heutige SK-Grafik:

Schönes letztes WE noch vor Jahres-Schluss!
So long butz

[butzbutz]

So schloss gestern die NEBENBÖRSE TORONTO:

[butzbutz]

Die gestrigen Jahres-Schluss-Daten nachstehend:

1.26 CAD = 0,960 € = Plus 5,88 % (zum Handelsvortag)= Volumen 89.8324 shares

So long butz, der Alleinunterhalter ?

und allen hier ein gesundes und erfolgreiches 2013

[Dadak]

Antwort auf Beitrag Nr.: 43.971.610 von butzbutz am 01.01.13 12:13:59

Lieber Butz
ein frohes neues Jahr wünsche ich Dir
Allein bestimmt nicht, wir sind dabei
Weterhin danke für die Wertvolle Beiträge und Ausarbeitungen
Gruß
Dadak

[Dadak]

Repost from ihI hub



HRT Petroleo: ¡Esto Es Noticias Fantasticas!

Dear Outstanding Investments Reader:

Are you sitting down? Did you take your heart meds? Are you ready for some good news? Do you speak Portuguese? Because... ¡Esto es noticias fantasticas!

Oh, yes... in English: "This is fantastic news!" Blame it on Rio! It's about HRT Petroleo (HRP: TSX-V). It's what we've been waiting for. It's like Pele taking to the soccer field and scoring another goal. ¡Pele raya otro objetivo!

A Year (and More) of Living Dangerously!

First, let's review -- because frequent OI readers know how much I like to review things. We've had HRT in the OI portfolio for not quite 18 months, since June 2011. After three months, as the leaves turned gold in the fall of 2011, I was wearing a scratchy hair shirt. That is, not long after I recommended HRT, in the summer of 2011, its share price tumbled from the $9 range to... well, low.

The bottom line is that we had a tough year with HRT, from 2011 through 2012 -- up to now. It was tough, that is, unless you're one of those short sellers who made money by betting that HRT wouldn't live up to its potential. Oh, yes, the shorts had a nice walk to the bank.

I'll own up. Full disclosure. You can handle the truth, right? HRT shares drifted down so low that last August, the share price broke a buck one day. Ugh. A "penny stock," so to speak. In OI? I'm sorry. I'm very sorry. It was bad timing for early buyers. And yes, I got your memos and emails. Many of them.

I am, of course, an adaptive newsletter writer. I'm capable of learning. Did I totally blow the call on HRT? Well, I like to think that I follow the facts. So what did I miss?

Early this year, I visited Houston and reviewed HRT at its U.S. office, from top to bottom. I met and shook the hand of every employee on the HRT team -- from the chief geologist to the front desk receptionist. I looked at everything with a critical eye.

Also, as part of my penance, I sentenced myself to read Internet chat boards for HRT. What were investor-commenters saying? Hey, some of that third-party commentary about me was, on occasion, utterly vicious. OK, I get it.

But then again... I told OI readers, from the very first day, that HRT is a pre-production, pre-operational play. That is, HRT is an exploration idea. HRT holds acreage onshore Brazil and offshore Namibia, but it doesn't have vast fields of producing wells -- not yet!

So no, HRT is not the usual OI sort of company that finds its way into the newsletter. There's no established business, ongoing production, sweet cash flow and Big Oil profits.

If, as an investor, you're not tuned into this level of pre-operational risk, then HRT is even a dangerous sort of play. Not to put too fine a point on it, but one can lose a lot of money by moving in and then panicking out. (Of course, I never recommended selling HRT shares, even during the worst of times. If you sold, it was never my idea.)

Look at it another way. With no current sales of oil and gas, the investment nature of HRT was NOT the typical question for investors -- of how badly any company's executives can waste perfectly good cash flow, as is the case with many other firms that inhabit the stock markets of the world. I always told readers that HRT was/is a risky idea, out at the edge of the risk envelope. I never said otherwise.

And what else? I told readers the full HRT story. If you followed what I wrote in this newsletter, I discussed the problems as well as the potential for HRT to find immense new oil and gas discoveries in Brazil and offshore Africa.

Of course, HRT has to drill its wells in the right places, no? Come to think of it, we all have to drill our wells -- of oil, not to mention life -- in the right places.

The Marcio Story

Speaking of telling the full story, along the way, I described the CEO of HRT, Marcio Mello, who is, quite simply, one of the world's great oil finders. That's a fact.

I told OI readers about how Marcio has a Ph.D. in geochemistry, worked for Petrobras (PBR: NYSE) for over 25 years and ran the Petrobras Research Center in Rio de Janeiro. I described how, in 2001, Marcio literally wrote the book on oil exploration in "passive" tectonic settings -- entitled Petroleum Systems of South Atlantic Margins.

I explained how Marcio's "drill deep" theories led Petrobras to spend over $240 million (no typo) on just one well (only one!) targeted at the vast "pre-salt" play offshore Brazil. And I told you how that particular well -- named "Tupi" -- found 8 billion barrels of oil and opened up an entire new energy frontier.

So I've been telling this story, about Marcio and HRT, for a long time -- about four years, actually. I first related the Marcio story in 2009 in my other newsletter, Energy & Scarcity Investor. Many ESI readers made excellent gains (and some made life-changing gains) on another company that Marcio advised, the former UNX Energy, which is now part of HRT.

Really, Marcio is impossible to keep under wraps. For example, I helped arrange getting Marcio to a major international conference on Peak Oil in Denver in 2009. He was... let's say... controversial. Certainly to that audience.

Then I brought Marcio to the Agora Financial Conference in Vancouver in 2010, where he brought down the house with his comments on the BP (BP: NYSE) well blowout in the Gulf of Mexico. And Marcio was in Vancouver in 2011 and 2012 too.

At each Vancouver session, over 1,000 Agora Financial attendees, exhibitors, newsletter writers, media and more heard Marcio give his ebullient pitch. Were you there?

Something Big Is Coming!

And needless to say -- but I'll say it anyhow -- I've written about HRT and Marcio here in OI. I’ve told you what I know. I’ve explained things as best I could.

Then last summer, as the HRT share price hit bottom, I threw my credibility chips onto the table. "What's Going on With Our Brazilian Oil Company?" I asked Aug. 15, 2012. And I answered my own question by explaining how something big was in the works with HRT.

Heck, last August, I was downright optimistic. In my Aug. 15 article, I showed you slides of some of the geophysics from offshore Namibia. I showed you outlines of immense oil-bearing structures. I discussed geology and geochemistry. I mentioned the phenomenal HRT team of geologists, geophysicists and engineers.

Last summer, I explained HRT's lease with Transocean (RIG: NYSE) for a modern, deep-water drilling rig named Transocean Marianas. I wrote about HRT's four-well program to test a group of exceptional prospects offshore Namibia. I described how drilling is scheduled for the first quarter of 2013 -- as in about six weeks hence.

A couple days later, on Aug. 17, I described HRT as "cheap risk, big reward." I explained the HRT story in the context of big-picture resource investing.

Oh, and for the past several months, in the "Five Hot Picks" section of the OI monthly newsletter, I've given honorable mention to HRT. Yes, HRT is risky. And it's risky for me -- as a newsletter writer -- to pound the table so hard over HRT.

But then again, and as I've said on more than a few occasions, I believe that the downside has been slapped out of HRT shares. Thank you, short sellers. So now there's upside. But. It's. Risky. OK?

HRT Has a Partner!

So what's the news? Why did I ask if you're sitting down? Why am I nearly ecstatic? Why am I revisiting the painful moments of the past? Because HRT just announced a deal to partner up with a key player in the international exploration biz -- Galp Energia of Portugal.

Galp will participate in drilling three of the four wells offshore Namibia, essentially covering HRT's costs (up to an as yet undisclosed cap), for a participation share of 14%. I believe that this is a FABULOUS deal, as I'll explain in a moment.

First, let me address something that may be coursing through your brain. Why Galp? Portugal-listed Galp has a market capitalization of about $12.5 billion. Galp isn't a huge oil company as oil companies go. Galp is far from oil giants like Exxon Mobil, Chevron, Shell (RDS-B: NYSE) or Total (TOT: NYSE). But don't be fooled by size.

The big guys ALL had a chance to review the HRT data. Over 30 oil companies -- including virtually all of the household names -- signed confidentiality agreements and reviewed HRT's Namibian play. Many of them offered terms to HRT for a partnership agreement. Galp offered the best deal for HRT and its shareholders. So that's why Galp is the partner.

Let's Look at Galp

Galp works in and around the Iberian peninsula -- Portugal and Spain -- as befits its home base of Lisbon. Galp also operates in what I characterize as the "gold coasts" of Southern Hemisphere energy frontiers.

Start with offshore Brazil -- not too shabby, eh? -- where Galp was a partner with Petrobras in that above-mentioned initial Tupi pre-salt discovery just a few years ago. Impressive, yes? Right place, right time, no? Then again, there are no accidents, comrades. Corporately, Galp understood how to be exactly in the right place at the right time.

Galp also operates offshore Venezuela and Uruguay, in South America. Uruguay? That's mighty intriguing, especially considering the plate tectonics that may have emplaced more of that pre-salt and oil offshore, directly across from... you guessed it... Namibia.

Right now, in Africa, Galp operates offshore Angola, Cape Verde, Guinea-Bissau, Equatorial Guinea, Gambia and -- as of late -- in the stunning new hydrocarbon province that just opened up offshore Mozambique.

Galp seems to have a knack for being where drilling rigs find oil. Funny how that works. And with the HRT tie-up, Galp is now moving into Namibia. It's meaningful.

The Portuguese Connection

What else can we make of Galp? It's fair to say that Galp is a fast-growing company with a keen eye for making success happen. Galp goes where other companies have not accomplished anything or took too long to recognize opportunity. In fact, Galp has strapped into exploration risk in new frontiers unlike just about any other company in its peer group.

In terms of exploration, Galp goes where many larger firms (aka "Big Oil") fear to tread. Actually, the big guys kind of like it when small players like Galp find that first oil with some crazy, super-risky, off-the-wall wildcat well.

The big company guys hate to explain to Wall Street and London analysts why they took a risk in some Godforsaken frontier in lower south Succotash and drilled a few dry holes. The big guys leave such things to the Galps of the world. Then later, they come in and piggyback on someone else's success.

Oh, and Galp is just now starting to see the rewards that come with its astonishing exploration success. So here are a few take-aways respecting HRT's deal with Galp:



Galp is paying a large chunk of the upfront drilling expenses for three (out of four) offshore wells. It's excellent risk sharing by the HRT team. The financial arrangement allows HRT to husband its cash for other things -- like continuing with developments in the Solimoes Basin of Brazil. All for a modest 14% share of the three Namibian concessions to Galp, which leaves 86% for HRT -- a lot still on the table
Galp is "small" enough that there's a low probability of the Portuguese company trying to overwhelm HRT -- as if Marcio & Co. can be overwhelmed. Still, the Galp relationship means that the HRT Namibia wells will receive top-level management attention at every stage. Yet Galp is also large enough to have deep pockets and lots of deep-water experience, so both the money and the bench of manpower are there

Galp has established a remarkable, respectable niche in deep-water exploration for frontier plays in the Southern Hemisphere, certainly with big boy Petrobras and in the Brazilian pre-salt. That is, Galp can work with big-time oil companies, deal with South American and African governments and generally play at the varsity level in the oil biz. So this is a deal that's already turning heads! Indeed, one of my Big Oil contacts emailed me last night, "I never saw this coming" -- which he meant as a high compliment

Galp is well acquainted with the technical challenges of deep-water exploration and development. Indeed, Galp's geological approach to deep-water exploration appears to jive to an astonishing degree with what we've seen from Marcio over the years. Maybe it's something in the Portuguese-speaking mindset?


Fantastic News!

As I said at the beginning of this note, the Galp tie-up is fantastic news! It's a key development for HRT. The Galp partnership -- and the third-party funding it brings to the table -- adds an entire layer of legitimacy (and "other peoples' money") to everything that HRT has accomplished.

Let's do some blue-sky math. Let's say that a three-well commitment obligates Galp for $200 million -- which is my raw speculation, because I do NOT have any information from HRT about exact numbers. Right now, the details of the HRT-Galp deal are proprietary.

In return for teaming with HRT, Galp is getting 14% of the play, or about one-seventh of three concessions.

So hypothetically, the "value" of this Namibian play is seven times $200 million, or $1.4 billion for the three-well program. And that doesn't include the fourth well, yet to come. Plus, it doesn't include any value for the spectacular natural gas finds that HRT has in Solimoes, in Brazil. Oh, by the way, the deal will be worth a LOT more in the event that HRT-Galp finds oil!

Meanwhile, HRT has a market cap of about $600 million, considering the Brazilian and Canadian share structure. So as of the close of business on Monday, HRT is "undervalued" by about half.

These are just speculative, arm-waving numbers, remember! But all of this ought to get you thinking about the size of that risk-reward play for HRT. Right now, the HRT Canadian-traded shares are dramatically undervalued, if you put any faith at all into the Galp deal.

And yes, HRT-Galp still must still drill wells and find oil. That's hard, not easy. So there's plenty of risk in this endeavor. Despite my evident enthusiasm, I must still offer the entire array of cautions. Consider yourself warned!

But if you're game to risk investment cash on an oil play with all the right moving parts and a huge upside? This is your chance to make a play with HRT. Take some money that you can "afford to lose," as the saying goes, and perhaps the return from HRT could change your life.

One of the Great Energy Plays of Our Time

Looking ahead, when those Namibian wells go down, we're about to witness one of the great energy plays of our time. Namibia -- with a coastline longer than that of California -- is about to test key areas of its offshore oil frontier. We're looking for a Brazil-style, pre-salt analogue. Is there oil and gas out there? Hey, we're going to find out in the first half of 2013, and it could be really, really big.

This kind of news makes my day. Heck, it makes my week! Maybe I'll just take the rest of the month off! Voy de vacaciones, eh? Actually, I have other commitments, and I'll fill you in about everything later on. 'Cuz I'm going down to Texas for a spell.

http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&…

[butzbutz]

Zum Jahresanfang 2013 schloss die NEBENBÖRSE TORONTO mit nachstehenden Daten:

1.28 CAD = 0,985 € = Plus 1,59 % (zum Handelsvortag)= Volumen 123.923 shares

[Drill-a-Hill]

Happy New Year all!!

Ein wichtiges Jahr für HRT, könnte ein gamechanger-Jahr sein, vom Explorer zum Producer in Brazil und "unser" CEO Marcio Mello versucht seine Milliarden-Barrel-Funde mit PB offshore Brazil in offshore Namibia mit HRT zu wiederholen, den RIG ,die Transocean Marianas, haben wir bis NOV/DEZ und sie sollte am 22/01 im Walvis port sein zur Inspektion, das Team folgt eine Woche später
http://ports.co.za/shipmovements/walvisbay/walvis_bay_2012_1…
und dann Bohrbeginn vom Wingat-Prospect wahrscheinlich Mitte Februar in den Central Blocks, wird ein spannendes Jahr!!!

, kurzfristig bis Bohrbeginn könnten ein weiteres Farm-out in Namibia bzw. die genauen Konditionen dazu einen Driver für den SharePrice darstellen, die von B.K. erwähnten potentiellen 200mio$ von Galp sind meiner Meinung nach nicht realistisch, eher 80-120mio$ für die 14% der entsprechenden Lizenzen, mit einem oder zwei weiteren Partnern könnte dann das gesamte Drilling Program free carried sein...

DRILL BABY DRILL

GLA

[butzbutz]

[/url]

Die heutigen Schlussdaten von der NEBENBÖRSE TORONTO lauten:

1.31 CAD = 1,01 € = Plus 2,34 % (zum Handelsvortag) = Volumen 172.116 shares

[butzbutz]

Hier die aktuelle Vorgabe von der HEIMATBÖRSE São Paulo:

http://de.advfn.com/p.php?pid=qkchart&symbol=BOV^HRTP3

HRT-REALTIME-Chart/Kurse von der HEIMATBÖRSE São Paulo:
- selbst aktualisierend - (REAIS-BR)


Ibovespa (Bras.-INDEX)

http://de.advfn.com/p.php?pid=qkchart&symbol=IBOV




Und demnach das aktuelle Ergebnis von der NEBENBÖRSE TORONTO.

http://de.advfn.com/p.php?pid=qkquote&btn=s_ok&qkbtn=&qksymb…

HRT-REALTIME-Chart/Kurse von der Nebenbörse TORONTO:
- selbst aktualisierend - (CAD)


S&P TSX Composite (Kanad. INDEX)
http://de.advfn.com/p.php?pid=qkchart&symbol=T^OSPTX

[Drill-a-Hill]

laut google finance haben die HRT-GDRs im moment eine MK von 8.42 Milliarden CAD....
http://www.google.com/finance?q=CVE%3AHRP&ei=6RLnUIihAuaCwAO…



Die zugrundeliegenden "Orginalaktien" haben eine MK von 0,768 Milliarden CAD, für jede 2 GDRs muß eine HRTorginal gekauft bzw verkauft werden

[Drill-a-Hill]

...bei ADVFN liegt man auch falsch,
dort multiplizieren sie die 294.3 mio Orginalaktien aus Brazil mit den Shareprice der GDRs (1,31)in Canada = vollkommener Schwachsinn und bei ihnen dann 400,3 mio CAD

in Wahrheit liegt die MK bei 294.3 mio Shares * 5,4 BRL = 1.589,22 mio BRL

bzw. * 0,484 = 769,18248 mio CAD und für jede GDR besitzen wir 1/2 HRTorg....

[Drill-a-Hill]

sorry, link vergessen
http://de.advfn.com/p.php?pid=financials&symbol=TSXV%3AHRP

[butzbutz]

Die heutigen-Schluss-Daten von der NEBENBÖRSE TORONTO nachstehend:

1.37 CAD = 1,061 € = Plus 4,68 % (zum Handelsvortag)= Volumen 383.963 shares

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 43.984.373 von butzbutz am 04.01.13 22:32:25

Schöner Anstieg bisher im neuen Jahr +15% in Brazil, ich denke im Dezember hat Mr. Tax-Selling ein wenig auf die Bremse gedrückt,...

Bei Stockhouse und Co wird über das kurzfristig anberaumte General Board Meeting am Montag (07/01/13) gemutmaßt,
http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&…

User VanWilder1 sieht mögliche Gründe:

1. HRT10 - Major Oil Find. Duster or Gas would be a "non event"
2. Major Namibia Farmout proposal from a Major Player, ie.... Chevron, Exxon, BP
3. Proposal from a Major to Farmin to monetize the Solimos Gas.
4. Finalize Sale of Air Amazon. Coming to Deal ahead of time.
5. Vote on enacting shareholder Poison Pill - Block surprise Takeover Bid for HRT
6. Problems with Transocean Rig, Delay in Timetable
7. Problems with Namibia GOV'T. All Drilling at Risk.
8. Option to increase acerage in Frontier Regions, add to holdings. Doubtful.
9. Vote "yes" on Takeover Bid. Doubtful

...Meiner Meinung nach

1. hat man bei HRT-10 wie Anfang Dez berichtet eine Gas-Discovery, gäbe es weitere news dazu hätte man sie wie immer in einer NR rausgeschickt
2. Macht Sinn, darüber muß abgestimmt werden
3. Macht Sinn, darüber muß abgestimmt werden
4. Macht Sinn, darüber muß abgestimmt werden
5. Schwachsinn
6. Unwahrscheinlich imo
7. Schwachsinn
8. Macht Sinn, darüber muß abgestimmt werden
9. Never Ever zu diesem Zeitpunkt, Marcio und Co. haben bereits ähnliche Angebote von TNK-BP abgewiesen, "This is our dream"...

am ehesten geht es unter anderem um Punkt 2, ein weiteres Farm-Out in Namibia, auf weches wir alle warten, auch kurz vor dem Farm-In von Galp gab es ein Meeting mit folgenden Punkt:

Then, the Chairman of the Board of Directors, Mr. Marcio Rocha Mello, provided information about the progress of the Company’s activities, such as the activities related to the company’s assets in Namibia and the exploratory campaign in the Solimões Basin, among others; the Board of Directors unanimously decided to authorize the Company to proceed with the farm out negotiations involving certain Namibian assets, as per the proposal received from a new company.

Also drücken wir die Daumen für ein weiteres Farm-Out und damit hoffentlich ein möglichst free carried 3-4 wells drilling programme in Namibia, und das unser CEO Mr. Drill Deep Marcio Rocha Mello seine Erfolge in Offshore Brazil in Namibia wiederholen kann,

have a nice weekend all,

& GLA in 2013 !!!

[butzbutz]

Antwort auf Beitrag Nr.: 43.985.222 von Drill-a-Hill am 05.01.13 12:08:25

Gemäß unterer Grafik hat sich der gestrige SK mit 1.37 CAD erstmals wieder
nach längerer Zeit oberhalb vom GD 50 Tg. bei 1.34 C$ festgesetzt und damit
auch die Trendwende, nach dem Downtrend (schw.Linie) innerhalb des neuen
Uptrend-Kanals, voll bestätigt.

Diese positive Trendwende wurde durch den Dragonfly Doji mit posting # 517
vom 27.12.12 angekündigt und ist auch dieser charttechnischen Ankündigung zuzuordnen.

Dadurch dürfte der durch den MACD auch bestätigte positive Aufwärtstrend
weiterhin Bestand haben (s.leichte blaue Linien zum Uptrend)

[Tomu]

schaut weiterhin gut aus :-)

[butzbutz]

Alles aktuell digitales von der HEIMATBÖRSE São Paulo:

http://de.advfn.com/p.php?pid=qkchart&symbol=BOV^HRTP3" target="_blank" rel="nofollow ugc noopener">http://de.advfn.com/p.php?pid=qkchart&symbol=BOV^HRTP3

[butzbutz]

Die heutigen-Schluss-Daten von der NEBENBÖRSE TORONTO nachstehend:

1.45 CAD = 1,121 € = Plus 5,84 % (zum Handelsvortag)= Volumen 464.204 shares

[butzbutz]

Die heutigen Schlussdaten von der NEBENBÖRSE TORONTO:

1.45 CAD = 1,121 € = Plus 5,84 % (zum Handelsvortag)= Volumen 464.204 shares

[Drill-a-Hill]

MINUTES OF BOARD OF DIRECTORS’ MEETING NO. 01/2013 HELD ON JANUARY 07, 2013
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=…

(a) Reject the materials received for the acquisition of equity interests;
(b) Approve the granting by the subsidiary HRT África of a bank guarantee in favor of Manica Group Namibia (PTY) Ltd.;
(c) Authorize Board member Wagner Elias Peres to conduct the negotiations with respect to the Farm Down of assets in Namibia; and
(d) Register that the documents based on which the above resolutions were approved have been examined by the Board members, were certified by the Presiding Officers and will be filed at the Company’s headquarters.

Sieht so aus als ginge es mit Peres, CEO HRT America in Houston Texas, in die finale Phase des farm-outs, würde mich nicht wundern wenn wir einen amerikanischen Partner gewinnen...

GLA

[Drill-a-Hill]

HRT falls after approval of new farm out in Namibia
http://translate.google.com/translate?sl=pt&tl=en&js=n&prev=…
Already in the oil sector, the shares of HRT ( HRTP3 ) operating in strong decline of 6.55%, to R $ 5.28, giving back some of the gains reported in recent days.

The fall repercurte the minutes of the Board meeting of the company held last Monday (7). In the minutes of the meeting, the main highlight is the confirmation of negotiations farm out - sale of interest - the exploration well in Namibia. "HRT had already signaled a change in the rules for sale of assets of the site as a way to reduce the risks of the operation," said Roberto Altenhofen analyst Empiricus Research.

[butzbutz]

Nach dem Anstieg der letzten Tage von ca. 28 % kam es heute im Handelsverlauf
zu Gewinnmitnahmen und einem gleichzeitigen Eröffnungs-GAP. Der bisherige
Trend ( schw.blaue Linien) innerhalb des neuen Uptrend-Kanals blieben davon
unberührt.

Die heutigen Schlussdaten lauten:

1.27 CAD = 0,984 € = Minus 12,41 % (zum Handelsvortag)= Volumen 785.632 shares

[Drill-a-Hill]

HRT Concludes Drill Stem Test of Well 1-HRT-10-AM, in the Solimões Basin
http://www.newswire.ca/en/story/1096675/hrt-concludes-drill-…

[butzbutz]

[/url]

Die heutigen Schlussdaten von der NEBENBÖRSE TORONTO lauten:

1.29 CAD = 1,00 € = Plus 1,57% (zum Handelsvortag)= Volumen 312.889 shares

[Drill-a-Hill]

Morning,

2013 - Vom Explorer zum Produzenten??

HRT Jumps on Tests of Solimoes Potential: Sao Paulo Mover
http://www.bloomberg.com/news/2013-01-09/hrt-jumps-on-tests-…
HRT proves Solimoes gas trend south of Jurua
http://www.ogj.com/articles/2013/01/hrt-proves-solimoes-gas-…

When combined with tests at the 1-HRT-5-AM and 1-HRT-9-AM, the results confirm the gas trend to the south and the potential for gas on SOL-T-191 and the SOL-T-192 block to its west. The results also open an exploratory play fairway for the SOL-T-214, SOL-T-215, and SOL-T-216 blocks, south of SOL-T-191. HRT has identified several exploratory prospects on those three blocks.

“The presence of a richer liquid bearing gas-condensate identified in the DSTs in a relatively underexplored area of the basin, reinforces the geological model interpreted for the area, and consolidates the potential for gas in the region and supports the gas monetization project,” HRT said.

The company set a six-month timeline beginning in January for jointly developing gas fields in the Solimoes Basin along with the state-controlled Brazilian oil company Petroleo Brasileiro SA (PBR) and TNK-BP Ltd. During that period, they will do an evaluation of the resources to be extracted and conduct engineering, environmental and logistics studies on how to bring gas to market.

GLA

[butzbutz]

Die heutigen Schlussdaten von der NEBENBÖRSE TORONTO lauten:

1.28 CAD = 0,98 € = Minus 0,78 % (zum Handelsvortag)= Volumen 55.881 shares

[butzbutz]

Die NEBENBÖRSE TORONTO vermeldet nach Handelsschluss nachstehende Schlussdaten:

1.30 CAD = 1,00 € = Plus 1,56 % (zum Handelsvortag)= Volumen 232.404 shares

[butzbutz]

Mit dem heutigen SK von 1.30 CAD verblieb zum Wochenende alles im bisherigen
neuen Uptrend !

[gabbo62]

11 January 2013 23:57 GMT
.

Petrobras said late Friday it had created a programme to scope out the potential of Brazil’s conventional and unconventional onshore gas.



The programme, dubbed Pron-Gas, will look to assess the economic potential of oil and gas in the nation's sedimentary basins, with an eye towards nitrogen fertiliser production and other energy needs for the nation's agribusiness sector, the state-run Brazil company said.

The initiative will work with the company's exploration & production as well as power units, in addition to "third-party technologies currently used in onshore activities."

The comments come as Brazil confronts a hydroelectric power shortage.

Last October Petrobras signed an agreement with independent HRT to evaluate "monetisation" possibilities for natural gas indications discovered in Brazil's remote Solimoes Basin.

http://www.upstreamonline.com/live/article1313813.ece

[butzbutz]

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.021.428 von butzbutz am 14.01.13 23:17:03

Update - Walvis Bay Ship Movements
http://ports.co.za/shipmovements/walvisbay/walvis_bay_2013_0…
-Ships due in port on following dates-
31/01/13 Transocean Marianas

little time for 2nd Farmout....

GLA

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.022.393 von Drill-a-Hill am 15.01.13 10:17:44

There she is

NEWS RELEASE

http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&tipo=3…

HRT ANNOUNCES THE RECEIPT OF TRANSOCEAN MARIANAS SEMI-SUBMERSIBLE RIG

Rio de Janeiro, January 15th, 2013 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) announces that it has received the semi-submersible drilling-rig Transocean-Marianas from Transocean (NYSE: RIG), offshore Ghana, at zero hour of January 15th, 2013. The rig will be in transit to Namibian waters for the next three weeks and, then, she will undergo mandatory maintenance for the following 21 days, before starting HRT’s drilling campaign in Walvis and Orange sedimentary basins.

The Marianas is expected to be on location to start drilling the first well in Namibia, in the Wingat Prospect, in Walvis basin at HRT’s Petroleum Exploration License-23 (Pel-23) by the end of 1Q13. Wingat is located in 1,000-meter water depth and its drilling operations are expected to last approximately 60 days.

"The arrival of the Transocean-Marianas is excellent news for HRT and GALP. She is arriving within the planned timeframe to start one of the most expected and exciting drilling campaigns in Southern offshore West Africa", added the CEO, Marcio R. Mello.

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.023.858 von Drill-a-Hill am 15.01.13 14:42:20

...möglicher Bohrbeginn nicht vor Anfang März, also noch genug Zeit weitere Partner zu finden...

GLA

[Tomu]

mhhh.. ist die nachricht nicht gut? warum gehts dann so extrem runter?!?

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.024.926 von Tomu am 15.01.13 18:02:54

Die Nachricht ist gut, aber nicht wirklich überraschend, alles nach Plan soweit,...was ich mich schon seit längeren frage, ob sich Anfang des Jahres in Brazil ein GAP ergeben hat welches geschlossen werden will?

@butz, any thoughts?

[Drill-a-Hill]

TRANSOCEAN MARIANAS

Position Recorded on:
2013-01-15T23:14:00 (UTC)

http://www.marinetraffic.com/ais/de/default.aspx?oldmmsi=538…

[Drill-a-Hill]

Board of Directors Meeting to resolve on: 01/22/2013

(a) Update on Namibia farm down;
(b) Update on Solimões farm down;
(c) Update of Solimoes gas monetization group;
(d) Update PAD Project of Solimoes Basin;
(e) IR Reset 2013;
(f) Approval of regiment and procedures for Technical Committee; e
(g) Matters of the Company’s general interest.

(2013 Corporate Events Calendar)
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=…

[butzbutz]

Antwort auf Beitrag Nr.: 44.025.081 von Drill-a-Hill am 15.01.13 18:32:08

Fortlaufende Kursentwicklung mit entsprechenden Daten und Charts
- digital - von Hrt Petroleo ON Chart (HRTP3)

http://de.advfn.com/p.php?pid=qkchart&symbol=BOV^HRTP3

Hi D-a-H

bei der Gelegenheit hab`ich gleich ein zweites GAP up open entdeckt,
siehe nachstehend, wobei nicht gesagt ist, dass beide geschlossen
werden. Die TA spricht von 80 - 85 % Rate closed!

So long butz und Grüße

[butzbutz]

Nachstehend zwei Langfrist-Grafiken von der NEBENBÖRSE TORONTO,
aus denen sich ein gebildetes symm.Dreieck ersichtlich ist.

Der Kurs ist bereits in die äußerste Spitze hinein gelaufen und damit
steht eine Entscheidung kurz bevor!


[/url]

[Drill-a-Hill]

Italian oil major Eni has proven the commerciality of an oil discovery off Ghana after an appraisal well hit a large amount of pay.
http://www.upstreamonline.com/live/article1314372.ece
..mit der Transocean Marianas die jetzt am Weg nach Namibia ist

GLA

[butzbutz]

Die heutigen Schlussdaten von der NEBENBÖRSE TORONTO:

1.20 CAD = 0,910 € = Minus 2,44 % (zum Handelsvortag)= Volumen 241.011 shares

[Drill-a-Hill]

IMO: Solange nicht klar ist wie es um die Farm-outs in Namibia steht, steht der SP unter Druck, das Problem ist das man sich hier bis zum Spud-In von Wingat im März Zeit lassen könnte/(wird?).
Es fehlt auch IMO eine Presentation im Vorfeld des Drillingprogramms um Investoren zu informieren, aber so lange nicht das 2te Farmout erledigt ist wird man sich leider nicht in die Karten schauen lassen.
Und wie schon gesagt ein bekannter Major als Partner könnt das Interesse drastisch erhöhen,...

come on HRT give us something...

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.037.288 von Drill-a-Hill am 18.01.13 13:33:54

GAP CLOSED...

[butzbutz]

6-Monats-Candle-Verlaufs-Chart-HEIMATBÖRSE São Paulo:
- selbst aktualisierend -



Danach ist das GAP up vom Okt.12 noch offen

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.037.676 von butzbutz am 18.01.13 14:58:17

Hi butzbutz,

der gehört doch zu den 15% die nicht geschlossen werden...
just kidding...

Sieht für mich so aus als hätte sich ein Boden genau über dem gap vom 12.okt gebildet, gibt der vielleicht eine mögliche Unterstützung?

[butzbutz]

HRT-REALTIME-Chart/Kurse von der HEIMATBÖRSE São Paulo:
- selbst aktualisierend - (REAIS-BR)


Ibovespa (Bras.-INDEX)

http://de.advfn.com/p.php?pid=qkchart&symbol=IBOV






HRT-REALTIME-Chart/Kurse von der Nebenbörse TORONTO:
- selbst aktualisierend - (CAD)



S&P TSX Composite (Kanad. INDEX)
http://de.advfn.com/p.php?pid=qkchart&symbol=T^OSPTX

[Drill-a-Hill]

Oil exploration is also big news up the west coast of Africa.
http://www.bdlive.co.za/businesstimes/2013/01/20/oil-rich-co…
Global experts are betting there are about 75-billion barrels of untapped oil worth about $7.5-trillion in this geological zone, a possibility that would have significant implications for Namibia - and rest of the SADC region - within the next four to five years.


7.000.000.000.000 $.$$$.$$$.$$$.$$$

[butzbutz]

Das Oktober-GAP up wurde soeben geschlossen.

[Drill-a-Hill]

Noch mal zur Erinnerung für morgen, nachdem der letzte GAP geschlossen wurde, möglicherweise wieder die Trendwende, Good Luck All:

Zitat von Drill-a-Hill: Board of Directors Meeting to resolve on: 01/22/2013

(a) Update on Namibia farm down;
(b) Update on Solimões farm down;
(c) Update of Solimoes gas monetization group;
(d) Update PAD Project of Solimoes Basin;
(e) IR Reset 2013;
(f) Approval of regiment and procedures for Technical Committee; e
(g) Matters of the Company’s general interest.

(2013 Corporate Events Calendar)
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=…

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.046.115 von Drill-a-Hill am 21.01.13 19:20:07

I have a feeling...

> 5CAD heute
> 6CAD februar
> 7CAD spud-in wingat

mögliche kurzfristige SharePrice-Driver:

Daten zu farmout in Namibia mit neuem Major als Partner;
Petrobras farm-in Solimoes mit Plan zur Gas Monetization;
Detailierte Presentation zum 280-tägigen Drillingplan in Namibia;

alles nur Vermutungen, time will tell...

GLA

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.048.575 von Drill-a-Hill am 22.01.13 13:00:28

Offshore Brazil???

Private Equity Hunts for Brazil’s Next Big Oil Startup
http://www.bloomberg.com/news/2013-01-22/private-equity-hunt…
...HRT are studying the blocks up for auction and declined to comment on the need for additional financing

[butzbutz]

Hi Drill-a-Hil

Ich hoffe, Dein feeling ist stark, ausgeprägt und so zielbewußt und ich habe
`mal zur momentanen Situation, nach meinem posting # 558 vom 17.01. zur
Frage der anstehenden Entscheidung (symm.Dreieck) zwei Grafiken, wie nachstehend, angefertigt:

siehe selbst, der Markt sieht es im Moment charttechnisch nicht so
euphorisch, negativer Ausbruch aus symm.Dreieck, allerdings noch nicht
signifikant. Außerdem handelt es sich hier um einen Explorer und eine
pos. News-Release stellt hier charttechnisch alles auf den Kopf!

Also, time will tell
so long butz und Grüße

[Drill-a-Hill]

Zitat von Drill-a-Hill: I have a feeling...

> 5CAD heute
> 6CAD februar
> 7CAD spud-in wingat

mögliche kurzfristige SharePrice-Driver:

Daten zu farmout in Namibia mit neuem Major als Partner;
Petrobras farm-in Solimoes mit Plan zur Gas Monetization;
Detailierte Presentation zum 280-tägigen Drillingplan in Namibia;

alles nur Vermutungen, time will tell...

GLA

Hi butzbutz,

sorry ich meinte nätürlich BRL nicht CAD

für die GDRs dann

>1.25 CAD
>1.50 CAD
>1.75 CAD

in Brazil, wo ja das größte Volumen gehandelt wird, scheint es charttechnisch anders auszusehen, wenn auch nicht unbedingt besser...

Schönen Tag noch,

DaH

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.048.893 von Drill-a-Hill am 22.01.13 14:08:58

Bisher wurden die minutes immer noch Tag-gleich rausgeschickt-gestern kam leider nichts mehr,

"Submission of the minutes of the Board of Directors’ Meeting to BM&FBOVESPA 01/22/2013"

, möglicherweise wurden Kurs-sensible Entscheidungen getroffen und wir können bald mit einer BOOOOM-DAY-NEWS-RELEASE rechnen?!

GLA

[links-zwo-drei-vier]

Es lauern aber auch überall Schnäppchen!



L234

[Drill-a-Hill]

oh-ooh...

4,4 BRL not good

[butzbutz]

DaH, hier die nachweisliche Vorgabe von der HEIMATBÖRSE São Paulo, der
Markt sieht es wie in TORONTO noch negativ, auch hier der Ausbruch
aus dem symm.Dreieck.

So long butz und Grüße

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.053.820 von butzbutz am 23.01.13 14:04:36

Minutes of the Board of Directors’ Meeting held on January 22, 2013*
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=…
nur auf portugiesisch...

, The counselor Elias Wagner Peres presented to the other directors, to science, the current status of the ongoing negotiations on the farm down of assets in Namibia. Informed the other directors, have received new proposal involving the PEL. 28, which is being analyzed. The Board recommended that the results of this analysis are taken consideration at its next meeting.

Gute Nachricht, man will dieses Farmout, aber man nimmt sich dafür Zeit, weiterhin keine Details hierzu..

[butzbutz]

[links-zwo-drei-vier]

Namibian MME Approves the Transfer of Rights and Obligations

RIO DE JANEIRO, Jan. 24, 2013 /CNW/ - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) announces that, the assignment of a 14% participating interest in the exploratory rights over three (3) offshore Petroleum Exploration Licences (PEL) in Namibia to Galp Energia, was approved by the Minister of Mines and Energy ("MME") of the Government of Namibia.

As informed by the Company on November 26, 2012, this assignment is related to PEL 23, located in the Walvis Basin, and PELs 24 and 28, both located in the Orange Basin. HRT will retain operatorship of these PELs.

"With this formal approval by the Government of Namibia, HRT has fulfilled all the requirements of the Farm-Out Agreement and we can confirm we will commence operations in 1Q13 for our exploratory campaign in Namibia. We are confident that HRT is on the right track to accomplish its objectives", said Marcio Rocha Mello, Chief Executive Officer of HRT.

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

Sedar Profile # 00031536

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Quelle: http://www.bloomberg.com/article/2013-01-24/aKnm.qG9c4v8.htm…

L234

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.062.196 von links-zwo-drei-vier am 25.01.13 07:47:49

Come on Mr. Drill Deep also known as Mr. 10-billion-barrel-man get us some billion boe's in Namibia too, wie schon in Brazil mit Tupi

[Drill-a-Hill]

Hello und schönes Weekend,

Marianas kurz vor Angola...
(2013-01-26 13:01:00)

Zitat von Drill-a-Hill: TRANSOCEAN MARIANAS

http://www.marinetraffic.com/ais/de/default.aspx?oldmmsi=538…

Drill-a-Hill

[butzbutz]

Nachstehend die momentane Situation von der Nebenbörse TORONTO (ADR`s) in zwei
Grafik-Darstellungen.

Aus der mittelfristigen Grafik (6 Monate) ist zu ersehen, dass der SK seit
einigen Tagen den neuen Uptrend-Kanal an der unteren Kante (blaue Linie. verlasen hat.

Der darüber liegende GD 50 Tg., bei momentan 1.27 CAD, bildet dann wieder bei
einem weiteren Aufwärtstrend einen 1. Widerstand dar.

Die gestrigen Schlussdaten von der NEBENBÖRSE TORONTO sahen wie folgt aus:

1.22 CAD = 0,900 € = Plus 4,27 % (zum Handelsvortag)= Volumen 62.050 shares

[butzbutz]

Die heutigen Schlussdaten von der NEBENBÖRSE TORONTO sahen wie folgt aus:

1.17 CAD = 0,864 € = Minus 4,10 % (zum Handelsvortag)= Volumen 85.903 shares

[butzbutz]

Nachdem an beiden Börsen, der HEIMATBÖRSE São Paulo, wie auch an der
NEBENBÖRSE TORONTO (siehe Grafik) das symm.Dreieck negativ verlassen wurde,
tendiert der Kursverlauf leicht negativ bis neutral, wobei charttechnisch
sich die Orientierung zumindest wieder kurzfristig am langfristigen Downtrend
(dicke rote Linie) zu halten scheint.
Dabei ist nicht außer acht zu lassen, dass das Ganze aus der Sicht eines
Junior-Explorers zu sehen ist, und eine NR die ganze Charttechnik sofort
ad absurdum erscheinen lassen würde.

[Drill-a-Hill]

This company has the dream and goal of becoming one of the largest independent companies on the planet
- Mr. Ten Billion Barrel, Marcio Rocha Mello

[Drill-a-Hill]

TULLOW OIL?!?

aus dem letzten board meeting:
Company had received a commercial proposal in relation to the PEL # 28,

Pel 28 ist direkt um das Kudu Gas Field wo Tullow Operator ist,

Further down the West African coast in Namibia, Tullow said the long-delayed Kudu gas-to-power project is moving closer to development.
"Tullow has invested a lot of money in this and we want our money back," O'Hanlon said.
He pointed to the power crunches expected in Namibia and South Africa, meaning the Kudu project should move forward.
"Its time has come," he said. (31Oct2012)
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/886889…

Könnte sein das Tullow hier Interesse hat???

Mich würde es freuen, der Zugang zu den Kudu-daten als topping - not bad IMO

GLA

[butzbutz]

Nach dem negativen Ausbruch aus dem symm. Dreieck an der HEEIMATBÖRSE São Paulo,
hier zum besseren Fokus nachstehend immer aktuelle 5 Verlaufs- BAR-Charts in sich selbst
aktualisierender Ausführung in den Darstellungen:


Intraday, 30 Tg./2 M./6 M./ 1 Jahr


INDTRAY-Verlaufs-Chart-São Paulo:
- sich selbst aktualisierend -


30 Tage-Verlaufs-Chart-São Paulo:
- sich selbst aktualisierend -


2-Monats-Verlaufs-Chart-São Paulo:
- sich selbst aktualisierend -


6-Monats-Verlaufs-Chart-São Paulo:
- sich selbst aktualisierend -


12-Monats-Verlaufs-Chart-São Paulo:
- sich selbst aktualisierend -

[butzbutz]

HRT-REALTIME-Chart/Kurse von der HEIMATBÖRSE São Paulo:
- selbst aktualisierend - (REAIS-BR)








HRT-REALTIME-Chart/Kurse von der Nebenbörse TORONTO:
- selbst aktualisierend - (CAD)

[Tomu]

irgendwie mag ich die aktie nicht mehr... :-( was ist da los? gibts ja nicht..

[2meterwaller]

Antwort auf Beitrag Nr.: 44.089.472 von Tomu am 31.01.13 20:19:54

Na ist doch klar, schau einfach mal auf die Bewertung. Hier ist noch viel Luft nach unten.
Außer dicke Backen kriegt der CEO nichts auf die Reihe.

Die Anleger registrieren das langsam...

[Drill-a-Hill]

Guten Morgen,

was für ein Trauerspiel in Brazil, nicht nur mit HRT...

The industry is suffering these days, with Petrobras ( PETR3 ; PETR4 ) also plummeting, "says Pereira.
Shares of OGX Petroleo ( OGXP3 ) are in free fall this week, accumulating losses of 14.73% until 15:40 (GMT) on Thursday (31), reaching R $ 4.11
http://translate.google.com/translate?sl=pt&tl=en&js=n&prev=…

Bin gespannt auf den kommenden Newsflow
,speziell auf die FarmOuts in Namibia

GLA

[Olaf2007]

OGX Petróleo e Gás Participações meldet einen Fehlschlag:
http://www.bloomberg.com/news/2013-01-31/ogx-dry-well-increa…

Also werden alle anderen Aktien, die mit Öl zu tun haben, auch verkauft.

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.091.377 von Olaf2007 am 01.02.13 10:40:36

Crazy World.....

[Petronius]

SALVE!

Wenn ich OGX und HRT per 1 Jahr vergleiche, geht es OGX schlechter.

Einfaches Einfügen von wallstreetONLINE Charts: So funktionierts.

Wieso stehen die denn so schlecht? Immerhinh haben die doch schon produzierende Quellen. Dann ist ein dry hole sicher schlecht.
Muss man dann einen deutlicheren Sturz annehmen, wenn HRT mal daneben sticht??

OGX hat ev. noch einen anderen Vorteil. Wenn der Kurs zu sehr absäuft, dürfte der Chef doch einsammeln. Kohle hat der Kerl ja.
Und HRT?? War das wieder so eine Goldman-Aktion??

Es gibt noch eine anderes, systemisches Risiko für fallende Kurse.
Es wird immer öfter über einen Dollarkollaps wgen US-Pleite März/April gemunkelt. Ein solches Ereignis würde weltweit Kurse drücken und wäre ein Fest für alle mit Cash.

Noch mal zur Terminplanung: Wann beginnt Bohrung und wie lange dauert Erreichen der Zieltiefe?? Läuft das ev. in die selbe Zeitschiene ein?

Petronius

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.093.538 von Petronius am 01.02.13 16:47:37

Salve Petronius,

der RIG ist auf dem Weg, das 280-tägige Bohrprogramm sollte im März mit dem Wingat-prospect beginnen (ca. 60 Tage für Wingat)
http://www.rigzone.com/news/oil_gas/a/123474/HRT_Lines_Up_Tr…

GL

[Petronius]

SALVE Drill,

Danke.

Von der Terminierung ist da prima. Bohrergebnisse kann man irgendwann im Mai erwarten. Und wenn vorher ein Dollar-Knall stattfindet, dürfte das Kaufkurse produzieren BEVOR man Ergebnisse hat.

Bin gespannt, ob in der nächsten Zeit noch mal Kurse unter 1 CAD getestet werden.....


Petronius

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.095.449 von Petronius am 02.02.13 08:44:40

Guten Morgen,

typischerweise verkaufen viele in die laufende Bohrung hinein weil sie das Risiko scheuen -offshoredrilling kostet hier ca. $1Mio/day- und schaffen dadurch niedrigere Kaufkurse, je nachdem ob Ergebnisse nach außen dringen oder nicht kann man dann in manchen Fällen am gehandelten Volumen mit der entsprechenden Richtung erkennen ob Erfolg/Misserfolg zu erwarten ist, habe da schlechte Erfahrungen mit Chariot O&G gemacht, wo es kurze Zeit vor Veröffentlichung von Bohrergebnissen zu hohen Verkäufen kam und ich leider nicht entsprechend reagiert habe, Duster und Kursabstürze waren die Folge...

HRT ist allerdings eine komplett andere Story,
Wir haben bereits 10 Bohrungen in Brazil hinter uns, mehrere sehr erfolgreiche Gas-Discoveries, man ist dabei mit Petrobras zu erörtern wie man das Gas verkaufen kann, ein LOI wurde hier unterschrieben, Öl wurde auch gefunden aber bisher leider nur in reservoirs mit schlechter Porosität,

-by the way gestern kam eine Meldung das Petrobras direkt neben uns im Solimoes Basin wieder in Block SOL-171 auf Öl gestoßen ist-
http://www.bloomberg.com/news/2013-02-01/hrt-climbs-after-pe…


, HRT hat ein sehr erfahrenes von ehemaligen Petrobras-Experten aufgebautes Team, viele die an den Multi-Milliarden-BOE-Funden in Offshore Brazil beteiligt bzw verantwortlich waren, HRT macht mit IPEX, heute bestandteil von HRT, viele Millionen Dollar Gewinn One of the largest and the best chemical analysis laboratories in Latin America equipped with the state-of-the-art technology to support the petroleum E&P industry., das Know-How hier ist Excellent!

Was den Kurs mit unter momentan drückt (abgesehen von Charttechnik und Daytradern) ist die Tatsache das man noch immer nicht weiß wer wieviel für das 280-tägige Bohrprogramm bezahlt, es geht hier immerhin um bis zu 300 Millionen Dollar, ein FarmOut mit Galp Energia hat man schon erzielt, 14% 3er Lizenzen, am 2ten wird gearbeitet und erst NACHDEM man auch dieses hinter sich hat (man lässt sich hier nicht in die Karten schauen) kann der Markt über die Details informiert werden, leider wird bis dahin auch nicht weiter auf das Bohrprogramm öffentlich eingegangen, alles Punkte die meiner Meinung nach für Investoren entscheidungsrelevant wären, wir werden uns wohl bis kurz vor Bohrbeginn damit gedulden müssen.

Schönes Wochenende!



GLA

[Olaf2007]

Die Transocean Marianas ist in Walvis Bay angekommen:
http://www.marinetraffic.com/ais/default.aspx?mmsi=538002209…

[links-zwo-drei-vier]

Aktualisierung der schönen RT-Charts von butzbutz:


HRT-REALTIME-Chart/Kurse von der HEIMATBÖRSE São Paulo:
- selbst aktualisierend - (REAIS-BR)



HRT-REALTIME-Chart/Kurse von der Nebenbörse TORONTO:
- selbst aktualisierend - (CAD)




L234

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.113.498 von Olaf2007 am 07.02.13 11:17:29

Guten Morgen,

http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=…
Rio de Janeiro, February 7th, 2013 –
As noted by the Company on January 15, 2013, the Marianas is expected to commence drilling
operations on the Wingat Prospect, in Walvis basin at HRT’s Petroleum Exploration License 23
(PEL-23), by March 2013. Wingat is located at a water depth of 1,000 meters and drilling
operations are expected to last approximately 60 days.

by the way, zu Goldman Sachs:

February 7, Disposal of Material Equity Interest
14,241,500 shares, which represents 4.82% of HRT’s voting capital.
January 15, Acquisition of Material Equity Interest
14,918,857 shares, which represents 5.05%of HRT’s voting capital.
January 3, Disposal of Material Equity Interest
14,613,657 shares, which represents 4.95% of HRT’s voting capital.

GLA

[Drill-a-Hill]

Moin, moin,

Interview mit CEO Marcio Rocha Mello, bzw Mr Drill-Deep, bzw Mr-10bn-boe(4tes v. oben):
http://osixmedia.com/media.aspx

HRT-Update
- HRT-9:best gas-flow in the history of brazil
- HRT-10:3rd best gas flow i.t.h.o.b.
- GAS-Monetization-Plan mit Petrobras und TNK-BP(bzw. später Rosneft)
- 2013-Solimoes Focus auf Seismic und 3 Bohrungen in OIL-Cluster
- Namibia drilling programme: COS: 25-28% (D&M)
- Difference to other companies in the industry: PEOPLE

Short to Mid term vision: 2013 very important for the whole future of HRT
- concluding the study of the monetization of gas: contracts for 15-20 years
- moving rigs to oil clusters
- most important for future of HRT is in Namibia with smallest prospect targeting 5 billion boe (P10) targeting light oil
- we hope (beside Rosneft) for Petrobras as partner in Solimoes


Why should investors consider a long term position in HRT:
- company of people
- power to execute
- upsides for HRT are unique - very few companies in the world can present
- 2013 drilling in Namibia, testing largest potential for oil in the whole southern hemisphere
- potential-PB-Rosneft-HRT-GAS-Monetization
- put our efforts toward oil discoveries
- improvement of drilling: 3000m-well in around 47 days

2013 is only the beginning...

Schönes Wochenende

GLA

[Drill-a-Hill]

Guten Morgen,

Nach den jüngsten Niedrigstkursen habe ich mir heute nochmal die Q3/12-presentation angesehen und den Balance sheet/share berechnet(Fehler vorbehalten ):

BALANCE SHEET - MAIN ACCOUNTS Q3/12(3Q12 Presentation - http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=… )

Cash and Marketable Securities
1.237.094.000BRL(625.722.143USD).......= 4,19BRL( 2,12USD) / Share
Property, Plants and equipment
386.158.000BRL(195.318.716USD)..........= 1,31BRL(0,66USD) / Share
Intangible assets (Namibia&Brazil)
2.534.559.000BRL(1.281.979.938USD)....= 8,59BRL(4,35USD) / Share

= 14,09BRL(7,13USD) / Share

Wir brauchen endlich die Zahlen zu den FarmOuts in Namibia, allein die könnten 100-200Mio USD wert sein...

Namibia Farm-Out-Potential (für 14-35%) IMO
MIO100USD-MIO200USD................= 0,67BRL-1,34BRL(0,34USD-0,68USD) / Share

Inzwischen traden wir unter Cash v. 626MioUSD(Q3/12)
295mio sh........... * 3,8BRL(1,922USD)= 1,12MilliardenBRL(566,99MioUSD)
, für mich wieder mal Zeit aufzustocken!

GLA und einen schönen Sonntag

[Drill-a-Hill]

Gooood Mooorrnning!

Kaum ist die Börse in Rio geschlossen, sehen wir Canada steigende Kurse,

1.09CAD +0.07 (+6.86%) Die Shorter tanzen derweil Samba

GLA

[links-zwo-drei-vier]

Aus dem englischen "iii-Thread" von Chariot Oil & Gas:


HRT Participacoes Has An Asymmetric Risk/Reward Profile

Part 1/3: http://seekingalpha.com/article/1068871-hrt-participacoes-ha…

Part 2/3: http://seekingalpha.com/article/1089981-hrt-participacoes-ha…

Part 3/3: http://seekingalpha.com/article/1174711-hrt-participacoes-ha…


L234

[Drill-a-Hill]

Irgendjemanden aufgefallen?!

Während in Brazil Karneval gefeiert wurde, sind in Kanada die GDRs (HRP) zwischenzeitig um 10% gestiegen auf bis zu 1,11CAD(1HRP=1/2HRT)
1HRT entspräche ca.min.4,2BRL)

Interessiert das Brazil?

Nein, HRT startet heute bei 3,82 BRL!!!

Diese Unterschiede gab es immer wieder wenn in Brazil Feiertag war...
Wie auch immer, ich habe sie nicht genutzt

GLA

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.135.023 von links-zwo-drei-vier am 13.02.13 11:32:17

Nice Find!,

Zur Gas-Monetization halte ich den staatlichen Einfluss auch für sehr vorteilhaft:

Because Brazilian law requires the government to own a controlling stake in Petrobras, and because Brazil imports almost half of its natural gas consumption, it seems obvious to me that if Petrobras were to build an underutilized pipeline from Urucu to Jurua that they would tie-in HRT's natural gas discoveries.

Wie kommt er auf $1/mcf of value, Marcio hat immer wieder gesagt, daß man in Brazil 14$/MMBtu zahlt

Video Minute 10: http://vimeopro.com/user11965995/2012-agora-financial-invest…

So what is it worth? Assigning $1/mcf of value, the estimated 0.35 to 1.13 Tcf of reserves would be worth roughly USD$180 million to USD$550 million net to HRT or roughly $0.30 to $0.93 per share. This is a rough guess with lots of uncertainty.

Die Möglichkeiten in Namibia sind in der Tat Unglaublich,
jedes prospect mit pmean über 1 Milliarde Barrel
Ich denke jedoch jede well steht für sich mit ihrer COS und ist relativ zu sehen, nach ersten erfolgreichen Bohrungen steigen auch die COSs für die anderen prospects und zwar signfikant, siehe AOI und Tullow in Kenya,,,

Die Namibia-Story beginnt Anfang März mit dem Wingat prospect, es geht um >1 Milliarde Barrel bei einer Chance Of Success von ca. 25-30% (und HRT tradet below Cash...)

GLA

[Olaf2007]

Eco (Atlantic) Oil & Gas Ltd. hat am letzten Donnerstag eine neue Corporate Presentation online gestellt, siehe hier:
http://www.ecooilandgas.com/_resources/presentations/Eco_Atl…

Auf Folie 19 wird der Deal zwischen HRT und Galp erwähnt:
GALP farm-in 14% WI on blocks, pay ~ $200m past cost + carry

HRT hat bislang keine näheren Angaben zu dem Deal gemacht. Insofern weiß ich nicht, was von der genannten Zahl zu halten ist.

Eure Einschätzung?

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.150.861 von Olaf2007 am 17.02.13 14:01:52

Meiner Meinung nach zu hoch gegriffen,

kommt mir vor als würde man sich da auf Byron Kings Einschätzung berufen
http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&…
Let's say that a three-well commitment obligates Galp for $200 million -- which is my raw speculation

Geht man von jüngsten deals in Namibia aus (laut HRT Juni presentation)
recent M&A activities in Namibia priced at usd 0.20/boe
käme man auf:
* 5.356 bn boe für (PEL-23, PEL-24, PEL28 (Estimated D&M Resources for Namibian PELs, prospective net risked resources (Pmean)))
davon 14%
*0,14

=USD 150 mio

Zum Vergleich noch ein Farm-In von Galp Energia Farm-In für umgerechnet ca 0.1 USD/BOE in Morroco,
http://www.reuters.com/article/2012/12/03/galp-morocco-farmi…
Wären in unserem Fall ca. USD 75 mio

, also meiner Meinung nach liegt die Summe irgendwo zwischen mio 100-125 USD für die 14% der 3 Blocks,

mit einem 2ten ähnlichem Deal könnten theoretisch die Kosten der 3-4 Drills gedeckt werden, was in meinen Augen ein fantastisches Ergebnis wäre,

Es wird wirklich Zeit die Karten auf den Tisch zu legen, das Bohrprogramm könnte schon in 2 Wochen beginnen!!!

GLA

[Drill-a-Hill]

Guten Morgen,

aus dem Conference Call letzter Woche, letzter Absatz:
Manuel Ferreira De Oliveira, CEO Galp Energia
http://www.galpenergia.com/EN/Investidor/Relatorios-e-result…
Brendan, thank you for the question. If we assume that the three wells are going to be dry, and the total failure in the entrance in Namibia, it will cost us $100 million, including the farm-in that we made. So, it's the type of risk that we are prepared to take. So, it's not too big, not too small, and high potential. You know that in terms of unrisked resources in the three wells, in the three petroleum licenses, we have about 8 billion barrels of unrisked resources. And we think testing it, is worth our $100 million. That's fundamental.

GLA

[Drill-a-Hill]

Tick Tock - Tick Tock - Tick Tock

The Waiting Game....

Unser Partner Galp Energia scheint zuversichtlich zu sein:

"in the three wells, in the three petroleum licenses, we have about 8 billion barrels of unrisked resources. And we think testing it, is worth our $100 million." - CEO Galp Energia

(8 billion barrels * $115 = $920.000.000.000, hehehe , ok wir kriegen keine $115/barrel raus, eher kann man denke ich um die $10/barrel ansetzen wären immer hin = $80.000.000.000 bzw. $266,666/share - I'll take ThaT )

In einer Woche sollte es losgehen

TRANSOCEAN MARIANAS

Position Recorded on:
2013-01-15T23:14:00 (UTC)

http://www.marinetraffic.com/ais/de/default.aspx?oldmmsi=538…

POTENTIAL, POTENTIAL, POTENTIAL,

Exciting times ahead...




ScHönes WochEnde

[Drill-a-Hill]

Hello All,

Aus der neuesten Presentation (05/02):
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=…

____________________________________________________________________________

Solimões exploration has new targets for 2013:
Oil discovery in the Aruã Cluster, Cajazeira Prospect;
Gas Monetization project in partnership with Petrobras;
Farm-down of part of HRT share in the Solimões blocks and reduction of this asset exposure;
Sale of Air Amazonia after proving its feasibility.

New strategy for Solimões Project:
Reduction from 4 to 2 rigs and more efficient wells (less time and costs);
Improvement in seismic quality and extensive acquisition;
Four important gas discoveries;
LOI signed with Petrobras to study gas monetization
PADs of the hydrocarbon discoveries.

Successful Namibia mapping and Farm-Down process:
Farm-Down negotiations ongoing;
Signature with Galp Energia of 14% participating interest in three PELS (PEL 23 in the Walvis Basin and PELs 24 and 28 in the Orange Basin);
Drilling rigs, infra-structure, lead items and support drilling services contracted;
In preparation for first well drilling in 1Q2013.
____________________________________________________________________________

Ziel - Oil discovery in the Aruã Cluster, Cajazeira Prospect;
-Wird HRT-11 die von allen erhoffte erste große Oil-Discovery?
SpudIn in 1-2 Wochen



Farm-Down negotiations ongoing;

... in Namibia sollten die Arbeiten am Rig fertig sein (man sprach am 07/02 von 3 Wochen) noch liegt die Transocean Marianas in Walvis Bay, nächste Woche werden die Q4/12 Zahlen veröffentlicht, ich denke da sollten auch die Daten zu den FarmOuts veröffentlicht werden...

Mehrere High Impact wells dieses Jahr, 2 von Ihnen beginnen in Kürze

GLA

[links-zwo-drei-vier]

Aktualisierung der RT-Charts von butzbutz:


HRT-REALTIME-Chart/Kurse von der HEIMATBÖRSE São Paulo:
- selbst aktualisierend - (REAIS-BR)



HRT-REALTIME-Chart/Kurse von der Nebenbörse TORONTO:
- selbst aktualisierend - (CAD)



L234

[Drill-a-Hill]

Hallo,

In den letzten Wochen bzw Monaten hat HRTs Markt Kapitalisierung mehr oder weniger dem Cashbestand entsprochen,

ASSETS worth ZERO - you know what zero means? wie Marcio Mello so schön sagte,
http://vimeopro.com/user11965995/2012-agora-financial-invest…

Bei einem Cashbestand Ende Q3 von ca. $635MIO und einer CashBurnRate von $2MIO/day, scheint sich daran mit der momentanen MK von ca. $535MIO nichts zu ändern, sie spiegelt imo die Erwartung des derzeitigen Cashbestandes wieder,
vielleicht gibt es aber morgen zur Veröffentlichung der Q4-Zahlen -
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&tipo=3…
- doch noch Überraschungen - wie z.B. Gelder aus den FarmDown-Prozess in Namibia & Brazil, oder aus dem Verkauf AirAmazonias, Erwartungen zur Gasmonetization, CashCall mit TNK-BP, usw...

Am Dienstag dann der Conference Call zu den Q4/12 Ergebnissen
http://webcast.mzvaluemonitor.com/Cover.aspx?PlatformId=803

GLA

[Drill-a-Hill]

sorry,
CBR=2MIO Brasilianischer Real nicht Dollar

[Dadak]

Antwort auf Beitrag Nr.: 44.209.161 von Drill-a-Hill am 03.03.13 22:53:37

Hallo zusammen
habt ihr gehört von den Bohrungen (zumindest eine) sie liegt in einer
Erdbeben Region und daher sind die Aktien runtergerutscht?
Gruß an euch
Übrigens danke für eure Beiräge
Dadak

[links-zwo-drei-vier]

Byron King still Bullish on HRT

Dear Reader: Greetings from Houston, where the weather is delightful - certainly warmer than back home, in chilly Pittsburgh. Of course, I might say That same thing in a different context if I come down to Houston in, say, the middle of July. Things are bustling in this part of Texas. The economy looks good. There are construction cranes all over the place, with buildings going up across the horizon. There are lots of late-model cars. And plenty of familiar names, the I drive around ... Tenaris (TS: NYSE), McDermott (MDR: NYSE), FMC Technologies (FTI: NYSE), Halliburton (HAL: NYSE) and many more. It's energy-ville, down here . Right now, that means money. HRT is Ready to Drill Why Houston? Several Reasons, but among other draws, I visited the offices of HRT Petroleo (HRP: TSX-V) is a complete update. HRT has a contract for the semi-submersible drilling rig Marianas, owned by Transocean (RIG: NYSE). Marianas Undergoing maintenance and inspection is at Walvis Bay, Namibia. Next week, the small fleet from Maersk will tow her about 120 miles west of Walvis Bay There, in the water column over 3.600 feet deep, HRT will spud the first of a four-well program. "We've been drill-ready since November, "said Wagner Peres, President of HRT America, the U.S. Subsidiary of the Brazilian parent HRT. That is, all the geology, the geophysics, the science was done. All the permits were in place. All the long-lead items were staged ashore in Namibia. The overall logistic plan was done. The contracts were in place. The bank letters of credit were there. Everything ... last November. Why the wait, you ask? Well, in offshore drilling, you want to be ahead of the curve. You do not want last-minute surprises. The project was geared towards timing Obtaining the rig from Transocean. RIG owns the ship, after all. Earlier, Mariana was working for Italian giant ENI, offshore Gabon. When the play was finished ENI, Transocean released the vessel to HRT for the long tow down the west coast of Africa to Namibia, using tow-Maersk ships. No problems. After arriving in Namibian waters, Mariana spent a month in the shipyard at Walvis Bay There, Transocean Performed maintenance, while a duplicate set of inspectors hired by HRT Also went over the rig from top to bottom. No one wants any issues Out in the choppy waters of the South Atlantic, far from the nearest repair facility. Nothing is too small to overlook, certainly When It Comes to offshore work. Everything gets a review. Every pipe, valve, motor, drain and more. Every piece of steel plating for corrosion Receives scrutiny, along with the Welds. If something is wrong, you fix it. If something is wrong with an older component, you might have to manufacture a new part to spec, and then you fix it. Their Own The get cranes, special extreme level of scrutiny. They must work all the time, out at sea, because that's how things get moved from the logistic ships to the drill deck. In cranes, the supplies in drilling. Leave nothing to chance or fate, with the cranes. Lay eyeballs everywhere. If you're wondering about the cost of all this, HRT paid a "charter" rate for the rig while under tow. From Transocean's perspective, it's HRT's rig while in transit. But in Walvis Bay, for inspections, the cost shifted back to Transocean. From HRT's perspective, it's Transocean's rig while in the yards. When the rig moves towards the drill site, next week - a prospect named Wingat - the day-rate kicks in for HRT. Big bucks. Speaking of bucks, When the drilling vessel on-station moves, HRT will make the call for funds to partner Galp Energia, the national company of Portugal. Galp has escrowed funds to pay HRT, for its share of drilling expenses. It's real money. In the bounced checks. Out at Wingat, HRT and the people will Transocean September anchors to the seabed - yes, giant anchors That descend over 3.600 feet to the ocean bottom. Then, When the drilling vessel is stabilized, down goes the initial surface casing. The drillers will "water jet" the casing into the mud, to the point of impenetrable resistance. Then down goes all Manner of subsea equipment, to sit on top of the casing. And then comes the real fun. The plan is to drill for about 40 days, to a depth of about 12.000 feet below seafloor. The target is a distinct seismic reflector That has every characteristic of carbonate rock, and other distinct characteristics of hydrocarbon charging. Will we find oil or gas? It's supposed to be there, but we have only one way to know for sure. How big is the prospect? There's no "right answer" on this one. The structural closure is over 10.250 acres - eleven square miles or so, with about 150 feet of potential net pay. That's a lot of acre-feet of reservoir. So says the seismic, anyhow. Still, it's all a series of probabilities, based on all Manner of geological assumptions. One case is reasonable at 400 million barrels Wingat, but maybe more or less. You have to drill the well, right? Wingat seismic structure is a large, highly defined by millions of dollars' worth of seismic work over the past three years. Some of the seismic number-crunching That was so complex it required 14 months of processing on super-computers by CGG Veritas - among the gold-standard for this kind of work. the resulting geologic model is stunning. It's a large, ancient reef structure. You can literally see the "pro-grade" sequencing, from the depositional cycles in the proto-Atlantic Ocean That 140 million years ago formed the Africa and South America moved apart. In a very general way, the Wingat structure reminds me of the Permian Reef structures Out in West Texas. Wagner and I went over everything, together. We the seismic reviewed journals, of course. We Talked geology, and mentally went through the overall play. We discussed the rig, the drilling plan, the well construction, the pipe specs - pipe from Sumitomo, by the way. mention That I Should one of the critical service providers is none other than Schlumberger (SLB: NYSE). Schlumberger will take care of all Manner of down-hole work, including logging, cementing and completion. On this last point, I must note That it's quite a coup for the "new" company like HRT to have such an impressive set of major contract partners. Really, Transocean and Schlumberger can pick and choose Their customers. They do not work with operators That Do not bring solid experience and professionalism to the table. It's a testament to the staff at HRT That Their skill level and background is such as to attract two of the best companies in the industry to the program. Then again, there's something in this for RIG and SLB, too. Suppose That HRT finds what it's looking for - large Amounts of hydrocarbon. This makes Namibia the "next big thing" in terms of frontier exploration. Every offshore oil developer in the world will take notice. And if it's a Transocean rig, with Schlumberger services? There are serious bragging rights at stake. "Byron, please tell your readers we have That done everything we possibly, humanly can do to make this effort a success," said Wagner. "Now we have to drill the wells. And we know how to drill wells, "he added. Best wishes to HRT. Four wells, starting next week. Nine months of contract time with Transocean. Service-Schlumberger on the roster. Four wells - four chances for finding oil and gas. That's the investment opportunity. Or said another way: Transocean, Schlumberger and 400 million barrels of potential oil pay, all for less than a buck a share! That's HRT. Thanks for subscribing. Have a great weekend. ... Best wishes Byron W. King

Quelle: http://www.iii.co.uk/investment/detail/?display=discussion&c…

L234

[Dadak]

Antwort auf Beitrag Nr.: 44.211.253 von links-zwo-drei-vier am 04.03.13 15:17:40

1 Mio Barells Dank, links zwo drei

[Drill-a-Hill]

Zitat von Drill-a-Hill: Hallo,

In den letzten Wochen bzw Monaten hat HRTs Markt Kapitalisierung mehr oder weniger dem Cashbestand entsprochen,

ASSETS worth ZERO - you know what zero means? wie Marcio Mello so schön sagte,
http://vimeopro.com/user11965995/2012-agora-financial-invest…

Bei einem Cashbestand Ende Q3 von ca. $635MIO und einer CashBurnRate von $2MIO/day, scheint sich daran mit der momentanen MK von ca. $535MIO nichts zu ändern, sie spiegelt imo die Erwartung des derzeitigen Cashbestandes wieder,
vielleicht gibt es aber morgen zur Veröffentlichung der Q4-Zahlen -
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&tipo=3…
- doch noch Überraschungen - wie z.B. Gelder aus den FarmDown-Prozess in Namibia & Brazil, oder aus dem Verkauf AirAmazonias, Erwartungen zur Gasmonetization, CashCall mit TNK-BP, usw...

Am Dienstag dann der Conference Call zu den Q4/12 Ergebnissen
http://webcast.mzvaluemonitor.com/Cover.aspx?PlatformId=803

GLA

---> 1.052.000 BRL bzw. ca. 535.000.000 USD in Cash, wie vom Markt erwartet IMO,

MarktKapitalisierung, nach dem Anstieg gestern allerdings leicht höher: ca. 1.118.050.000 BRL bzw. 564.839.000 USD

CC ist um 1500, Marianas nach wie vor, vor Anker

GLA

[links-zwo-drei-vier]

Heute:

HRT-Conference Call

9:00 a.m. (NY Time)
11:00 a.m. (Brasília Time)
Phone: [phone]
Toll Free (USA): [phone]

Quelle: Newsletter



L234

[Drill-a-Hill]

WINGAT SPUD-IN MITTE MÄRZ- aus dem CC

[butzbutz]

HRT-REALTIME-Chart/Kurse von der HEIMATBÖRSE São Paulo:
- selbst aktualisierend - (REAIS-BR)


Ibovespa (Bras.-INDEX)

http://de.advfn.com/p.php?pid=qkchart&symbol=IB





HRT-REALTIME-Chart/Kurse von der Nebenbörse TORONTO:
- selbst aktualisierend - (CAD)


S&P TSX Composite (Kanad. INDEX)

http://de.advfn.com/p.php?pid=qkchart&symbol=T^OSPTX

[Jaider]

Hallo, wieso steht auf RIGZONE bei Transocean Marianas
Status: Drilling
Operator: HRT

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.217.627 von Jaider am 05.03.13 20:04:51

Hallo,

ich nehme an sie haben den Bohrbeginn für Ende Feb. Anf. März in Ihrem System gespeichert und nicht mehr angepasst, laut HRT aus dem Conference Call beginnt die Bohrung von Wingat Mitte März, frühestens Anfang nächste Woche, Marianas nach wie vor in Walvis Bay:

http://www.marinetraffic.com/ais/de/default.aspx?oldmmsi=538…

Good Luck!

[Drill-a-Hill]

FarmOut in Namibia open till hitting the main objectives of the well

Man wird weiter, in die Bohrung hinein, mit möglichen Partnern über ein FarmIn verhandeln (common practice)

aus dem Conference Call
(min 59:59)03/05/2013 podcast
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=…

[links-zwo-drei-vier]

N$2,2 billion oil drilling starts in Nam waters

06.03.2013, By: ADAM HARTMAN at WALVIS BAY

IN the next two weeks the Brazilian oil and gas exploration company High Resolution Technology (HRT) will move the ‘Transocean Marianas’ semi-submersible drilling rig to potential oil wells off the coast of Namibia to begin a N$2,2 billion, eight-month operation.

The operation was announced on Monday during a site visit and briefing onboard the rig currently undergoing maintenance in the Walvis Bay harbour. The briefing was attended by Namibian businessman Knowledge Katti, Prime Minister Hage Geingob, Minister of Mines and Energy Isak Katali, former President Sam Nujoma and Member of Parliament Ben Amadhila.

According to a press statement from HRT, oil specialists believe that the similarities between Brazil’s southeast basins and those along the Namibian coast will put Namibia “in the global oil and gas exploration and production scenario”.

In two weeks’ time, drilling will start at three exploration wells, which aim to test the total potential volumes. The first licence areas to be drilled will be ‘Wingat’ and ‘Murombe’, followed by ‘Moosehead’.

According to the rig marshall, Dave Sutherland, the rig will be towed to the first of the wells, which is just over 200 km south-west of Walvis Bay.

Geingob was informed that drilling will continue for about eight months, but as soon as eight weeks after drilling starts Namibia might know if it indeed does have viable oil reserves. It was noted during the briefing that Namibia has large potential reserves that “cannot be missed” by drilling operations.

The entire drilling exploration could cost over N$2,2 billion – with more capital commitments following, according to Katti, who is responsible in facilitating in HRT’s drilling operations in Namibia.

At present, HRT is the largest holder of Namibian offshore concession areas. It owns 12 exploration blocks, which cover an area of approximately 68 800 square kilometres.

In 2011 it was reported that another company, Chariot Oil and Gas, with Swapo Ndume’s Enigma Investment as Namibian partner, would drill its first oil well. Chariot claimed that there were about 15.5 billion barrels of oil in exploration blocks in the Namibe, Lüderitz and Orange basins.

Quelle: http://www.namibian.com.na/news/full-story/archive/2013/marc…

L234

[Drill-a-Hill]

HRT SIGNS A BINDING TERM SHEET FOR THE SALE OF ITS AIR LOGISTICS BUSINESS
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&tipo=3…
The agreed-upon total transaction price would be US$65 million to US$75 million contingent upon meeting certain contractual terms.

[Drill-a-Hill]

Guten Morgen,

die Maersk Traveller (Bild), die uns von Ghana nach Namibia gezogen hat, ist heute Morgen unserer Transocean Marianas verdächtig nahe gekommen und liegt jetzt neben uns in Walvis Bay,...

http://www.marinetraffic.com/ais/de/default.aspx?mmsi=220591…



Good Luck All

[gabbo62]

http://allafrica.com/stories/201303080338.html

Namibia: HRT to Start Drilling for Oil

BY FIFI RHODES, 7 MARCH 2013

Walvis Bay — HRT has begun drilling in the quest to find conclusive results on whether or not there is oil off the Namibian coast.

The Brazilian listed petroleum exploration firm started raising the more than N$2.7 billion required for exploration two years ago on various stock exchanges.

Last week the African subsidiary, HRT Africa, took delivery of the leased Transocean Mariana semi-submersible drilling unit. The rig will anchor 220 nautical miles off the coast in the Walvis Basin, where it will drill as deep as 7 000 feet. HRT is the second company to drill for conclusive results, following the drills done by another exploration firm Chariot Oil & Gas, whose results came back empty.

The two wells drilled were dry even though earlier seismic data indicated the presence of petroleum. Chariot Oil & Gas has now suspended its drilling activities in Namibian offshore waters until 2014. Chariot Oil & Gas Namibia is partly owned by Namibian petroleum aspirant entrepreneur Heindrich Swapo Ndume through Enigma Oil and Gas.

Two years ago HRT announced that it found more than '200 oil seeps' in Namibia's offshore basin, in deeper water in the Walvis and Orange basins, west of the Kudu gas field. HRT Africa features another Namibian petroleum aspirant entrepreneur Knowledge Katti. HRT however says its faith in the presence of oil in the Walvis and Orange basins is rooted in the fact that the two basins mirror the Santos and Campos basins in Brazil where the biggest crude oil discoveries have been made.

Hundreds of millions of years ago Africa and Brazil were one continent, hence the tectonic plates are the same. This has been confirmed by HRT Africa's exploration survey using 2D seismic data as well as ultra sound technology. "There are known analogues that are similar for petroleum systems found at Santos and Campos basin in Brazil," Dr Marcio Rocha Mello, chief executive officer for HRT Brazil said melodramatically two years ago.

Even though all tests have indicated that there is some sort of activity, there could still be disappointment in that the drilling results could unearth gas fields instead of oil fields. All tests so far indicate that. The only disappointment would be to find gas fields instead of oil fields.

"There is definitely not only water down there. It can be gas or oil. But it's not only water," Mello had said. HRT was so confident two years ago that the company made a public pledge to give N$10 000 to marine ecosystem preservation by this year - "a dollar for every oil barrel produced," in apparent reference to the amount of estimated oil reserves.

HRT Africa promised N$350 000 a year to marine preservation, by 2020, again a dollar for every oil barrel produced, which gives a production of 350 000 crude oil barrels per annum estimate. HRT has said the presence of Kudu gas is already an indication of oil presence, somewhere along the basins, and uses the example of a child and a mother. "If you find a baby crying you have to look for its mama," Mello famously uttered with the mother being the oil deposits.

[Drill-a-Hill]

Zitat von Drill-a-Hill: Guten Morgen,

die Maersk Traveller (Bild), die uns von Ghana nach Namibia gezogen hat, ist heute Morgen unserer Transocean Marianas verdächtig nahe gekommen und liegt jetzt neben uns in Walvis Bay,...

http://www.marinetraffic.com/ais/de/default.aspx?mmsi=220591…



Good Luck All

Nachdem die Traveller gestern wieder ihre Position vor der Küste eingenommen hat, steht sie jetztwieder bei der Transocean Marianas

GLA

[Olaf2007]

Es tut sich wieder etwas: Die SIEM LOUISA, ein Offshore Supply Ship, liegt jetzt neben der Transocean Marianas.

http://www.marinetraffic.com/ais/de/default.aspx?mmsi=258666…

[links-zwo-drei-vier]

Namibia’s oil and gas exploration gains momentum

The Transocean Marianas has recently left the port of Walvis Bay after extensive maintenance and preparation work was carried out for the rig’s envisaged exploration drilling work near Walvis Bay. The rig will lay in the bay for a few more days for testing before she sets sail in a north westerly direction the first targeted drilling area.

“Things have moved apace in the oil and gas industry in Namibia. We are very excited about the year ahead”, said Cronjé Grane of Manica’s Oil and Gas division, about the recent developments in Namibia’s budding oil and gas sector. Grane is stationed in Lüderitz to oversee the logistics support to the Brazilian oil company, HRT’s drilling campaign. Last year two wells were drilled by the oil company Chariot; one in the northern block near the Angolan border and the other close to Lüderitz. These wells, however, did not produce the desired result, and further drilling of wells is planned for 2013 and 2014.

According to the General Manager for Manica Oil and Gas, Patrick Kohlstaedt, the group’s diverse service portfolio is geared for the most stringent of requirements. “In the oil and gas sector, we have been involved in all shore base and drill unit attendances in Namibia since the start of exploration activities in the 70’s. Since then the needs of such exploration and drilling campaigns have changed, and we as logistics support, had to adapt and expand our service range,” he said.

Although a lot of hype was created in the media in the past year about the thousands of jobs the industry would create, Namibia’s oil and gas industry has started up very slowly. “This is because the logistics of getting everything in place is immense. Even before the actual drilling starts, seismic readings and other exploration work has to be carried out, and it is very expensive. Oil companies often have to find investors, rigs and suitable personnel before they can start with operations,” said Paul Wolff, another member of the oil and gas team.

“It’s still early to say how Namibia’s oil and gas industry will affect the country’s economy, as many of the prospective oil companies are foreign. What we can say is that Namibians will benefit from the industry as it will create job opportunities and generate revenue in various other sectors, and not only in logistics. From our side we ensure that we use only Namibian suppliers as far as we can,” he added

The first well to be drilled is known as PEL 23 Wingat-1 in approximately 1005m of water and about 100 sea miles northwest of Walvis Bay. From there the rig is bound for Namibia’s southern port where Manica will also provide cargo logistics services to the drilling campaign from Lüderitz.

Apart from the normal logistics services, Manica Oil and Gas also assisted the drilling campaigns with acquiring land, importing specialised equipment and drilling material, providing technical and logistics support to oil companies such as Chariot, Petrobras, and of late the Brazilian oil giant, HRT.

Article contributed by Manica, Walvis Bay

Quelle: http://www.walvisbaycc.org.na/?p=1397

L234

[gabbo62]

Brazil's HRT in Talks to Sell Additional Stake in Offshore Namibia Blocks

Brazilian oil startup HRT Participacoes em Petroleo SA (HRTP3.BR) is in talks to sell an additional stake in its blocks off the coast of Namibia, with the cash earmarked to fund drilling of a fourth deep-water well, HRT Chief Executive Marcio Rocha Mello said in an interview Wednesday.


HRT has curtailed spending and sold stakes in some of its exploration blocks over the past year after investors bailed out of the company's shares amid questions about whether HRT would be able to deliver concrete results. HRT ended 2012 with about one billion Brazilian reais ($509 million) in cash, which will climb slightly after the company finalized the sale of its aviation unit for about $75 million.

"Cash preservation is very important," Mr. Mello said, in explaining the company's decision to sell an additional stake in its Namibian blocks. "We need to share risk. We need to find a partner."

Negotiations are under way with several companies, and HRT is "very confident" it can reach a deal before the company completes drilling of its first well off the coast of the West African nation in about two months. Work on the first well, called Wingat, should start in "five or six days," Mr. Mello said.

HRT has enough cash to fund its investment plan "without any stress" for the next two years, the executive said. In 2013, HRT will spend about BRL500 million to drill three wells in the Amazon's Solimoes Basin and up to four wells off the coast of Namibia, Mr. Mello said.

The focus on cash preservation also has HRT taking a unique approach to Brazil's coming 11th-round auction of oil and natural-gas exploration concessions, set for May 14-15. HRT is in talks with several companies about partnerships to participate in the auction, but "without using cash," Mr. Mello said.

HRT will instead trade its knowledge of Brazil's deep-water equatorial margin that will be featured in the bidding round for a share of the exploration blocks, Mr. Mello said. "HRT was built by people who have the largest, deepest knowledge of Brazil's [equatorial margin]," the executive added.

Earlier Wednesday, the company announced that local regulators had approved an extension to the company's exploration license for 10 blocks in the Solimoes Basin. HRT operates 21 blocks in the basin with a 55% stake, while Russian partner TNK-Brasil holds the remaining 45%.

The extension will allow HRT more time to explore the rugged area after efforts were impeded in 2011 and 2012 by bad weather, Mr. Mello said. HRT was only able to drill two wells in one of the 10 blocks, with the wells both showing natural-gas flows that were among the best ever found onshore Brazil, the executive noted.

"The blocks are unique and open a completely new frontier" in Brazil's Amazon region, Mr. Mello said. The blocks are also about 10 times as large as onshore blocks that will be sold in the 11th-round auction, the executive said.

While the blocks have potential to hold large discoveries, a strategy for turning the resources trapped underground into cash is still being hashed out. HRT, TNK-Brasil and state-run energy giant Petrobras (PBR, PETR4.BR) are making progress on joint studies to monetize the natural-gas discoveries made in the Solimoes Basin, Mr. Mello said.

Engineering studies on nine potential alternatives are under way, with more details likely in about "one or two months," Mr. Mello said. A decision on which strategy to follow, however, is unlikely before the end of June. Natural-gas pipelines, on-site fertilizer plants, gas-to-liquids plants and natural-gas-fired power plants are among the alternatives under consideration, Mr. Mello said.

The monetization strategy shows that "HRT wants to perform" and generate results after earlier criticism by market analysts and investors, Mr. Mello said. The executive noted that start-up companies have had a rough time recently, not only in Brazil but throughout the world. Shares of Brazil's OGX Petroleo e Gas Participacoes SA (OGXP3.BR, OGXPY) have been extremely volatile over the past week, hitting a 52-week low this week after posting disappointing oil-production figures.

"People have to have a little bit of patience and realize that oil exploration is risky and takes time," Mr. Mello said.

HRT shares ended trading in Sao Paulo down 3% at BRL3.56. The shares are down nearly 25% so far in 2013 and have lost more than 70% of their value over the past 12 months.


http://www.foxbusiness.com/news/2013/03/13/brazil-hrt-in-tal…

[Olaf2007]

Die Transocean Marianas ist unterwegs:
http://www.marinetraffic.com/ais/de/default.aspx?mmsi=538002…

[gabbo62]

http://www.bdlive.co.za/businesstimes/2013/03/17/namibia-is-…

NAMIBIA this week embarked on its biggest oil-drilling expedition following reports of increasing numbers of discoveries on the west coast of Africa in recent years.

"We are excited about the drilling and when we find oil we will invite you to the celebrations," Namibia's Minister of Energy Isak Katali said.

The country planned to start drilling the first of four holes on Friday and will spend around R2.7bn over the next eight months in hopes of finding oil.

Countries lucky enough to find oil see a direct boost to their GDP growth. Angola's GDP growth increased from 3.4% in 2010 to an expected 7.1% this year, with its oil industry growing at around 15% a year and prices climbing.

Namibia hopes for GDP growth of between 4.3% and 4.5% this year, while South Africa is looking at 2.7%.

Stanlib Africa manager Humphrey Gathungu said finding oil would hold significant benefits for Namibia in terms of exports and boosting the country's foreign exchange reserves and downstream activities - generating significant income for the country if the find is big enough.

"It would have a multiplying effect in terms of things like labour, skills transfer and further industrialisation," he said.

Namibia's hopes of finding oil are based on the 22 discoveries of its northern neighbour Angola, which have helped the formerly war-stricken country become one of Africa's major economic players over the past decade.

On the same coastline, Ghana has had 16 major discoveries over the past five years.

To date, Namibia has drilled 17 wells to no avail. Last year UK company Chariot Oil&Gas failed to make a commercial find after drilling two exploration wells in six months.

DHL Express MD Hennie Heymans said: "We are currently not sure of the likelihood since there have been reports that the initial drilling programmes have not been that successful. However, international oil companies are still expressing interest, so there must be some reasonable chance of this."

Namibia's energy director general Selma-Penna Utonih remains positive and points out that Norway drilled 70 wells before striking oil.

Big oil companies that have shown interest in Namibia include BP and Repsol, which picked up licences in the past two years on a bet that Namibia's coastal shelf mirrors that of Brazil, where oil has been found.

"It's all about the geography," explained Katali. Hundreds of millions of years ago Africa and Brazil were one continent, hence the tectonic plates are the same. Ultrasound technology and seismic data have shown analogues on the coastline similar to the petroleum systems found at the Santos and Campos basins in Brazil, he said.

Brazilians are keen to provide expertise and funding for the latest drilling expedition, which has been set in motion by Namibian Knowledge Katti.

Katti initially secured the oil drilling licensing from the Namibian government through his company Kunene Energy and went on to raise about R500m on the Toronto Stock Exchange. The company was then bought out for R5-bn.

Katti used the money from the acquisition to buy himself a large stake in HRT - the company now drilling for oil - thereby regaining significant exposure to the drilling expedition and the potential profits.

Katti said it is important to retain local influence in the industry, considering that all mines in Namibia are currently foreign owned. Namibia does not have an official localisation policy but follows a black economic empowerment (BEE) policy similar to that of South Africa.

Concerns have been raised about exclusive licensing agreements that are allocated in line with BEE and then farmed out to foreigners, but Katti said he was trying to avoid such a scenario by directly buying into the big multinationals, such as HRT in this case.

Retaining some local ownership is becoming increasingly important, considering that almost 90% of oil and gas operations in Africa's largest oil-producing country, Nigeria, is owned and operated by international oil companies.

Paul Eardley-Taylor, head of Standard Bank's oil and gas team in Southern Africa, said the region is one of the most attractive in the world when it comes to oil and gas prospects. "In Mozambique alone, $2-billion [R18.3-bn] has been spent on exploration ventures and that is just the start of things. Tens of billions of dollars will be spent developing the oil and gas industry of Southern Africa in the next decade," he said.

Forecasts by GBI Research show that offshore drilling expenditure in Africa and the Middle East will climb steadily from $13.56-bn (R119.4 bn) in 2012 to $17.03-bn(R156.5 bn) in 2016.

Cumulatively, the total expected spend for this five-year period is $77.3-bn (R710.3-billion), which represents an increase of about 22% over the previous five-year period.

Stanlib Africa portfolio manager Thabo Ncalo said the investment fund company is seeing significant interest in the African oil story from companies listed in Canada and Australia.

According to Eardley-Taylor, South Africa is also likely to benefit: "There will be spillover benefits that will include things like skills and expertise taken over, construction companies needed to build infrastructure and even niche services like aviation and catering."

* This article was first published in Sunday Times: Business Times

[Drill-a-Hill]

Marianas wieder unterwegs

http://www.marinetraffic.com/ais/de/default.aspx?mmsi=538002…

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.249.833 von gabbo62 am 14.03.13 07:42:23

Hello all,

Wäre fantastisch wenn das gelingt Brazil' s deep-water WOW , PROVEN RESERVES

unique approach to Brazil's coming 11th-round auction of oil and natural-gas exploration concessions, set for May 14-15. HRT is in talks with several companies about partnerships to participate in the auction, but "without using cash," Mr. Mello said.
instead trade its knowledge of Brazil's deep-water equatorial margin that will be featured in the bidding round for a share of the exploration blocks

http://www.eia.gov/cabs/brazil/Full.html
According to the Oil and Gas Journal (OGJ), Brazil has 14.0 billion barrels of proven oil reserves in 2012, the second-largest in South America after Venezuela. The offshore Campos and Santos Basins, located off the country's southeast coast, hold the vast majority of Brazil's proven reserves. In 2010, Brazil produced 2.7 million barrels per day (bbl/d) of liquids

...set for May 14-15, bis dahin sollten auch die Bohrungen Wingat in Namibia und HRT-11 in Brazil hoffentlich erfolgreich beendet sein!! 2013-GameChanger?!

GLA

[Drill-a-Hill]

NEWS RELEASE
SPUD-IN OF WELL 1-HRT-11-AM - Cajazeira prospect
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&tipo=3…

Rio de Janeiro, March 18th, 2013 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) announces that its wholly-owned subsidiary HRT O&G Exploração e Produção de Petróleo Ltda ("HRT O&G") spudded, on March 17, 2013, the well 1-HRT-11-AM, on the Cajazeira prospect, at SOL-T-172 Block, in the Solimões Basin, Municipality of Coari, State of Amazonas.

The well 1-HRT-11-AM is located at approximately 60 km to the northeast of the Leste do Urucu Field and aims to test an elongated NE-SW domic structure, with 17 km2 area, similar to the Juruá/Tefé and Urucu trends.

The main target of this well is to identify the presence of hydrocarbons in Carboniferous reservoirs of the Juruá Formation, expected at 2,035 meters depth. The secondary target is to identify the Devonian reservoirs of the Uerê Formation expected at 2,080 meters depth, with hydrocarbon accumulations. This well is being drilled by the QG-VIII and has its proposed total depth at 2,175 meters.

GLA

[gabbo62]

Spud-In of Well Wingat (Offshore Namibia) wird diese Woche noch folgen.

[Drill-a-Hill]

Guten Morgen,

Im Conference Call vom 05 März spricht Milton Romeu Franke (Engineering, Drilling and Production Officer) über neue Methoden der Beschaffung von Seismic, ich meine mich zu erinnern der Anstoß kam schon letztes Jahr von TNK-BP:

New Phase in Exploration in Solimoes
completely different process to aquire seismic in the solimoes, we drill the holes down to 15m of depth with perforators and we are getting a much better signal to noise ratio with this new seismic

Die letzten Bohrungen HRT-9 und HRT-10 waren die besten jemals in Onshore-Brazil getesteten Gas-Discoveries mit Flowrates von bis zu 7 million cubic meters (247.21 million cubic feet) of natural gas per day(calculated AOF, HRT-9) - btw: zum "LOI between HRT, Petrobras and TNK-Brasil to study alternatives for gas monetization", die Ergebnisse sollten im Juli feststehen



Wenn diese Discoveries dank der neuen Seismic zustande kommen, bin ich schon gespannt auf die Ergebnisse von HRT-11 beim Cajazeira prospect, das als Ziel laut HRT eindeutig eine OIL-Discovery hat, im Nachbarblock Südwestlich hat Petrobras schon einige Light Oil Discoveries hinter sich, kein Zufall das sich HRT hier die Blocks gesichert hat.



Für HRT-10 und HRT-9 galt average time drilled in Solimoes 60 days for 3000m, da HRT-11 "nur" auf ca. 2000m Tiefe geplant ist (zumindest die main objectives) könnte es schon nach 45 Tagen interessant werden also so um Ende April, Anfang Mai.

GLA

[butzbutz]

HRT-REALTIME-Chart/Kurse von der HEIMATBÖRSE São Paulo:
- selbst aktualisierend - (REAIS-BR)






HRT-REALTIME-Chart/Kurse von der Nebenbörse TORONTO:
- selbst aktualisierend - (CAD)

[motz1]

d-a-h, butzbutz, gabbo62 und weitere - danke für die steten Infos, MUCH APPRECIATED!

Marcio Mello wird momentan wie ein Berserker die Planken polieren, nehme ich an ...

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.277.418 von motz1 am 20.03.13 16:48:44

Hello motz,

thx, ja Mr. Drill-Deep Mello macht seinem Namen alle Ehre und wird die deeper petroleum systems in Namibia testen und hoffentlich so erfolgreich sein wie schon zuvor in offshore Brazil mit Tupi und Co. Auch Mello selbst hat einen nicht unbeträchtlichen Teil der HRT shares...

btw, letztes Jahr hat er versprochen er würde das Rocha aus seinem Namen streichen wenn er in Namibia nichts findet

"Drill Deeper"

GL!

[Drill-a-Hill]

Marianas angekommen???

Von der Transocean gibt es zwar seit über drei Tagen kein Update zur Position , aber von einem unserer Schlepper, der Maersk Shipper:

http://www.marinetraffic.com/ais/de/default.aspx?mmsi=232444…

Sie scheint nach getaner Arbeit Richtung Südafrika unterwegs zu sein,
vom anderen Schlepper Maersk Traveller gab es Gestern Nachmittag ein Update zur Position, sieht so aus als wäre sie bei der Drilling Location.

http://www.marinetraffic.com/ais/de/default.aspx?oldmmsi=220…

[Drill-a-Hill]

Tullow Oil möglicher Farm-in Kandidat?

Tullow acquired the Kudu gas field through the acquisition of Energy Africa in 2004. Numerous initiatives have been pursued over the intervening years to establish a development plan of the field. A new 25-year Kudu Production Licence was awarded on 10 November 2011. Negotiations have resumed with NamPower to finalise the Project Development Agreement and Gas Sales Agreement heads of terms for the Kudu project, so that the design phase of the project can proceed.

Januar -The director Wagner Elias Peres presented, for the knowledge of the other directors, the current status of the negotiations for the farm down involving certain Namibian Assets. Wagner Elias Peres informed to the other directors that the Company had received a commercial proposal in relation to the PEL # 28, which is being under analysis. The board recommended that the results of such analyses be presented to appreciation in next board meeting.

[Drill-a-Hill]

Hello Rosneft, ByeBye TNK-BP

Rosneft has finally wrapped up its $55 billion acquisition of Anglo-Russian venture TNK-BP that makes it the world’s largest listed oil producer and leaves BP with a major shareholding in the Russian state oil company.
http://www.upstreamonline.com/live/article1321127.ece

[Drill-a-Hill]

Guten Morgen

die Maersk Traveller (Marianas Schlepper) hat sich gestern Nacht auf den Weg zurück nach WalvisBay gemacht,
http://www.marinetraffic.com/ais/de/default.aspx?mmsi=220591…

damit steht die Transocean wohl endgültig in Position...



(btw. letztes Jahr hat die Maersk Deliverer, welche das Tapir prospect gebohrt hatte 5 Tage Vorbereitung bis zum Spud-In gebraucht, nachdem sie Position eingenommen hatte)

schönes WE!!!

[Tomu]

status ist "drilling"

http://www.rigzone.com/data/offshore_drilling_rigs/1092/Semi…

[Drill-a-Hill]

@Tomu,

Jaider hatte schon vor 3 Wochen darauf hingewiesen,

Zitat von Jaider: Hallo, wieso steht auf RIGZONE bei Transocean Marianas
Status: Drilling
Operator: HRT

, ich denke sie hatten nur den voraussichtlichen Bohrbeginn im System und nicht mehr abgeändert, noch wurde nicht "gespudded", HRT hätte sonst gestern nach Börsenschluss eine entsprechende NR rausgeschickt...



beautiful WINGAT in 3D

[Drill-a-Hill]

WINGAT & MUROMBE aus dem CC letztes Jahr

S.05 Transcription/Q3/12
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=…

If you look at slide 16, I put here a couple of seismic lines, the one on the top is time migrated and the one below is the same seismic line, but it is in depth migrated. It is just to give you an idea of the structural reference. If you look where we have the well located - Wingat - that is the blue-dashed line, you see that there is a significant change in the positioning of the structure when you go from time to depth. This change allowed us to identify a small 4-way structure. When I mean small, it is small for the Namibian standard. The Wingat prospect has about 380 km2 in area and it has a 4-way structure, a 4-way closed structure of about 40 km2. 40 km2 by itself, if we find oil only on it, it would be a commercial discovery, just for you to have a reference of how big 40 km2 can be in an offshore prospect.
Just a little to the left is a sample of the Murombe prospect that is also our largest prospect that we have in the offshore Namibia. It also has a 4-way structure. Its total statigraphic and structural combined structure is about 1,100 km2 and its structural 4-way closure is about 70 km2. It is a very large feature that by itself that 4-way structure would be also commercial in case if we have oil only inside of the structural trap. If it expands towards the statigraphic trap, it would be a gigantic discovery.



The PSDM data, it came up with results that we, geoscientists here inside of HRT, we were already expecting. The beauty of the data is, when I say that we were expecting, because we have already performed depth conversion to the area, but when we do that conversion without having wells around, for us to calibrate the velocity field, it becomes a little challenging for you to be sure about depth prediction without further elaboration on it. The PSDM data gave us that confidence. That change in the perspective, in the shape as you see from the two lines that we display in that slide, that is very critical for us because there is lateral variation of velocity in the shallow layers and that allows that modification, that way that you saw there.
The age of the rocks that we are going to drill there, the main objectives of Wingat are Albian carbonates. They are age-equivalent to the carbonates of the Pampo Field in the Campos Basin. We know these rocks very well, that is why we are so confident that we have a very nice prospect in our hands, because the seismic response of that carbonate there is exactly the way that we would like to see in a very beautiful prospect. That is what we have there for Wingat.

[Drill-a-Hill]

SPUD-IN OF THE FIRST OFFSHORE WELL ON THE NAMIBIA’S WINGAT PROSPECT
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&tipo=3…



Rio de Janeiro, March 25th, 2013 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) through its wholly-owned subsidiary HRT Walvis Petroleum (Proprietary) Ltd. ("HRT Walvis"), announces, on the present date, the spud-in of the Wingat-1 (2212A/07) ("Wingat-1"), the first offshore well in its back-to-back exploratory drilling campaign. This well is targeting the Wingat Prospect, located in Petroleum Exploration License 23 ("PEL-23"), in the Walvis Basin, offshore the Republic of Namibia.



The Wingat-1 well is located at approximately 200 km to the northwest of Walvis Bay. Its water depth is 1,034 m and it will test an elongated combination trap with a potential P10 area of 381 km2 of which there is a 4-way-structural closure of 42 km2. The main objective of this well is to test the resource potential of the Albian aged carbonate platform that has a well-defined seismic amplitude anomaly in the PSDM-3D data set.

These reservoirs are expected to be encountered at approximately 3,950 m of depth below sea-level. Wingat-1 will be drilled to a projected total depth of 4,100 m by the semi-submersible Transocean Marianas (NYSE:RIG). The total time estimated to complete the operations is approximately 60 days.

HRT is the operator of 10 blocks offshore Namibia, which are contained in 4 Petroleum Licenses. GALP Energia (NYSE Euronext Lisbon: GALP), with 14% participating interest, is HRT’s partner to drill the first 3 wells of the current exploration campaign.

"We are really confident in the start-up of the exploratory drilling campaign offshore Namibia. This moment is a milestone in the history of our Company, not only due to our entrance in the African continent, but also because of the potential of our current exploratory drilling campaign, of which Wingat is the first. We were brought to this point as a result of the expertise, effort and dedication spent by our world-class team members", highlighted Marcio Rocha Mello, the CEO of HRT.

GLA

[Drill-a-Hill]

Sell in May and go away? YAAWN!!!

Ab Mai geht der Newsflow erst so richtig los:

heute - 24/05/13
mögl. 2nd FarmOut bis WINGATs main targets erreicht wurden

01/05/13
TD Cajazeira prospect Brazil Onshore(assuming 45 days to finish, Augrund vorheriger Bohrung)

14-15/05/13
11th Brazilian Licensing Round 2013 (?mögliche Partnerschaft mit Rosneft?)
http://www.foxbusiness.com/news/2013/03/13/brazil-hrt-in-tal…
The focus on cash preservation also has HRT taking a unique approach to Brazil's coming 11th-round auction of oil and natural-gas exploration concessions, set for May 14-15. HRT is in talks with several companies about partnerships to participate in the auction, but "without using cash," Mr. Mello said.
HRT will instead trade its knowledge of Brazil's deep-water equatorial margin that will be featured in the bidding round for a share of the exploration blocks, Mr. Mello said. "HRT was built by people who have the largest, deepest knowledge of Brazil's [equatorial margin]," the executive added.

http://uk.reuters.com/article/2013/02/05/rosneft-brazil-idUK…
Brazil has offered Russian state-owned producer Rosneft possible access to the South American's country vast offshore oil and gas deposits

http://www.upstreamonline.com/live/article1320174.ece
Brazil’s first oil and gas bid round in five years has already attracted the interest of 36 companies from 15 countries, an official said Wednesday according to a report. The deadline to buy the data packets is 26 March.

24/05/13
TD Wingat prospect Namibia Offshore (assuming 60 days to finish)

weiter in Juni, Juli /13
Spud in - Murombe prospect, largest prospect in offshore Namibia v. HRT
?Spud in von weiteren prospect onshore Brazil?
News zum Gas Monetization Plan (LOI mit Petrobras&Rosneft 6 Monate ab Januar)
.
.
.

btw. momentane MK bei (3,45 BRL * 295,412,650 shares) 1.019.173.642,5 BRL

Mit 1.052.000.000 BRL (Final Cash 4Q12) + die $65 million to $75 million für Air Amazonia + die $$$ von Galp Energia für den 14%-Anteil an den Namibia Blocks, traden wir gute 20% "unter Cash"

GLA

[2meterwaller]

So weit so gut ich befürchte nur, dass wenn der erste "Duster" gemeldet wird, und einer wird mit Sicherheit gemeldet werden bei der Anzahl der Projekte, dann sehen wir hier leider ganz andere Kurse. Gerade wenn die erste Bohrung nicht trifft.
Die laufenden Bohrungen kosten ein Vermögen (z.Zt. 450.000$/Tag).
Wenn HRT nichts findet, und die Gefahr ist größer als anders herum, dann werden wir hier leider ganz schnell 50% tiefer rabgieren.

Aber die Change etwas zu finden die ist, wenn auch gering, sie ist da.

Also Augen auf beim Ölaktienkauf... :-)

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.302.815 von 2meterwaller am 26.03.13 11:27:15

Make or Break time?

Die Bohrungen in Namibia Offshore kosten sogar weit mehr - über eine Million Dollar/ Tag:

"estimated total dry hole costs is gonna surpass 260 mio dollars in a gross way" - bei 185 days drilling

Jedoch wird davon Galp Energia(14%) ca. 100 mio übernehmen und weitere Partner sind noch möglich es sind von weiteren 26% die Rede - am Ende könnte man die 3 prospects gebohrt haben ohne dafür einen Cent bezahlen zu müssen,

dabei sprechen wir von einem resource potential von:

for the three prospects - unrisked resource potential P50 - 5bn boe

Namibia - high risk - high reward, ja aber kein one trick pony

In Brazil sieht die Story anders aus, die Dinge beginnen sich gerade ganz gut zu entwickeln - Gas Monetization Plan, Bidding for Offshore Blocks, drilling program targeting oil östlich von Urucu wo PB bereits lightoil produziert...

GL

[Drill-a-Hill]

Interview mit Wagner Elias Peres, PhD. Current CEO of HRTO&G and the Subsidiaries Officer . Former Superintendent of Petrobras` Research and Development Center, E&P, Engineering and Planning departments. Holds 26 years of experience.
https://research.tdwaterhouse.ca/research/public/Markets/Com…

He said the Wingat prospect is very similar to the Pampo field in Brazil, one of several fields that have helped make the Campos Basin northeast of Rio de Janeiro Brazil's responsible for about 80 percent of Brazil's output.

Murombe's geology is very similar to the Marlim field in the Campos basin, Pires said. Marlim has produced more than any other Brazilian field and has only been surpassed in size by the giant new Brazilian finds in the Santos Basin. Marlim is spread over a 1,400-square-kilometer area and Murombe over 1,100 square kilometers, but if we find a good oil generating rock we could find something there very much like Marlim," he said.

The third well is expected to be drilled in the Moosehead prospect in the PEL-24 block in the Orange Basin, which Pires says is the same geological age as the giant 2007 Tupi discovery in the Santos Basin but without a salt layer. Now known as the Lula field, Tupi is believed to have about 8 billion barrels of recoverable reserves.

Meerkat has geology similar to Brazil's Namorado field with "10 stacked anomalies," or potential oil-bearing areas, Pires said.





Sounds goo to me

[Drill-a-Hill]

"If that estimate is upheld by HRT and Galp's drilling campaign, it would be an amount sufficient to supply all the needs of the United States, the world's largest consumer, for about 13 months." - DeGolyer & MacNaughton found that the four areas hold 7.39 billion barrels of "mean potential prospective resources
http://my.chicagotribune.com/#section/-1/article/p2p-7504896…

[Drill-a-Hill]

"Cash preservation is very important," Mr. Mello said, in explaining the company's decision to sell an additional stake in its Namibian blocks. "We need to share risk. We need to find a partner."

"estimated total dry hole costs is gonna surpass 260 mio dollars in a gross way" - Wingat, Murombe & Moosehead

Galp Energia - If we assume that the three wells are going to be dry, and the total failure in the entrance in Namibia, it will cost us $100 million, including the farm-in that we made. And we think testing it, is worth our $100 million. That's fundamental. - S.18
http://www.galpenergia.com/EN/Investidor/Relatorios-e-result…

Wenn,

Galp: $260 mio * 0,14 =
$36,4 mio shared costs
$100 mio - $36,4 mio =
$63,6 mio farm-in costs

, und für ein weiteres theoretisches farmout über 26% zu selben Bedingungen:

????: $260 mio * 0,26 =
$67,6 mio shared costs
$63,6 mio / 14 * 26 =
$118,1 mio farm-in costs

Würde zusammen $100 mio + $185 mio ausmachen
$285 mio > gross-dry-hole-costs $260 mio
also + $25 mio für HRT bei $0.00 für die 3 Bohrungen

Die Frage ist ob HRT mit dem 2ten FarmOut eine Vierte Bohrung finanzieren will oder ob es in die laufenden Bohrungen hineinfließt, oder beides, oder gibt es noch ein drittes FarmOut...

Time will tell, fingers crossed

[Drill-a-Hill]

Frohe Ostern!!!

Wingat ist 6 & Cajazeira 15 Tage alt...

Wen bewirbt den Byron King da?!
link zum video:
http://agorafinancial.com/research/video/esi_oilkitchen_0328…

"underneath the site lies as much as $703 billion worth of oil"

[Tomu]

heute mal wieder ein ganz guter anstieg :-)

[butzbutz]

HRT-REALTIME-Chart/Kurse von der HEIMATBÖRSE São Paulo:
- selbst aktualisierend - (REAIS-BR)






HRT-REALTIME-Chart/Kurse von der Nebenbörse TORONTO:
- selbst aktualisierend - (CAD)

[Drill-a-Hill]

Nach der allgemeinen Meinung scheint der gestrige Anstieg einem optimistischen bank report von Brazil's Banco Itau BBA zu folgen, auch Byron King hat hier übers Osterwochenende Stimmung gemacht:

Shares of oil company HRT Participacoes em Petroleo rose sharply Monday, following the release of an optimistic bank report. Shares of HRT finished up 17.42%, BRL3.91. Analysts at Brazil's Banco Itau BBA said last week that now is the time to buy shares in HRT in case the company finds oil at the Namibia well. "If HRT finds oil, that will really be big for the company," said Mr. Galdi. "The report from Itau is helping HRT shares a lot today," he added. HRT is in talks to sell an additional stake in its blocks off Namibia, with the cash earmarked to fund drilling of a fourth deep-water well, HRT Chief Executive Marcio Rocha Mello said in an interview in mid-March.

bei iii wurde über bereits mögliche oilshows diskutiert:

Jimmy24 - However investors should read the HRT namibia report published on 23rd April 2012, see HRT website presentation section. Please look at page 9. The there are three potential source rocks and the Wingat well will pass through the Turonoian/Cenomanian source rock first before targeting the main Albian carbonate reservoir which is expected to be charged by the Aptian source rocks.



The well may well encounter a series of basin floor fans and channels(see page 9 of HRT Namibia report) These were not announced as primary prospect targets but may well have been secondary targets. Such reservoirs may well have been encountered at this time and HRT might have had oil/gas shows during the drilling of these sections.

Offenbar führt der Weg zum Wingat prospect am Nocuma prospect vorbei:



Wingat ist 8 & Cajazeira 17 Tage alt,
fingers crossed!!

[butzbutz]

Nach einem explosionsartigen Anstieg im Handels-Volumen von über 2.2 Mio shares
wurde im gestrigen Handelsverlauf der langfristige Downtrend-Kanal
(rote Linien) von unten nach oben durchstoßen, zwar noch nicht signifikant,
und blieb am GD 50 Tg.von 1.03 CAD hängen.

Aber immerhin drückt der Markt damit die hohen Erwartungen auch charttechnisch
aus. (siehe blauer Kreis in der 4 Monats-Grafik)

Bemerkenswert auch der im langfristigen Downtrend-Kanal dokumentierte
DOPPEL-BOTTOM, der diese Erwartungen auch voll unterstützt.


Nachstehend zwei aktuell erklärende Grafiken in den Darstellungen 16 und 4 Monaten:

[links-zwo-drei-vier]

Brazilian Indie HRT Spins The Drill Bit Off Namibia As It Launches International Oil Search

April 02, 2013

Brazilian independent HRT is getting to grips with its high impact, high risk international portfolio off the south-western African coast. The company, which is listed in Brazil and also on Toronto’s Venture Exchange in Canada, announced last week that it is drilling ahead on the Wingat prospect offshore Namibia, through local subsidiary, HRT Walvis Petroleum.

The drill site is located in Namibia’s Petroleum Exploration License 23 (PEL-23), approximately 200 kilometres to the northwest of Walvis Bay, home to the country’s deepwater port. It’s an important step up for the Brazilian company - one of the largest indie oil and gas producers in the Latin American country - as it seeks to spread its wings abroad.
Though it has amassed an estimated 7.9 billion barrels of oil equivalent (boe) of risked prospective and contingent resources at home, it remains a relative newcomer to the international oil and gas search. That is about to change, however, with the current African drilling campaign.

The Wingat-1 well is the first offshore well in a back-to-back exploratory drilling campaign in Namibia that pairs the company with Portugal’s Galp Energia.HRT is the operator of 10 blocks offshore Namibia, across four petroleum Licenses, three of them in the south of the country, in the Orange Basin, surrounding the large and still undeveloped Kudu field, which contains around 1.3 trillion cubic feet of natural gas.

The potential is there to unearth new reservoirs around this area and push through the long-awaited development of this deposit, first discovered back in the 1970s, something that will surely be in the back of the mind for HRT team.

For now, the focus is further north, on the Walvis Bay concession area and the drilling of the Wingat prospect.This sits in water depths of 1,034 metres and will be drilled to a projected total depth of 4,100 metres by the semi-submersible rig, Transocean Marianas, over the next two months.The main objective of the well is to test the resource potential of the Albian aged carbonate platform, which has been well documented through various seismic work.

HRT hopes to hit its target reservoirs approximately 3,950 metres downIt’s a big day for the company, as HRT’s chief executive, Marcio Rocha Mello, has noted:"This moment is a milestone in the history of our company, not only due to our entrance in the African continent, but also because of the potential of our current exploratory drilling campaign, of which Wingat is the first,” he said.

It’s a potentially tough assignment though for this aspiring investor. Despite the known presence of the Kudu field, Namibia has largely frustrated or disappointed drillers through the years.That includes the UK’s Tullow Oil, one of the more recent companies to seek - and, unsuccessfully, thus far - to unlock the Kudu field, which has been touted as a potential energy source for local power stations, industry, and even for direct export to neighbouring South Africa

Converting the gas via a floating liquefied natural gas (FLNG) platform is another idea for Kudu’s gas that has similarly failed to make any real headway.

Bu that has not dented the enthusiasm of HRT, however, which collectively holds an interest in the region covering nearly 69,000 square kilometres.As well as its operated blocks, it also holds a minority interest in two concession areas in the Namibe Basin.

It believes the offshore area to be one of the most promising exploration frontiers in the Southern Hemisphere, seeing parallels between the offshore oil basins southeastern Brazil and those of the southwestern African coast.That’s not the first time that idea has been floated, of course; it’s something investors in Angola to the north, one of Africa’s biggest producers, have long been aware of.
.
And, of course, the trans-ocean idea is becoming popular further north, where Tullow has drawn parallels between the emerging West African Atlantic margins with hotspots across off the north-eastern Latin American shore, where it is now active.

However, that all remains largely speculative, for now.What’s important first off is the results from the Wingat well, which will set the tone, and most likely dictate the pace, of further exploration work by HRT in the area.Perhaps it may also give a flavour of what else is to come from this comparatively lightly corner of Africa.

It’s certainly an exciting new step for this ambitious but still little-known Brazilian independent, established four years ago..And with its Canadian share price languishing, way down on a year earlier, it could probably do with a good start to its first overseas adventure.

Quelle: http://oilbarrel.com/news/brazilian-indie-hrt-spins-the-dril…

L234

[Drill-a-Hill]

Wow, Volumen über 20mio!!!!!!
http://de.advfn.com/p.php?pid=qkchart&symbol=BOV%5EHRTP3

[links-zwo-drei-vier]

Antwort auf Beitrag Nr.: 44.349.517 von Drill-a-Hill am 02.04.13 21:49:23

Hat bei dem ca. "13 Mio-Einzeldeal" ein Großinvestor gewechselt?

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.350.933 von links-zwo-drei-vier am 03.04.13 07:46:47

Sieht so aus, hatte bei so einem monstertrade eigentlich Aufklärung von HRT erwartet
(Ich war's nicht g )
No guts no glory
GL

[Drill-a-Hill]

Zum Megatrade gestern aus Brazil mit googletranslater übersetzt:
http://www.infomoney.com.br/hrt/noticia/2717986/acoes-hrt-en…

HRT shares go into auction at 16h at the price of R $ 3.90; roles Zero gains

Operation will be held from 16h to 16h15 (GMT); offer proposes selling 4% of total capital, or 12,068,400 shares; roles skyrocketed since the previous trading day

SAO PAULO - An operation auction for sale of shares of HRT Petroleum (HRTP3) will be held at 16h (GMT) on Tuesday (2), at a price of U.S. $ 3.90, roughly in line with the closing yesterday, of R $ 3.91.

At 15h33 (GMT), shares of the company zeroed gains recorded this morning, after reaching appreciation of 5.37% at the maximum of the day, to R $ 4.12. Remember that on the eve of HRT shares soared 17.42%, closing at R $ 3.91. However, both analysts polled by Portal InfoMoney as the department itself Investor Relations company ignored some apparent reason

The offer provides for the sale of 12,068,400 shares, or 4% of total capital. The time of the auction is set from 16h to 16h15 (GMT). The names of the investors who atuararão the tips of sale, however, were not disclosed. The operation will be the intermediary brokerage BTG Pactual.
HRT operates stable near auction buying and selling (Getty Images)
In a statement sent by the BM & FBovespa, the broker informs that "not aware of any relevant information about the company is not public domain, and not a controlling shareholder, a member of the controlling group, member of advisory council, tax, administration or any other body that acts directly or indirectly any act of management, supervision or control of the issuing company. "

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.352.911 von Drill-a-Hill am 03.04.13 12:10:06

Ownership Breakdown Last Update on March 12, 2013

Southeastern Asset Management
42,175,050
14.28%

Carmignac Gestion
19,821,000
6.71%

Other Shareholders
233,416,600
79.01%


...GoldmanSachs hatte zuletzt am 02/07/2013 HRT über Ihre Beteiligung informiert, der Stand lag bei 14,241,500 shares, which represents 4.82%

[Mr.Dagobert]

Wo wird die Reise hingehn ? Ich warte hier schon seit UNX .

mfg

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.354.779 von Mr.Dagobert am 03.04.13 15:54:59

Welcome back Mr.D,
2 drills am Laufen, multibagger wenn das schwarze Gold fliesst, bevor moosehead in den ehemaligen unx-blocks gebohrt wird werden die centralblocks mit wingat&murombe getestet,...

GoodLuck!

[Drill-a-Hill]

Guten Morgen,

Die letzten 2 sehr erfolgreichen Bohrungen mit Rekord-Flowrates wurden in Rekordzeit gedrillt...

HRT-10: ca. 45days for ca. 2300m
The estimated AOF for this test is 1,600,000 cubic meters
per day / 56,503,488 cubic feet per day
HRT-9: ca. 60 days for ca. 3000m
The calculated AOF for this test was 7 million cubic meters (247.21 million cubic feet) of natural gas per day



HRT-11, bzw. das Cajazeira prospect ist heute 19 Tage alt und hat eine proposed total depth at 2,175 meters. Sollte damit auf halbem Wege sein...

GLA

[Drill-a-Hill]

+14%

something is cooking...

GLA

[butzbutz]

Nachstehend eine Momentaufnahme von der NEBENBÖRSE TORONTO mit der
eindeutigen und klaren Dokumentation des Ausbruchs aus dem langfristigen
Downtrend-Kanal und gleichzeitigem Durchstoßen des GD 50 Tg. bei 1.03 CAD!

[Drill-a-Hill]

Brazil's ANP: 71 Firms Show Interest in Oil Exploration License Auction
http://www.foxbusiness.com/news/2013/04/04/brazil-anp-71-fir…
Many of the world's largest oil companies from 18 different countries submitted documents by the ANP's deadline, including Exxon Mobil Corp. (XOM), Chevron Corp. (CVX) and BP PLC (BP), the regulator said. Nineteen Brazilian firms dominated the list, including state-run energy giant Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, entrepreneur Eike Batista's OGX Petroleo e Gas Participacoes (OGXP3.BR), and startup HRT Participacoes em Petroleo (HRTP3.BR).

[Drill-a-Hill]

Go Deeper! - An exclusive interview with Marcio Mello, CEO of HRT
http://ofscap.com/wp-content/uploads/2012/10/HRT-Go-Deeper_0…" target="_blank" rel="nofollow ugc noopener">http://ofscap.com/wp-content/uploads/2012/10/HRT-Go-Deeper_0…


Genialer Report

More than twenty years ago he predicted the deep-water trend now emerging in Angola. Today he is continuing his quest, with the unique opportunity to further test his hypothesis developed as a younger man. He is planning an exploration drilling campaign offshore Namibia starting next year, which he compares with the Brazilian pre-salt and the Campos Basin. Mello was one of the principal architects of Petrobras’ strategy in discovering the pre-salt and even wrote the book, “Go Deeper,” which provides the theory on why the source rock is located under the salt layers. He continues to demonstrate that his ideas are sound—as a Petrobras geologist in 1978; he was instrumental in the largest discovery of gas and condensate in Brazil in the Solimões Basin, just 50 km from his latest well, which is now breaking his previous record.

[Drill-a-Hill]

hier nochmal der link:
http://ofscap.com/wp-content/uploads/2012/10/HRT-Go-Deeper_0…
und noch ein Zitat:
Mello is the largest individual shareholder of the company, so clearly has a big personal stake.

[Drill-a-Hill]

HRT plans to close partnership in Namibia until end of month

In the African country, the company intends to close the sale of a portion of a block later this month, before the announcement of the result exploratory area.

Currently, the company has Portugal's Galp as a partner in Namibia. The oil company acquired at the end of last year's 14% interest in three exploration licenses of HRT, the Walvis and Orange basins.

Besides this and the second asset sales, expected to be completed by the end of this month, HRT negotiates other companies, with the premise that remain as operator and owner of at least 51% of the control areas. Currently, the company's total share in the blocks is around 85%.

"HRT is at its best. We are about to produce oil in the Solimões and Namibia," said Mello, disputing rumors that shareholders are unhappy with the way the company has been led by him.

----------------------------------------------------------------------------

Wir wissen bereits Galp ist bereit für Ihren 14%igen Anteil $100mio auf den Tisch zu legen. Beim 2ten Farmout wird hier von "a portion of a block" gesprochen, es war im Januar von einem Angebot zu einem einzelenen Block die Rede, PEL 28 direkt angrenzend am KuduField, falls es immernoch um diesen Block geht, warum stellt man PEL 28's FarmOut Ergebnisse in Abhängigkeit zur WingatBohrung in PEL 23, über 1000km weit voneineander entfernt und in Ihrer COS sicherlich unabhängig voneinenander?

Oder geht es doch um PEL23 als einzelnen Block? Noch schnell auf den fahrenden Zug aufspringen bevor es zu spät ist? Und bisher waren von bis zu einem Drittel FarmDown die Rede, jetzt bis zu 49%, hauptsache Operator bleiben, bei $100mio von Galp für 14%, wären zu selben Bedingungen $350mio, genug für 4 Bohrungen free carried...

Fragen über Fragen....

Schönen Sonntag

[Drill-a-Hill]

By the Way,

Marianas, Traveller und Shipper waren gestern beieinander auf Position, macht mir ein wenig Sorgen, was machen unsere beiden Schlepper plötzlich wieder bei unserem Rig nach nichteinmal 2weeks of drilling:

Marianas - http://www.marinetraffic.com/ais/default.aspx?oldmmsi=538002…
Traveller - http://www.marinetraffic.com/ais/default.aspx?oldmmsi=220591…
Shipper - http://www.marinetraffic.com/ais/default.aspx?oldmmsi=232444…

hoffe alles on track!!!

[links-zwo-drei-vier]

On deck of the transocean marianas: http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&…

[Drill-a-Hill]

Zitat von links-zwo-drei-vier: On deck of the transocean marianas: http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&…

nice find

ALL ABOARD: Prime Minister Dr Hage Geingob and Founding President Dr Sam Nujoma, Mines Minister Isak Katali and other dignitaries are welcomed aboard the ‘Transocean Marianas’, while HRT local partner Knowledge Katti (far left) looks on.

http://sun.com.na/content/national-news/katti-brazilian-part…

[Drill-a-Hill]

BuyBuyBuy
Discovery Capital Management informing about the acquisition of common shares issued by HRT, reaching 18,081,997 common shares, which represents approximately 6.105% of the total common shares issued by the Company.
NEWS RELEASE - ACQUISITION OF MATERIAL EQUITY INTEREST
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=…
Das sind eine Menge shares, erklärt auch das hohe Volumen der letzten Tage, damit sind sie eine der größten shareholder, welcome on board and fasten your seatbelt please
GLA

[gabbo62]

Antwort auf Beitrag Nr.: 44.389.641 von Drill-a-Hill am 09.04.13 07:10:49

Hallo Drill-a-Hill,
weiß Du, ob die Discovery Capital vorher schon Anteile hielten?

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.389.901 von gabbo62 am 09.04.13 08:19:59

Hallo gabbo62,

Gute Frage, normalerweise wuerden sie imo sagen "increase oder decrease of interest", wie schon Goldman mit ihrem achterbahngetrade um die 5%-Marke im Jan/Feb,

GL

[butzbutz]

Der gestrige SK von 1.19 CAD bestätigt eindeutig und jetzt auch signifikant
den Ausbruch (blauer Kreis) aus dem langfristigen Downtrend (rote Linien) und steht nun
vor dem GD 200 Tg. bei 1.23 CAD vor dem letzten Widerstand.

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.393.385 von butzbutz am 09.04.13 14:57:52

Guten Morgen,

haben wir ein Open Gap vom 08/01/13 bei hrp(CAN)?,

in Brasilien scheint es keins gegeben zu haben, war früher gestartet und hatte Toronto bereits ein ordentliches Minus vorgegeben, trotzdem hatte man schon solche Gaps in Toronto schließen sehen, nach Börsenschluss in Brazil und mit hohem Volumen...

All the best and GL

[butzbutz]

HRT-REALTIME-Chart/Kurse von der HEIMATBÖRSE São Paulo:
- selbst aktualisierend - (REAIS-BR)







HRT-REALTIME-Chart/Kurse von der Nebenbörse TORONTO:
- selbst aktualisierend - (CAD)

[butzbutz]

Zitat von Drill-a-Hill: Guten Morgen,

haben wir ein Open Gap vom 08/01/13 bei hrp(CAN)?,

in Brasilien scheint es keins gegeben zu haben, war früher gestartet und hatte Toronto bereits ein ordentliches Minus vorgegeben, trotzdem hatte man schon solche Gaps in Toronto schließen sehen, nach Börsenschluss in Brazil und mit hohem Volumen...

All the best and GL

Sorry Drill-a-Hill, ein Eroffnung-GAP open liegt nicht vor, die nächste
wichtige Frage wird sein, wird der nächste Widerstand MA 200 Tg.bei 1.22 CAD
bald überwunden?!

Grüße und good luck, butz

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.404.427 von butzbutz am 10.04.13 17:51:25

Ok thanks, bei stockhouse hatte jemand darauf aufmerksam gemacht...

schönen Abend!!

[Drill-a-Hill]

The Show Must Go On...

HRT RECEIVES ANP`S QUALIFICATION OF "A" OPERATOR
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&tipo=3…

Rio de Janeiro, April 10th, 2013 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) announces that, on April 09th, its wholly-owned subsidiary, HRT O&G Exploração e Produção de Petróleo Ltda. ("HRT O&G"), was technically qualified by the National Petroleum, Natural Gas and Biofuel Agency (ANP) as an "A" Operator. This means that HRT O&G is now authorized to operate exploration blocks located in onshore, shallow water, deepwater and ultra-deepwater. HRT O&G has already been operating as a "B" Operator since March 2011.

"This "A" Operator qualification granted by ANP allows HRT to participate without any limitation in the upcoming 11th oil bid round, positioning HRT, with its expertise, knowledge and proven experience in oil and gas exploration, as an attractive partner in this bid round", said Milton Franke, CEO of HRT O&G.

----------------------------------------------------------------------------

HRT hat erstklassige Beziehungen zu Petrobras und der ANP,
die "trade it's knowledge" (ohne cash) zu bidden Variante wird nocheinmal aufzeigen welche Ballung an Expertise eigentlich bei HRT herrscht: Zur Tochter IPEX:

With a unique professional petroleum exploration and environmental team, IPEX offers the most integrated services and state-of-the-art technology to support the petroleum E&P industry. The services range from 3D Basin modeling of petroleum systems to the molecular geochemistry of oil and gas samples, with the highest quality service available in the world.

Gute Beziehungen gibt es auch zum (neuen) jetzigen Partner Rosneft(übernahm unseren ehemaligen partner TNK-BP) im Solimoes Basin, vorstellbar als möglicher Partner für die neuen Offshore Blocks, Petrobras oder Galp Energia wären auch interessant...

GLA

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.407.349 von Drill-a-Hill am 11.04.13 07:44:24

London-based Tullow Oil plc (Tullow) and its partners, Itochu Corporation (Itochu) from Japan and the National Petroleum Corporation of Namibia (Namcor), are decided to move the Kudu Gas-To-Power project ahead in Namibia.
http://www.2b1stconsulting.com/tullow-nears-development-deci…
For the Kudu phase 1 project, the offshore platform would have production capacity of 130 million cubic feet per day (cf/d) in order to provide the corresponding feestock to generate 800MW at the power plant.
In producing 800MW, the Kudu phase 1 will cover far more than Namibia domestic consumption, so that 40% could be exported to the neighboring South Africa.


Das wäre der SuperDeal wenn Tullow Oil, der Operator von Kudu, Partner von HRT in PEL 23, 24 und oder 22 wird, würde mich wundern wenn sie nicht eine der Firmen wären die über ein Farm-In verhandeln.



by the way, zum Vergleich Kudu in Namibia und HRT-9 well in Brazil:

For the Kudu phase 1 project, the offshore platform would have production capacity of 130 million cubic feet per day ,

HRT believes that this structure (HRT-9) has a potential flow rate of up to 3.0 million cubic meters (105 million cubic feet) of natural gas per day, when it reaches its development phase.

[Petronius]

Antwort auf Beitrag Nr.: 44.407.349 von Drill-a-Hill am 11.04.13 07:44:24

SALVE Drill!

Als oller Driller solltest du doch näheres zu IPEX wissen.
Arbeiten die denn auch noch als Dienstleister für Dritte? Was bringen diese Services ein?? Die Einnahmen stehen sicher nicht im Verhältnis zu einer Quelle, aber der Dienst sollte eine fette Marge haben und öffnet sicher auch Türen zu anderen Explorern.

Petronius

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.419.291 von Petronius am 12.04.13 16:05:55

Salve Petronius,

aus dem 4Q12 Earnings Release:

INTEGRATED PETROLEUM EXPERTISE CO. - IPEX
Understanding the market behavior and the key trends of the scientific area, IPEXco is a Brazilian company
headquartered in Rio de Janeiro, providing integrated services and technology to support petroleum
production and exploration players. IPEXco’s projects are diversified and range from molecular geochemistry
of oil and gas samples, to 3D basin modelling.
IPEXco has attained important certifications. According to the requirements of ISO 9001:2008, certified
by BSI (British Standards Institute), the company holds a certificate of management efficiency, and is
fully qualified to provide analytical services to determine hydrocarbons in Piston Core sediments and API
degrees. Apart from that, it is certified by Inmetro (Brazilian Institute of Metrology, Quality and Technology)
|under ISO 17025:2005, which formally attests its qualification to perform tests and assessments of traces in
the femtogr (10-15gr) units for organic compounds in cancer, contained in the Accreditation Scope.
As a provider of analytical services linked to the oil & gas sector, IPEXco acts in studies regarding oil spills,
and also monitoring and interpreting of environmental data. The efficiency of such analysis is assured by
organization and integration, as the company owns laboratories that are technologically prepared, and
teams having national and international experience.

Diminution of net income due to the reduction of services provided by IPEX to third party

(in thousands of R$)

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.419.291 von Petronius am 12.04.13 16:05:55

Serious people doing serious work for serious stakes

http://laksantana.com/laksantana/hrt/183-hrt-petroleo-e-seu-…

In essence, Marcio developed a remarkable new exploration concept for geologists looking for oil under the massive salt layers -- the "pre salt" regions -- offshore Brazil and West Africa. These are called "passive margins," and generally are areas of continents that are not chewed up by tectonic activity. Marcio cracked the code on finding oil under all that seawater, rock and salt.

Beyond writing a definitive book on the subject of deep-water oil exploration, Marcio's tenure at Petrobras included over a decade running the Petrobras research center in Rio de Janeiro. From that position, Marcio led the charge for Petrobras to "go deeper."

Eventually, in 2007, using Marcio's petroleum-systems models, Petrobras found immense -- indeed, world-changing! -- oil reserves underneath Brazil's pre-salt offshore layers. We're talking about tens of billions of barrels. Hence the "10 billion barrel man."

The long and short is that Marcio left Petrobras in 2005. He set up a consulting shop in Rio with a cadre of former Petrobras players and other world-class exploration and development experts. I've met many of these guys, and they're incredibly good at what they do.

The client list for the consulting group was/is a "who's who" of the world oil industry. I'm not at liberty to say the names, but you'd recognize many of the customers.

Starting in 2005, the original HRT consulting shop -- filled with former Petrobras hands -- assisted Petrobras in its first pre-salt development play, including the discovery in 2007 of the 8-billion-barrel Tupi oil field. This consulting shop also evolved into HRT, the oil company with which we're dealing now.

The point to keep in mind is that HRT isn't some startup outfit that came from nowhere, let alone far out in left field. HRT is a serious company, staffed up with serious people doing serious work for serious stakes.

[Petronius]

Antwort auf Beitrag Nr.: 44.420.857 von Drill-a-Hill am 12.04.13 18:35:42

Salve Drill,

DAnke.Wenn die nicht wegen Öl komplett die Lust an Geologie verleiren, dann könnten die sicher 10 10 Mio-Business mit 5 Mio Profit aus der Bude machen...
Dann wären weitere 75 MCap per KGV 15 berechtigt. Cash abgezogen, wird der Explorationarm bald ein kostenloses Lotto-Los...

Petronius

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.425.657 von Petronius am 13.04.13 17:56:15

by the way,

öffnet sicher auch Türen zu anderen Explorern

Peter L. O‘Brien, MBA. Former CFO of Rosneft, having served at Morgan Stanley in Russia. Head the Rosneft `s $10.6 billion IPO in 2006 and the $22 billion bridge finance loan.
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=…

[Drill-a-Hill]

The 2013 Agora Financial Investment Symposium - JULY 23-26, 2013

http://agorafinancial.com/vancouver-2013/
Again this year, a legend returns to Vancouver. “Hilarious,” “energetic” and “passionate” were words used to describe Dr. Marcio Mello’s top-ranked presentation. Marcio is ready to show you the latest cutting-edge oil exploration and extraction technologies, geological research, and resource investment opportunities. This Brazilian oil industry legend founded one of the largest oil field discoveries in 40 years, and now following his firm HRT’s successful IPO... hang on tight... Marcio is back!

Video vom letzten Jahr:
http://vimeopro.com/user11965995/2012-agora-financial-invest…

Wenn Mr. "10-bn-boe-man" wieder in Vancouver auftritt wird er einiges zu erzählen haben, es werden die Ergebnisse zu Wingat und HRT-11 schon vorliegen, Murombe auf gutem Wege sein, über die Gas-Monetization konkretes zu berichten sein, Bidding zu den offshore blocks in Brazil....

[Drill-a-Hill]

HRT Americas Cheapest as Gas Finds Dismissed: Corporate Brazil
http://www.bloomberg.com/news/2013-04-15/hrt-americas-cheape…

Partnering with Petrobras could make HRT’s Solimoes blocks profitable even if it doesn’t find oil in the area.

The company’s best gas well to date is capable of producing the equivalent of 45,000 barrels a day according to production tests

The partnership with Rosneft, Russia’s biggest oil producer, will also reduce outlays

Itau puts HRT’s fair value at 7.5 reais a share for end 2013, with 3.3 reais a share for Solimoes and 3.6 reais for Namibia.

wird der nächste Widerstand MA 200 Tg.bei 1.22 CAD
bald überwunden?!

[Drill-a-Hill]

Guten Morgen,

nachdem HRT gestern über 5% gestiegen war kam die Meldung das der director-general of the ANP Magda Chambriard nicht mit der Entscheidung zum A-Operator einverstanden war:

http://translate.google.com/translate?sl=pt&tl=en&js=n&prev=…
According to Magda, the experience of offshore exploration of HRT is insufficient. The company produces gas onshore in Brazil, but drilled its first deepwater well in Namibia just last month, According to Magda, the well of HRT in Namibia was not yet finalized.

daraufhin verloren wir wieder die anfänglichen Gewinne
however, danach gab es ein meeting mit HRT und ANP mit folgender Entscheidung

http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&tipo=3…
11TH ROUND ANP’S SPECIAL BID COMMISSION RATIFIES HRT QUALIFICATION AS "A" OPERATOR

Rio de Janeiro, April 15th, 2013 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) announces that, on a meeting held on April 15th, the Special Bid Commission from the 11th oil bid round of National Petroleum, Natural Gas and Biofuel Agency (ANP) deliberated on the maintenance of HRT O&G Exploração e Produção de Petróleo Ltda. ("HRT O&G") as an "A" Operator, authorized therefore to operate exploration blocks located in onshore, shallow water, deepwater and ultra-deepwater.

LOL

onwards and upwards

[gabbo62]

Die Heuschrecken wollen sich einnisten.


ANNOUNCEMENT TO THE SHAREHOLDERS

ANNUAL SHAREHOLDERS' MEETING

ADOPTION OF THE CUMULATIVE VOTING PROCEDURE FOR
THE ELECTION OF THE BOARD OF DIRECTORS


Rio de Janeiro, April 16th, 2013 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) announces that, under the terms of the Directive Release/CVM/SEP/Nº01/2013, it has received a written request from Discovery Capital Management, LLC, the fund manager of Discovery Global Citizens America LLC, Discovery Global Focus America LLC, Discovery Global Opportunity America LLC, Discovery Global Citizens Master Fund, LTD, Discovery Global Focus Master Fund, LTD, Discovery Global Opportunity Master Fund, LTD, Quantum Partners LP and QP Investimentos LLC, for the adoption of the cumulative voting procedure for the election of the members of the Board of Directors of the Company, appointing Mr. Oscar Alfredo Prieto, Mr. Stefan Alexander and Mr. François Moreau as candidates for the referred Board of Directors.

The Company states the appointment of John Anderson Willott, Carlos Thadeu de Freitas Gomes, William Lawrence Fisher, Marcio Rocha Mello, Milton Romeu Franke, Wagner Elias Peres, Elias Ndevanjema Shikongo, Thomas W. Ebbern, Peter L. O'Brien, Charles Laganá Putz and Joseph P. Ash, as previously presented in the Management Proposal.

The Annual Shareholders' Meeting of the Company is confirmed to take place on April 29th, 2013, at 11:00 a.m., at the Company´s head office, at Avenida Atlântica, n° 1130, Entrance 1, with complementary entrance at Avenida Princesa Isabel, 10th floor (part), Copacabana, Zip Code 22021-000.

[gabbo62]

Wir sind dabei:

http://www.anp.gov.br/?pg=65521&m=&t1=&t2=&t3=&t4=&ar=&ps=&c…

[gabbo62]

Bei der 11. Bieterrunde Brasilien taucht eine Überraschung auf. Neben HRT ist auf Position 49. Chariot zugelassen.
Für mich ein weiterer Baustein auf eine Übernahme oder Fusion (HRT & CHAR).

26 - HRT O&G Exploração e Produção de Petróleo Ltda.
49 - Chariot Oil & Gas Limited

[butzbutz]

Nach mehreren Versuchen den GD-Widerstand 200 Tg. bei 1.21 CAD (Pink-Kreis)
zu überwinden scheiterte.

Nun bedarf es, zunächst nach einer Konsolidierung, einen neuen Anlauf diese
Hürde zu nehmen.

[butzbutz]

HRT-REALTIME-Chart/Kurse von der HEIMATBÖRSE São Paulo:
- selbst aktualisierend - (REAIS-BR)






HRT-REALTIME-Chart/Kurse von der Nebenbörse TORONTO:
- selbst aktualisierend - (CAD)

[links-zwo-drei-vier]

HRT advances plans offshore Namibia

Quelle: http://www.offshore-mag.com/articles/print/volume-72/issue-5…

[gabbo62]

Sehr interessante Dinge, die Mello uns da erzählt.

http://www.ubs.wallst.com/ubs/mkt_story.asp?docKey=1329-L2N0…


INTERVIEW-Brazil's HRT sees existing gas, future oil reviving stock


* Namibia can make HRT 'No. 1 independent oil company'-CEO
* Those who dumped HRT stock 'will be sorry,' Mello says
* Says Amazon gas will soon be turned into revenue
* HRT seeks new Brazil blocks, won't use cash to buy them

By Jeb Blount

RIO DE JANEIRO, April 22 (Reuters) - Marcio Mello, chief executive of Brazilian oil company HRT Participações em Petróleo SA, says he is baffled by investors' readiness to dump the company's shares, which have lost 90 percent since reaching an all-time high in 2011.

Existing natural gas discoveries in Brazil's Amazon will soon provide steady revenue, he said. The company also has $500 million in cash and the backing of international partners such as Russia's NK Rosneft AO and Portugal's Galp Energia SGPS SA.

In addition, drilling off the coast of Namibia could transform HRT into "the world's most important independent oil company," he told Reuters.

"It doesn't make sense. Investors have lost patience and forgotten that oil isn't a short-term investment," he said in an interview over lunch in his office overlooking Rio de Janeiro's Copacabana beach. "Those who sold their stock are going to be sorry."

HRT is hoping to make a large oil discovery in the coming months in waters off the coast of Namibia. The company has drilled 60 percent, or 2,800 meters (9,186 feet), of a planned 4,600-meter-deep well on the Wingat prospect in 22 days, he said. Wingat is the first of four wells planned for Africa's Namibia.

CHANCE OF SUCCESS

Wingat and the next two prospects, Murombe and Moosehead, are being drilled with Lisbon-based Galp, which owns 14 percent of the blocks where the prospects are located.

Those three blocks, plus a fourth, Meerkat, where HRT is looking for partners, may hold about 10 billion barrels of oil, he said. That's enough to supply all U.S. needs for a year and a half, according to BP Plc .

According to data from U.S.-based oil resource certification company Degolyer and MacNaughton that was supplied by HRT, there is a 24.1 percent chance, on average, of finding the following volumes in the four blocks: 1.3 billion barrels in Wingat, 4.3 billion barrels in Murombe, 3.2 billion barrels in Moosehead and 1.3 billion barrels in Meerkat.

"The geology is beautiful. If we don't find oil in the first well, the next three present larger potential volumes and high chances of success," Mello said. "Four prospects, each with about a 25 percent chance of success means our chances are very good."

"If we find oil in any of these prospects, the shares could easily go back to the 40 reais per share level," he added.

HRT rose 6.8 percent to 4.56 reais in Sao Paulo on Friday. Since reaching an all-time low of 3.33 reais on March 28, the stock has jumped 37 percent.

However, Mello is not pinning all his hopes on Namibia. One of Brazil's most respected oil geologists, Mello said failure, while possible, would mean many of his most strongly held views about geology are wrong.

AMAZON GAS OPTIONS

Regardless of any discoveries in Namibia, he expects to generate revenue from natural gas in the Amazon with Russian partner Rosneft long before the benefits of any potential African fields.

HRT, along with Rosneft and Brazil's state-controlled oil company Petróleo Brasileiro SA (Petrobras) expects to have a plan to sell gas from Amazon fields by July, Mello said.

Reflecting its confidence in the Amazon project, Rosneft is committed to buying an additional 10 percent of HRT's Amazon unit next year, raising its stake to a majority 55 percent, he said.

HRT and Rosneft have already discovered 3 trillion cubic feet (TCF) of natural gas in the Solimões Basin of Brazil's Amazonas state and he expects as much as 10 TCF to 15 TCF of gas in five key blocks in the region. The 3 TCF figure has yet to be certified.

The most likely way to turn that gas into cash, he said, is to build thermal power stations and connect them to Brazil's growing Amazon electric grid. That will move his "trapped" power to bigger centers without expensive pipelines.

Electricity made from burning HRT's low-sulfur "sweet" gas is worth more than the $2-$3 per British thermal unit it costs to produce that gas, he said.

Mello also hopes to use small-scale, increasingly cheap gas-to-liquids technology to transform natural gas directly into diesel fuel and gasoline. HRT has already had talks with General Electric Co and several Korean companies about equipment for power plants and other projects, he said.

"There are 30 million people in Brazil's Amazon and they use diesel and gasoline for everything," he said. "Converting the gas into fuel on site and then moving it by river to communities would be cheaper, more efficient and more environmentally sound than refining oil far away."

Mello estimated that a small, modular gas-to-liquids plant could produce about 4,000 barrels of diesel fuel per day for about $68 a barrel, or $1.61 a gallon. Diesel on the U.S. Gulf Coast for May delivery , a wholesale fuel benchmark, sold for $2.77 a gallon, or $116 a barrel, on Friday.

A modular plant of that size would cost about $400 million, according to Britain's Oxford Catalyst Group Plc. Oxford estimates each barrel a day of output requires an investment of about $100,000 in the plant.

HRT is also considering using gas to make fertilizer and ethanol, he said.

NEW OFFSHORE FRONTIERS

Mello says he has enough cash, about $500 million, to finish two-year drilling campaigns in Brazil and Namibia. That cash will not be used in any new areas HRT hopes to win at a May 14-15 oil-rights auction, the first in Brazil in five years.

Instead, HRT has signed non-disclosure agreements with three foreign oil companies that are ready to bid with HRT, he said. Under the agreements, the foreign companies will pay HRT's cash share of the bid. HRT would contribute expertise and returns from the future sale of shares in blocks won at auction.

"It is very important to stress that we are not putting any of our cash into the auctions," he said. "But we have geological experience. HRT used to be Brazil's largest service company, and that's worth something to our partners."

Mello is interested in rights in Brazil's "Equatorial Edge," which runs offshore from the border with French Guiana southeast past the mouth of the Amazon River to the city of Natal, where the coastline makes a sharp bend south.

The 2011 Zaedyus discovery off French Guyana by Tullow Oil Plc and Petrobras' 2012 Pecem discovery near Fortaleza, Brazil, have led many geologists to believe that the equatorial edge has large amounts of oil formed at the same time as oil fields across the Atlantic Ocean in Nigeria. (Editing by Todd Benson and Jeffrey Benkoe)

[motz1]

Moin Männer, 2800m sind's scheinbar bisher. Fingers crossed...

..............................

2:12 AM ET April 23, 2013

INTERVIEW-Brazil's HRT sees existing gas, future oil reviving stock

7:52 am -- * Namibia can make HRT 'No. 1 independent oil company'-CEO
* Those who dumped HRT stock 'will be sorry,' Mello says

* Says Amazon gas will soon be turned into revenue

* HRT seeks new Brazil blocks, won't use cash to buy them

By Jeb Blount

RIO DE JANEIRO, April 22 (Reuters) - Marcio Mello, chief executive of Brazilian oil company HRT Participações em Petróleo SA, says he is baffled by investors' readiness to dump the company's shares, which have lost 90 percent since reaching an all-time high in 2011.

Existing natural gas discoveries in Brazil's Amazon will soon provide steady revenue, he said. The company also has $500 million in cash and the backing of international partners such as Russia's NK Rosneft AO and Portugal's Galp Energia SGPS SA.

In addition, drilling off the coast of Namibia could transform HRT into "the world's most important independent oil company," he told Reuters.

"It doesn't make sense. Investors have lost patience and forgotten that oil isn't a short-term investment," he said in an interview over lunch in his office overlooking Rio de Janeiro's Copacabana beach. "Those who sold their stock are going to be sorry."

HRT is hoping to make a large oil discovery in the coming months in waters off the coast of Namibia. The company has drilled 60 percent, or 2,800 meters (9,186 feet), of a planned 4,600-meter-deep well on the Wingat prospect in 22 days, he said. Wingat is the first of four wells planned for Africa's Namibia.

CHANCE OF SUCCESS

Wingat and the next two prospects, Murombe and Moosehead, are being drilled with Lisbon-based Galp, which owns 14 percent of the blocks where the prospects are located.

Those three blocks, plus a fourth, Meerkat, where HRT is looking for partners, may hold about 10 billion barrels of oil, he said. That's enough to supply all U.S. needs for a year and a half, according to BP Plc .

According to data from U.S.-based oil resource certification company Degolyer and MacNaughton that was supplied by HRT, there is a 24.1 percent chance, on average, of finding the following volumes in the four blocks: 1.3 billion barrels in Wingat, 4.3 billion barrels in Murombe, 3.2 billion barrels in Moosehead and 1.3 billion barrels in Meerkat.

"The geology is beautiful. If we don't find oil in the first well, the next three present larger potential volumes and high chances of success," Mello said. "Four prospects, each with about a 25 percent chance of success means our chances are very good."

"If we find oil in any of these prospects, the shares could easily go back to the 40 reais per share level," he added.

HRT rose 6.8 percent to 4.56 reais in Sao Paulo on Friday. Since reaching an all-time low of 3.33 reais on March 28, the stock has jumped 37 percent.

However, Mello is not pinning all his hopes on Namibia. One of Brazil's most respected oil geologists, Mello said failure, while possible, would mean many of his most strongly held views about geology are wrong.


AMAZON GAS OPTIONS

Regardless of any discoveries in Namibia, he expects to generate revenue from natural gas in the Amazon with Russian partner Rosneft long before the benefits of any potential African fields.

HRT, along with Rosneft and Brazil's state-controlled oil company Petróleo Brasileiro SA (Petrobras) expects to have a plan to sell gas from Amazon fields by July, Mello said.

Reflecting its confidence in the Amazon project, Rosneft is committed to buying an additional 10 percent of HRT's Amazon unit next year, raising its stake to a majority 55 percent, he said.

HRT and Rosneft have already discovered 3 trillion cubic feet (TCF) of natural gas in the Solimões Basin of Brazil's Amazonas state and he expects as much as 10 TCF to 15 TCF of gas in five key blocks in the region. The 3 TCF figure has yet to be certified.

The most likely way to turn that gas into cash, he said, is to build thermal power stations and connect them to Brazil's growing Amazon electric grid. That will move his "trapped" power to bigger centers without expensive pipelines.

Electricity made from burning HRT's low-sulfur "sweet" gas is worth more than the $2-$3 per British thermal unit it costs to produce that gas, he said.

Mello also hopes to use small-scale, increasingly cheap gas-to-liquids technology to transform natural gas directly into diesel fuel and gasoline. HRT has already had talks with General Electric Co and several Korean companies about equipment for power plants and other projects, he said.

"There are 30 million people in Brazil's Amazon and they use diesel and gasoline for everything," he said. "Converting the gas into fuel on site and then moving it by river to communities would be cheaper, more efficient and more environmentally sound than refining oil far away."

Mello estimated that a small, modular gas-to-liquids plant could produce about 4,000 barrels of diesel fuel per day for about $68 a barrel, or $1.61 a gallon. Diesel on the U.S. Gulf Coast for May delivery , a wholesale fuel benchmark, sold for $2.77 a gallon, or $116 a barrel, on Friday.

A modular plant of that size would cost about $400 million, according to Britain's Oxford Catalyst Group Plc. Oxford estimates each barrel a day of output requires an investment of about $100,000 in the plant.

HRT is also considering using gas to make fertilizer and ethanol, he said.

NEW OFFSHORE FRONTIERS

Mello says he has enough cash, about $500 million, to finish two-year drilling campaigns in Brazil and Namibia. That cash will not be used in any new areas HRT hopes to win at a May 14-15 oil-rights auction, the first in Brazil in five years.

Instead, HRT has signed non-disclosure agreements with three foreign oil companies that are ready to bid with HRT, he said. Under the agreements, the foreign companies will pay HRT's cash share of the bid. HRT would contribute expertise and returns from the future sale of shares in blocks won at auction.

"It is very important to stress that we are not putting any of our cash into the auctions," he said. "But we have geological experience. HRT used to be Brazil's largest service company, and that's worth something to our partners."

Mello is interested in rights in Brazil's "Equatorial Edge," which runs offshore from the border with French Guiana southeast past the mouth of the Amazon River to the city of Natal, where the coastline makes a sharp bend south.

The 2011 Zaedyus discovery off French Guyana by Tullow Oil Plc and Petrobras' 2012 Pecem discovery near Fortaleza, Brazil, have led many geologists to believe that the equatorial edge has large amounts of oil formed at the same time as oil fields across the Atlantic Ocean in Nigeria. (Editing by Todd Benson and Jeffrey Benkoe)

http://www.ubs.wallst.com/ubs/mkt_story.asp?docKey=1329-L2N0…

[motz1]

Antwort auf Beitrag Nr.: 44.489.713 von gabbo62 am 23.04.13 08:17:09

Sorry, da war ich zu langsam.

[Drill-a-Hill]

Very bullish interview von Marcio

Wingat spud in war vor 30 Tagen,
nachdem wir die ersten 60% der Bohrung innerhalb von 22 Tagen gebohrt haben sollen, können wir möglicherweise in 1-2 Wochen mit den Ergebnissen rechnen,

Demnach sollten jetzt jederzeit die FarmDown-Fakten veröffentlicht werden, geplant war bis Ende April vor erreichen der Main Targets von Wingat:

Wie schon mehrfach erwähnt erwarten wir $100mio von Galp Energia für Ihren 14%igen Anteil von PEL 23, 24 und 28, wobei ca.

$260 mio(gross costs) * 0,14 =
$36,4 mio shared costs
$100 mio - $36,4 mio =
$63,6 mio farm-in costs

bei 5.356.000.000 boe pmean prosp. res. entspricht das ca. $0,085/boe (far-in costs)

Mello hat erwähnt das sie nach einem Partner für das 4te, das Meerkat prospect, suchen/verhandeln, welches sich in PEL 22 befindet mit gesamt pmean prosp. res. von 2.035.000.000 boe

angenommen wir bekommen auch hier $0.085/boe mit einem FarmOut von maximal 49% * $0,085/boe * 2.035.000.000 = $84,75mio

wären aber nur die farm-in costs.
shared costs lägen nochmal bei ca. 0,49 * $85mio = ca. $42mio

Mein Favorit für PEL 22 ist unser Liegenschaftsnachbar Tullow, operator vom KuduGasField...

, alles Annahmen, wie gesagt ich denke noch diese Woche sind wir möglicherweise schlauer wenn der neue Partner vorgestellt wird und die Konditionen veröffentlicht werden.

GLA

[Drill-a-Hill]

...in 22 Tagen gebohrte 1800m entsprechen durchschn. ca.82m/Tag

+8 Tage bis heute * 82m = 2456m (from seabed), also insgesamt könnten wir bereits auf einer Tiefe von ca. 3500 sein und gerade durch das Nocoma prospect bohren am Weg zu unseren main target Wingat



fingers crossed

[gabbo62]

Africa / African Business


Chariot ‘not giving up efforts’ to find oil along Namibia coast

by Paul Burkhardt, April 24 2013, 06:05


CHARIOT Oil & Gas, the UK explorer that failed to find crude oil in Namibia, is using information from its unsuccessful wells to get closer to making a discovery, CEO Larry Bottomley said this week.

"We learned technically an enormous amount from our wells and that has significantly refocused where it is that we’re addressing our exploration," Mr Bottomley said in an interview in Namibia’s capital, Windhoek.

"We happen to be in areas where there are elephants, so we’re looking for giant fields."

Namibia has attracted explorers on a bet that its coastal shelf has similarities to Brazil, where the offshore Tupi find in 2007 was the largest in the Americas in three decades. Even with investment from Chariot and partners BP and Petroleo Brasileiro, commercial crude deposits have not been found and Namibia’s sole gas field has sat idle since its discovery in 1974.

"Namibia is a frontier area: it is unproven to have material accumulations of hydrocarbons to date, but we believe that’s just a function of drilling density and exploration maturity," Mr Bottomley said on Monday.

The CEO joined Guernsey, Channel Islands-based Chariot in 2000 as a nonexecutive director in charge of new ventures and took the top job last year.

The explorer owns blocks in three basins along Namibia’s coast and announced plans last year to drill at least two wells in the country’s central blocks. It has lost 88% of its market value since May 14 last year, when it failed to find oil at Tapir South, off northern Namibia.

In September, Chariot also failed to find commercial quantities of crude at Nimrod in the south, a prospect where it is still gathering data. "All it would take would be somebody to unravel the secret, what it is that makes Namibia work, and there’ll be a whole significant follow-up potential," Mr Bottomley said.

Chariot says it has identified a potential find off southern Namibia and plans to process more seismic data at the site next year. Brazil’s HRT Participacoes em Petroleo and Spain’s Repsol also have drilling programmes in the country, and are increasing the number of wells there to 14 or 15 in the next 18 months, from 11 now, Mr Bottomley said.

"It’s still an immature exploration province and it’s a proven petroleum system. It took 22 wells in the North Sea to make the first discovery and about 26 in the Gulf of Mexico."

Chariot, which also has blocks in Mauritania and Morocco, is among companies boosting investment in exploration following a four-year increase in the price of crude.

While oil has now dropped below $100 a barrel, explorers undertaking high-risk projects such as Chariot are less discouraged because of the potential for large discoveries, according to Mr Bottomley.

"We’re unashamed elephant hunters and we’ve got contracts that are commensurate with the risk that we’re taking."

Mr Bottomley said the company was fully funded to do everything it needed to do in the next couple years.

Bloomberg

http://www.bdlive.co.za/africa/africanbusiness/2013/04/24/ch…

[Drill-a-Hill]

Morning,

derisk or not, that's the question,

was könnte eigentlich das worst case scenario in der kurzen Frist sein, sprich Wingat & HRT-11 beide dry??

Ich denke in dem Fall würde der SP wieder auf cash-niveau fallen, am 14/05/2013 werden die First Quarter 2013 Results veröffentlicht.

Cash Beginn 2013: BRL1.052mio (ca. 3,56BRL/share)
bei einer CashBurnRate von BRL2,3mio/day in Q1/13 blieben 1.052-2,3*90=845
mögliches Cash Ende Q1/13: BRL845mio (ca. 2,86BRL/share)
bei einer CashBurnRate von BRL2,9mio/day in Q2/13 bis zum 14/05/13 blieben 845-2,9*44=717,4
mögliches Cash bei Veröffentlichung der First Quarter 2013 Results am 14/05/13: BRL717,4mio (ca. 2,43BRL/share)

in die CashBurnRates sind allerdings die möglichen revenues nicht inkludiert:

Verkauf von Air Amazonia ca. +BRL140mio (ca. 0,48BRL/share)
FarmIn von Galp Energia ca. +BRL130mio (ca. 0,45BRL/share)
FarmIn in PEL 22 von ?? ca. +BRL ???mio (ca. ???BRL/share)
...

Also könnte HRTs CashPosition am 14 Mai bei ca. 3,36BRL/share sein, und in den First Quarter 2013 Results bei ca. 3,79BRL/share, wenn die CBRs tatsächlich wie angekündigt waren und die revenues bereits enthalten sind,
für PEL 22 halte ich weitere 0,5BRL/share für wahrscheinlich,...

Meiner Meinung nach wäre das Worst Case Scenario nach Wingat & HRT-11 um die 3 BRL zu notieren (zwischen 2,43 und 3,36 BRL)

Best Case???: the sky is the limit!!!
wie sagte Marcio Mello Anfang der Woche?:

* Namibia can make HRT 'No. 1 independent oil company'-CEO
* Those who dumped HRT stock 'will be sorry,' Mello says
* Says Amazon gas will soon be turned into revenue
* If we find oil in any of these prospects, the shares could easily go back to the 40 reais per share level

und nicht vergessen nach Wingat & HRT-11 folgen Murombe, Moosehead und wahrscheinlich Meerkat, in Brazil sind auch weitere Bohrungen geplant, der Gas Monetization Plan wird konkrete Formen annehmen, weitere FarmOuts in Solimoes Basin sind geplant, Bidding für Offshore Blocks in Brazil mit 3 verschiedenen Majors,...

Derisk? - No way! (imo )

GLA

[Drill-a-Hill]

Good Morning allerseits,

am Montag ist die Aktionärsversammlung bei der über HRTs Board of directors entschieden wird.

Discovery Capital Management haben sich am 05 April über 6% der Aktien (18.081.997 shares) und damit auch Stimmrechte gesichert. In der Meldung fiel unter anderem folgende Aussage:

According to the information provided in the referred letter, the purpose of the above mentioned equity holdings is strictly of investment, and there is no current plan to change the control composition or the administrative structure of the Company.

und folgender post:

Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?sv=1…

The great drive with HRT Oil shares this week, which raised the price by 33% in four days and confused part of the market, is the most visible part of a movement of large foreign and domestic investors who are losing patience with the company. They want to change the board and remove Marcio Rocha Mello, founder of oil, as chairman of the board, allowing him to occupy the presidency of HRT Participações em Petroleo (HRTP).

According to a source familiar with the matter, the movement of the last few days has been led by Discovery Capital Management, a hedge fund based in the USA which manages a portfolio of $ 7 billion, working together with Southeastern Asset Management, which manages $ 32 billion in assets and is now largest individual shareholder of HRT, with 14.28% of the shares.

Led by investor Mason Hawkins, Southeastern has been trying, with great success, change from passive to active participation in the companies which hold shares. That's what happened last year in Chesapeake Energy Corp., the giant American gas from which the co-founder Aubrey McClendon turned away with half the company's board after a series of bold bets. More recently, they tried to participate in the delisting of computer maker Dell, which also holds a majority of shares in private hands, this time without success.

In Brazil, the goal is to join forces with other investors to improve governance, control box and review the business plan of HRT...

, nur eine Woche später dann die Anfrage von Discovery:

written request from Discovery Capital Management for the adoption of the cumulative voting procedure for the election of the members of the Board of Directors of the Company, appointing Mr. Oscar Alfredo Prieto, Mr. Stefan Alexander and Mr. François Moreau as candidates for the referred Board of Directors.

Aha Discovery geht es nur um investments, keine weiteren Pläne....

Jedenfalls stehen damit 14 Kandidaten für 11 Plätze zur Wahl:

I. The Management of the Company proposes Messrs. Marcio Rocha Mello, Milton Romeu
Franke, Wagner Elias Peres, John Anderson Willott, Elias Ndevanjema Shikongo, Carlos
Thadeu de Freitas Gomes, William Lawrence Fisher, Joseph P. Ash, Peter L. O’Brien, Thomas
W. Ebbern, and Charles Laganá Putz, as candidates for the Board of Directors of the Company

II. Other shareholders propose Messrs. Stefan Alexander, François Moreau and Oscar
Alfredo Prieto as candidates for the Board of Directors of the Company.

Southeastern Asset Management & Discovery Capital Management LLC sind HRTs größten zwei shareholder mit 15% & 6.12% und haben damit massive Stimmgewalt, ich sehe für sie eine win-win Situation, ist man in Namibia & Brazil erfolgreich schießen die Anteile in die Höhe, hat man keine discoveries könnte man möglicherweise billig übernehmen und dann gewinnbringend zerschlagen und die Assets verkaufen...
So oder so mir gefällt die Vorstellung überhaupt nicht Irgendendwem aus HRTs herausragendem Management & Team gehen zu sehen, drücke ihnen die Daumen...

[links-zwo-drei-vier]

HRT aguarda dados sobre campo na costa da Namíbia

Quelle: http://www.istoedinheiro.com.br/noticias/117853_HRT+AGUARDA+…

__________


Hierzu die GOOGLE-Übersetzung in deutsch:

HRT erwartet Datenfeld an der Küste von Namibia

HRT sollte sich auch am Sonntagabend über den Abschluss der Bohrungen der ersten Ölfeld vor der Küste von Namibia, sagte der Präsident des Unternehmens Marcio Rocha Mello. Der Ölkonzern hat 12 Öl-Blöcke in dem Land.

"Wahrscheinlich heute (Sonntag) Abend werden wir die Information, dass das erste Feld und ich bin recht optimistisch", sagte der Geschäftsführer. "Aber selbst wenn wir nicht dort zu finden, finden wir die drei anderen arbeiten wir. Reports darauf hin, dass wir eine Chance, um Öl für die kommerzielle Produktion in eines dieser Felder liegt zwischen 25% und 35%. Finden, seit wir in vier Bereichen tätig sind, wir haben alles, um in dieser Phase erfolgreich zu sein. "

Der Vorstand hat das 12. Forum Commandatuba, einer der führenden Business-Meetings in dem Land, das Resort Transamerica Comandatuba Island, die südliche Küste von Bahia, zu begleiten, das Hauptquartier der HRT in Rio, erhalten Details der Bohrungen des ersten Feldes in dem afrikanischen Land bis 4600 Meter tief.

In Brasilien, nach der Exekutive Teil des Unternehmens zu einem neuen Versuch, die Erdgas-Reserven verwenden gefunden Solimões Basin, der Amazonas, nachdem er die frustrierten Erwartungen der Suche nach Öl in 21 Blöcke in der Region erworben. Die Aussicht auf eine reduzierte Nutzung der Gasreserven, ohne Pipeline-Netz für den Vertrieb, verursacht einen Rückgang von fast 90% an Wert der Stammaktie von HRT im Vergleich zum höchsten Preis, im Jahr 2011 erreicht. "Wenn du nicht auf den Berg gehen kann, der Berg zu bringen", sagte Mello.

Laut der Exekutive, ist der Plan, ein thermisches Kraftwerk bauen und vertreiben Energie in der Region weit fortgeschritten. "Unser Plan ist, nutzen die Eigenschaften von Erdgas gibt es, das ist trocken und sauber wie üblich, um eine thermische Kraftwerk am Standort und die Verbindung mit den Stämmen der Energieverteilung der Region zu bauen. Das Projekt ist fertig, präsentieren wir und erntet gute Renditen. 's budgetiert bei 3,6 Mrd. US $ und wird in der Lage sein, um die gesamte Bevölkerung der Region dienen. Ding 1 Million Megawatt, können Sie eine Revolution im Norden des Landes "

L234

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.529.511 von links-zwo-drei-vier am 29.04.13 08:51:09

Wingat 35 days
Hrt-11 42 days

Good News im Vorfeld der heutigen Aktionärsversammlung könnten Marcio &Team gut gebrauchen...

Fingers Crossed

[Mr.Dagobert]

Antwort auf Beitrag Nr.: 44.529.667 von Drill-a-Hill am 29.04.13 09:14:04

Danke für die Bereitgestellten Infos und hoffen wir das Beste.

HRT gooooo

[gabbo62]

NEWS RELEASE

HRT CONFIRMS THE FILING OF GUARANTEES TO ANP

Rio de Janeiro, April 29th, 2013 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) announces that, on April 26th, 2013, its subsidiary, HRT O&G Exploração e Produção de Petróleo Ltda. ("HRT O&G"), filed before National Agency of Petroleum, Natural Gas and Biofuels ("ANP"), the required guarantees to allow the participation in the 11th Bid Round.

"With this step, and with the qualification as an operator "A", we create the possibility of HRT participate in new opportunities, diversifying our portfolio", said Milton Franke, CEO of the Subsidiary.

[links-zwo-drei-vier]

Aus dem "iii-Thread" vom User "jimmy24":

Unconfirmed report that as a consequences of to days hrt Agm that the new board of directors has appointed John Anderson willot as chairman, replacing marcio mello as chairman but who still stays on the board as a director.

Waiting on official Stock exchange announcement.

Some people either love or hate marcio, a win for marcio in Namibia is now more important than ever.

Jimmy

Quelle: http://www.iii.co.uk/investment/detail?display=discussion&co…

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.538.169 von links-zwo-drei-vier am 30.04.13 10:19:53

Discovery konnte ihre drei Kandidaten installieren, Chairman wurde Willott einer vom Hrt-management vorgeschlagender Kandidat
, Vice Chairman wurde allerdings Prieto, von Discovery vorgeschlagen:

New Board of Directors

• François Moreau
• Oscar Alfredo Prieto
• Peter L. O´Brien
• Charles Laganá Ptz
• John Anderson Willott
• Joseph P. Ash
• Marcio Rocha Mello
• Thomas W. Ebbern
• Wagner Elias Peres
• Stefan Alexander
• Elias Ndevanjema Shikongo

For Chairman: John Anderson Willott For Vice Chairman: Oscar Alfredo Prieto

CEO ist nach wie vor Marcio Drill-Deep Rocha Mello

[butzbutz]

HRT-REALTIME-Chart/Kurse von der HEIMATBÖRSE São Paulo:
- selbst aktualisierend - (REAIS-BR)






HRT-REALTIME-Chart/Kurse von der Nebenbörse TORONTO:
- selbst aktualisierend - (CAD)

[butzbutz]

Auffallend ist der in den letzten Tagen mit dem Rebound an der blauen
Unterstützungslinie begonnene Uptrend, dessen SK, nach Verlassen
des Downtrends, (weiße Linien) nun mit dem GD-50 Tg.Widerstand zu tun hat.

Heute verblieb der SK unterhalb beiden GD-Widerständen (blauer Kreis)

Die HEIMATBÖRSE TORONTO meldet nachfolgende Schlussdaten:

0,22 CAD = 0,166 € = Minus 4,35 % (zum Handels-Vortag) = Volumen 56.100 shares

[butzbutz]

Antwort auf Beitrag Nr.: 44.544.455 von butzbutz am 30.04.13 22:20:15

Sorry, falscher Thread !

Noch angenehmen Abend, butz

[butzbutz]

Nach dem imposanten April-Anstieg innerhalb des langfristigen Downtrend-Kanals,
(blaue Linien) zeigt die Charttechnik eindeutig durch das "Nicht-Überwinden" des
GD 200 Tg.-Widerstandes bei 1.19 CAD. dass die bisherigen
fundamentalen Meldungen (thanks an Drill a.H, L234, gabbo62 und...) nicht
ausreichten, um mit einem drive diese Hürde zu brechen.
Der Parameter MACD als Trendindikator (s.Pink-Kreis Grafik) macht auch noch
keine Anzeichen zur Wende.

Good luck for all,
so long butz

[butzbutz]

Antwort auf Beitrag Nr.: 44.546.235 von butzbutz am 01.05.13 10:46:26

In Kanada sind die Börsen heute geöffnet, während Brasilien heute wegen
des Feiertages "Dia do Trabalho" (Tag der Arbeit) die Börsen geschlossen hat.

[Drill-a-Hill]

Guten Morgen,

Die letzten 2 sehr erfolgreichen Bohrungen mit Rekord-Flowrates wurden in Rekordzeit gedrillt...

HRT-10: ca. 45days for ca. 2300m
The estimated AOF for this test is 1,600,000 cubic meters
per day / 56,503,488 cubic feet per day
HRT-9: ca. 60 days for ca. 3000m
The calculated AOF for this test was 7 million cubic meters (247.21 million cubic feet) of natural gas per day



HRT-11, bzw. das Cajazeira prospect ist heute 45 Tage alt und hat eine proposed total depth at 2,175 meters. Man kann jetzt also jederzeit mit den Ergebnissen rechnen...

GLA

[Drill-a-Hill]

GOOD LUCK ALL!!!

The Wingat-1 well, in an area where shipwrecks line the country’s Skeleton Coast, is expected to be finished at a depth of about 4,200 meters (13,800 feet) by the end of this week, Patricia Odenbreit, an HRT spokeswoman, said in an e-mailed response to questions. The well is being drilled by Transocean Ltd.’s semi-submersible Transocean Marianas rig.

http://mobile.bloomberg.com/news/2013-05-02/namibia-well-ma…

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.558.061 von Drill-a-Hill am 03.05.13 01:05:38

http://mobile.bloomberg.com/news/2013-05-02/namibia-well-may…

[Drill-a-Hill]

dropping....

Chariot O&G ist auch schon ordentlich im Minus unter hohem Volumen,
ob da schon was nach außen gedrungen ist

oder derisk weil man das Risiko scheut und übers WE die Ergebnisse erwartet...

GLA

[Drill-a-Hill]

..., hält sich ganz gut, klar ist bald wird es zu großen Kursbewegungen kommen, bei Wingat wird wahrscheinlich gerade durch die main targets zwischen 3900m und 4200m gebohrt, Montag Ergebnisse?

Schönes WE,
fingers crossed

[Drill-a-Hill]

---Dreaming of One Billion Barrels of OIL---

[links-zwo-drei-vier]

Antwort auf Beitrag Nr.: 44.567.221 von Drill-a-Hill am 04.05.13 11:27:22

---Dreaming of One Billion Barrels of OIL---

[links-zwo-drei-vier]

Antwort auf Beitrag Nr.: 44.567.221 von Drill-a-Hill am 04.05.13 11:27:22

Aus dem "iii-Thread" vom User "Tarles":

"-7% ... Wow !

I clearly remember the same talk on the Rockhopper boards as it fell back in May 2010. Guess what happened next? Up the next day 138% and then went from 50p to over £5 a share within 6 months. And they say the Falkland oilys are a leaky ship.

We will have this talk with every well drilled offshore Namibia and not surprised to see all the negative posters are back out in force again with their words of wisdom.

Negatroids you have made your points, long term holders have made their stance clear. With many more wells to be drilled that could very well impact massively on our share price what is the worry from here? With every well drilled even a duster will get us closer to that oil!

Off to enjoy the weekend"

Quelle: http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&disp…

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.567.347 von links-zwo-drei-vier am 04.05.13 11:59:20

Very true, multi-well-program ongoing

die Kursverluste waren reines derisking, die main targets full of (potential )OIL werden gerade erst durchbohrt, möglicherweise werden sich am Montag einige in den Hintern treten, wir brauchen nur folgende Worte:

"News Release - HRT announces the discovery of hydrocarbons in well..."

Drill-Deep&Find-Oil

[Drill-a-Hill]

Hello,

Bewerten wir eine Discovery bei Wingat mit $10/boe entsprechen das /share (GDR!) ( ... * boe * $10 * 0,86 (86% Interest) / "590mioShares"(GDRs)):

Unrisked-Resource Potential (D&M’s) für Wingat:
P90 : 277 MMBO...............$4/share
P50 : 772 MMBO ..............$11/share
Pmean : 1,039 MMBO.......$15/share
P10 : 2,112 MMBO............$30/share

Upside allein für Wingat ist die Wette wert bei Chance of Success von 27%
und einem übersichtlichen Downside von IMO maximal CashValue (IMO momentan ca. $0,6-$0,8/share je nachdem ob die revenues vom Verkauf von A.A. und Farm-In von Galp bereits inkludiert sind (Ende Q4/12 war cash bei ca.$0,9/share)

GLA

[links-zwo-drei-vier]

Aus dem "iii-Thread" vom User "jimmy24":

Strong rumours that the wing at well has encountered carbonates with circa 30 % porosity.
This would be an excellent reservoir , similar to the cameia well in angola and has huge implications for the carbonate potential reservoirs in chariots central blocks, as high porosity carbonates are frequently caused by changes in ancient sea levels, which are obviously regional. Might also have implications for chariots zamba prospect.

There are also strong rumours that hrt have found gas.
Marcio is getting very good at finding gas.
The implications of this are difficult to tell atthis stage, a lot will depend on whether there were oil shows also, and is this wet gas with an oil rim, also what is the source for the gas .

If the gas was sourced from the albian aptian then it's highly likely that the deeper murumbo prospect sourced by the barramian is also gas.
Alternatively , if this could be a gas cap with an oil field underneath it, which is not unusual , then this confirms the presence of oil source rocks. These could be from either the barramian or albian aptian. The devil is in the detail and more info needed.

If this is true, and it's only rumour at this stage, then it confirms a working petroleum system.this is good, but it would be better if oil is confirmed also.

Remember large gas fields are highly valuable, just look at mozambique and the value of it's gas discoveries.

The presesence of gas could be caused by a high thermal gradient in the barramian caused by the local presence of volcanics, which overcooked the oil source rocks. If the albian aptian source were mature for oil, then gas migrating from the deeper barramian might displace part of an oil accumulation thereby creating an oil field with a gas cap and hence explain the high number of oil seeps in the area.

The devil is in the detail, which we have yet to hear. But it will certainly help chariot determine the best locations for oil in it's blocks.

Remember, this is just strong rumours at this time, waiting on confirmation.
Hrt's anchor handling vessels were moored outside walvis bay and both have now left the area , presumably to go the rig.

Monday pm is going to be interesting.

Jimmy

Quelle: http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&disp…

[motz1]

Hallo Männer,

danke für die Beiträge und guten Infos!

Ob HRT wohl die Güte haben könnte die treue Anlegerschaft über den Stand der Dinge zu unterrichten?

Ich will es JETZT wissen .


Happy waiting . . .

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.571.065 von links-zwo-drei-vier am 05.05.13 20:24:46

So wie ich das verstehe ist jimmys Quelle gusmaran ein poster in Brazil,:
bei LSE zitiert; http://www.lse.co.uk/ShareChat.asp?page=2&ShareTicker=CHAR

"According to Gusmaran, there in another forum, the high porosity of the rocks in Wingat is an excellent indication of hydrocarbons. According to him, if there was no oil there, the rock pores would be closed."

"- strange behavior of the Chariot, but noted that they were worth 3.6 MM shares traded, compared to 20 MM when they missed the hole Nimrod - May have insider? You can, but it is critical to evaluate. A person with a small equity position of Chariot, or a short seller may have installed panic. Assuming that there is insider, what could it be? In my opinion, and this is quite possible, it may be a gas well. We already saw that in prolific Brazilian basins, there are mega oil wells, but also natural gas."

"Returning to Wingat, 30% porosity in carbonate .... do not know ... watch the sales."

Ich sehe hier kein rumour, lediglich die Überlegung von gusmaran woher die hohen Volumen vom Freitag herrühren könnten...

Hier ist alles offen, möglicher News-Release zwischen 13-15h

GLA

[Drill-a-Hill]

Mello & Peres haben immer gesagt, daß weitere FarmOuts in Namibia bis zum erreichen der main targets verhandelt werden, daß scheint jetzt der Fall zu sein...

Möglicherweise gibt es ja schon einen weiteren deal, nach Galp, der diese Woche veröffentlicht wird.

Der Monat Mai wird auf jeden Fall spannend vom NewsFlow her:

- Farm-Down-News
- Wingat-results
- HRT-11-results (Cajazeira prospect)
- Bidding offshore blocks in Brazil (14,15/05)
- Q1/13 - results (revenues von AirAmazonia & FarmDown sollten cash stabil halten)

- Gas Monetization Plan - results (Verhandlungen mit PetroBras & Rosneft; juni/juli?)

GLA

[Drill-a-Hill]

Material Fact - Agreement to Acquire 60% Participating Interest in the Polvo Field
http://www.newswire.ca/en/story/1159099/material-fact-agreem…
The Polvo Field is located in the southern portion of the Campos Basin, 100 km east of the city of Cabo Frio, State of Rio de Janeiro, and currently produces approximately 13,000 barrels per day of 20.3̊ API oil from three producing reservoirs

[Drill-a-Hill]

Zitat von Drill-a-Hill: Material Fact - Agreement to Acquire 60% Participating Interest in the Polvo Field
http://www.newswire.ca/en/story/1159099/material-fact-agreem…
The Polvo Field is located in the southern portion of the Campos Basin, 100 km east of the city of Cabo Frio, State of Rio de Janeiro, and currently produces approximately 13,000 barrels per day of 20.3̊ API oil from three producing reservoirs

surprise, surprise

"The acquisition of 60% of Polvo and the recent confirmation of our status as a Class "A" Operator by ANP are key milestones in the implementation of our strategy to diversify our portfolio beyond exploration assets. Polvo is a great fit for HRT. Our team of upstream professionals includes geologists and engineers who discovered and operated Polvo prior to BP's acquisition of the asset from the previous operator. We know the field well and see untapped potential for further exploration and future production within the larger license area." highlighted Marcio Rocha Mello, Chief Executive Officer of HRT.

[gabbo62]

WOW !
Great News.
Die Konditionen sind für HRT so gut, dass vermutlich ein Kompensationsgeschäft dahinter steckt. Wetten, dass BP Farm-In-Partner Namibia wird?

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.575.095 von gabbo62 am 06.05.13 15:42:24

Sehr gut möglich, in Bezug auf die Nimrod-Bohrung, wäre das ein positives Signal von BP Interesse an weiteren blocks um Kudu zu bekommen,

ich sage nur "proven source rock"

Mit Polvo wird HRT nun zum producer...

[gabbo62]

http://www.foxbusiness.com/news/2013/05/06/brazil-hrt-buys-6…

Brazilian oil start-up HRT Participacoes em Petroleo SA (HRTP3.BR) said Monday it would acquire a 60% stake in the offshore Polvo heavy oil field from the local unit of BP Plc (BP, BP.LN) for $135 million.
The deal, which is subject to regulator approval, would mark HRT's transformation from a pure exploration play into a small oil producer. Polvo produces about 13,000 barrels of heavy crude oil a day, according to HRT. The Brazilian unit of Denmark's Maersk Oil holds the remaining 40% of Polvo.

BP, meanwhile, sheds an asset that held very little interest for the company after its acquisition in 2011. BP bought Polvo as part of a larger, $3.2 billion deal to acquire the Brazilian assets of Devon Energy Corp. (DVN). BP had actively sought to sell off its stake in Polvo, looking toward exploring other deep-water prospects acquired from Devon.

HRT, which had a cash position of about $500 million at the end of 2012, said that it would finance a large part of the purchase price via a loan with Credit Suisse.

Given HRT's focus on conserving its cash to fund its exploration plans, the deal likely increases the chance HRT will be nothing more than a bit player in Brazil's upcoming 11th-round auction of oil and natural gas exploration concessions set for May 14-15. In March, HRT Chief Executive Marcio Rocha Mello said in an interview that the company was in talks with several companies about partnerships to participate in the auction, but "without using cash."

HRT recently started drilling its first well of the coast of Namibia. The West African nation is the crown jewel of HRT's portfolio of oil and natural gas exploration blocks. Geologists believe the highly prospective region off Namibia's coast could hold billions of barrels of oil under similar conditions to Brazil's subsalt, where oil was discovered trapped under a thick layer of salt. The two areas were connected millions of years ago.

The company plans to drill three wells off the coast of Namibia this year, while negotiating with other companies to sell an additional stake in the blocks to fund a fourth well.

HRT operates 21 blocks in the Solimoes Basin of Brazil's remote Amazon region with a 55% stake, while Russian partner TNK-Brasil holds the remaining 45%. The two firms have joined forces with state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR) to find a strategy to generate cash from natural gas discoveries made in the region.

[gabbo62]

Jetzt kannst es UP gehen.
Habe mir nochmals 3.940 (1,08 CAD) ins Körbchen gelegt.

[Petronius]

Salve Dril,

Wie siehst du den Deal??

Habe mal paar Links rausgesucht:
http://en.wikipedia.org/wiki/Heavy_crude_oil
http://www.offshore-mag.com/articles/print/volume-68/issue-3…
http://www.upstreamonline.com/hardcopy/news/article1245207.e…

Man kann daraus schliessen:
- Heavy crude oil hat niedrigeren Preis, ist teuer zu raffinieren, hat Umweltrisiken, die Förderrate ist bei BP wg. des Wartungsaufwands schon mla gefallen.

Polvo production started at 5,000 b/d 19° API gravity oil from the first well and output was doubled soon after from a second well. Polvo field reserves are estimated at 50 MMbbl and gross production is expected to peak during 2008 at approximately 50,000 b/d of oil.
--> Das Feld ist schon im Niedergang, die Produktionskosten werden also steigen.

Besides the BM-C-8 block where Devon found Polvo, the company acquired concession for six blocks in Campos basin in partnership with other oil companies.


Frage:
- Bekommen die mit dem Feld weitere Bohrziele???
- Sind die Installationen mit im Preis, inklusive Transportschiff?
- Wieviel bekommt man für Brazil heavy crude..
- Was sind die möglichen ROI ?

Petronius

[Drill-a-Hill]

Salve Petronius,

thanks for research!, good points,

Der Preis scheint im ersten Moment sehr attraktiv, geschenkt gibt es natürlich nichts, die Förderraten sinken, BP will sich auf die anderen Deep wells konzentrieren, aber HRT & team sieht hier gute Chancen:

- weitere Bohrziele?

The Polvo Field is located in the southern portion of the Campos Basin, 100 km east of the city of Cabo Frio, State of Rio de Janeiro, and currently produces approximately 13,000 barrels per day of 20.3º API oil from three producing reservoirs: sandstones of Carapebus Formation, of Maastrichtian and Turonian ages, and carbonates of the Macaé Formation/ Quisamã Member, of Albian age. The license covers over 134 km2 of acreage with numerous attractive prospects for further exploration.

"We know the field well and see untapped potential for further exploration and future production within the larger license area." highlighted Marcio

- mit im Preis?

The PSA also encompasses the acquisition of 100% membership interest in BP Energy America LLC, the owner of the "Polvo A" fixed platform, and a 3,000 HP drilling rig, which is necessary to operate the field. The "Polvo A" platform is connected to the "FPSO Polvo" with facilities for hydrocarbon separation and water treatment, oil storage and offloading capabilities.

- Wieviel bekommt man für Brazil heavy crude..
- Was sind die möglichen ROI?

no idea, am 15 Mai findet der Conference Call zu Q1/13 statt, da werden wir näheres erfahren,..

GL

[Drill-a-Hill]

Hello

http://investorshub.advfn.com/HRT-Petroleo-HRTPY-22012/
#305 ; #306

Octopus is a developed field in the Campos Basin producing 13 kbpd of heavy oil (20 API) and containing ~ 24 million boe of 1P reserves. Currently there are 10 horizontal wells linked to the FPSO Polvo (90 kbpd production capacity), producing flow rates ranging from 133 and 2,772 bpd / well. The high number of wells is needed due to the high compartmentalization of the reservoir and the low pressure, Which requires an infield drilling to optimize production. According to the development plan filed with ANP, production started in 2007 and is expected to last until 2019. HRT Believes the potential to be higher, but the company did not disclose its 3P estimate nor the investments required to develop the additional volume.

If we assume the debt, paid USD 9.4/bbl HRT is developed 1P reserves, Which we believe to be attractive for heavy oil, but we need confirmation on the debt side to come to the final Conclusion. Looking at the cash generation, the deal seems good. We estimate the Polvo field's cash generation net to HRT at USD 60 million per annum, at least in the short term, assuming that: i) the oil produced from the Polvo field is being sold at a 10% discount to Brent ii) leasing + service costs of USD 360/day for the platform; iii) USD 20/bbl of variable costs, iv) a 34% tax rate, and v) no further investments. It is important to note that HRT has Accumulated losses que it will be able to use to offset part of the income tax payable, Which Is Also positive and Improves valuation.

1) $ 60 MM of free cash flow for the year HRT. That should tell the 1Q13 if the ANP approves the transaction;
2) The equipment that come in the package, namely a drilling rig and a fixed platform, cost $ 50 MM in view of MS;
3) HRT should abate its tax credits with this operation. What was once an asset in a latent state, now comes to life creating value;
4) are 134 km2 area where there are other flyers, and are frize: not only carbonate but also sandstones;
5) adding 1 + 2 Octopus cost $ 85 million, but in one year, already subdued $ 60 MM. The IRR of this business is FABULOUS;
6) $ 60 MM free cash per year, if we do a multiple simple 10x free cash (See I do not speak of EBITDA, but free cash), would this asset to $ 600 MM was made in 10 years but as the "production may be limited to 2019," chutemos 6 years old. As we are talking about free cash, the multiple is greater than EBITDA. Anyway, 6x $ 60 $ 360 would MM MM value. However, as occurred in the Peregrino field, where Stateoil had problems with carbonate, but well resolved, with new techniques, HRT can do the same. Ditto for OGX in Blue Shark;
7) There is a possibility UPSIDE in the rest of the prospectus.

IN short, Octopus can be worth something between R $ 720 and R $ 1.2 MM BI with the premise of the report Itaú. My premise is always more optimistic because I believe in the business, and I'm not an analyst. I think we have a floor for action hereafter, and it is R $ 4. It's up.

[Drill-a-Hill]

Als nächstes erwartet uns

FarmDown-News & Wingat & HRT-11 -Ergebnisse

GLA

[Drill-a-Hill]

P R O D U C E R

you gotta love it

LA

[Drill-a-Hill]

Good Morning

allmines gab ein update bei iii zu Marinans und supporting vessels:

http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&disp…
Just a short update on Marianas and her supporting vessels
She has just come back on tracking system and is still anchored in the same position over Wingat.
Maersk Shipper - AHT, last seen almost 4 days ago, next to Marianas
Maersk Traveller - AHT, on her way to Marianas, having left Luderitz late yesterday.
Siem Louisa - supply vessel, left Marianas this afternoon heading to Walvis Bay
Sanco Spirit - seismic vessel, has been in all HRT blocks in the last few weeks carrying out further seismic work. Over the last week she has been working north to south around 60-90 n m west of Marianas.


und passend zu den Wochenendrumours, "if this could be a gas cap with an oil field underneath it,

Zitat von links-zwo-drei-vier: Aus dem "iii-Thread" vom User "jimmy24":

Strong rumours that the wing at well has encountered carbonates with circa 30 % porosity.

There are also strong rumours that hrt have found gas.

Alternatively , if this could be a gas cap with an oil field underneath it, which is not unusual , then this confirms the presence of oil source rocks.

If the albian aptian source were mature for oil, then gas migrating from the deeper barramian might displace part of an oil accumulation thereby creating an oil field with a gas cap and hence explain the high number of oil seeps in the area.

Jimmy

Quelle: http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&disp…

", meint jimmy gestern, "Looks like mr drill deep is going deeper"
http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&disp…

Dribble,
Not heard anything to day. Been looking at marine traffic and supply vesselcalled to the petrobas storage facility and returning to rig now. That's the second time in the last week.
Another supply vessel is on it's way to the petrobas storage facility in luderitz.
Looks like mr drill deep is going deeper.
Jimmy

Tag 44 der Bohrung, HRT lässt nichts nach außen dringen,

let's hope the best, (P10 : 2,112 MMBO )

GLA

[butzbutz]

HRT-REALTIME-Chart/Kurse von der HEIMATBÖRSE São Paulo:
- selbst aktualisierend - (REAIS-BR)






HRT-REALTIME-Chart/Kurse von der Nebenbörse TORONTO:
- selbst aktualisierend - (CAD)

[tnzs72]

Hola!

Da wir ja alle im gleichen Boot sitzen, hier auch nochmal, falls ihr nur selten in den Thread zu PCL schauen solltet.

Nachdem mittlerweile die Gerüchteküche bezüglich Wingart-1 (Fund, News am kommenden Montag usw.) brodelt, habe ich gerade mal mit der IR von HRT in Rio telefoniert.

Habe die Dame am Tel. gefragt, ob sie die Gerüchte kommentieren kann und sie meinte News gibt es erst nach Ende des Drills, nach Ende der 60 days.

Dann ein bisschen hin und her bis sie schließlich in einem Satz meinte, dass sie wohl gerade am Testen sind.

Am Montag wohl keine News: "We aren't preparing anything for Monday. Seriously."

Dann wieder ein bisschen hin und her und schließlich meinte sie, dass es eventuell, vielleicht, voraussichtlich am 15. Mai etwas gibt.

Da ist der Conference-Call zu dem Earnings Release am 14. Mai. Hoffe mal, dass nicht nur während des Calls etwas gesagt wird, sondern auch offiziell released.

Sollte aber so sein, da sie betonte, dass sie die news allen Shareholdern zur gleichen Zeit zugänglich machen werden.

Die für den Drill veranschlagten 60 Tage wären eine Woche später am 23. Mai voll. Wenn man mal von einer Woche "extra time" ausgeht, dann könnte 15. tatsächlich hinhauen.

Die IR hatte schon ganz am Anfang des Drills im März zu mir am Telefon mal gesagt, dass sie ein Announcement erst herausbringen, wenn der Drill inkl. Test komplett abgeschlossen ist.

Hoffe mal, dass es kein schlechtes Zeichen ist, dass Marcio Mello zwischenzeitlich NICHT vermeldet hat, dass sie auf Gas und/ oder Öl gestoßen sind und er all die Jahre Recht hatte mit seiner Theorie.

Vielleicht haben sie ihn auch irgendwo angekettet.

Gruß von
tnzs

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.601.583 von tnzs72 am 09.05.13 21:03:24

Hola tnzs!,

thanks for sharing, komisch dieses hin und her mit bloomberg und co.,

testing? Drillsteamtesting?? interesting!, spricht dafür das sie doch die main targets schon durchbohrt haben und jetzt möglicherweise für notwendig bzw. wert halten zu testen,...

bist du eigentlich auf stockhouse unterwegs

IR is telling what IR is told to tell.
When I phoned them a couple of weeks ago when the announcement of the start of the drilling came out, I was told that the 60 days, INCLUDE logging and testing and some spare time.
Regarding this information drilling should be finished BEFORE the end of the given 60 days.
Believe it or not,
cheers and have a good day,
Neo aka tnzs

Umgangston dort ist unter aller sau...

GL mit pancon!

[Pompeianus]

Via Twitter von @chrisoil:
Yes gas top oil underneath oil seeps oil around so HRT geo claim
https://twitter.com/chrisoil
Nur ein Gerücht oder ist da mehr dahinter?

[tnzs72]

Hola Drill-a-Hill & Pompeianus!

Ja bin auch auf Stockhouse unterwegs, werde dort im HRT-Forum aber nichts mehr schreiben, nur noch bei ECO Atlantic - ab und zu. HRT-Ton muss man sich nicht geben ...

Hab den Tweat auch gerade im iii-board gelesen und mal nachrecherchiert, scheint wohl eher eine Unterhaltung zwischen zwei "Zwitscherlingen" zu sein:

https://twitter.com/mrjono007/status/332765672805396480

Durch die Maintargets sollten sie durch sein, wenn zwischenzeitlich nichts passiert ist, denke mal, dass sie noch weiterbohren/ gebohrt haben um die source rocks zu untersuchen um sich ein besseres/ genaues Bild von der Geologie und der Stratigraphic machen zu können.

Werde jetzt auf Mittwoch warten und nicht mehr allzuviel auf News, Gerüchte und Postings in Foren geben. Zu viel Verwirrung im Moment. Denke dass der Shareprice in Brasilien am ehesten noch ein Indikator ist, ob etwas gefunden wurde oder nicht.

Gruß von
tnzs

[Pompeianus]

@tnzs72

Just been informed bb loons misread my last post to jono hrt geo points towards oil seeps around hrt well nobody yet knows the outcome

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.606.285 von tnzs72 am 10.05.13 14:59:04

Denke auch bis zum CC wird zu Wingat nichts veröffentlicht, aber möglicherweise zu den FarmOuts, die Konditionen dürften auch für die Kollegen von Pancon Chariot Eco usw. interessant sein,...

GL

[Tomu]

nettes volumen in brasilien:

[butzbutz]

Mit einem imposanten Kursschub überwand heute der SK im Handelsverlauf
beide GD 50/200 Tg.-Widerstände bei 1.07 und 1.18 CAD und verließ sogar den
langfristigen Downtrend (Pink-Kreis), allerdings noch nicht signifikant und
könnte in einen neuen Uptrend-Kanal laufen (blaue Linien)
Eine weitere Entscheidung steht an.
Die heutigen Schlussdaten von der HEIMATBÖRSE TORONTO:

1,20 CAD = 0,914 € = Plus 15,38 % (zum Handels-Vortag) = Volumen 428.489
shares

[Drill-a-Hill]

MARCIO ROCHA MELLO’S RESIGNATION AS CEO OF HRT

"I resign to the position of Chief Executive Officer of HRT, the Company I had proudly built in the last three years with a committed world-class team focused on the objective of building one of the major independent oil & gas companies in Brazil. I resign to the CEO position, but never to HRT. I remain as a member of the Board of Directors contributing with the Company on the achievements of its goals", affirmed Marcio Rocha Mello.

John Willott, the Chairman of the HRT Board of Directors, said: "We deeply regret that Marcio Mello, the founder and CEO of HRT, had chosen to resign from HRT. The Board of Directors asked Marcio to reconsider his decision, but Marcio declined. However, he will remain an active member of the Board, where he will work to advance the success of HRT. The Company will miss him. Marcio‘s leadership and energy are unique."

[Pompeianus]

Antwort auf Beitrag Nr.: 44.610.897 von Drill-a-Hill am 11.05.13 09:09:35

Kann mir aber nicht vorstellen, dass der gestrige Anstieg mit MM Resignation zusammenhängt. Ich habe Artikel in Erinnerung (jetzt aber nicht bei der Hand) wo er diesen Schritt schon vor einiger Zeit in Aussicht gestellt hat.

[tnzs72]

Hallo und guten Morgen!

Für Samstag ist heute schon einiges los in den Foren, sogar die CANs sind bereits eifrig am tippen - oder immer noch.

Habe unter anderem das hier gefunden, aus dem m.M.n. hervorgeht, dass das jetzt nicht die Knüllerüberraschung sein sollte:

http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&…

Habe aber die Originalquelle nicht gefunden.

Es ist zwar nicht ganz unwahrscheinlich, dass der Anstieg nur auf MMs "Rücktritt" zurückzuführen ist, aber vorstellen kann ich mir das bei dem Volumen eigentlich nicht.

Schauen wir mal, was sich am WE noch so für Gerüchte entwickeln und was die nächste Woche bringt.

Am Mittwochabend sollten wir alle schlauer sein. Hoffe es wird dann bald der mitschnitt des Conference Call zur Verfügung gestellt.

Entspanntes Wochenende
wünscht tnzs

[Drill-a-Hill]

Ich glaube auch nicht das das gestrige Volumen mit Mello zu tun hat,

Es war schon im vorhinein klar das Mello bis zum 5/10/13 CEO ist und gestern sollte wohl entschieden werden ob er es künftig weiter bleibt:
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=…
Marcio Rocha Mello - CEO - Term of Office 5/10/2011 to 5/10/2013

Seine Entscheidung war allerdings eine große Überraschung, auch für die anderen Direktoren...

Der größte Teil des gestrigen Volumens (ca. 20mio) fand gestern zwischen 19:30 und 20:30 statt, wobei sich der Kurs kaum bewegte, der größte Anstieg fand erst danach statt,

Ich vermute daß,

Discovery Capital Management LLC - 18,120,400 shares - 6.12%

die sich erst vor kurzem ihre shares gesichert haben um zusammen mit

Southeastern Asset Management - 38,963,300 shares - 13.15%

ihre Leute in the board of directors zu installieren,

auf einen festgelegten Preis geinigt haben und Southeastern alle Anteile von Discovery gekauft hat damit ein Volumen von 18,120,400 erzeugt hatten und die Privaten Investoren dann auf Grund von der Annahme von good news den Preis in die Höhe getrieben haben...

[tnzs72]

Hola Drill-a-Hill!

Die Möglichkeit eines Deals zwischen Discovery und Southeastern ist nicht von der Hand zu weisen, aber - ging mir gerade durch den Kopf - würden zwei Instis das nicht als Blocktrade (oder mehrere) über die Bühne bringen, anstatt über die Börse bzw. den freien Markt, wo immer die Gefahr besteht, dass jemand in die Suppe spuckt, bzw. andere Anleger nicht wenige Shares von Discovery Southeastern vor der Nase wegschnappen?

Nur so ein Gedanke ...

Auf Stockhouse ist ja heute ununterbrochen was los, konnte mich ebenfalls trotz festem Vorsatz nicht zurückhalten.

Weiterhin schönes Wochenende,
tnzs

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.613.401 von tnzs72 am 11.05.13 20:16:24

Hello,

Jup, macht Sinn, trotzdem zumindest und vorallem Disc.Cap. Sind für mich verdächtig, da sie sich offensichtlich nur zu einem Zweck eingekauft haben,...

But here is hoping!!

SchönenAbend

[Drill-a-Hill]

Good Morning & Schönen Muttertag!

Nächste Woche wird so ereignisreich und spannend, kaum auszuhalten,

I AM SO EXCITED
HOLD ON TO YOUR HATS,

- Farm-Down-News
- Wingat-results
- HRT-11-results (Cajazeira prospect)
- Bidding offshore blocks in Brazil (14,15/05)

und alles um die

- Q1/13 - results (revenues von AirAmazonia & FarmDown sollten cash stabil halten, Daumen drücken)

Ist HRT-11 ein Erfolg und damit meine ich eine OIL discovery könnte das zu einer vollkommenen neuevaluierung des SolimoesBasin führen,

Main driver werden die Ergebnisse von Wingat sein:
- Nochmal zu $10/boe bewertet entsprechen das per share (GDR!) ( ... * boe * $10 * 0,86 (86% Interest) / "590mioShares"(GDRs)):

Unrisked-Resource Potential (D&M’s) für Wingat:
P90 : 277 MMBO...............$4/share
P50 : 772 MMBO ..............$11/share
Pmean : 1,039 MMBO.......$15/share
P10 : 2,112 MMBO............$30/share

FarmDownNews sind fraglich zu diesem Moment, da Mello & Peres meinten sie würden den DataRoom bis zum erreichen der main targets von Wingat offenhalten, aber trotzdem gut möglich, zumindest für die anderen prospects, da sie alle in ihrer Chance of Success unabhängig voneinander sind, jedenfalls wissen wir zum FarmOut an Galp Energia:

Laut Galp max $100mio "dryholecosts" für Ihren 14%igen Anteil von PEL 23, 24 und 28, entsprechen ca.

bei $260 mio(gross costs für die Bohrungen Wingat, Muromb & Moosehead) * 0,14 =

$36,4 mio shared costs

$100 mio - $36,4 mio =

$63,6 mio farm-in costs

bei 5.356.000.000 boe pmean prosp. res. entspricht das ca. $0,085/boe (far-in costs)

Auch für weitere FarmDown Gepräche in Namibia könnten die $0,085/boe eine Richtmarke darstellen...

Mello hat erwähnt das sie nach einem Partner für das 4te, das Meerkat prospect, suchen/verhandeln, welches sich in PEL 22 befindet mit gesamt pmean prosp. res. von 2.035.000.000 boe

angenommen wir bekommen auch hier $0.085/boe mit einem FarmOut von maximal 49% * $0,085/boe * 2.035.000.000 = $84,75mio

wären aber nur die farm-in costs.
shared costs lägen nochmal bei ca. 0,49 * $85mio = ca. $42mio

Ich hoffe immer noch auf Tullow (operator von Kudu & unser Liegenschaftsnachbar) als Partner für die südlichen Blocks!

worst case scenario in der kurzen Frist sprich Wingat & HRT-11 beide dry??

Ich denke in dem Fall würde der SP wieder auf cash-niveau fallen, am 14/05/2013 werden die First Quarter 2013 Results veröffentlicht.

Cash Beginn 2013: BRL1.052mio (ca. 3,56BRL/share)
bei einer CashBurnRate von BRL2,3mio/day in Q1/13 blieben 1.052-2,3*90=845
mögliches Cash Ende Q1/13: BRL845mio (ca. 2,86BRL/share)
bei einer CashBurnRate von BRL2,9mio/day in Q2/13 bis zum 14/05/13 blieben 845-2,9*44=717,4
mögliches Cash bei Veröffentlichung der First Quarter 2013 Results am 14/05/13: BRL717,4mio (ca. 2,43BRL/share)

in die CashBurnRates sind allerdings die möglichen revenues nicht inkludiert:

Verkauf von Air Amazonia ca. +BRL140mio (ca. 0,48BRL/share)
FarmIn von Galp Energia ca. +BRL130mio (ca. 0,45BRL/share)
FarmIn in PEL 22 von ?? ca. +BRL ???mio (ca. ???BRL/share)
...

Also könnte HRTs CashPosition am 14 Mai bei ca. 3,36BRL/share sein, und in den First Quarter 2013 Results bei ca. 3,79BRL/share, wenn die CBRs tatsächlich wie angekündigt waren und die revenues bereits enthalten sind,
für PEL 22 halte ich weitere 0,5BRL/share für wahrscheinlich,...

Meiner Meinung nach wäre das Worst Case Scenario nach Wingat & HRT-11 um die 3 BRL zu notieren (zwischen 2,43 und 3,36 BRL)

...und best case?

THE SKY IS THE LIMIT? TO THE MOOOOOON!!

Schönen Muttertag All,

& GLA

[Drill-a-Hill]

Die Shorter scheinen ziemlich die Hosen voll zu haben:

betrachtet man die Anzahl an postings von coch6670 bei iii
http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&disp…
und robinhood & gusgold bei stockhouse
http://www.stockhouse.com/companies/bullboards/hrp?s=hrp&t=L…
übers Wochenende sieht man wie
sie krampfhaft alles versuchen um den Markt zum verkaufen zu bewegen,

fingers crossed they'll get burned!

the roof is on fire, we don't need water, let the motherfucker burn

[Pompeianus]

[tnzs72]

Link gerade auf dem iii-Board zu CHAR gefunden.

LESENSWERT!

http://translate.google.co.uk/translate?hl=en&sl=pt&u=http:/…

Gruß von
tnzs

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.623.729 von tnzs72 am 13.05.13 19:15:18

Morning,

Man muß sich trotzdem wundern warum mello & peres gerade jetzt Ihre Posten aufgeben, sie waren für den farmdown in Namibia verantwortlich, möglicherweise wollten sie nicht "unter wert verkaufen", und btw wenn jemand den Stand der Bohrungen kennt, dann mello & peres...

Möglich ist auch das Ihre überzogenen Gehälter beim shareholdermeeting gekürzt wurden und sie deswegen jetzt abziehen,

alles in allem bin ich von Ihrer Entscheidung sehr entäuscht, ob die jetzigen Bohrungen erfolgreich sind oder nicht, hey that's part of the game, aber das mello & peres ohne Begründung zurücktreten...

Heute Nacht nach Börsenschluss in Brazil kommen die Q1/13 Zahlen, und Morgen dann der Conference Call um 16:00 unserer Zeit, werde ich mir anhören, hoffe um Aufklärung der Situation...

Schönen Tag & GL!

[tnzs72]

Hola Drill-a-hill!

Bist du beim Conference Call direkt dabei oder hörst du dir den im Nachgang an?

Ich hatte mir mal flüchtig die Registrierung angeschaut und war der Meinung, dass das nur für Instis geht?

Gruß von
tnzs

[tnzs72]

Hat sich glaube ich erledigt, ich denke ich habs gefunden, dass es auch für mich geht.

Gruß von
tnzs

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.630.681 von tnzs72 am 14.05.13 14:21:49

Hola,

wollte dir gerade schreiben

, trotzdem für die Interessierten:

http://webcast.mzvaluemonitor.com/Cover.aspx?PlatformId=1114
To attend the presentation, please fill the information below:
Name*: ...
Email*: ...
Company*: "none"
Telephone*: ...

Mi, 16:00, live

Saludos & GL

[butzbutz]

HRT-REALTIME-Chart/Kurse von der HEIMATBÖRSE São Paulo:
- selbst aktualisierend - (REAIS-BR)






HRT-REALTIME-Chart/Kurse von der Nebenbörse TORONTO:
- selbst aktualisierend - (CAD)

[Drill-a-Hill]

Guten Morgen, die Q1/13 - results sind online
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&tipo=3…



ein paar Punkte:

- Final Cash 1Q13 R$829 million (ca. R$2,8/share)

- HRT-11 "We have concluded the drilling of the HRT-11 well in less than 60 days and now is being evaluated."

- Wingat "HRT forecasts that the current activities in the Wingat-1 well will be concluded next week."

- Air Amazonia "The transaction involves the sale of the Company’s rotary-wing fleet (14 helicopters) for US$65 million, with the understanding that Erickson Air-Crane will provide aerial services to the Company`s operations in the Solimões Basin for a three-year period"

- The Polvo Field "located in the southern part of the Campos Basin and 100 km east of the city of Cabo
Frio, in the State of Rio de Janeiro, currently produces approximately 13,000 barrels per day of 20.3° API
oil from three producing reservoirs. The license covers over 134 km2 of acreage with numerous attractive
prospects for further exploration.



The “Polvo A” platform is connected to the “FPSO Polvo” with facilities
for hydrocarbon separation and water treatment, oil storage and offloading capabilities.
To conclude the deal, HRT (as guarantor) and its wholly-owned subsidiary HRT O&G have entered into
a Loan Agreement with Credit Suisse, through a financial instrument called Cédula de Crédito Bancário
(CCB), for the amount of up to US$75 million. The loan has a two-year term and will be partially repaid
(US$40 million) in 180 days with the remaining amount payable in five quarterly installments, after a
12-month grace period.
The amount of US$ 60 million that was not financed will be adjusted with the results obtained in the
exploration of the Polvo Field, up to the closing date, once all the precedent conditions have been fulfilled,
including ANP’s approval. Once concluded, the deal will have an effective date of January 1, 2013 and HRT
O&G will become the operator of Polvo Field.
The acquisition of 60% of Polvo takes part of the Company`s strategy to diversify its portfolio beyond
exploration assets. Polvo is a great fit for HRT. HRT has a significant knowledge of the field – acquired
through the experience of several upstream professionals who discovered and operated Polvo prior to BP’s
acquisition of the asset from the previous operator – and sees untapped potential for further exploration
and future production within the larger license area."


um 16:00 der C.C., live
http://webcast.mzvaluemonitor.com/Cover.aspx?PlatformId=1114

GLA

[Matte0771]

[Drill-a-Hill]

1Q13 Results Conference Call Presentation online
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=…



Conference Call beginnt in 15min:
http://webcast.mzvaluemonitor.com/Cover.aspx?PlatformId=1114

[Drill-a-Hill]

WINGAT-1 WELL: DRILLING UPDATE
Current activities to be concluded up to next week.
TD 5000m?! Drill Deep!!!

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.642.517 von Drill-a-Hill am 15.05.13 16:08:13

Wingat ist schon auf 5000m und wird gerade evaluated,
results next week,...

[tnzs72]

Schade, dass im Großen und Ganzen nur vorgelesen wird, was auf den Folien der PPT steht. Bisschen mehr hätte er schon sagen können.

Folie 29 finde ich den Hammer, diese riesige Plattform vor dem eher beschaulichen Hintergrund, dahinter gleich die Wüste.

Port Walivs Basin scheint aus der Perspektive nicht besonders groß.

Die PPTs stehen übrigens bereits auf der Webseite von HRT zum Download bereit.

http://ir.hrt.com.br/hrt/web/default_en.asp?idioma=1&conta=4…

Gruß von
tnzs

[Matte0771]

Meinung von jimmy iii

http://www.iii.co.uk/investment/detail?display=discussion&co…

If the target depth was increased to 5000 meters from 4100 , this tells me that they needed to find the source rock to find out if it was oil or gas generative.
This would be consistent with rumours of a gas discovery and a need to determine if it was a gas cap on top of an oil field or just a gas discovery with no oil rim.
If this was only gas and no oil it would cause doubt about proceeding to drill murombe next as the chances of it having oil if the wing at source rock was in the gas window would not be good.
On the other hand if the source rock is oil generating then then chance that there is a gas cap and an oil field below it would be good and they would not delay drilling murombe.

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.642.939 von tnzs72 am 15.05.13 16:46:30

...die Q&A session kommt ja erst noch

[Matte0771]

Erinnert mich irgendwie an Horn.

Tiefer gebohrt als angenommen in der Hoffnung doch noch auf Öl zu stoßen.

Ergebnis ist ja bekannt... Nüscht.

Aber ich will mal nicht schwarz malen

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.642.939 von tnzs72 am 15.05.13 16:46:30

[Drill-a-Hill]

Nicht eine Frage zu Wingat bisher...

[Drill-a-Hill]

Q:

Can result of Wingat influence drilling of other prospects?

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.643.363 von Drill-a-Hill am 15.05.13 17:19:39

A:

each one is totally independent,

we are going to murombe with total optimism

[Drill-a-Hill]

$25mio von Galp für wingat...

[Drill-a-Hill]

-END of call-

[tnzs72]

Summa summarum:

Schaun wir mal, dann seh mr schon.

[gabbo62]

Brazil: HRT plans new exploration and production wells at Polvo field

16 May 2013
Brazilian oil startup HRT Participacoes em Petroleo plans a new exploration campaign at the offshore Polvo heavy oil field the company acquired earlier this month, Chief Executive Milton Franke said Wednesday. HRT paid $135 million to the local unit of BP for BP's 60% stake in the field, which produces about 13,000 barrels of crude per day. Mr. Franke noted that the field offers opportunities to boost production, which has declined since starting in 2007.

'Production is in decline, and we want to introduce measures to sustain production and increase the life of the field,' Mr. Franke said. HRT plans to drill new exploration and production wells at Polvo and the surrounding area of the Campos Basin, an region off Brazil's coast that produces more than 85% of the country's crude oil. While Polvo is a small-producing field, Mr. Franke emphasized that the field lies along a broader trend that includes other larger producing fields. 'This asset offers risk, but it's important to stress the tremendous upsides' in the area surrounding Polvo, Mr. Franke said. 'With HRT's knowledge, we are certain we can make use of these upsides.'

HRT also expects to complete drilling and evaluation activities of the Wingat prospect, the company's first well in its exploration blocks off the coast of Namibia, by next week, said Joe Paul, head of HRT America. Mr. Paul succeeds Wagner Peres, who resigned last week. 'Well results will be forthcoming,' Mr. Paul said.

http://www.energy-pedia.com/news/brazil/new-154669

[gabbo62]

NEWS RELEASE

HRT APPOINTS NEW CEO OF HRT OIL & GAS


Rio de Janeiro, May 15, 2013 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) is pleased to announce the appointment of Mr. Nilo Chagas de Azambuja Filho as Chief Executive Officer ("CEO") of the wholly-owned subsidiary HRT O&G Exploração e Produção de Petróleo Ltda. ("HRT O&G"), replacing Mr. Milton Romeu Franke, who officially took over the role of Chief Executive Officer of HRT on May 13th, 2013. Mr. Azambuja will maintain his position as HRT´s Technical Officer as well.

A Petroleum Geologist, who holds a PhD degree in Sedimentology, Nilo Azambuja has a 30-year experience working for Petrobras, where he served as the Head of the Stratigraphy of CENPES (Petrobras' Research Center) and as the Manager of the Exploration Division at CENPES.

"Nilo Azambuja is one of the HRT's founders and had a fundamental role in the implementation of the Company's strategy. His appointment as the CEO ensures that HRT O&G's business management will continue", states Milton Franke, CEO of HRT.

[gabbo62]

NEWS RELEASE

BOARD MEMBER RESIGNATION


Rio de Janeiro, May 15, 2013 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) hereby announces the irrevocable resignation presented by Mr. Stefan Alexander in the Resignation Letter addresses to the Chairman of the Board of Directors Mr. John Anderson Willott, from his position as member of the Board of Directors of HRT.

Mr. Stefan was elected in the Company´s Annual Shareholders' Meeting held on April 29, 2013 and has stated that his decision to resign in due to personal reasons. The Company informs that the Board of Directors remains composed by 10 members, being 8 independents.

[tnzs72]

Guten Morgen!

Der absolute Wahnsinn, was da gerade zu laufen scheint, sieht im Moment sehr nach Machtkampf aus.



Der Absturz gestern könnte also auch auf die bevorgestandenen News zurückzuführen sein.



By the way: Ich habe den CC gestern aufgenommen und hier die Teile verlinkt:

http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&…

Außerdem gab es gestern ein sehr interessantes Posting von jimmy zu CHAR auf dem iii-Board, falls noch nicht entdeckt:

"To days presentation by HRT is begining to shed some light on whats happening at the well site.

Please see pages 17 & 18 of HRT presentation to day for reference.

Firstly the facts that we know:

1. The well has reached a total depth of 5,000 meters, compared to a pre well estimate of 4100 meters.

2. The Albian carbonate reservoir was encountered at 4050 meters compared to a pre well estimate of 3950.

3. The prospect (structural prospect only) has an estimated 350 million barrels of oil equivalent (BOE) compared to a previous estimate oil potential of 772 million barrels of oil for both the stratigraphic and structural prospects. (note BOE, indicates that gas has been found and perhaps some oil has been found).

4. Two source rocks have been found, please see page 18 of the HRT presentation to day. These source rocks were not previously highlighted by HRT in its previous presentation.These source rocks would have been encountered by the Wingat well as it drilled to 5,000 meters.

5. Evaluation of the well results are continuing and results are expected next week.

6. As far as we know Murombe is going to be drilled after the Wingat well.

7. The well has been logged and there must be inconclusive results which require evaluation.

Observations:
This looks like an oil discovery with a gas cap. We do not know the proportion of oil to gas at this time. If the source rocks were only gas generating, then the deeper source rock at Murombe must be gas generating also, in which case I would not expect HRT to highlight the source rocks in their presentation or to drill Murombe as a follow on well.

The presence of gas with an oil leg below it is consistent with large oil seeps in the area.

This is great news for Chariot as it looks like its confirming a working petroleum system. Chariots Central Block prospects are in slightly shallower depths and hence less likely to be generating as much gas.

Jimmy"

http://www.iii.co.uk/investment/detail/?display=discussion&c…

Guten Tag
wünscht tnzs aka Neo

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.647.665 von tnzs72 am 16.05.13 08:40:21

Guten Morgen,

Stefan Alexander war einer derjenigen die von Discovery & Southern gepusht wurden, schön einer raus jetzt bleiben noch Moreau und Prieto über, 8:2 für HRT ,

Shikongo hat Frankes position übernommen weil der ja Mellos übernommen hatte, das passt!

Die Kursbewegung kann mit den Spannungen und vorallem mit den Q1/13 Zahlen zusammenhängen, bei einer CashBurnRate von ca. R$2-3mio/day blieben R$829mio, was in etwa R$2,8/share entspricht, wir haben seit längerer Zeit immer um "Cash-value" notiert, geändert hatte sich das vorallem als DiscoveryCapital einstieg um Southern zu helfen Alexander, Moreau und Prieto zu installieren, über 20mio shares wurden an dem Tag gehandelt und ein kurzer aber heftiger uptrend wurde gebildet, ich glaube letzte Woche und diesen Montag sind sie wieder ausgestiegen bzw möglicherweise einen deal mit southern gemacht...

tnzs, wie du letzte Woche schon gesagt hast die Ergebnisse kommen next week, niemand weiß genau wie es aussieht, lassen wir sie testen, let's wait and see

GLA

[gabbo62]

Die Einschätzung von Jimmy aus dem CHARIOT-Thread bei iii ist qualifiziert und nicht von der Hand zu weisen. Ich verfolge den CHARIOT-Thread schon länger und Jimmy ist neben Tarles der Kompetenzträger und als äußerst vertrauenswürdig einzuschätzen.

Für Wingat habe ich ein saugutes Gefühl!
Die aktuellen Kursspielereien sollte man nicht als Indikation für das Bohrergebnis werten. Ähnliche Spielchen gibt es auch bei meinen Depotwerten GKP und Africa Oil.

Wer Marcio Mello kennt, der weiß, dass er nie und nimmer kurz vor Veröffentlichung der Bohrergebnisse zurückgetreten wäre, wenn das Ergebnis ein Duster ist. Ich glaube, er stand seit längerem stark unter dem Druck der Big Boys, die mit seiner Unternehmensführung und -strategie nicht einverstanden waren. Mit einem Wingat-Hit hätte er jetzt die Genugtuung und den richtigen Zeitpunkt gewählt, den Stab an einen Vertrauten weiterzugeben.

[gabbo62]

Der Kommentar von Marcio Mello nach seinem Rücktritt als CEO:

"I resign to the position of Chief Executive Officer of HRT, the Company I had proudly built in the last three years with a committed world-class team focused on the objective of building one of the major independent oil & gas companies in Brazil. I resign to the CEO position, but never to HRT. I remain as a member of the Board of Directors contributing with the Company on the achievements of its goals", affirmed Marcio Rocha Mello.

Quelle: http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&tipo=3…

[S65]

tanzen lehren..

[tnzs72]

Hola!

Hier ein weiteres, sehr interessantes Posting von Jimmy im CHAR-Board bei iii.

Schönen Abend wünscht
tnzs - und nicht auf den Kurs gucken, abgerechnet wird erst ganz zum Schluss

______

http://www.iii.co.uk/investment/detail/?display=discussion&c…" target="_blank" rel="nofollow ugc noopener">Quelle: http://www.iii.co.uk/investment/detail/?display=discussion&c…



The multiple visits by the supply vessels to obtain supplies would be consistent with the rig needing extra supplies to have drilled deeper than originally forecast.

It is my hypothesis, that the need to drill deeper is to find out more information about the nature of the source rocks. Thats really important for Chariot also.

Please read a very important report on NAmibian oil source rocks at:

http://www.namcor.com.na/sites/default/files/documents/OIL_G…

In particular I would draw a readers attention to a number of reasons why gas could be present with oil in the Walvis Basin.
In simple terms these are as follows:
1. A deep source rock known as the Whitehills formation of circa carboniferous age could generate gas at depth.
2. Walvis Basin may have entered a period of inversion (uplift) within the Tertiary Period.According to a paper published in the Geological Society special publication No 196 (page 401) by Dore et Al , one of the effect of uplift is that gas contained within oil reservoirs is gas is depressurised and hence will exolve from the oil, therby creating a gas cap, above the oil.
3. There were 120 meters of coal beds encountered on the coast onshore of Namibia in the Toscanni well. If these coals were buried at depth they could generate gas which would migrate through the oil, and result in a gas cap.
4. There appears to be a gelogical low burial area close to the HRT drilling area where source rocks may be buried more deeply than in other areas of the Walvis Basin . See Table 3 and cross section C and the line with an X in it on the Table 3 map, showing the low area, which I believe to be in HRT acreage. Chariots acreage would be well away from that area. Hence any gas generation may be local to HRT's acreage.

Obviously , we can only speculate till further details emerge. However the presence of source rocks confirmed by HRT on page 18 of its presentation is very important to Chariot. Even if gas is found at thw Wingat well, there could still be oil in Chariots acreage as gas generation might only be local to HRT's acreage.

We must wait to get more details to find out what geological model is working in the area.

Jimmy

[gabbo62]

Ergänzend zu dem Posting von tnzs72 ein weiteres Statement von Jimmy aus iii.

Extract from transcript of HRT Conference call yesterday:

Question - Caio Carvalhal JP Morgan
How dependent the Murombe well should be on the reserve of the Wingat? I mean, I know that they are independent wells, but in geological terms, the indications that we are going to get from Wingat, we could further support a good result or a bad result on the Murombe

Answer - Wagner Perez
Chief Executive Officer, HRT America
Yeah, Milton. Caio, as from the beginning of the process, HRT put together a three to four wells drilling campaign and each one of the prospects that are going to be drilled is totally independent from the other wells. So, Murombe is very independent from Wingat. But logically, with whatever we are finding in gas, can make us feel better or worse about Murombe. But at this stage, we are going to Murombe with a lot of optimism and the prospect is totally independent from the results of Wingat.

Transcript available at:

http://seekingalpha.com/article/1441561-hrt-participacoes-ce…

Comment
So speculation and rumour about gas at Wingat has some basis, as now confirmed by HRT.
Because Peres says the Murombe prospect is totally independant from the results at Wingat, indicates to me that they found the source rocks which are oil generative, and that the gas at Wingat is a gas cap but generated from oil source rocks, otherwise if they were gas source rocks then Murombe which is adjacent to Wingat would be charged by the same source rocks and could not be considered to be totall independant of the Wingat results.
Obviously, this is just my interpretation of the above comments and we will have to wait on official HRT RNS on the results. Other posters who understand the geology may care to interpret also.

Jimmy

[Drill-a-Hill]

Good morning,

Die letzten Handelstage lassen nicht gerade auf eine "commercial discovery" schließen, konsequent hohes Volumen unter fallenden Kursen, but you never know till you know...
Nach Wingat folgt Murombe möglicherweise mit einer erhöhten Chance of success, wenn Daten aus Wingatresults helfen...


aus dem C.C. Wagner Peres:
http://seekingalpha.com/article/1441561-hrt-participacoes-ce…Yeah, Milton. Caio, as from the beginning of the process, HRT put together a three to four wells drilling campaign and each one of the prospects that are going to be drilled is totally independent from the other wells. So, Murombe is very independent from Wingat. But logically, with whatever we are finding in Wingat, can make us feel better or worse about Murombe. But at this stage, we are going to Murombe with a lot of optimism and the prospect is totally independent from the results of Wingat.

- with whatever we are finding - source rock?

Mir ist aufgefallen das der source rock bei ca. 5000m den jimmy angeprochen hat nicht jener ist der Murombe "füllen" könnte, da er über dem reservoir liegt, wenn überhaupt könnte eine migration richtung Baobab gehen,



Jimmy sagte jedoch:
This looks like an oil discovery with a gas cap. We do not know the proportion of oil to gas at this time. If the source rocks were only gas generating, then the deeper source rock at Murombe must be gas generating also, in which case I would not expect HRT to highlight the source rocks in their presentation or to drill Murombe as a follow on well.The presence of gas with an oil leg below it is consistent with large oil seeps in the area.

Also möchte man möglicherweise doch auch Daten in Hinblick auf Murombe sammeln,...

Und by the way MUROMBE hat 2,877 MMBO (D&M Unrisked – P50) und ist damit ca. 4 mal so groß wie Wingat, wenn wir "Murombes Chance of Success" erhöhen können, indem wir bei Wingat auf 5000m gehen, sind die Kosten gut investiert!!

GLA

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.657.915 von gabbo62 am 17.05.13 07:55:50

Morning gabbo,

es gibt einen Fehler im Transcript:

But logically, with whatever we are finding in gas, can make us feel better or worse about Murombe

Peres sagte "with whatever we are finding in Wingat,...

also kein Gas confirmed by HRT...

[Drill-a-Hill]

posting von Gusmaran aus Brazil, mögliche Gründe für die jüngsten Kursbewegungen:

http://investorshub.advfn.com/boards/read_msg.aspx?message_i…
1) Friday the stock rises a lot with the largest volumes of history. At the end of the session, HRT announces the departure of Marcio;
2) Monday before trading, HRT announces the entrance of Milton with CEO, and a note at the end, announces the resignation of Wagner Peres. Market assumes that Peres and Mello left because Namibia was bad. Action plummets to half the volume;
3) Tuesday, the stock falls slightly due to the raw value that informs that "market sources" say that the well was dry, and when it begins to recover, the "Gradual Investments" which publishes the webcast, the " HRT would bore Wingat found that liquid hydrocarbons, but no oil, and that the company was drifting. " The action falls again;
4) Wednesday, the action starts to rise due to have found hydrocarbons in the layers found in the Devonian, Carboniferous and perhaps in. Comes the call, which in fact was a chasm between the old company presentations. Just read the questions and slides were fraquíssimas. In the absence of greater disclosure, since the new order imposed by the funds is GOVERNANCE (comments only facts and no prospects), the market saw the new stance as a failure in the exploratory campaign. Nevertheless, upstream.online detonates matter reckless on results that have not been officially disclosed;
5) Thursday: A paplpite released several times became absolute truth and follows the ball!

Do your analysis!

On the other hand, Paula said octopus should produce MM $ 60 of cash for free HRT per year, if no decline in production. BofA says the Ebitda would be $ 90 MM per year. On a conference call and presentation of results, we see that BP has not done one since taking drilling the well in 2011, and left over numerous leaflets provided reserves "probable" in reservoir sandstones. The pre-salt field is also a possibility, as well as other high-risk contingent resources. Based on this, the management of HRT expects not only KEEP the current production of 13k bbl per day, but INCREASE. However, HRT still can not give more information for contractual reasons. But come on. How much would a company with U.S. $ 120 Mm free cash per year, or more? What is it worth? At least U.S. $ 4 per share.

Now take a look at gas. The CS gives value $ 0.30 per share related to the project OGX Parnaíba. That's about U.S. $ 1 Billion. The project is producing 4 Mm m3 per day, and OGX holds 40% of it. Ie the production of 1.6 MM m3 of natural gas per day has a value of U.S. $ 1 Billion. Making rules 3, and remembering that the HRT and TNK produce conservatively somewhere between 5:07 MM m3 per day - Net to HRT from 2.75 to 3.85 MM m3 per day, then the value of our gas is 1,718 to R $ 2.4 Bi BI, or R $ 5.72 to R $ 8 per share.
Do your accounts

----------------------------------------------------------------------------



Gas monetization plan sollte in den nächsten Wochen (Entscheidung Juni/Juli?) in die finale Phase gehen, - time to make some money -

...octopus oil & solimoes gas production könnte dem SharePrice eine gewisse Stabilität geben!

[Drill-a-Hill]

TOWER RESOURCES stieg diese Woche um 50%-60%,
heute +20%,

soweit ich weiß haben sie lediglich Lizenzen in Namibia in der "Nähe" von der Wingat Bohrung
http://www.towerresources.co.uk/operations/popups/popup_nam_…

Maybe Farmout rumours oder doch Wingat-related??...

[Drill-a-Hill]

Hello all,

von nickerl, stockhouse:
http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&…

Optimistic about Murombe
Just had a look at the seismic sections from the Q1 2013 presentation.
The uppermost source rock indicated was seemingly confirmed in the Wingat well. It might also act as a seal for the Wingat prospect. The horizon however is not mapped through the section, so I can't really tell if this theory is vaild.
This source rock might act as the kitchen for the Baobab prospect which will also be drilled in the Murombe well. The source rock is not buried as deep as the one that feeds the Wingat prospect.
So IF the source rock at Wingat generated a wet gas / condensate than the upper one could have generated more liquids. There is roughly a difference in the burial depth of about 300-400m, which equates to ~6°C in a cold basin or up to ~20-20°C in a hot basin. (I do not know the geothermal gradient in the Walvis basin)
Long story short: A possible reason why HRT is optimistic about Murombe might be that they think that Baobab is located above an oil generating source rock. A potentially gas generating source rock at Wingat could also be due to volcanics which heats up the rock. On the published seismic section however I do not see volcanics. If volcanics were involved they would compeletely change my assumptions.
If anybody has more informations about the spreading of the volcanics in that area, I would be very grateful.
Please note the above is all speculation due to unsufficient data / information.

Baobab alleine hat über 1.000.000.000 boe prospective resources



Wagner Peres zu GAS OR OIL

Peres: Offshore Namibia has been characterized as a gas frontier because the only significant discovery there is the Kudu gas field in the Orange basin; also the Ibhubesi gas field discovered in the South African sector of the same basin corroborates the initial model. In addition, early analyses of source rock samples appear to indicate that only gas-prone organic matter had been deposited. However, even though the Namibian margin was regarded as a gas province, it was not clear why it should be so different from the other basins on the margins of West Africa and South America, which are predominantly oil provinces.

Recently, more detailed and advanced analyses of the source rock samples, oil shows, produced condensates and gases, and the integration of these data into the paleo-climatic, paleo-geographic, and sequence stratigraphic framework of the basins show that occurrences of oil-generative source rocks in the basins of offshore Namibia are similar to those in the other basins in the South Atlantic and that the principle organic-rich intervals were originally oil-generative, rather than gas-generative. Also, detailed studies of natural oil-seep detection through the use of satellite data confirm the presence of an active oil-producing system in the Namibian offshore.

Three oil-generative source intervals have been identified: a) Hauterivian-Barremian syn-rift lacustrine sediments; b) Barremian-Aptian rift-to-drift ("sag") transitional marine sediments; and c) Cenomanian-Turonian marine sediments associated with oceanic anoxic events. These intervals were deposited under conditions very similar to those in the marginal basins in the South Atlantic in Brazil and West Africa. The discovery of gas in the Namibian offshore is the result wells being drilled in the areas of the Orange basin where the potential sources are very deep and placed in a very hot conditions (> 160°C), and so are now over-mature and generating gas. The effects of deep burial are exacerbated by the high geothermal gradients in the area, which make the sediment column hotter than it would otherwise be. However, the occurrence of oils and oil shows from marine and syn-rift source rocks, as well as detailed modeling of source rock maturity and petroleum generation show that in many areas of offshore Namibia, away from the thick sediment pile in the Orange basin, one or more of these sources has been and is still generating oil, not gas.

Schönen Sonntag!

[gabbo62]

Von Jimmy aus iii:


HRT have recently confirmed that the Wingat well had reached a total depth of 5,000 meters and had penetrated the carbonate reservoir.
Page 18 of the HRT identified 3 source rocks in the area, of which two would have been encountered in the Wingat well.
My estimate of the depth of the source rocks at their deepest points on the seismic profile are as follows:
1. Source rock 1, 4250 meters
2. Source Rock 2, 4625 meters
3. Source rock 3, 5750 meters

The question arises as to what is the relevant thermal gradient for the Walvis Basin, which will determine which source rocks are in the oil window generating oil and which are in the gas window generating gas.

Please see an excellent paper on the geology and oil potential of the Walvis Basin at:
http://opus.bibliothek.uni-wuerzburg.de/volltexte/2004/1107/…

Page 171, graph 6.13 (c) shows the thermal gradient map. It appears that oil source rocks buried below 5200 meters would start to generate gas.
According to the HRT presentation page 18, the Murombe source rocks appear to be below that level so the probability of the main Murombe reservoir being charged by both oil and gas is fairly high.

The Shallower Baobab prospect in the forthcoming well is likely to have been charged by an oil source rock proven by the recent Wingat well.

The current Wingat well is likely to have been charged by source rocks 1 & 2 which were within the oil window. However gas could also be present, which could have occured as a consequence of gas from source rock 3 displacing oil or alternatively gas exolving from during periods of uplift thereby creating a gas cap.

Conclusion
Obviously such comments above do not have the benefit of the detailed well information that HRT have, and although reasoned should still be considered speculative till confirmed by an RNS from HRT.
The comments above are primarily focused on the maturity of source rocks, which are considered to be a key criteria for prospectivity offshore Namibia. There are a range of other factors required to demonstrate a commercial oil discovery.
From Chariots point of view it would appear that HRT have proven at least two source rocks by this Wingat Well . The deeper source rock identified in the Murombe prospect is not considered to be buried as deeply in the Chariot Centrals 3D seismic area,as it is away from the basin low.

Good luck to all next week

Jimmy

http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&disp…

[butzbutz]

HRT-REALTIME-Chart/Kurse von der HEIMATBÖRSE São Paulo:
- selbst aktualisierend - (REAIS-BR)






HRT-REALTIME-Chart/Kurse von der Nebenbörse TORONTO:
- selbst aktualisierend - (CAD)

[butzbutz]

Heute am Pfingst-Montag ist die Börse in Kanada wegen eines Feiertages
"Tag des Sieges" geschlossen.

[Matte0771]

Moin...

Rio de Janeiro, May 20, 2013 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) through its wholly-owned subsidiary HRT Walvis Petroleum (Proprietary) Ltd. ("HRT Walvis"), announces that its first exploration well (Wingat-1 2212/07/1) in a multi well offshore program in Namibia has found oil although not in commercial volumes. This well is located in Petroleum Exploration License 23 ("PEL-23"), in the Walvis Basin, offshore Republic of Namibia. The well, spudded on March 25, was drilled in water depths of circa 1,005 meters and has reached a final depth of 5,000 meters.

The main objective of the well was to test the resource potential of the Albian age carbonate platform, which was penetrated on targeted depth, but its reservoir quality is much less developed than originally expected.

The Wingat well was initially planned to be drilled to a total depth (TD) of 4,127 meters, but because of the potential to drill deeper to test the presence of turbidite reservoirs and the opportunity to penetrate and to sample the main source rock, the consortium decided to go deeper, to a final TD of 5,000 meters. This decision was also supported by the increasing concentrations of hydrocarbon shows present in the well below of the depth of 1,500 meters. The Wingat-1 was drilled in 68 days by the semi-submersible Transocean Marianas (NYSE:RIG) and within the budget.

The information obtained, coupled with the results of preliminary studies of all data collected from the well, allowed HRT to identify two well-developed source rocks, which are rich in organic carbon and both are within the oil-generating window. Also, the well encountered several thin-bedded-sandy reservoirs that are saturated by oil. HRT collected four samples of this oil, each of 450cc, and the analysis of these samples indicated the presence of light oil, 38o to 42o API, with minimal contamination. No water-bearing zones were identified in the drilled section. The well is currently in the process of being plugged and abandoned.

The fact that the source rock is in the oil window and generating liquid hydrocarbons of excellent quality confirms the source potential of the basin. As such, the results of Wingat-1 Well provide important information that will help calibrating and guiding HRT’s next exploration steps in the Walvis Basin. These source rocks present in the well can charge reservoir intervals of other prospects identified in the license, including Murombe Prospect, which will be drilled next.

Murombe Well will be drilled about 15 kilometers westward of Wingat-1, it will test a Cretaceous basin-floor fan and its spud-in is expected to happen latter in May. This well will be the second of a three-firm-well drilling campaign that HRT is currently running in Namibia.

"We are pleased with Wingat-1 overall results. The confirmation of the presence of high quality source rocks that are clearly in the oil-generation window, coupled with the IFA formation testing, which recovered light-oil from the reservoirs we penetrated, were major achievements obtained by this well. The find and recovery of the first oil offshore Namibia make us feel confident that we will achieve our goals that were set for our drilling plans in the Country. Our efforts will now be to proceed to our second exploration location in this basin - the Murombe-1 well, which will target turbidite reservoirs located above and beneath these source rocks within the same PEL," highlighted Milton Romeu Franke, the CEO of HRT.

HRT is the operator of 10 blocks offshore Namibia, which are contained in 4 Petroleum Licenses. GALP Energia (NYSE Euronext Lisbon: GALP), with a 14% participating interest, is HRT’s partner in the drilling of the first 3 wells of the current exploration campaign..

http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&tipo=3…

[gabbo62]

Und hier die 2. NR von heute Nacht:

NEWS RELEASE

DRILLING OF WELL 1-HRT-11-AM CONCLUDED



Rio de Janeiro, May 20, 2013 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) announces that its wholly-owned subsidiary HRT O&G Exploração e Produção de Petróleo Ltda ("HRT O&G") concluded the drilling of well 1-HRT-11- AM, on the Cajazeira prospect, located at Block SOL-T-172, in the Solimões Basin, Municipality of Coari, State of Amazonas.

The well was spudded on March 17, 2013, having as the main target the sandstones of the Lower Member of the Juruá Formation, Carboniferous in age, and as secondary objective the Devonian sandstones. On May 6, 2013, the well reached its total depth, after penetrating the metamorphic basement at 2,402 meters depth. The well was drilled in 49 days.

During drilling the Jurua and Devonian sections were cored. Wireline logs were run, identifying two intervals of interest, the first one from 2,170 to 2,189 meters, in the Upper Mb. of the Juruá Formation, and the second one from 2,251 to 2,402 meters, composed of sandstones of the Lower Mb. of the Juruá Formation. In both intervals oil shows were observed in the cuttings and cores. When tested, using a wireline tool (RDT), the tests recovered formation water, confirming that the oil shows were due to the presence of residual oil in the reservoir.

The above-mentioned results indicate that the petroleum system was active within the prospect area. In light of the results, the well has been abandoned as a dry hole with hydrocarbon shows. Geological information resulting from this well will be analyzed and calibrated with available information in order to assist in further decisions on the Solimoes Basin forward work program.

HRT is the operator of 21 blocks in the Solimões Basin, which is exploring in partnership with TNK-Brasil. TNK-Brasil is a subsidiary of TNK-BP. TNK-BP was acquired by Russian petroleum industry leader Rosneft as a result of a series of transactions that were closed in March 2013.

[Drill-a-Hill]

Worst Case eingetreten, HRT-11 & Wingat beide "DRY",

Sch....,

Ich schätze wir werden heute Nachmittag so um die R$ 2,20 eröffnen,

In Hinblick auf Murombe und den proven source rocks könnte es in den Juni/Juli hinein wieder zu steigenden Kursen kommen...

Eins ist klar, there is oil in Namibia,

GLA

[Matte0771]

Antwort auf Beitrag Nr.: 44.678.629 von Matte0771 am 21.05.13 06:47:47

HRT said on Monday that the Wingat-1 well found small, but not commercially viable, quantities of high-quality light crude at 32 to 42 degrees on the American Petroleum Institute (API) scale.

However, it said the drilling discovered oil source rock that confirmed the oil potential of the Walvis Basin off Namibia.

http://www.reuters.com/article/2013/05/21/hrt-namibia-dry-id…

[2meterwaller]


Das wird wohl leider ein Gemätzel heute geben 

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.678.745 von 2meterwaller am 21.05.13 07:42:16

Denke es wird Richtung "CashValue" gehen:

FinalCashQ1/13: R$829mio

-CashBurnQ2: (CBR von R$2,9 * 51Tage) = R$147,9mio

= R$681,1mio / shares 295mio

= R$2,31/share-30%

[Tomu]

worst case sieht für mich ganz anders aus!

Wingat-1 hat bewiesen das es vor namibia Öl gibt! das konnte bis jetzt noch nicht bewiesen werden, da alle anderen holes dry waren oder "nur" gas hatten.
durch dieses ergebnis bekommen alle prospects in namibia einen höheren wert!

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.679.573 von Tomu am 21.05.13 09:54:36

Guten Morgen Tomu,

Bin absolut deiner Meinung & bin mehr als happy über die Ergebnisse zu den SourceRocks:

The fact that the source rock is in the oil window and generating liquid hydrocarbons of
excellent quality confirms the source potential of the basin. As such, the results of
Wingat-1 Well provide important information that will help calibrating and guiding
HRT’s next exploration steps in the Walvis Basin. These source rocks present in the well
can charge reservoir intervals of other prospects identified in the license, including
Murombe Prospect, which will be drilled next.

, ich bleibe über das volle drillingprogram long und sehe erhöhte Chancen für die weiteren Bohrungen, proven sourcerock im WalsvisBasin und nicht zu vergessen auch im OrangeBasin durch PB/BP/CHAR, sollten die Chancen stark verbessert haben, auch die Verhandlungen zu weiteren FarmOuts sollten jetzt ganz gut aussehen,...

GL!

[motz1]

Öl vor Namibia - nice

Wie ich finde ein bemerkenswertes Ergebnis! Respect und Chapeau vor MM, er hat geliefert. Die "Spielchen" die derzeit auf Board-Ebene Ablaufen sind unwürdig.
M.E. sollte eine commercial discovery nun eher eine Frage der Zeit als des "Ob" sein. Es handelt sich schon um ein de-risking und dürfte auch zu einer gesteigerten Aufmerksamkeit und mehr Aktivität vor Namibia führen.

Die News dürfte insbesondere auch die kleinen (ECO, PCL,...) freuen.


Das ganze wird uns allerdings nicht vor einem Kursrutsch bewahren, ich bin mir ziemlich sicher dass der Markt positive Dinge gekonnt ignorieren wird und den Weltuntergang zu inszenieren versucht...


Alles imho, lasse mich was den Kurs angeht auch gerne positiv überraschen.

[Phantomas23]

Was denkt Ihr wo wir heute eröffnen werden.

[Phantomas23]

Antwort auf Beitrag Nr.: 44.680.597 von Phantomas23 am 21.05.13 11:34:59

Das wird wohl leider ein Gemätzel heute geben??????????

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.680.597 von Phantomas23 am 21.05.13 11:34:59

0.6 in Torontoto

[Phantomas23]

Antwort auf Beitrag Nr.: 44.681.105 von Drill-a-Hill am 21.05.13 12:35:23

Ich dachte 2,30 ;-)))

[Phantomas23]

Antwort auf Beitrag Nr.: 44.681.105 von Drill-a-Hill am 21.05.13 12:35:23

Hast du ja geschrieben 2,20;-)))))

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.681.161 von Phantomas23 am 21.05.13 12:39:57

LoL

2.3 Brasilianische Real
0.6 Kanadische Dollar

GL

[Matte0771]

Antwort auf Beitrag Nr.: 44.681.221 von Drill-a-Hill am 21.05.13 12:45:23

Also ich sehe hier vorbörslich ca. 19% Plus ???

1 Cad

Was immer das auch heißen mag vorbörslich

[Drill-a-Hill]

Zitat von Matte0771: Also ich sehe hier vorbörslich ca. 19% Plus ???

1 Cad

Was immer das auch heißen mag vorbörslich

[Phantomas23]

Antwort auf Beitrag Nr.: 44.681.997 von Drill-a-Hill am 21.05.13 14:28:23

Jo das stimmt

[tnzs72]

Hola!

Sehe ich auch, bei ECO sieht es im Moment allerdings eher bescheiden aus. Schwer abzuschätzen wo die Reise heute und in den kommenden Tagen hingehen wird.

die news sind eigentlich erste Sahne, fehlt nur noch ein commercial find und ein vernünftiges Reservoir plus Seal.

Das könnte, auch aufgrund der zahlreichen oilseeps in zum Teil hoher Konzentration, zukünftig mit ein Hauptproblem zu sein.

Bisherige Wells offshore Namibia förderten da ja auch eher bescheidene Ergebnisse zu Tage.

Murombe sollte nach Möglichkeit ein Volltreffer werden, sonst sieht es für das Walvis Basin erst einmal wieder ungünstig aus.

Gruß von
tnzs

[Drill-a-Hill]

Vergesst bitte was in Kanada abgeht, in Brazil werden die Kurse gemacht, in Kanada liegen lediglich die GDRs...

Auf jeden Fall werden heute zig Millionen shares die Hände wechseln,

Volumen bis zu 50 Millionen shares IMO


Ich denke Southeastern Asset Management & Discovery Capital Management LLC
werden sich die Hände reiben und kräftig zugreifen während die privaten Investoren es kaum abwarten werden können Ihre shares mit hohen Verlusten abzustoßen, in Brazil sind die Orders sicher schon gesetzt,

Ich hoffe ich irre mich, denn ich denke wir sind dem jackpot näher als je zuvor,
gibt es bis zum SpudIn von Murombe Kurse unter 0,5 C$, werde ich nocheinmal kräftig zugreifen...

GLA

[butzbutz]

HRT-REALTIME-Chart/Kurse von der HEIMATBÖRSE São Paulo:
- selbst aktualisierend - (REAIS-BR)





HRT-REALTIME-Chart/Kurse von der Nebenbörse TORONTO:(GDRs)
- selbst aktualisierend - (CAD)

[butzbutz]

In der Aktualität alles auf einen Blick (GDRs) von der` NEBENBÖRSE TORONTO.

e.advfn.com/p.php?pid=qkquote&btn=s_ok&qkbtn=&qksymbol=NASDA…

[butzbutz]

Alles aktuelle von der HEIMATBÖRSE São Paulo:

http://de.advfn.com/p.php?pid=qkquote&symbol=BOV^HRTP3

[motz1]

Eco Oil and Gas (EOG, Liegenschaftsnachbar) kommentiert die HRT-Ergebnisse von Wingat wie unten eingefügt. Nicht falsch verstehen, das soll keine Werbung für EOG werden, es zeigt m.E. eine recht zutreffende Einschätzung aus Branchensicht.

...................................


Eco Atlantic Provides Interpretation of the Oil Proven in Regional Drilling Results - Source Rocks and High Grade Oil Confirmed in Walvis Basin, Offshore Namibia


TORONTO, May 21, 2013 /CNW/ - Eco (Atlantic) Oil & Gas Ltd. ("Eco Atlantic" or the "Company") (TSX-V: EOG, NSX: EOG) provides technical interpretation of recent oil proven by HRT Participações em Petróleo S.A ("HRT") in the Walvis Basin and announces appointment of David Dudkiewicz as Corporate Secretary of the Company.

HRT announced last night the results from drilling its Wingat-1 Prospect which confirmed that the well established two different source rocks, and proved that the source rock is in the oil generation window. The well discovered light grade oil and validates Eco Atlantic's understanding of the presence of an oil kitchen in the Walvis Basin, which is home of the Company's three offshore blocks.

This first of a three well drilling campaign in the region for HRT, is located some 200 km to the northwest of Walvis Bay, on Namibia's Skeleton Coast. The Block 2212A and 2212B is located between Eco Atlantic's Sharon and Guy Licenses and just to the South the Company's Cooper License. HRT's original target in this well was a carbonate reef platform charged by pre-Aptian source rocks. HRT announced completion of the drilling of this first well to a Total Depth of 5,000 meters. According to HRT's public disclosure, the Wingat well established and identified two developed source rocks and encountered several bedded sand reservoirs which showed increasingly more oil shows with depth. Additionally, HRT announced that four oil samples of light grade oil (38 o to 42 o API) were retrieved from the well. The reservoir quality of the carbonate reef targeted in the well and its capacity to hold and store oil was less developed than anticipated and the well is defined as uncommercial.

Eco Atlantic has focused on the age maturity and structures within the Walvis Basin and has directed its exploration efforts and focus to defining a source rock of the maturity for oil and the sand reservoirs prevalent in the region. "The confirmation of the source rocks, the sampling of high grade oil, the presence of the resource in the basin and more specifically in the immediate vicinity of our licenses, confirms our research to date and helps define our targets moving forward. The carbonates are an excellent target and we concur with HRT's choice to drill the platform initially. Our targets are a combination of opportunities however, our team remains focused on the Turbidite sand filled canyons flows, the stratigraphic play on Guy and the large wedges that is evident on our blocks and similar to the Murombe Prospect which HRT is drilling next on its schedule," commented Colin Kinley Eco Atlantic's Chief Operating Officer.

Gil Holzman, President and Chief Executive Officer of Eco Atlantic commented: "I am delighted with the recent news of HRT's drilling results from the Wingat-1 Prospect which strongly confirms the Walvis Basin's prospectivity and its oil potential. Eco Atlantic is not a tag along play, we were in Namibia early, and had the opportunity to consider licenses throughout the country's four offshore basins. Our team carefully evaluated the oil potential along this unexplored margin and we determined our best prospectivety would be in the Cooper, Guy and Sharon blocks, each having its own geologic personality within the Walvis basin. We are happy with the Wingat results and we look forward to the results of HRT's Murombe prospect which they will begin drilling next week. The current results are very encouraging for Eco Atlantic and this helps to further de-risk the basin. No doubt we are going to see increased farm in activities and renewed interest from mature industry players."

http://web.tmxmoney.com/article.php?newsid=60341440&qm_symbo…

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.684.501 von motz1 am 21.05.13 18:40:36

Good one!

Von mir aus kann hier jeder zu Namibia posten was er will, ob eco pancon chariot usw, hey wir sind alle im selben boot, und können uns zurecht freuen, über die Fortschritte die gemacht werden, in ganz Westafrika wurde bereits Öl gefunden, jetzt auch in Namibia, ...

Murombe COS dürfte gestiegen sein, so auch die prospects von ECO PANCONTINENTAL CHARIOT und alle anderen im Walvis-BAsin!!

GL!

[Drill-a-Hill]

Guten Morgen,

über 50.000.000 shares haben gestern die Hände gewechselt,
ich bin überrascht und freue mich das ich mich mit meinen prognostizierten -30% geirrt habe,....jemand hat gestern im großen Stil zugegriffen, das hat den Kurs IMO stabil gehalten,
überlege bereits ernsthaft aufzustocken, werde mir aber noch bis zum SpudIn von Murombe Zeit lassen,

Was lief schief bei Wingat - Laut HRT:
"reservoir quality is much less developed than originally expected."
porosity & permeability dürften hier nicht genug ausgeprägt gewesen sein,

Five geological factors have to be present for a prospect to work:
http://en.wikipedia.org/wiki/Hydrocarbon_exploration
source - migration - trap - seal - reservoir

Bei der Wingat Bohrung scheinen alle Faktoren bis auf reservoir erfüllt worden zu sein, was mich auf Murombe mit höherer Zuversicht blicken lässt:

Wir haben gleich 3 reservoirs wovon Murombe selbst am größte sein soll:

MUROMBE - BAOBAB - SIVARADI

vorallem BAOBAB scheint hier mit der "discovery of sourcerocks in the oil window" wesentlich derisked geworden zu sein,
BAOBAB allein ist mit über 1 Milliarde gross unriked pmean prospective resources größer als Wingat, liegt in etwa in 3000-4000m Tiefe und wird damit das erste BIG TARGET sein.



Wir haben bereits LIGHT OIL mit 38o to 42o API in Namibia an die Oberfläche gebracht,
Jetzt ist es nur noch eine Frage der Zeit das geeignete RESERVOIR zu finden!

HRT dazu:

"The find and recovery of the first oil offshore
Namibia make us feel confident that we will achieve our goals that were set for our
drilling plans in the Country. Our efforts will now be to proceed to our second
exploration location in this basin – the Murombe-1 well, which will target turbidite
reservoirs located above and beneath these source rocks within the same PEL"

GLA, wir sind dem Ziel einen großen Schritt näher gekommen...

[gabbo62]

Trittbrettfahrer

Vielen Dank Drill-a-Hill. Deine Einschätzung teile ich.

Namibia: Tower Resources issues statement regarding results of Wingat-1 exploration well, offshore Namibia

22 May 2013
Tower Resources notes the announcement dated 20 May 2013 from HRT regarding the results of the Wingat-1 well, which has reported encouraging results from the Walvis Basin, offshore Namibia. Tower believes this well result offers significant encouragement for its Welwitschia-1 well, scheduled to be drilled in the first half of 2014.

HRT announced that the Wingat-1 wildcat well was drilled to a total depth (TD) of 5,000 metres and, whilst not encountering commercial quantities of oil, recovered four 450 cl samples of light 38 to 42 degree API oil from thin sands of undisclosed age. It drilled through two 'well-developed source rocks, which are rich in organic carbon and both are within the oil-generating window'. The principal target of the well, a carbonate reservoir in the Albian, was not as well developed as HRT had anticipated.

Wingat-1 is located in Petroleum Exploration Licence 23 (PEL 23) in the south of the Walvis Basin, some 200 km south of Tower's multi-billion barrel Welwitschia-1 prospect, which is to be drilled by mid-2014 in PEL0010 by its operator, Repsol.

Offshore Namibia remains exceptionally under-explored, with just 12 wildcat wells drilled along a coastline of 1570 kms and one of the key uncertainties remains the distribution of mature oil prone source rock. The Wingat-1 well provides clear evidence that oil has been generated and migrated, and is especially encouraging in identifying not just one but two source intervals, both in the 'oil window'.

Tower's Welwitchia-1 well has multiple reservoir targets from the Palaeocene to the Aptian. A CPR published by Oilfield International in October 2011, attributed net risked recoverable resources of 458 mmboe to Tower's 30% interest in this first prospect alone, which is just one of four large dip closed prospects within the acreage. It is located close to the 1911-15/1 well drilled in 1994 by Norsk Hydro, which recovered oil from core samples in the Albian.

Jeremy Asher, Tower's Chairman, commented: 'This result is very encouraging for the future potential of the Walvis Basin and for our upcoming well. Although the chance of success at any individual prospect depends on several factors, the presence of more than one mature source rock interval significantly reduces the overall risk in the basin, and should encourage additional exploration activity. We hope that this result, along with additional evidence from seeps and other offset data, such as the Norsk Hydro well, will also dispel the myth that Namibia is solely a gas province, and we look forward to the result of HRT's next well in the Walvis Basin, Murombe-1.'

[tnzs72]

Hola!

Auf marinetraffic.com kann man gerade live beobachten wie die TRANSOCEAN MARIANAS von drei Vessels MAERSK TRAVELLER, MAERSK SHIPPER sowie SIEM LOUISA umgeben wird.

Sieht nach Aufbruch aus, um das Rig Richtung Murombe zu schleppen. Sind ja nur 15 km. Dann geht es nächste Woche weiter und dann hoffen wir mal für HRT, PCL, ECO, CHAR ... auf "excellent reservoir and seal as well as light oil in commercial quantities".

Gruß von
tnzs

[Drill-a-Hill]

Ab nach Murombe, wird eine kurze Reise

HRTs Nachbarn sind sich alle einig,

CHANCE OF SUCCESS IS IMPROVING

Tower Resources:
- Wingat-1 well provides clear evidence that oil has been generated and migrated
- presence of more than one mature source rock interval significantly reduces the overall risk in the basin

Eco O&G:
- validates Eco Atlantic's understanding of the presence of an oil kitchen in the Walvis Basin
- The current results are very encouraging for Eco Atlantic and this helps to further de-risk the basin

Chariot O&G:
- recent third party results have de-risked the deeper petroleum system and the prospect portfolio identified here.
- Further third party drilling in the region, to be undertaken in the near future, will also help inform Chariot's prospect selection

Pancontinental fehlt noch in der Liste...

Ich wette wir werden dieses Jahr einige Farm-ins in Namibia von BiG Playern sehen
Galp hat HRT ca. 0.085$/boe prosp.resources pmean bezahlt (farmin-costs)

[tnzs72]

Alles was noch fehlt ist, dass "der Markt" (wer immer das ist ) aufwacht und begreift, was für Chancen sich hier gerade bieten.

Allerdings scheint es im Moment noch risikolos(er) zu sein, mit DAX & Co. Gewinne zu machen. Wenn die Rallye stoppt, bzw. die Blase, die sich da gerade bildet, platzt (alles nur meine bescheidene Meinung), wird umgeschichtet werden.

Raus aus den dann wieder langweiligen Blue Chips, rein in high risk/ higher reward.

Hoffe ich mal ...

Gruß von
tnzs

[butzbutz]

Nach all den gestrigen turbulenten Ereignissen und Meldungen der fundamentalen
Ebene hinterließ das charttechnische Gesamtbild nachstehende Grafik, aus dem
der negative Kurssturz bis zu einem Tagestief von 0.65 CAD zu ersehen ist.
Innerhalb des Downtrends hinterließ der Kurs noch ein Mini-GAP down bei ca.
0.86 CAD und kam letztendlich mit einem SK von 0.72 CAD zum stehen.

Der Parameter RSI signalisiert einen extrem überverkauften Bereich, so dass
eine Wende m.E. zumindest zum Seitwärtstrend bevorstehen sollte.
Die Schlussdaten vom gestrigen Handelsverlauf nachstehend:

0,72 CAD = 0,54 € = Minus 14.29 % (zum Handels-Vortag) = Volumen 1.157.649
shares

[mmafr]

http://www.az.com.na/wirtschaft/jetzt-offiziell-vor-namibias…

Deutschsprachige Tageszeitung AZ Namibia:

Jetzt offiziell: Vor Namibias Küste gibt´s Öl

Mi, 2013-05-22 09:28 — Allgemeine Zeitung

Brasilianische Firma stößt in tausenden Metern Tiefe auf schwarzes Gold – Weiter Bohrungen nötig
Windhoek (fis) – Nur drei Wochen nach Beginn der Ölsuche des brasilianischen Unternehmens HRT Participações em Petróleo S.A. ist dieses auf das schwarze Gold gestoßen und hat damit nachgewiesen, dass es vor Namibias Küste Ölvorkommen gibt. Gestern haben HRT-Präsident Joe Paul und Premierminister Hage Geingob in Windhoek eine Probe präsentiert, die am 25. März mittels Bohrung aus dem Gebiet „Wingat-1“ (2212/07/1) im Walvis-Becken nordwestlich von Walvis Bay genommen wurde.

Das dort entdeckte Ölvorkommen sei aber zu klein für eine kommerzielle Nutzung, hieß es. Deshalb werde HRT die Aktivitäten fortsetzen und demnächst ca. 15 Kilometer westlich von Wingat-1 eine Bohrung durchführen, kündigte Paul an. Die Kosten für die erste Bohrung, die in ca. 1000 Meter Wassertiefe durchgeführt worden sei und bis zu 5000 Meter Tiefe gereicht habe, bezifferte er auf 810 Millionen Namibia-Dollar.

Wie der HRT-Präsident weiter sagte, habe man bei den Bohrungen festgestellt, dass es in der Tiefe Muttergestein mit „reichem Kohlenwasserstoffgehalt“ gebe, was ein deutliches Anzeichen auf Öl- (oder Gas-)Vorkommen ist. Das Unternehmen teilte indes in einer aktuellen Erklärung zu „Investitionsbeziehungen“ mit, dass man mit der Bohrung das Potenzial der Albstufe-Kohlenstoffplattform habe testen wollen.

HRT-Geschäftsführer Milton Romeu Franke zeigte sich „zufrieden mit den Gesamtergebnissen von Wingat-1“, vor allem mit der „Bestätigung von hoch qualitativem Muttergestein“. Die Entdeckung dieses Vorkommens sorge für entsprechendes Vertrauen, dass HRT „unsere Ziele, die für den Bohrplan in dem Land gesetzt wurden, erfüllen“, wird Franke in der Investorenmitteilung zitiert. HRT sei in zehn Blocks vor der Küste Namibias aktiv, für die man vier Mineralöllizenzen besitze, heißt es weiter.

Bergbau- und Energieminister Isak Katali hat bei der gestrigen Präsentation etwaige Erwartungen gebremst, dass durch diesen Fund der Spritpreis im Land sinken würde. Zur Förderung und Verarbeitung von Öl seien viele Phasen notwendig, sagte Katali. Bei seinem Auftritt als Gastsprecher zur Jahreshauptversammlung der Bergbaukammer am gestrigen Nachmitag ließ er das Ölthema allerdings völlig unerwähnt.

Verstärkte Untersuchungs- und Explorationsaktivitäten in den vergangenen Jahren – vor allem vor der Küste – haben die Erwartungen der Entdeckung von Öl immer weiter hochgeschraubt.

[mmafr]

CONFERENCE CALL: RESULTS OF WINGAT - OFFSHORE NAMIBIA

Rio de Janeiro, May 22, 2013 - HRT Participações em Petróleo S.A ("HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP.V) is pleased to invite its investors and analysts for a conference call about the Wingat-1 results, according to the Material Fact released on Monday, May 20, 2013.

The Conference Call will be TODAY, May 22, 2013 (Wednesday)

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.692.467 von mmafr am 22.05.13 16:41:46

Hab den CC leider verpasst,

jemand zugehört?!

[mmafr]

Antwort auf Beitrag Nr.: 44.694.579 von Drill-a-Hill am 22.05.13 20:08:45

läuft noch und hört sich seeeehr gut an !!

[Drill-a-Hill]

jimmy & dixie zum CC bei iii :
http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&disp…

hrt found several hundred meters of source rocks. anywhere there was porosity they found oil. the problem was local reservoir.
risk of baobab reservoir in the next well is very much reduced.

deepest source rock found at wingat could charge the murombe prospect

Wingat used to calibrate Murombe prospect - can now calibrate sediment velocity - and there are features on the Murombe seismic that are indications of a reservoir system. Joe Paul.

Analyst - 'very positive news on the source rock'..

Risk of Murombe now smaller than it was before Wingat. Milton F

When they drilled deeper - they did target something that came up on the seismics originally.

Similarities - Wingat - Murombe - same source rocks - high potential.

Reservoirs in Murombe - are different - 2 sets of deep water turbidite targets - much lower risk than carbonate reservoirs. Wingat was drilled on the shelf margin - reservoir not developed properly.

Q1 - Source rock - depth and thickness of source rock - thermal maturity - compared to pre-drill model
Will not answer this question. Confidential
Q2 - mumbled
Q3 - Murombe - prospect size. 3 Intervals. What reservoir intervals they are and prospects of each.
Its in the presentation...!

Farm-out - we want to farm-out for another well - and some companies talking to HRT at the moment.

[tnzs72]

Steht auch noch einiges in mehreren Postings auf stockhouse.com

Hörte sich auf jeden Fall sehr gut an für das komplette Basin. Holders of HRT, PCL, ECO, TOWER, CHAR usw. können - denke ich - durchatmen.

Source rock mit high potential to fill reservoir vorhanden. Jetzt braucht es nur noch entsprechendes reservoir mit high porosity und natürlich ein seal darüber.

Gruß von
tnzs

[Drill-a-Hill]

http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=…
PODCAST CC WINGAT RESULTS

night all

[Drill-a-Hill]

Guten Morgen,

very optimistic Conference Call
HRT seeehr bullish über die nächste Bohrung

John Paul:
WE FOUND THE HARD STUFF BUT NOT THE EASY STUFF, SO I WOULD SAY WITH OUR FUTURE EXPLORATION WELLS THE CHANCE OF FINDING RESERVOIR IS VERY HIGH AS WE ALWAYS SEE RESERVOIR IN ANY BASIN WE DRILL IN AROUND THE WORLD

Milton Romeu Franke:
HRT TODAY AFTER RESULTS OF WINGAT IS ANALYSING TO ADJUST OUR DRILLING PLAN FOR THE MUROMBE WELL INCLUDING THE CASING OF THE WELL AND THE RUNNING OF PRODUCTION TESTS TO EVALUATE EVENTUAL FLOWRATES AND THEN WORK ON ECONOMIC MODEL TO EVALUATE THE COMMERCIALITY OF THE WELL

let's find the EASY STUFF now!!

GLA

[gabbo62]

NEWS Pancontinental Oil & Gas

http://www.pancon.com.au/investor-centre/asx/2013/reports/24…

Namibia EL 0037 – Mean Prospective Resource Estimate of
8.2 Billion Barrels of Oil (Net)

[Drill-a-Hill]

Good morning

Nach Wingat scheinen wir bestens vorbereitet was resevoir und sourcerock angeht:

...aus den Wingat results - because of the potential to drill deeper to test the presence of turbidite reservoirs and the opportunity to penetrate and to sample the main source rock, the consortium decided to go deeper, to a final TD of 5,000 meters. -

...aus einem Interview mit Peres April - Murombe's geology is very similar to the Marlim field in the Campos basin, Marlim has produced more than any other Brazilian field and has only been surpassed in size by the giant new Brazilian finds in the Santos Basin. Marlim is spread over a 1,400-square-kilometer area and Murombe over 1,100 square kilometers,
but if we find a good oil generating rock we could find something there very much like Marlim," he said.

...über MUROMBE aus dem Conference Call 05/12

http://ir.hrt.com.br/hrt/web/arquivos/HRT_tranc_%20FR2352012…(Seite 09)
Now let’s talk about license number 23. License 23, we conducted 3D seismic surveys covering 5,300 km² last year and they showed us an amazing exploratory potential for this area. There are three slides about license 23. The first one shows a seismic amplitude extraction map, in which you can see,

in yellow with blue background, the limits of a deep-water turbidite; we call this a typical basin floor fan in technical terminology, and this



turbidite has a dimension that is simply amazing. It has an area of 1,100 km². It’s gigantic, with a potential resource of around 10.7 billion barrels, again P10 with no risk applied.

The name of this prospect – and we’re going to talk about it quite often from now on, so you will become familiar with it – is Murombe. In license 23, all our prospects are named after Namibian trees. Murombe is an anomaly of strong amplitude, it has

characteristics that are typical of a reservoir with good conditions, good thermal and porosity conditions since it has seismic reflections that allow us to interpret these characteristics.

It is of the Barremian age, Upper-Barremian, and this is very important for us, since it’s in the Upper-Barremian and Aptian where we find the most important source rocks interpreted in Namibia. This is in that first map that I showed you.

These turbidites were deposited in the middle of these source rocks.

The oil migration condition into the reservoir couldn’t be better.

We used two examples for this turbidite, for this system: one of them is Sea Lion, a discovery made by Rock Harper in the Falklands plateau, Malvinas, which has the same combination of age of source rock and age of reservoir rock, and this combination is a perfect analogy for Murombe.
We also make the

analogy of Murombe with the Marlin Field complex, in the Campos basin.

In this comparison, the rocks have different ages; however, the process involved in the deposition of these systems, both of Marlin and Murombe, are exactly the same. The magnitudes are similar, so in the South Atlantic, yes, we might find a field of 1,100 km², since the Marlin complex of the Campos basin has proved that this is true.
So we are optimistic at the possibility that Murombe will bring us discoveries of huge proportions, which was practically impossible to be conceived in a not-so-remote past.
It is interesting the fact that we are taking Murombe into consideration, since there are other two prospects that we have identified in this same project and they have exactly the same type of depositional characteristics as Murombe. We call them Ushika and Hiatata.
These two prospects are also gigantic: one has 650 km² and the other 450 km², therefore, if Murombe becomes a reality as an oil field, we still have many other things we can find within this block, in this same play.



um noch mal John Paul zu zitieren:

WE FOUND THE HARD STUFF BUT NOT THE EASY STUFF, SO I WOULD SAY WITH OUR FUTURE EXPLORATION WELLS THE CHANCE OF FINDING RESERVOIR IS VERY HIGH AS WE ALWAYS SEE RESERVOIR IN ANY BASIN WE DRILL IN AROUND THE WORLD

GLA

[tnzs72]

Hola!

Sehr schöne Zusammenfassung Drill-a-Hill!

Tiefer als ursprünglich geplant zu bohren, war mit das Beste, was HRT gemacht hat.

Hätte CHAR auch mal tun sollen ...

Obwohl ich bisher nur PCL und ECO halte, lese ich bei euch sehr gerne mit. Wir sitzen ja letztlich alle im gleichen Boot äh ... Basin.

Gruß von
tnzs

[gabbo62]

Antwort auf Beitrag Nr.: 44.706.365 von tnzs72 am 24.05.13 10:17:11

Hi tnzs 72,
das überrascht mich, dass Du noch nicht in HRT drin bist.
CHAR und ECO haben sicherlich ebenso hohes Potenzial, sind aber, was Namibia angeht, zeitlich ein gutes Stück hinter HRT. Und hängen damit an der Leine von HRT, was die NR der letzten Tage auch bestätigt.
Ich glaube, dass jetzt ein optimaler Zeitpunkt für einen HRT-Invest ist. Billiger wird es kaum mehr.

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.706.923 von gabbo62 am 24.05.13 11:12:17

"Billig" ist das richtige Stichwort: Wir traden gerade nur um CASH herum...


- Final Cash 1Q13 R$829 million
(ca. R$2,8/share)


HRTs Assets werden vom Markt mit ZERO bewertet wie Mello es so schön sagte, hier ein video dazu
http://vimeopro.com/user11965995/2012-agora-financial-invest…


- Solimoes Basin Brazil

TNK zahlte ca. 1 Milliarde Dollar bzw R$2.000 million für 45%, HRT hält 55% entspricht R$2.444 million
(ca. R$8,3/share)





- Namibia

Galp Energia hatte in einer Telefonkonferenz gesagt daß die total dry hole costs in Namibia ca. $100mio kosten würden, dabei halten sie nur 14%, die gross dry hole costs betragen ca. $260mio, davon 14% sind $36,4mio, das heißt ca. $63,6mio gehen an HRT, also valuieren sie diese 3 Blocks, mit ihren 5,356 bn boe pmean , mit $0,085/boe,
$0,085/boe * 7,391bn boe pmean (total) = $628,24mio bzw. ca R$1256mio
(ca. R$3,2/share)


- Air Amazonia

Verkauf von Air Amazonia bringt ca. $65mio bzw. R$130mio
( ca. R$0,44/share)


- Polvo field

13.000 boe/day *0,6 = 7800 boe/day PRODUCTION weiß nicht wieviel noch Kosten überigbleibt, aber bei $20/boe Gewinn wären das $156.000/day * 365 = $56.940.000/Jahr bzw ca. R$112mio/Jahr
(ca. R$0,28/share im Jahr)

[gabbo62]

Jimmy`s Summary aus der Conference Call Aufzeichnung:

HRT - have made the conference call available for download at:

http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=…

The podcast is long at over an hour, I would recomend the following times and excerpts in paricular:

The introduction is really just repeating the press release. the following are notewothy

1. Introduction " 2 target reservoirs seen on the LWD loggs with no porosity, above and below two source rocks.
2. JP Morgan question , Answer "with this well it can eventually impact to the whole basin "
3. 21 Minutes " source potential has significan generative potential in the Walvis Basin..... The chances of finding reservoire is very high "
4. 24 minutes: " based on the results of the Wingat , risks for Boabab risk reduced, risk in the deeper Murombe remain the same"
5. 28 minutes " one of the sources is several hundred meters thick"
6. 29 minutes " whenever we found porosity we found oil"
7. 36 minutes "In Wingat there was a shallow clastic reservoir, turbidite, deeper carbonate platform "
8. 38 minutes " At murombe we were able to calibrate seismic, we are able to get clear geometries which are indicative of reservoir systems". The risk of reservoir in Murombe is smaller
9. 40 minutes " deepest source rock in Wingat could fill the main reservoir in Murombe.
10. 40 minutes " 1.5 TCF of proven gas in the Solimoes"

11. 42 minutes " reservoir is now the concern, there was a lack of porosity compared regional data, what we found was silt instead of quartz sand, this is more of a near shore environment "..... The reservoir interval in Murombe extremly different
12. 49 minutes we drilled deeper to target a deeper turbidite reservoir "enchita "(??) which could be acting as a feeder for Murombe" .... "Turbidites are a much lower risk than carbonates"
13. 56 Minutes, "source rocks were Albian/Aptian and Cenomanian Turonian"
14. 1 hr 03 minutes £ gas dissolved in mud C1 to C3 from 1500 meters to 5000 meters 4- 6000 ppm, at 4600 meters increase in gas readings C1 to C5 (C4 and C5 are oil light elements ) as high as 25,000 ppm
15. 1hr 06 minutes " higher than expected pressure... rig is OK"

I recomend listening to all investors.

Good night, time for a glass of wine now.

Jimmy

http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&disp…

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.713.457 von gabbo62 am 25.05.13 08:25:43

Guten Morgen gabbo,

good summary von jimmy wie immer,
ich denke zum Punkt 12:

12. 49 minutes we drilled deeper to target a deeper turbidite reservoir "enchita "(??) which could be acting as a feeder for Murombe" .... "Turbidites are a much lower risk than carbonates"

, meint Joe Paul das USHIKA prospect



, leider ist genau dieser Teil sehr undeutlich durch wahrscheinlich schlechtem Empfang, Joe war den ganzen CC über am Flughafen

Ist mir auf jeden Fall bisher nicht aufgefallen das Anzeichen für die Migration angesprochen wurde!!

Damit sollte wirklich nur noch "reservoir" ein Risiko darstellen und die COS für Murombe & Baobab, welche beide Ziele in der kommenden Bohrung sind, sollte deutlich erhöht worden sein!!

Schönes Wochenende & GL!!

WE FOUND THE HARD STUFF BUT NOT THE EASY STUFF, SO I WOULD SAY WITH OUR FUTURE EXPLORATION WELLS THE CHANCE OF FINDING RESERVOIR IS VERY HIGH AS WE ALWAYS SEE RESERVOIR IN ANY BASIN WE DRILL IN AROUND THE WORLD Joe Paul, HRT Amerika

[gabbo62]

So schlecht können die Wingat-Ergebnisse dann wohl doch nicht sein, wenn alle anderen Explorer damit haussieren gehen.

Namibia: HRT well helps to confirm Gondwana Gold's petroleum system model, offshore Namibia

27 May 2013
Gondwana Gold, a company which in March completed a merger with Pan African Oil, announced Friday that it views the recent announcement by HRT regarding the results of the Wingat-1 well in the Walvis Basin as positive in the context of establishing a working petroleum system in the deeper waters of Namibia. The recovery of light oil and the identification of two high Total Organic Content source rock intervals confirms the Company's view that multiple, mature oil-prone source rocks are present in the deep offshore. The lack of significant reservoir at Wingat is not a concern to the Company as the Company's reservoir targets are deep water basin floor fans (a.k.a. turbidites) and are much stronger candidates for good quality reservoir. These deep water basin floor fans have been identified over the Company's licences PEL 50 and PEL 51 with seismic acquired by Pan African Oil, a wholly-owned subsidiary of the Company, from Spectrum Geophysical in 2012.

The HRT well results substantiate the Company's view that the critical juxtaposition of good quality reservoir and mature source rocks occurs outboard of the recent Namibia drilling targets and affirms both the turbidite play concept and the prospectivity of the Company's two licences: PEL 50 in the Walvis Basin and PEL 51 in the Luderitz Basin.

The Company's licences are held through Pan African Oil, which the Company acquired in March 2013. At the annual general and special meeting of shareholders of the Company to be held on June 10, 2013, the Company will seek shareholder approval to change its name to Pan African Oil, reflecting the Company's change to an oil and gas company. As announced on April 3, 2013, the Company has entered into an agreement with Kanosak Capital Venture Corp to sell the Company's African gold exploration properties. The transaction is subject to customary closing conditions.

http://www.energy-pedia.com/news/namibia/new-154790

[Drill-a-Hill]

Eine oil-discovery im Murombe-prospect könnte eine Menge wert sein:



Murombe......2,877 MMBO (D&M Unrisked – P50) zu R$10/boe entspräche

R$28,77 Milliarden oder R$97/share +3500%

[links-zwo-drei-vier]

Antwort auf Beitrag Nr.: 44.720.765 von Drill-a-Hill am 27.05.13 09:31:33

"...Eine oil-discovery im Murombe-prospect könnte eine Menge wert sein..."

Entschuldige bitte meine blöde Frage, aber wann soll denn die Bohrung im Murombe losgehen?

Dank Dir vorab!

L234

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.722.057 von links-zwo-drei-vier am 27.05.13 12:04:19

Hi linkszwo,

Diese Woche noch schätze ich,
Aus den Wingat-results release (20/05/13):

"Murombe Well will be drilled about 15 kilometers westward of Wingat-1, it will test a Cretaceous basin-floor fan and
its spud-in is expected to happen later in May.
This well will be the second of a three-firm-well drilling campaign that HRT is currently running in Namibia.

The fact that the source rock is in the oil window and generating liquid hydrocarbons of
excellent quality confirms the source potential of the basin. As such, the results of
Wingat-1 Well provide important information that will help calibrating and guiding
HRT’s next exploration steps in the Walvis Basin. These source rocks present in the well
can charge reservoir intervals of other prospects identified in the license, including
Murombe Prospect, which will be drilled next."

GL!

[Drill-a-Hill]

JOE PAUL HRT AMERICA -

the source potential we had shown and we had proven has significant generative potential to create huge volumes of oil in the walvis basin and charge our prospects as we continue with our explorationprogramme,

generally reservoirs and porosity are very easy to find and so that shouldn't be the big concern whereas source rock, charge and migration pathways can be very difficult,

in this case

WE FOUND THE HARD STUFF BUT NOT THE EASY STUFF, SO I WOULD SAY WITH OUR FUTURE EXPLORATION WELLS THE CHANCE OF FINDING RESERVOIR IS VERY HIGH AS WE ALWAYS SEE RESERVOIR IN ANY BASIN WE DRILL IN AROUND THE WORLD

BIIIIIILLLLLLIIIIIIIOOOOOONNNNNSSSSSSSSSSSS boe

[Drill-a-Hill]

MOVING




TRANSOCEAN MARIANAS
http://www.marinetraffic.com/ais/de/default.aspx?oldmmsi=538…

MAERSK TRAVELLER
http://www.marinetraffic.com/ais/de/default.aspx?mmsi=220591…


MAERSK SHIPPER
http://www.marinetraffic.com/ais/de/default.aspx?mmsi=232444…

[tnzs72]

YEAH! Sieht gut aus 1,1 knots!

15 km dürften nicht allzu lange dauern, dann einparken, Handbremse rein und los gehts.

[links-zwo-drei-vier]

Antwort auf Beitrag Nr.: 44.734.051 von tnzs72 am 28.05.13 20:16:27

"...15 km dürften nicht allzu lange dauern, dann einparken, Handbremse rein und los gehts..."

...die Handbremse war am Besten...

[tnzs72]

Hola!

Bei marinetraffic.com kann ich es nicht genau beurteilen, aber auf Google-Maps mit dem Plug-In von Marinetraffic sieht es so aus, als ob die Marianas ihre Endposition erreicht hat.

Von der alten Posi bis zur neuen sind es laut Lineal von Google-Maps 1.851.367,51 Zentimeter.

Das sind umgerechnet 18,5 Kilometer.

Tippe mal sie sind gerade am Rangieren. Rückwärtsgang rein, nach links einschlagen, langsam Gas geben. Vorwärtsgang rein, nach rechts einschlagen ...

"Sie haben das Ziel erreicht. Thank you for travelling with Transocean."



Schönen Tag
wünscht tnzs

[Chinafreund]

Kann mir mal einer sagen,wenn bei HRT alles so toll ist.
Warum der Kurs dermaßen abschmiert?

[DJHLS]

Die Meldung von dem ersten Bohrloch hat m. E. einiges an Hoffnung geschürt gehabt, obwohl von Anfang an klar gesagt wurde: dry hole.

Diese Erkenntnis dürfte sich jetzt Bahn gebrochen haben und bei einem so marktengen Wert geht es schnell und heftig runter, wenn jemand aussteigen will.

[SevenNation]

@DJHLS
DRY HOLE ist eine Falschaussage.
Nochmal die NR lesen - sie bohren ja in nächster Nähe unmittelbar weiter.

[2meterwaller]

Antwort auf Beitrag Nr.: 44.745.643 von SevenNation am 30.05.13 08:48:31

Ja sicher, aber einen halben Liter als Resource zu betrachten, damit habe ich aber auch ein Problem 

[SevenNation]

@2meterwaller
HRT hat ja auch aus den Resultaten heraus die Entscheidung getroffen an anderer Stelle gleich weiterzubohren.
Wenn man natürlich der Auffassung ist und war, dass aus der ersten Bohrung an gleicher Stelle eine Bohrinsel platziert wird.......ja dann war es ein Fehlschlag.

[tnzs72]

Zitat von SevenNation: @2meterwaller
Wenn man natürlich der Auffassung ist und war, dass aus der ersten Bohrung an gleicher Stelle eine Bohrinsel platziert wird.......ja dann war es ein Fehlschlag.

Wer der Meinung war oder die Hoffnung hatte lag sowieso falsch. Es sollte doch von Anfang an klar gewesen sein, dass es sich um eine Explorationsbohrung handelt, die anschließend ein P&A erfährt (plug & abandoned).

Das wurde auch nochmal ausdrücklich in dem CC betont. Wahrscheinlich haben das aber wieder ein paar Anal-ysten (und Zocker) nicht verstanden. Ich tippe mal, dass das jene sind, die im CC zigmal gefragt haben, was nun der Unterschied zwischen Source Rocks und Reservoir Rocks ist.

Wingat-1 war primär dazu da die geologischen Gegebenheiten zu erkunden mit einem sehr guten Ergebnis für das gesamte Basin, d.h. auch für alle weiteren Explorerbuden vor Ort am Start!

Ich hätte ein sehr ungutes Gefühl, wenn sie nicht verschiedene Source Rocks mit mehreren 100m Mächtigkeit in verschiedenen Tiefen gefunden hätten sowie light oil in guter Qualität.

Was jetzt noch fehlt ist ein oder mehrere Reservoirs und ein Seal darüber.

Schauen wir mal ...

Gruß von
tnzs

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.746.287 von tnzs72 am 30.05.13 09:57:32

Der "halbe Liter" waren nur samples, natürlich lagen da weit mehr boe,

productiontests waren für Wingat nicht geplant:

aus dem Conference Call -

Conference Call: Results of Wingat - Offshore Namibia
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=…

Milton Romeu Franke -

The well (Wingat) did not have the objective to run a casing and run production tests of the payzones to evaluate it's commerciality,

HRT TODAY AFTER RESULTS OF WINGAT IS ANALYSING TO ADJUST OUR DRILLING PLAN FOR THE MUROMBE WELL INCLUDING THE CASING OF THE WELL AND THE RUNNING OF PRODUCTION TESTS TO EVALUATE EVENTUAL FLOWRATES AND THEN WORK ON ECONOMIC MODEL TO EVALUATE THE COMMERCIALITY OF THE WELL

What did HRT observe during drilling in the wingat,

the well as you know started at 1050m of water-depth and

when we started drilling around 1500m depth we started observing hydrocarbon shows in the mud, this hydrocarbon became gradually more and more important as we starting getting C2, C3, C6, plus and heavier hydrocarbons in some intervals, with depth these hydrocarbons, or these shows in the mud, they increased gradually with depth,

the two targeted reservoirs did not have reservoir porosities, we could see this on the LWD and later confirm this with the logging that was done,

but they have below important hydrocarbon shows and considering our geological model of the petroleum system, it was HRTs interpretation that we were in the oil zone, the temperature and everything in our model was consistent with the analysis we did, that we were in the oil zone in this well,

HRT analyzed the technical conditions to continue drilling, as well as the seismic data and the possibility to go deeper, to test deeper sections in the well, we consulted our partner and decided to go deeper, ... the main source rock mapped and passed deeper potential pay zones,

we drilled deeper with increasing amount of hydrocarbon shows and these hydrocarbon shows became more and more important with depth, we drilled threw some potential reservoir layers, we had some mud losses and at 5000m we decided to stop the drilling

and run the final log, important to say that we were able to collect over 40 side wall cores of the main interest zone and run several wire line tests to collect fluid samples and evaluate such zones, again I give a little detail here,

there was coverage that HRT observed some very small shows of oil, in reality with wire line we filled up four collecting samples completely full with hydrocarbons from this one pay zone, we really were able to test, so it was not just a little pieces of information about oil, we actually have the oil samples, what are our main conclusions about the well today, we have yet produced light oil, it probably is something about 40°API,

we have identified pay zones, they are not so thick as they could be but we have pay zones, we did the wire line tests, we have the samples, they are in the lab and we will get the full analysis of such samples,

this is really concrete results with important indications for the work of HRT and I can imagine of maybe more than 10 other companies that have assets in Namibia and that are planning to drill,

we have logged the full section down to the 5000m, we have interpreted the presence of two important source rocks that are in the oil window that generated hydrocarbon shows observed in the mud while drilling, we have several information that still will be analyzed over the next days and weeks, as I said, and the full contribution of this well still has to be concluded but for sure we are very pleased with the results we have obtained, we are abandoning the wingat well according to international and local procedures and we will move the rig to our second well the murombe prospect and we expect to start to have the spud in of the second well in around 2 weeks,

the murombe prospect is only 15kms from the wingat, to conclude I would like to confirm for all of you that our namibian project today is much stronger than it was before we started to drill, wingat confirms the oil potential of the basin

and you probably all know that rare persons so far considered that Namibia could produce oil, most thought Namibia was the gas potential area, we have a plan for namibia, we will continue our drilling and adjust every time we think and when our partner agrees it's better to adjust our plan, we have today a much better set of information about namibia than we had before and maybe we have the best set of information of all companies in Namibia today.


Joe Paul -

Initially we felt very strongly that reservoir was not a high risk in these wells, we had excellent seismic data with excellent responses that indicated to us clear environments of depositions and depositional models, since of seismic we felt reservoir was not a significant risk, we had such large prospects in the wingat well

we had the concern that the generative potential of the source rock would not be sufficient to fill these structures all the way up with billions of barrels of oil,

the results of the wingat well have shown us that the play element that we had the least risk on witch is reservoir actually came out to have the greatest risk we found very little porosity in the wingat well,

on the other hand the source potential we had shown and we had proven has significant generative potential to create huge volumes of oil in the walvis basin and charge our prospects as we continue with our exploration program, one final comment, generally reservoirs and porosity are very easy to find and so that shouldn't be the big concern, whereas source rock, charge and migration pathways can be very difficult,

in this case

WE FOUND THE HARD STUFF BUT NOT THE EASY STUFF, SO I WOULD SAY WITH OUR FUTURE EXPLORATION WELLS THE CHANCE OF FINDING RESERVOIR IS VERY HIGH AS WE ALWAYS SEE RESERVOIR IN ANY BASIN WE DRILL IN AROUND THE WORLD


Milton Romeu Franke -

There are no reservoirs clearly water saturated in our well, there are no water zones in our well,

the amount of gas that came in to the well was very high and this amount of hydrocarbons , we had full measurement, full follow up of which kind of hydrocarbons were coming in into the mud,

then we have the thickness of the pay zones, it‘s a larger thickness than at least in any basin that I have seen before, I think one of our sources is several 100ds meters thick,

so in respect to the valuation,

we have today two source rock with high potential in the oil window,

considering our geological model we have, where they are considering temperature depth temperature and pressure.


Joe Paul -

The reason there was no discovery or no significant volumes found at wingat is the absence of reservoir,

there was no porosity,

WHERE EVER WE SAW POROSITY IN THE ENTIRE WELL BORE WE HAD HYDROCARBONS IN IT, WE HAD OIL IN IT, NOT JUST WEAK KIND OF HYDROCARBONS AND SO IT‘S A VERY SIMPLE LINK TO THINK THAT WHERE EVER WE HAVE POROSITY IN A WELL WE DRILL IN THIS BASIN WITH SUCH PROLIFIC SOURCE ROCK WE WILL CHARGE IT AND WE WILL HAVE OIL!

[Drill-a-Hill]

Zitat von Chinafreund: Kann mir mal einer sagen,wenn bei HRT alles so toll ist.
Warum der Kurs dermaßen abschmiert?

Guten Morgen,

das Gestern neu erreichte Alltimelow, entspricht ungefähr dem derzeitigen Cashbstand:

Final Cash Q1/13
R$829mio
- CBR Q2/13
R$2,9mio/day * 61 Tage
= möglicher Cashbestand heute
R$652,1mio
/297mio shares
= R$2,2/share



und dem Scenario das ich mir nach den jüngsten Bohrergebnissen erwartet hatte, ich hatte zu Beginn und während dieser 2 Bohrungen darauf hingewiesen das HRT im "worst case scenario" wahrscheinlich wieder in Richtung "Cash" notieren würde,

den Markt interessiert es nicht ob wir sourcerocks gefunden haben, die potentielle reservoirs mit Milliarden an barrel füllen können, der Markt möchte Ergbnisse sehen, "commercial discoveries in Namibia", "solimoes gas monetization in Brazil", das ist uns HRT noch schuldig,

"was bei HRT alles so toll ist", ist ihr Potential, die Blocks in Solimoes Basin Brazil sind so groß wie Dänemark, sie haben bereits 1-2 trillion cubic feet an Gas gefunden mit den besten flowrates in onshore gas wells die jemals in Brazil gemessen wurden, jetzt müssen sie es zu Geld machen, HRT arbeitet daran mit hocheifer, zusammen mit Petrobras & Rosneft sind sie bereits am besten Wege:

SOLIMÕES GAS MONETIZATION HIGHLIGHTS
UPSTREAM:
Subsurface resource capacity already established with base case 5 MM m3/d and high case of 7 MM m3/d;
Engineering studies and cost estimates concluded for Gathering system;
Production facilities and export pipeline;
DOWNSTREAM:
Visit to units of Celanese, Ventech and Velocys in USA;
Cost estimation for GTL, LNG and Power Generation;
MARKETING:
Draft Reports issued and workshop held with Petrobras and TNK-BP;
ECONOMICS:
Economic model construction underway

"was bei HRT alles so toll ist", ist ihr Potential auch in Namibia die nächste Bohrung "Murombe", die übrigens laut Knowledge Katti, einem unserer größten Aktionären, morgen am Sonntag beginnen soll, zielt auf mehrere reservoirs mit multimilliarden barrels of propective resources ab, die Chance of Success dürfte zumindest für das shallower prospect, "Baobab", deutlich gestiegen sein.

die gross unrisked pmean prospective resources der main prospects in dieser Bohrung sind:

BAOBAB ca. 1.5 Milliarden boe & MUROMBE ca. 4.5 Milliarden boe



, Upside potential ist damit gigantisch!!

bei einer discovery bewertet zu R$10/boe entsprächen das

R$60 Milliarden oder R$202/share +8600%

, wogegen das Downside potential, der cashbestand, zumindest in der kurzen Frist, überschaubar ist,

die Quoten gefallen mir und daher habe ich wie angekündigt gestern, noch vor dem Spud in von Murombe, beinen Bestand erhöht und meinen average deutlich nach unten geschraubt.

Marcio Mello:
Someone told me, what happened with HRT, the best company in the world in my perception, well, perceptions, you know what I mean?
Marcio Mello: Is the Oil Sector a Good Investment Today? The Hrt-P Case
http://vimeopro.com/user11965995/2012-agora-financial-invest…

GLA

[gabbo62]

Das erste namibische Öl.




Katti Knowledge und Mr. President

[links-zwo-drei-vier]

Antwort auf Beitrag Nr.: 44.763.867 von Drill-a-Hill am 01.06.13 09:31:21

"...auch in Namibia die nächste Bohrung "Murombe", die übrigens laut Knowledge Katti, einem unserer größten Aktionären, morgen am Sonntag beginnen soll..."

Namibia – HRT – Murombe – Spudding on Sunday

Quelle: http://www.helioschariot.com/

L234

[Petronius]

SALVE drill,

HRT-11 war ein Duster
Wingat war eine Testbohrung, also kein Duster?

Frage zu den nächsten Schritten:
- Die Plattform wurde nun 15 km weitergeschleppt und nun soll Murombe gebohrt werden. Wie lange dauert diese Bohrung? Wieder 5000m?

-Ist danach Baobab dran?
Reicht die restliche Kohle für beide Drills?

- Wingat wird auf deiner Matrix als Oil Prospect dargestellt und nicht nur wie kommuniziert eine Testbohrung. Soll nach der Testbohrung ein weiterer Versuch gestartet werden?? Oder hängt das Feld mit Murombe zusammen?

- Wie geht es in Solimaos weiter nach HRT-11 ?

- Was ist die Zeitplanung für die Gasmonetarisierung? Juli ein Ergebnis??

Deine Antworten ergeben eine Ereignismatrix, wann Kursbewegungen zu erwarten sind...Die sollten wir dann in unsere Terminkaledar heften!!

Wenn die Murombe gebohrt wird, dann dauert das bis Juli? Zur gleichen Zeit könnte die Gasmonetarisierung vorgestellt werden. Ich denke aber, dass HRT diese Nachrichten "strategisch" veröffentlichen wird. Sollte es wieder einen Duster geben, dann hätte man zumindest eine gute Nachricht in der Hinterhand. Die entsprechenden Heuschrecken haben dann Zeit zum Kaufen..

Ich habe mit einem Kumpel aus Australien einmal das Worst-Case-Szenario betrachtet, ohne allerdings die tatsächlichen Zahlen zur Hand zu haben.
Nur mal als Gedankenexperiment: Was passiert, wenn wir einen weiteren Duster haben? HRT wird ja nicht weiterbohren, bis kein Geld mehr in der Kasse ist. Also werden die sich erst mal stabilisieren müssen. Das heisst, die Gasmonetarisierung unter Dach und Fach bringen und Polvo aufplustern..
Wenn das auf weiteres das einzige Geschäft bliebe, wie könnte die G&V aussehen?? Ich denke, diese Betrachtung zeigt uns die absolute Untergrenze für den Kurs..
Drill: Kannste helfen???

Schönes Wochenende!
Petronius

[DJHLS]

Antwort auf Beitrag Nr.: 44.763.867 von Drill-a-Hill am 01.06.13 09:31:21

Sicher, Potential ist reichlich vorhanden. Die Frage ist eben, ob HRT in der Lage ist, dieses Potential in shareholder value zu transformieren.

1. Die brasilianischen onshore Gasfunde sind ohne Pipeline-Anschluß an das Gasnetz oder ein liquefaction terminal nichts wert. Pipelinebau ist teuer. HRT muß also entweder die Gasfelder billig verkaufen (Farm out) oder das Gas billig verkaufen (Off Take). In beiden Fällen dürfte wenig bis nichts für HRT übrig bleiben.

2. Der Cash-Bestand von dem immer die Rede ist, sieht in der Bilanz m. E. nicht so toll aus. Ich meine, dass da die Rede von cash equivalents ist. Abgesehen davon gibt es ja auch noch Schulden, die irgendwann getilgt werden müssen. Also einfach das Cash nehmen und ausschütten funktioniert nicht. Und selbst wenn es funktionieren würde - das Management würde es nicht tun. Die werden jeden Cent in Exploration investieren, der verfügbar ist.

3. Damit sind wir bei Namibia. Die Exploration muß dort zu einem kommerziellen Erfolg führen. Denn HRT kann da nicht ewig forschen. Was also sind "source rocks" wert? Für Geologen, die die Richtigkeit ihrer Theorie beweisen wollen, dass es da ein "working hydrocarbon system" gibt eine Menge. Für Kaufleute sind sie nichts wert. Da zählt nur, was mit Gewinn gefördert werden kann.

[motz1]

Antwort auf Beitrag Nr.: 44.766.219 von DJHLS am 01.06.13 20:05:55

Keine Sternstunde des Explorer-Wissens .

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.765.831 von Petronius am 01.06.13 18:14:37

Guten Morgen,

zu HRT-11

- oil shows were due to the presence of residual oil in the reservoir.
- results indicate that the petroleum system was active within the prospect area.
- well has been abandoned as a dry hole with hydrocarbon shows.

"Wie geht es in Solimoes weiter nach HRT-11 ?"

- Geological information resulting from this well will be analyzed and calibrated with available information in order to assist in further decisions on the Solimoes Basin forward work program.

zur Wingat well

Wingat war ein Oil prospect mit 1 bn boe(pmean gross unrisked prosp. res.)
leider gab es im Wingat Reservoir keine oder nicht genügend Porosität, welche das ganze Öl von den, im Zuge der Bohrung bestätigten, Sourcerocks hätte aufnehmen können. Dagegen gab es einige

"several thin-bedded-sandy reservoirs that are saturated by oil.",...

Im Zuge der Bohrung wurde bewiesen daß die Sourcerocks die Fähigkeit haben gigantische Mengen an Öl zu "produzieren" um dann in entsprechende Reservoirs zu migrieren,

Reservoirs sind von Lokalität zu Lokalität unterschiedlich, wogegen Sourcerocks weitläufiger sind, deswegen ist HRT sehr optimistisch was die Murombe Bohrung angeht,

für eine discovery brauchen wir schließlich

Sourcerock - Migration - Trap - Seal or cap rock - Reservoir

Joe Paul, CEO HRT America dazu:

Initially we felt very strongly that reservoir was not a high risk in these wells, we had excellent seismic data with excellent responses that indicated to us clear environments of depositions and depositional models, since of seismic we felt reservoir was not a significant risk, we had such large prospects in the wingat well

we had the concern that the generative potential of the source rock would not be sufficient to fill these structures all the way up with billions of barrels of oil,

the results of the wingat well have shown us that the play element that we had the least risk on witch is reservoir actually came out to have the greatest risk we found very little porosity in the wingat well,

on the other hand the source potential we had shown and we had proven has significant generative potential to create huge volumes of oil in the walvis basin and charge our prospects
as we continue with our exploration program, one final comment,
generally reservoirs and porosity are very easy to find and so that shouldn't be the big concern, whereas source rock, charge and migration pathways can be very difficult,

in this case

WE FOUND THE HARD STUFF BUT NOT THE EASY STUFF, SO I WOULD SAY WITH OUR FUTURE EXPLORATION WELLS THE CHANCE OF FINDING RESERVOIR IS VERY HIGH AS WE ALWAYS SEE RESERVOIR IN ANY BASIN WE DRILL IN AROUND THE WORLD


zur Murombe well

"Ist danach Baobab dran?
Reicht die restliche Kohle für beide Drills?"

Die Murombe Bohrung zielt auf 3 propects (im Zuge einer Bohrung) ab Baobab, Murombe & Sivaradi,
kostet ca. $90mio, dauert ca 60 Tage und zielt auf 6 Milliarden boe pmean ab


Worst-Case-Szenario?

Sollte entgegen der Wahrscheinlichkeit die gesamte Murombe well "dry" sein, denke ich wird der share price weiter Richtung Cash tendieren, der Cashbestand nach der Murombe well könnte Anfang August mit entsprechenden CBRs ca. R$523mio betragen bzw. ca R$1,77/share.

Danach wird aber so oder so noch zumindest die dritte Bohrung stattfinden, das steht definitiv fest und hängt nicht von den vorherigen Ergebnissen ab.

Deine Überlegungen zur Veröffentlichung der Ergebnisse zu Murombe und zur Gasmonetisierung im selben Zeitraum sind absolut schlüssig und wir haben die selbe Strategie mit HRT-11 & Wingat erlebt.

Zur absoluten Preisuntergrenze,

die haben wir meiner Meinung nach längst durchbrochen, würde heute jemand HRT übernehmen wollen, würde er (ohne Cash)

mindestens 1 Milliarde Dollar auf den Tisch legen müssen, ca. R$6,7/share

Polvo hat ca. 25mio boe und weiteres Potential, Polvo alleine schätze ich momentan auf die $130mio die HRT and BP dafür bezahlt also ca. R$0,88/share.
Solimoes bereits 1-2 trillion cf of gas und weiteres Potential ( für welches TNK-BP bereits 1 Milliarde auf den Tische legte),
Namibia warten wir ab, wird unschätzbar viel Wert sobald die ersten mit Milliarden and boe gefüllten Reservoirs gefunden wurden, +++++ bn $$$

GL & schönen Sonntag zusammen!!

[Drill-a-Hill]

Jimmy's Meinung zur möglichen Anpassung des "drill plans" für die Murombe Bohrung auf Grund der gesammelten Daten der nur 15km entfernten Wingat Bohrung:
http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&disp…

I believe that hrt will make the following changes to their drill plans for murombe as a result of the wing at well results. These are just my best estimate based on the information publicly available.
1. Firstly hrt are now showing three stacked prospects whereas originally before wing at started drilling there was just one prospect.
2. The target depths of each forecast reservoir will be slightly deeper than forecast, with the deeper prospects being about 100 meters than previously forecast.
3. They will probably change the well casing shedule so that each zone is drilled and evaluated separately without impacting on the other zones. That does mean that vital price sensitive information will be available to hrt during the drilling period and well before the well reaches TD.
4. Very high pressures were encountered while drilling the wing at well, so it's likely they will need to use a heavy mud weight while drilling.
5. In the hrt cc, as correctly pointed out by a poster on stock house, hrt stated that originally prior to the drilling of wing at that hrt had no plans to set production testing casing, but that following the wing at well results , they would now examine the well design with a view to possibly changing that. See 7.30 time on the hrt cc for reference.
6. Hrt may well decide to take core samples from each reservoir.

All of these changes mean that vital price sensitive data will be available during drilling, the time to target depth may well be a little longer and possibly use up some contingency time in the well plan.

[Petronius]

SAlve Dril,,

Danke für die detailierte Antwort!!

Wenn ich diese Jimmy-Speku und die 60 Tage Bohrzeit betrachte, dann vermte ich in der ersten Hälfte der Bohrung schon preissensitive Infos. Das würde bedeuten, dass gegen Ende Juli erste Funksignale kommen. Wir hätten dann noch vier Wochen Zeit für Neu-Investments VOR den Ergebnissen.

Ich könnte mir vorstellen, dass wir eine zeitlang auf dem momentanen Level daddeln. Wer nach WINGAT verkauft hat, kommt nun kaum zurück. Allerdings könnten die Heuschrecken die Zeit für Investment nutzen...die wissen ja vorher, wann die Gasmonetarisierung kommt. Die sitzen jetzt ja im AR.

DJHLS hat vermutet, dass man den Cashbestand für Exploration verbrutzelt. Ok. Auf der Bank macht die Kohle ja keinen Sinn. Aber die werden niemals alles verbraten, ohne eine Sicherheitsreserve zu behalten.

Sollten nicht eigentlich weitere Farm-ins geben??? Das wäre doch ein weiterer Kurs-Boost. Sowas kommt eher unerwartet. Müsste man in Drills Szenario berücksichtigen...

Ende Juli: Erste Ergebnisse
Nach Ergebnissen Info zu Gasmonetarisierung
Ende August: Bohrung abgeschlossen
Irgendwann Farm-in

Petronius

[gabbo62]

Spud-in of the offshore well on the Namibia's Murombe Prospect

HRT Participacoes em Petroleo S.A. HRP 6/3/2013 12:32:00 AM

RIO DE JANEIRO, June 2, 2013 /CNW/ - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) through its wholly-owned subsidiary HRT Walvis Petroleum (Proprietary) Ltd. ("HRT Walvis"), announces, on June 1st, 2013, the spud-in of the Murombe-1 (2212/06-1) ("Murombe-1"), the second offshore well in its back-to-back exploratory drilling campaign. This well is targeting the Murombe Prospect, located in Petroleum Exploration License 23 ("PEL-23"), in the Walvis Basin, offshore the Republic of Namibia.

http://files.newswire.ca/1149/HRT_PEL-23.pdf

The Murombe-1 well is located 220 km northwest of Walvis Bay in 1,391 m of water depth. This well is just 15 Km east of HRT's first well on PEL-23 (Wingat-1) which drill through two excellent oil producing source rocks from which they recovered liquid hydrocarbon. Murombe-1 will test a 1,000 km2 basin floor fan on a way4-dip closure at its highest structural elevation within a turbidite complex. The main objective of this well is to test the resource potential of Barremian aged turbidite reservoirs that have a well-defined seismic amplitude anomaly on the PSDM 3D data set. A shallower secondary objective, the Santonian aged Baobab confined channel complex with turbidite reservoirs, which is between the two oil producing source rocks, will also be penetrated.

The Boabab reservoir is expected to be encountered at 3,670 m depth below sea level and the Murombe reservoir is expected to be encountered at 5,090 m depth below sea level. Murombe-1 will be drilled to a projected total depth of 5,360 m by the semi-submersible Transocean Marianas (NYSE:RIG). The total time estimated to complete the operations is approximately 72 days.

HRT is the operator of 10 blocks offshore Namibia, which are contained in 4 Petroleum Licenses. GALP Energia (NYSE Euronext Lisbon: GALP), with 14% participating interest, is HRT's partner to drill the first 3 wells of the current exploration campaign.

"HRT is very excited to continue its Namibia exploration campaign with the Murombe well. We hope to benefit from the positive results of the Wingat-1 where source rocks and light oil were discovered. HRT is working hard to bring success to the company, its shareholders and the people of Namibia with our exploration efforts," highlighted Milton Franke, the CEO of HRT.

http://www.stockhouse.com/news/canadianreleasesdetail.aspx?n…

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.770.731 von gabbo62 am 03.06.13 07:38:53

"LET'S FIND THE EASY STUFF NOW!!!"

JOE PAUL - "the source potential we had shown and we had proven has significant generative potential to create huge volumes of oil in the walvis basin and charge our prospects"

GLA

[Drill-a-Hill]

Interview mit Milton Romeu Franke - CEO HRT petroleo
http://translate.google.com/translate?hl=de&ie=UTF8&prev=_t&…
(übersetzt mit google translater)

40 years in the oil industry, Milton Franke is facing one of the biggest challenges of his career: HRT preside in place of the founder Márcio Mello, in a period of uncertainty about the future of exploration campaigns in the Solimões Basin and in Namibia and on the reformulation of the Board of Directors.

The interview below is the result of a meeting with the CEO Empiricus, conducted last Friday.


Milton, you have identified the source rock in Wingat and what it is spent on the call of great power. The company goes to Murombe can say that the risk actually decreased charging?

Milton Franke: Yes If you remember a map that HRT has presented frequently in their presentations, the generator starts south of Tapir and continues the line of coast to South Africa It does not occur in the shallower areas of the river and we still do not have Best information bases deeper but it covers well the blocks of the PEL 23, 24, 28 and partly the PEL-22.

It is a generator regional mappable seismically very conspicuous in the seismic reflectors. During drilling, the depth of the water layer was 1050 meters. As of 1500 meters, ie entering 500m in surface sediments, we began to have significant abnormalities showing that gas was entering the blade. This gas can even have a biogenic origin, but soon began appearing C2, really mature gas oil.

Then when we arrived at the secondary reservoir in this well (Nocoma), which was interpreted roughly 2,500 feet, had an anomaly since gas started to get stronger gas, but Nocoma has no reservoir. Sandstones are blades without actually constitute a reservoir, but the whole section had evidence of C2 and C3.

Continuing drilling, we come to the main reservoir, which is an anomaly in seismic amplitude, and then we understood why that anomaly existed with the drilling, but it went wrong. The reservoir is completely closed, a limestone platform without porosity, but above and below this potential reservoir the well had been growing evidence that henceforth (this primary target).

We decided it was not appropriate to complete the well to the depth most likely it's over, because the well had no choice since the beginning of 5000 meters to go, but if that had saturated oil reservoir with good potential, we probably do not continue drilling. Analyzed with a partner, we verified the safety conditions of the well and decided to continue drilling to 5000 meters - which was done.

From 4100 until 5000 the well had many indications of hydrocarbons and the chromatograph started having C5, C6 and even heavier hydrocarbons, which are already on the list of oil.

Enter what was mapped as being our main generator, this generator is very thick in this well, and drilled a few more 100m below the generator. Continued taking evidence, began to have a loss of circulation, the well began receiving sludge, spent several days for profiling the well, we can take more than 40 samples at the generator side and the reservoir, we ran four positive tests among several attempts to show fluid this reservoir and recovered four chambers filled with fluid from the formation.

One we opened, the other three were laboratory. One for the Ipex (RJ) and two international laboratories. They remain under pressure to check the total content of the sample. This one we opened is a light oil of approximately 40 degrees API. Greenish brown.

The reservoir has no thickness, porosity is a good metro, maybe two feet, but the conclusion is that it is a sub-commercial oil discovery.


Why is not tested sub-commercial production, productivity and have no idea of the extent of this layer?

It is very thin. Was a thickness of 50 to 100 meters would probably information of a commercial oil discovery probably, but would have to continue with the evaluation.

We confirmed the presence of two generators, these generators will still be evaluated for quality, the carbon content. We have no further laboratory analyzes. We have only the evidence that was obtained during drilling, which were very good. Traces of oil.


A lot of people talking and talking about the opposite of success probability Murombe as she gets after the outcome of Wingat. Is to quantify that, if indeed the PoS increased or decreased to the next drilling?

This is the first question we asked ourselves. If you look at the prospect of Murombe, we have some seismic lines in which the two are on the same line. Among Wingat Murombe and has a distance of approximately 15 km, and one can clearly see the differences between one and another.

The Wingat when HRT was introduced to America, was presented as an analogue of Pampo field in the Campos Basin, and we still think it really is an analogue of these carbonate fields that have been discovered in the Campos Basin.

Only in our case, this is not a carbonate reservoir. It does not extend to this format for Murombe. Carbonate that there does not exist: Murombe is a well that will be drilled beyond the carbonate platform.

The carbonate platform in a water depth is smaller and hence you are going to deeper water when going to Murombe. Remember that in the Campos Basin we [Petrobras] started in shallow water and then finally went to deeper waters, where the discoveries had coming to Marlin, where they were actually turbidite reservoirs?

For our vision of Namibia is exactly the same. Those people who compared the Namibian basins to Pelotas basins were completely deceived. The question we are drilling is testing in our U.S. group is a geological section very similar to the Campos Basin, going to deep waters.

If you look Murombe, the first thing you have is a much shallower secondary objective of turbidites, which are equivalent to those discovered in tertiary fields. Sandstones that do not occur in Wingat, something new that we hope to Murombe. They would probably fed by this generator we took the Wingat that seismically shows a perfect continuity - side - to Murombe.

That generator a bit younger we identified in Wingat can also be a generator for these shallow layers of Murombe. The other goal, which is deeper, below the generator is powerful in that we punched Wingat and requires a generator deeper, we mapped and identified through other wells that have been drilled in the Walvis Basin and further south, which are also present.

So, if we can identify a reduced risk exploratory Wingat heading toward Murombe? My answer is yes. The generator that we found is present and the reservoirs are others. In this case, our analog is much more Marlim Campos Basin than the field Pampo.


In some instance the result of Wingat influence, either positively or negatively, any farm outs are you playing? Marcio spoke to us that even two new farm outs would be possible in Namibia. There was a subsequent conversations Wingat?

Our thinking is exactly that. The results are sufficiently encouraging Wingat the geological point of view and the information we collect. Today we are the only company that has a definitive sample of the oil. I have one here in my office. We are the company that has acquired 3D data and all other data available in Namibia, has local and regional maps, we have a well sampled, with samples and samples of side rail of generators that we drilled, and is the only pit that is in the direction Ocean ...

If we get the same understanding of the oil companies, we have the conviction that it will be much easier this time getting partners to fourth well, get partners up to something new, an additional program that we think is going to happen in 2014 and 2015.

We do not think that the end of Namibia is with this program in 2013. It is simply a first assessment of what we have.

We have over two dozen mapped prospects of which four were selected, representing the diversity that we found to test different petroleum systems. Once successful in one of them, we will return our portfolio, put everything on the map and decide where we will take the second and third shot.

So we believe that yes, companies will end up convinced that the result of Wingat is opening a new path and a new paradigm for Namibia.


Shares in Chariot and Ecoatlantic reacted favorably to the announcement you ...

Exactly, that's what we expect. More than 40 companies know our data and were in our data room. Once they are redoing the bills after Wingat, we believe that some of them will look for us. Some have sought.

I'm avoiding a first impulse. I want a week to talk to you, let the market mature the result and then do a very professional approach with a small group of selected companies a finger to try to convince them to support this project HRT Namibia.


Moving to the Amazon, an issue that was not so clear to us in the conference call with respect to next steps. What you actually want to drill this year in Solimões and what will be the strategy to Arua? Will continue there, or return the focus to the HRT-10 to the new seismic cluster Aruã?

The westernmost area of ​​the blocks 168, 169, 170, 171, 192 and field Juruá Petrobras, this set of blocks, is being studied for us to present a plan for the ANP evaluation of the discovery of large amplitude, where this set whole, which will end up being our gas monetization project, has one evaluation plan. The ANP has agreed with us that it is possible.

This project is going very well. We had a committee meeting and Petrobras is very pleased, TNK is satisfied and HRT is satisfied. 1 This phase aims to have a final report in July, and all indications are that we'll have the report and a very positive conclusion of this first phase. We are already making economic modeling.

If we go further south of this set, still in block 192, that area of ​​the HRT-10 ... He gave very good indications of oil and when tested in training Juruá they produced gas.

South of HRT-10 we have already outlined several prospects, but we need more seismic. In the first area we need the Evaluation Plan. In this second area are programming new seismic surveys so we can drill new wells in this area.The alignment trend of Urucú will give exactly on the border of blocks south of 192 and north of 215. This is another area that we believe may have potential for oil.



We are trying to understand why the HRT-10 lost its integrity and that oil came out. But, hey, this oil has not reached the surface. There is no known seep oil Solimoens on the surface. So this oil is going somewhere. And we have, diving up to where the oil may have migrated, other structures that can be drilled. So is our best seller currently in the Solimões. This area south of the HRT-10.

Another area that we are studying and eventually the new seismic is now the blocks 194, 195 and 218, which are at the center of our field. Here we confirmed the structure Pequi and we are evaluating what to do. Discussing with TNK with continuous meetings trying to assess how to proceed.

In the cluster Aruã there are several alternatives for drilling but with the result of the cluster Cajazeira Aruã was "on hold". He is under evaluation, we are looking to see what went wrong. Apparently the structure but oil has lost its integrity and was only a residual oil. This is a preliminary assessment. The seismic has a poor quality of this cluster Aruã but we do not yet know what went wrong. We do not yet have a decision of the Joint Venture on how to proceed in the cluster.

Well east have a prospectus called Macadamia mapped with seismic old, and this time we have a team there making new seismic. This block 151, the blocks of the south, we have 4 more years within the ANP. We have more time to decide the perforations. Let's do more seismic to decide to drill.

The Solimões is actually in the process of revaluation of the next steps of the JV. We have to make sure that today will do more and better quality seismic to improve the mapping of prospects, but still has questions of when and where to drill, a decision that will come out in the coming weeks.


About Polvo field ...

We're in a transition period with BP. The field is still BP until the process will probably continue for two or three months and ANP agrees to transfer the asset to HRT, but all procedures are being taken.

We have ten coordinators in the transition team and we believe that was an important asset that came to HRT and can contribute in many ways economically and technique as a new area of ​​activity of the company that can grow in the future generating revenue and creating a balance best among tax expenditures in exploration and production in rebates possible. Something that comes constructively.

Within two to three months at most HRT is a company that will produce oil in the Campos Basin, which is the basin that now produces 80% of Brazilian oil. Campos was a target of HRT since the beginning and we hope to eventually have other opportunities like this in the future.


How is the relationship with the Council? You were quite close to Marcio ... What the weather today between the management and the Board?

You know me. I'm in the industry for 40 years and am a conciliator. The strategy that I took, along with the new chairman of our board, was to reduce the noise. What happened, happened, and we need to work constructively is that HRT succeed.

I talked with some large investors, the main HRT, and I think there is an understanding that we have to reduce noise and work harmoniously to find solutions to our problems. At least one of the new members of the Board is my name longstanding, have worked together on other projects and we get along very well. We are perfectly aligned. We have a very good alignment with the current chairman John Willott.

The output of the Director Stephan Alexander was something unexpected and over the months we will understand exactly why he left. He was for personal reasons. It may be something quite different from what the market wanted. May have no relationship with the Board meeting, but an important new opportunity in his life. We have had further meetings and think everything is appeased.

Marcio will remain a member of the Council, traveled with me to Namibia to visit the minister and the president of the republic and it was a very fruitful trip, with very good receptivity in Namibia. Wagner [Peres] will remain a member of the Council, he also had some personal issues to reduce his participation in HRT and we go forward.

We recognize that there were conflicts, but these conflicts were constructive and I hope that the company has a normal life going forward.

[Drill-a-Hill]

Guten Morgen,

habe ich bei iii gefunden (Mo, 16:23):
http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&disp…

Espirito Santo Broker Note for GALP

"We believe Galp is a good way to play this prospect from a risk/reward perspective. Based on the data provided by Galp and HRT before the drilling of Wingat, we estimate that the Murombe (PEL 23) prospect has gross mean unrisked resources of 4.5bnbbl and PoS of 25%. Assuming our $5.0/boe NPV and 639mmbbl resources net for Galp – it could potentially add up to Eur 3.0/sh (24% of current market cap) to our FV in a blue sky-scenario. Do note that the overall cost for Galp of the three back-to-back wells planned for Namibia is Usd100m, which represents just 1% of the current market cap. We believe that now that most of the overhang risk has been removed, investors will focus on Galp's fundamentals and its significant exploration upside potential. Galp is a Silver Bullet BUY for Q2."

Vergleichen wir hier Galp mit HRT kommen wir auf folgende Szenarien:

Murombe 4.5 bn boe * $5/bn boe = $22.5bn

Galp 14%
+$3.15 bn
EUR 3/share (+25%)
-$33 mio (-0.3%) (Dryhole-Costs-Murombe)

HRT 86%
+$19.35 bn
BRL 130/share(+5330%)
-$60 mio (-17%) (Dryhole-Costs-Murombe)

GLA

[gabbo62]

Von Jimmy aus iii:

HRT have to day announced the spudding of the Murombe well.
I wish to make the following observations and comments.
1. The duration of the well is 72 days now. An earlier estimate by HRT was " drilling time around 60 days". So clearly extra time for sampling and most likely extra casing because of high pressures and possibly flow testing.
2. HRT report that "A shallower secondary objective, the Santonian aged Baobab confined channel complex with turbidite reservoirs, which is between the two oil producing source rocks, will also be penetrated. " I remain puzzled by the suggestion that there is a proven source rock which is above the Santonian reservoir,this is inconsistent with the HRT conference call after the Wingat well where they stated that the source rocks encountered were the deeper Turonian/ Cenomaniam and the Albian Barremiam. Also this latest RNS is inconsistent with the HRT presentation on page 18 which clearly shows two source rocks proven by the Wingat well and both were below the Baobob reservoir area. Either there is a new shallow proven source rock or there has been a mistake. See page 9 of the HRT Namibian Review dated 23rd April 2012 for reference.
3. The deeper Murombe fan and Silveradi prospects are expected to be charged by another deeper source rock. The proof of this could have regional exploration implications.

This HRT will be important to Chariot, no exploration value included in Chariots share price so its probably the least risky way to invest for exposure to this potentially high impact well by HRT.

Jimmy

http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&disp…

[Tomu]

habe mir heute nochmal welche ins depot gelegt. günstiger wirds denke ich nicht mehr bis zu den bohrergebnissen.

mal schauen. ich bin optimistisch :-)

[2meterwaller]

60 Tage wird mind. gebohrt. Bid dahin werden wir wohl noch tiefere Kurse sehen, bis der Kurs dann kurz vor den BE wieder anziehen wird. Ich denke aber das der Boden bei ca.
0,50 $ der Boden sein sollte.

Hier läuft die nächsten Tage erst einmal nichts weg...

Waller

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.785.127 von Tomu am 04.06.13 19:45:02

Guter Zeitpunkt in HRT einzusteigen bzw. aufzustocken,

Der Market Cap entspricht momentan Punktgenau den Cashreserven,
also wo liegt hier im worstcase der downside nach den Murombe Ergebnissen?

Final Cash Q1/13 war R$829mio (R$2,8/share)

angenommene CashBurn Rate in Q2 ca. R$2,9mio/day *66days
Todays Cash sollte R$637,6mio (R$2,15/share) sein

angenommene CashBurnrate in Q2 ca. R$2,9mio/day * 91days +
angenommene CashBurnRate in Q3 of R$1,5mio/day * 42 days
Cash am 11 August (72 days nach spud in Murombe) sollte R$502,1 (R$1,69/share) sein

...beinhaltet keine revenues vom Verkauf von Air Amazonia... ca. + R$130mio (+ R$0,44/share)

mögliches worst case scenario im Falle eines "Dry wells": -21,76% with murombe results from yesterdays prices

möglicher Upside THE SKY IS THE LIMIT

GLA

[Drill-a-Hill]

Institutional Presentation - June 2013
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=…

[Drill-a-Hill]

HRT/TNK-Brasil SOLIMÕES PROJECT
ARUÃ CLUSTER FARM DOWN
http://www.cgef.org/clients/b/b9/b998539fe09babf4dcb5a5ab948…

FARM-DOWN TIMELINE
Effective date:
25th of February 2013
FTP Site Information in advance of
Data Room Attendance after signature
of Confidentiality Agreement;
Submission of a LOI:
23rd of April 2013.

Daraus scheint nichts geworden zu sein, jedenfalls scheint HRT bereit zu sein Ihre Beteiligung in Solimoes zu reduzieren, Farmout bis zu 35%, jetzt wo sie sich das Polvo field gesichert haben mit 13000boe/day Produktion...

Ich nehme an wir werden dieses Jahr noch so einiges an FarmDown erleben!

GLA

[Drill-a-Hill]

Guten Morgen,



langsam wird es spannend mit dem Gas-Monetization-Plan, vorallem weil HRT momentan vom Markt ZERO value für Ihre gigantischen Gasreserven zugeschrieben bekommt, klar die Infrastruktur ist teuer, aber in Brazil kostet Gas wesentlich mehr als Beispielsweise in den USA:

The average tariff for the gas industry in Brazil is $ 17,14 per million BTU (international reference measure for the marketing of the product), while in the United States the value is $ 4.45 per million BTU.
http://www.costdrivers.com.br/costdrivers/noticias/2013/5/co…

HRT sprach von einer möglichen Produktion von bis zu 7 mio m³/day, = 254.122.964.900 BTU
* $ 17,14 per million BTU = 4.355.667,62 /day * 0.55 (HRT interest) =

$ 2.395.617,19/day net to HRT

Da HRT die developement Kosten für Ihren Teil (55%) nicht stemmen können wird, wird IMO Petrobras einspringen und im Gegenzug um die 20-30% in den entsprechenen Lizenzen bekommen. Blieben immernoch (bei 25-35%):

$ 1.088.916,90- $ 1.524.483,67/day net to HRT nach FarmDown von 20-30%

Jetzt bleibt die Frage was davon nach Kosten übrig bleibt, ich meine mich zu erinnern Marcio Mello mal gesagt zu haben um die $8/mioBTU, dann blieben


$ 580.670,97- $ 812.939,37/day net to HRT nach FarmDown von 20-30% & $8/mioBTU costs,

Ich übernehme keine Gewähr für die Zahlen & Berechnungen, denke aber daß es mehr oder weniger die Dimensionen darstellen sollte,...

HRT, Petrobras & Rosneft sind kurz davor die Pläne zu finalisieren und in die Tat umzusetzen:

Die Ergebnisse sollten sich hoffentlich im shareprice widerspiegeln, wenn der Markt endlich merkt daß 7 mio m³ gas /day nicht ZERO wert sind...



GAS MONETIZATION – DELIVERABLES & TIMELINE
Work Plan and Status

1. PROJECT MANAGEMENT:
Final monetization report & recommendations to Steering Committee - Done
2. SUBSURFACE GROUP:
Resources and Production Profile Report - Done
3. ENGINEERING:
Options Screening and Basis of Design - Done HAZID/ENVID study
Cost Estimates Completed - Done
Final report – July 2013
4. MARKET:
Draft Reports on Regulatory Regime and Markets - Done
Draft Conclusions on Monetization Options
Delivery of final report & executive summary
5. ECONOMICS:
Draft economics model with all inputs ready
Final model

UPSTREAM:
Subsurface resource capacity already established with base case 5 MM m3/d and high case of 7 MM m3/d;
Engineering studies and cost estimates concluded for Gathering system;
Production facilities and export pipeline;
DOWNSTREAM:
Visit to units of Celanese, Ventech and Velocys in USA;
Cost estimation for GTL, LNG and Power Generation;
MARKETING:
Draft Reports issued and workshop held with Petrobras and TNK-BP;
ECONOMICS:
Economic model construction underway.


Man darf gespannt sein...

GLA

[gabbo62]

http://www.thevillager.com.na/articles/4159/Namibian-oil-fin…

Namibian oil find – the emperor’s new clothes syndrome

by Deputy Editor Mon, 3 June 2013 03:47

Knowledge Katti is angry with the local media for being skeptical over the news of oil find off the coast of Nmibia.

Katti vented his anger on twitter and Facebook last week castigating sections of the media which questioned the oil find.

Fair and fine but Katti should understand where the media comes from regarding early celebrations of this strike of a rich oil vein because HRT, the company he has partnered with, is not the first company to drill wells and find some oil of no commercial value in Namibia.

The difference here is that none of the companies rushed to State House after gathering ministers and even Prime Minister Hage Geingob, to display the finding and then dampen it all by the ‘of no commercial value’ disclaimer.

So far, 14 wells have been dug off the coast of Namibia, in Owambo and Nama basins but no oil was spud.

The exploration has covered more than 500 000 square kilometers. The only confirmed finding is that of gas in what is now known as the Kudu Gas Field where four of the exploration wells were dug.

Whatever oil was found, if at all, was declared of ‘no commercial value’. This is why the media appeared to be ‘ungrateful’ and ‘unappreciative’ with the latest news of the oil finding in Namibia.

That also makes Katti/HRT’s early celebration a non-event because if at all, it changes nothing since, according to their own submission, whatever was spud, will not bring in jobs, boost the fiscus and halve Namibia’s problems.

Last year in February, EnerGulf Resources who owns Block 1711 said they had found an estimated 3.16 billion barrels of potentially recoverable oil off the Namibian coast.
Another company, last year the US-based Duma Energy Corporation also said they had found some crude oil in the vicinity of Etosha from Petroleum 5-1A well in the Owambo Basin.

Chariot Oil that owns Northern Block 1811A off the coast of Namibia has so far dug two wells which never yielded any oil.

Coincidentally, just like HRT, Chariot Oil’s share price took a hard knock after announcing that they had found ‘no commercial hydrocarbons’ in the Tapir South exploration well.
The company had earlier announced that the Tapir South well had 25% chance of yielding oil estimated to be about 604 million barrels. Well, after burrowing deeper into the earth for about 4 879 metres, Chariot Oil emerged saying there was nothing worth talking about.
Just like HRT, Chariot Oil are not giving up and Government has extended its licence with a year for Blocks 2312 A & B and Northern halves of 2412 A & B.

The company is also putting all its hopes on the information they got from the dry well in their future quest for striking a rich oil vein.

BP Plc too swam into the oil basin early last year after snapping up a huge chunk of shares in the Nimrod Prospect in the Southern Block 2714 in the Orange Basin 77 km off the Namibian coast.

At the time, BP said the Nimrod Prospect could be the third biggest oil discoveries for the year but it’s not clear whether they are yet to spud some oil.

It is after considering all these facts that the media arrived at the conclusion that what is being celebrated as some great milestone; huge achievement and painted as bright prospects could, in actual fact, be just the Emperor’s New Suit Syndrome.
The Emperor’s New Suit Syndrome derives from the fable where two con-artists promised a foolish emperor that they would want to sew for him one of the most amazing suits ever.
But their one condition was that any one of his ministers who did not see the suit was stupid or foolish and so was unfit to hold high office. Struck with fear, the whole empire – even the Emperor himself – could not see the suit but still everybody pretended to see it.

When the emperor was paraded, all the people in the street said, “Goodness, the emperor’s new clothes are incomparable! What a beautiful train on his jacket. What a perfect fit!”
It took the eyes of a child to say: “But he doesn’t have anything on!” And then everyone finally said: “But he doesn’t have anything on!”

Even the emperor himself was aware of it but it was too late for him to do anything. Of course, he was embarrassed.

Any news of an oil find in Namibia is greatly welcome but let it be news about a real find not one that is meant to mislead people into believing that at last the country has arrived.

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.806.935 von gabbo62 am 07.06.13 13:52:36

Guten Morgen Gabbo,

interessanter Artikel,

"Fair and fine but Katti should understand where the media comes from regarding early celebrations of this strike of a rich oil vein because HRT, the company he has partnered with, is not the first company to drill wells and find some oil of no commercial value in Namibia.
The difference here is that none of the companies rushed to State House after gathering ministers and even Prime Minister Hage Geingob, to display the finding and then dampen it all by the ‘of no commercial value’ disclaimer."

Fair and fine LOL , wenn sich Katti hier nicht wieder provoziert fühlt...,

Der Unterschied von der Nimrod zur Wingat Bohrung ist das HRT heute keinen Grund hat die Ergebnisse schlecht zu reden oder als "confidential" zu halten, im Gegensatz dazu spielen BP & PB eine ganz andere Rolle in Namibia, sie sind sicher nicht daran interessiert mit anderen Majors in einen Bieterkampf um die besten Plätze zu geraten, wogegen HRT in Hinblick auf die vierte Bohrung noch immer nach einem Partner sucht und das zu möglichst guten Konditionen...

Unser Vorteil (der Investoren) und der, der anderen Unternehmen die in offshore Namibia unterwegs sind, ist das wir von der Veröffentlichung der Ergebnisse lernen konnten, das konnten wir auch von der Nimrod Bohrung aber nicht in dem Ausmaß, BP & PB halten die wirklichen Ergebnisse immernoch unter Verschluss, wir erwarten sie schon seit Monaten und die Veröffentlichung wurde immer wieder verschoben, die Majors spielen eben Ihr eigenes Spiel, mit eigenen Interessen,...

Step by Step...

Schönes WE!

[gabbo62]

News von gestern Abend - das Stühlerücken geht weiter.

HRT - Changes in the management team


RIO DE JANEIRO, June 7, 2013 /CNW/ - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP), announces to its shareholders and to the market that, at a Board of Directors` Meeting held on this date, its Board members were informed about both resignations of Mr. Carlos Tersandro Fonseca Adeodato from the HRT`s Chief Financial Officer and Investor Relations Officer positions, and Ms. Maria Emilia de Azevedo from the Company´s Chief Administrative Officer position.

To the position of Chief Financial Officer and Investor Relations Officer of HRT, the Board of Directors approved the appointment of Mr. Ricardo Bottas Dourado. The executive joined HRT in 2011, and at present he serves as the Planning and Business Development Executive Manager. Bottas has a 17-year professional experience, holding managerial positions in large companies, such as Neoenergia and Ernst & Young, in the Auditing, Treasury, Finance, Planning and Strategic Control departments. He holds a degree in business administration from Universidade Salvador (UNIFACS), with a graduate specialization in Corporate Finance from IBMEC-RJ.

To the position of Chief Administrative Officer, the Board approved the appointment of Mr. Luiz Eduardo Conde. The executive joined the Company in 2011, where he has served as Corporate Administrative Executive Manager, with responsibilities for the Human Resources, Legal, Information Technology, Supply Chain, Compliance, Local Content and General Services. He owns a 33-year managing experience in Administration, Organizational Development, and Finance areas for private companies, public institutions and international entities. He graduated in Business Administration from Escola Brasileira de Administração Pública e de Empresas (EBAPE) of FGV-RJ and also has a postgraduate certificate in Strategic Management and in e-Business at the same institution.

HRT hereby thanks Mr. Carlos Tersandro Fonseca Adeodato and Ms. Maria Emilia de Azevedo for their contribution in the period they honored the Company with their efforts since 2009 and 2011, respectively.

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

http://www.stockhouse.com/companies/stories/v.hrp/8891383

[2meterwaller]

Hat das einen besonderen Grund?

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.812.759 von 2meterwaller am 08.06.13 18:56:34

Good morning,

schlüssige Antwort dazu bei stockhouse:

Both of the departing people were MM's (Marcio Mello), and while I believe in his vision for Namibia, any new CEO should be allowed the opportunity to replace such persons.

As for the CFO leaving, most self-respecting US CEOs change CFOs within a year of assuming the position. Two months may be fast, but with Polvo and other things happening, it is probably better to move sooner than later. I am not surprised to see him leave, and in fact, I would have been surprised to see him stay. Accordingly, this does not smell like rats leaving a sinking ship – smells like SOP.

On the IR person, all I can say is that it’s about time. I believe that she has done a poor job of managing expectations. Let’s hope the next one can get the ear of the right analysts.

GL

[2meterwaller]

Na ja, ich denke so wird es auch sein. Wie ist es doch gleich mit den neuen Besen...?
Die MM Vertrauten müssen sich nach und nach ein neues Umfeld suchen.

Aber egal wer ihnen folgt und wie gut sie sind, letztendich läuft alles auf eine Frage hinaus:

Oil or not Oil!

[Drill-a-Hill]

Guten Morgen,

Bei einer Drill Rate von 80m/day wäre die Marianas heute bei einer Tiefe von 1391m (seabed) + 80m * 14 day (spudin 28/05) = 2511m



bei Wingat gab es schon:

"increasing concentrations of hydrocarbon shows present in the well below of the depth of 1,500 meters."

...da die Murombe Bohrung nur 15km entfernt ist, hat HRT wahrscheinlich auch hier schon jede Menge Oilshows gesehen, die Reservoirs groß genug um Milliarden Barrel zu speichern liegen aber erst bei einer Tiefe von 3670m (Baobab) und 5090m (Murombe),

bei selbiger Drill Rate könnte HRT um den 24 Juni auf ihr

"secondary objective, the Santonian aged Baobab confined channel complex with turbidite reservoirs"

treffen,

Bei der Wingat Bohrung fand HRT

"several thin-bedded-sandy reservoirs that are saturated by oil.",...

mit Bobab & Murombe wird HRT auf thick-bedded-sandy reservoirs stoßen, bleibt die Frage:

SATURATED BY BILLIONS OF BARRELS OF OIL?

HRT's CEO von HRT America - JOE PAUL
the source potential we had shown and we had proven has significant generative potential to create huge volumes of oil in the walvis basin and charge our prospects
as we continue with our exploration program, one final comment,
generally reservoirs and porosity are very easy to find and so that shouldn't be the big concern, whereas source rock, charge and migration pathways can be very difficult,
WE FOUND THE HARD STUFF BUT NOT THE EASY STUFF, SO I WOULD SAY WITH OUR FUTURE EXPLORATION WELLS
THE CHANCE OF FINDING RESERVOIR IS VERY HIGH
AS WE ALWAYS SEE RESERVOIR IN ANY BASIN WE DRILL IN AROUND THE WORLD

let's find the easy stuff now!!
Good Luck All

[links-zwo-drei-vier]

RT-Charts von "butzbutz":

__________





HRT-REALTIME-Chart/Kurse von der HEIMATBÖRSE São Paulo:
- selbst aktualisierend - (REAIS-BR)





HRT-REALTIME-Chart/Kurse von der Nebenbörse TORONTO:(GDRs)
- selbst aktualisierend - (CAD)

[DJHLS]

Und mal wieder etwas von Stan Holland auf Seeking Alpha:
http://seekingalpha.com/article/1491092-hrt-participacoes-ha…

Fazit: Hohes Risiko, aber noch höhere Chancen. Wenn auch diese Explorationsbohrung floppt, wird es HRP nochmal deutlich günstiger geben.

[gabbo62]

Ein neuer Großinvestor an Bord:

HRT Participações em Petróleo S.A - Acquisition of Material Equity Interest

RIO DE JANEIRO, June 10, 2013 /CNW/ - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP), pursuant to Article 12 of CVM Instruction No. 358/02, informs its shareholders and the market in general that, on June 07, 2013, it received a letter from the Putnam Investments, LLC Group ("Group"), informing about its material acquisition of common shares issued by HRT.

According to information provided in the referred letter, the investment management group, comprised of I.G. Investment Management ("IG"), Mackenzie Financial Corporation ("Mackenzie") and Putnam Investments, LLC ("Putnam"), all of them being investment management firms, subsidiaries of Power Corporation of Canada, informed that since May 21, 2013, as investment management firms, fund advisor and/or sub-advisor, the Group now owns 14,541,926 (fourteen million, five hundred forty-one thousand, ninety hundred twenty-six) common shares issued by HRT, which represents 4.89% of the total common shares issued by the Company.

In addition, the Group holds 3,125,455 (three million, one hundred twenty-five thousand, four hundred fifty-five) GDSs issued in Canada, which can be converted into 1,562,727 (one million, five hundred sixty-two thousand, seven hundred twenty-seven) common shares of HRT, representing 0.53% of the total common shares issued by the Company.

Thus, the Group jointly owns 16,104,653 (sixteen million, one hundred four thousand, six hundred fifty-three) common shares, which constitutes a participation of 5.42% of the total common shares issued by the Company.

Additionally, the investors informed that all shares held by the Group were acquired and are held simply for an investment purpose. These shares, as well as other shares that may be acquired in the future, have no purpose to change the control composition or the administrative structure of HRT.

http://www.stockhouse.com/companies/stories/v.hrp/8893861

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.822.693 von DJHLS am 10.06.13 22:24:17

Guten Morgen,

Die Chancen für P90 sind natürlich besser & die Volumen immer noch gigantisch,

Hier, mit selbiger Methodik, die Chance of Success bezogen auf P90 der jetzigen Murombe Bohrung



mit den prospects Baobab & Murombe, wobei ich auch einschließe daß im Falle einer discovery bei Baobab Öl und kein Gas gefunden wird und die Chance bei einer discovery bei Murombe die Chance auf Öl oder Gas 50:50 ist, für Baobab nehme ich auch die P90 von Wingat da sie ähnlicher Größe sind und ich die genauen Zahlen auch nicht kenne(Sivaradi lassen ich außen vor da ich die Zahlen nicht kenne und keinen Vergleich habe, würde die Chance natürlich erhöhen...):

MUROMBE-1 WELL: COS 23,5%
P90 : 996 MMBO

WINGAT-1 WELL: "Baobab" COS 26% 
P90 : 277 MMBO

P90 OIL
Baobab 23,4%
Murombe 10,6%
1-(0,766*0,894)= 31%

Die Chance bei der jetzigen Murombe Bohrung auf einen P90 Öl Fund oder größer liegt bei 31%

P90 OIL or GAS
Baobab 23,4%
Murombe 21,2%
1-(0,766*0,789)= 40%

Die Chance bei der jetzigen Murombe Bohrung auf einen P90 Öl oder Gas Fund oder größer liegt bei 40%

____________________________________________________________________________


(Assumed Baobab possible volumes equal to D&M Wingat estimation)

Baobab P90 oil success=277 mmbo x $7/bbl x 86% ownership / 657 fully diluted shares = $2,54/share

Baobab P50 oil success = 772 mmbo x $7/bbl x 86% ownership / 657 fully diluted shares = $7/share

Baobab P10 oil success = 2112 mmbo x $7/bbl x 86% ownership / 657 fully diluted shares = $19,35/share

Murombe P90 oil success = 996 mmbo x $7/bbl x 86% ownership / 657 FD shares = $9,12/share

Murombe P50 oil success = 2877 mmbo x $7/bbl x 86% ownership / 657 FD shares = $26/share

Murombe P10 oil success = 7818 mmbo x $7/bbl x 86% ownership / 657 FD shares = $71/share

____________________________________________________________________________

Wobei ich denke das die Chance of Success vorallem für Baobab inzwischen weit höher als 26% liegt nachdem HRT proven sourcerocks, welche die shallower prospects mit gigantischen Mengen an Öl füllen können, mit der Wingat well bestätigt hat...

GLA

[DJHLS]

Und Putnam Investments baut seinen Anteil an HRT aus: http://www.stockwatch.com/News/Item.aspx?bid=Z-C:HRP-2079277

Dennoch gibt es zu 0,53-0,55 CAD genügend Verkäufer.

[Drill-a-Hill]

Namibia...





Do we have oil or not?, 3tes Video Minute 1:46

[Drill-a-Hill]

bevor jemand einen Schock bekommt, es geht um die Wingat Bohrung...

Zitat von Drill-a-Hill: Namibia...





Do we have oil or not?, 3tes Video Minute 1:46

[Drill-a-Hill]

Guten Morgen,

ich habe Post von HRT, hatte angefragt ob Baobab wirklich wie in der SpudIn NR zwischen den 2 proven source rocks liegt:

Thank you for your e-mail.

You are correct. Baobab is above 2 proven source rocks and above a 3rd, uproven source rock.

In order to avoid any misunderstandings, we will adjust the information in the press release.

Also kein source rock über Baobab
Damit hat Baobab die besten Chancen gefüllt zu sein,

Joe Paul hatte bei der Telefon Konferenz gesagt das vor der Bohrung die Sourcerocks, Charge & Migration das größte Risiko dargestellt hatten, und Reservoir das niedrigste Risiko, Tja es war genau umgekehrt, alles war da nur kein Reservoir, bzw keine Porosität in Wingat-Reservoir, ansonsten gab es ja einige thin-bedded-sandy-reservoirs mit guter porosity und gefüllt mit Öl,

Die Chance of Success für Baobab war zu dem Zeitpunkt ca bei 26%, sie dürfte beträchtlich angestiegen sein, jedoch gab es dazu noch kein Update,

Für die laufende Bohrung nehme ich eine über 50%ige Wahrscheinlichkeit an Hydrocarbons zu finden,
mit P90 Volumes (90% Wahrscheinlichkeit dieses Volumen anzutreffen)berechnet welche mit Murombe immernoch bei fast 1bn boe liegen:

Baobab COS 26% P90 23,4%
Murombe COS 23,5% P90 21,15%

Chance of Success to find hydrocarbons (P90) in Baobab or Murombe
1- (0,766*0,7885) = 39,6%

(Assumed Baobab possible volumes equal to D&M Wingat estimation)

Baobab P90 oil success=277 mmbo x $7/bbl x 86% ownership / 657 fully diluted shares = $2,54/share
+480% from yesterdays closing price

Murombe P90 oil success = 996 mmbo x $7/bbl x 86% ownership / 657 FD shares = $9,12/share
+1821% from yesterdays closing price

+ if we include Sivaradi with a COS (which we don't know) of let's say 20% P90 18%

Chance of Success to find hydrocarbons (P90) in Baobab, Murombe or Sivaradi
1- (0,766*0,7885*0,82) = 50,5%

und angenommen Baobab's COS ist auf 40%, P90 36%, gestiegen
1- (0,64*0,7885*0.82) = 58,6%

GLA

[gabbo62]

Vielen Dank an Dich, Drill-a-Hill, für die vorzügliche Aufbereitung und Informationsweitergabe. Klasse Job.

Der gecancelte CFO (NR 07.06.) ist wohl nicht freiwillig gegangen. Das ist zumindest meine Erklärung für den Verkauf von 145k - vermutlich sein gesamter Bestand.

Quelle: wwww.canadianinsider.com

Jun 12/13 Jun 11/13 Adeodato, Carlos Tersandro Direct Ownership Common Shares 10 - Disposition in the public market -145,000 $0.966
USD
Jun 7/13 Apr 25/13 Adeodato, Carlos Tersandro Direct Ownership Common Shares 51 - Exercise of options 7,733 $1.02
USD
Jun 7/13 Apr 25/13 Adeodato, Carlos Tersandro Direct Ownership Options 51 - Exercise of options -7,733 $1.02
USD

[gabbo62]

Quelle: Allgemeine Zeitung Namibia (Dt-sprachig)

Do, 2013-06-13 09:33 — Allgemeine Zeitung

Nach HRT beteiligen sich mehr Firmen an der Ölsuche

Alle Augen schauen auf Namibia: Der Ölfund von der brasilianischen Firma HRT Participações em Petróleo S.A. vor gut einem Monat war ein Wendungspunkt in der namibischen Ölexplorationsgeschichte. Jetzt gibt es großes Interesse von internationalen Firmen.

Die brasilianische Firma HRT Participações em Petróleo S.A. hat jetzt Geschichte geschrieben und zum ersten Mal bewiesen, dass es vor Namibias Küste Öl gibt (AZ berichtete). Obwohl das Vorkommen an der Fundstelle nicht sehr ergiebig war, zeigt sich die Firma sehr zuversichtlich. Anfang Juni kündigte HRT an, dass neue Bohrungen durchgeführt werden sollen. Das erwartete Vorkommen liegt in dem Gebiet bekannt als Murombe-1, das sich etwa 15 Kilometer östlich von HRTs erstem Bohrgebiet (Windgat-1) befindet, etwa 200 Kilometer nordwestlich von Walvis Bay.

Nur wenige Tage nach dieser Ankündigung wurde bei anderen Explorationsfirmen großes Interesse erregt. „Tower Resources (LON:TRP) ist über die Ankündigung von einer anderen Firma ermutigt“, teilte dieses Unternehmen im Mai schriftlich mit. Und: „Derweil Windgat kein Homerun war, präsentiert dieser Fund einen Meilenstein in der Ölexploration von Namibia, weil es zuvor viele Enttäuschungen gab.“ Tower Resources wolle aus diesem Grund bald mit den ersten Bohrungen beginnen. „Obwohl die Erfolgsquote bei Bohrungen mit vielen Faktoren verbunden ist, wird das Ergebnis von HRT viele andere Explorationsvorhaben ermutgien“, wird Tower-Vorsitzender Jeremy Archer zitiert. Und: „Wir sehen den Ergebnissen von Murombe-1 zuversichtlich entgegen.“

Auch die Firma Labat Africa schaut jetzt intensiver auf Afrika. In einer schriftlichen Erklärung heißt es: „Labat Africa will der Hauptanteilseigner von fünf Explorationsgebieten werden.“ Doch nicht nur Namibia ist für Labat interessant, da die Firma auch in Namibias Nachbarstaaten investieren wolle. „Die Bestätigung von Öl und die Lage in unmittelbarer Nähe von unseren Explorationsgebieten in Namibia hat uns angespornt, positiv nach vorn zu schauen.“

Ein weiterer Interessent in der Ölexploration ist die Firma Gondwana Gold Inc., die ebenfalls sehr positiv in die Zukunft blickt. „Das geringe Vorkommen von Windgat ist für uns kein Problem, weil unser Ziel tiefer liegt und es ein besserer Kandidat für große Reserven ist“, teilte diese Firma ebenfalls im Mai schriftlich mit. Seismische Messungen lägen bereits vor. Und: „Das HRT-Vorkommen untermauert die Ansicht der Firma, dass es ein Qualitätsreservoir in unmittelbarer Nähe gibt.“

Derzeit gibt es knapp 30 verschiedene, vor allem internationale Unternehmen, die sich an der Suche nach Rohöl vor der namibischen Küste beteiligen. Besonders intensive Untersuchungen wurden von der Firma Chariot Oil und Gas durchgeführt.

Von Erwin Leuschner, Swakopmund

http://www.az.com.na/wirtschaft/linteresse-steigt-rapide.410…

[Matte0771]

Hola,

Schön zu lesen, aber die Euphorie spiegelt sich im Kurs leider

nicht wieder. Ich hoffe der Boden ist nun gefunden.

Viel Verunsicherung trotz der guten Aussichten...

Grüsse aus Spanien

[DJHLS]

Zitat von Drill-a-Hill: Guter Zeitpunkt in HRT einzusteigen bzw. aufzustocken,

Der Market Cap entspricht momentan Punktgenau den Cashreserven,
also wo liegt hier im worstcase der downside nach den Murombe Ergebnissen?

Final Cash Q1/13 war R$829mio (R$2,8/share)

angenommene CashBurn Rate in Q2 ca. R$2,9mio/day *66days
Todays Cash sollte R$637,6mio (R$2,15/share) sein

angenommene CashBurnrate in Q2 ca. R$2,9mio/day * 91days +
angenommene CashBurnRate in Q3 of R$1,5mio/day * 42 days
Cash am 11 August (72 days nach spud in Murombe) sollte R$502,1 (R$1,69/share) sein

...beinhaltet keine revenues vom Verkauf von Air Amazonia... ca. + R$130mio (+ R$0,44/share)

mögliches worst case scenario im Falle eines "Dry wells": -21,76% with murombe results from yesterdays prices

möglicher Upside THE SKY IS THE LIMIT

GLA

The Sky may be the limit, but the question question fpr the share price is, where it will find a bottom.

Market Cap liegt nun schon deutlich unter den Cashreserven und das, obwohl noch gar kein weiterer Fehlschlag gemeldet werden mußte.

Sollte Murombe floppen und die Wahrscheinlichkeit spricht ja dafür, dürfte es wohl deutlich tiefer gehen als bisher für wahrscheinlich gehalten.

[SevenNation]

!

Dieser Beitrag wurde von CloudMOD moderiert. Grund: weitere Negativszenarien ohne Fakten und Beweise, vorsätzliche Verunsicherung

[Drill-a-Hill]

Hallo,

Freitag Morgen ist ein von HRT genutzter Helikopter abgestürzt,
leider gab es zwei Tote, mein Mitgefühl geht an Familie, Freunde und Kollegen!

HRT sagte auf Anfrage, daß der Unfall den Verkauf Ihrer Fluggesellschaft Air Amazonia nicht beeinträchtige, da der Helikopter nicht Bestandteil der Gesellschaft war, sondern von HRT O&G.

DaH

[Drill-a-Hill]

Zitat von Drill-a-Hill: Hallo,

Freitag Morgen ist ein von HRT genutzter Helikopter abgestürzt,
leider gab es zwei Tote, mein Mitgefühl geht an Familie, Freunde und Kollegen!

HRT sagte auf Anfrage, daß der Unfall den Verkauf Ihrer Fluggesellschaft Air Amazonia nicht beeinträchtige, da der Helikopter nicht Bestandteil der Gesellschaft war, sondern von HRT O&G.

DaH

link, übersetzt mit google

http://translate.google.com/translate?hl=de&ie=UTF8&prev=_t&…

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.855.505 von DJHLS am 15.06.13 13:58:49

Guten Morgen,

Final Cash Q1/13 war R$829mio (R$2,8/share)

angenommene CashBurn Rate in Q2 ca. R$2,9mio/day * 77 days
Todays Cash sollte R$605,7mio (R$2,04/share) sein...

Ok, am Freitag haben wir bei R$1,87 geschlossen 8% unter heutigem Cash

Grund dafür dürfte der tragische Unfall gewesen sein, es wurde auch unter sehr niedrigem Volumen gehandelt,

NEWS RELEASE ACCIDENT WITH HELICOPTER
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&tipo=3…
The company reports, with regret, that 2 (two) employees were in the aircraft and there were no survivors

bei solchen Nachrichten zeigt sich was im Leben wirklich wichtig ist, nochmal mein Mitgefühl und meine Gedanken sind bei Ihren Nächsten!

-------------------------------------------------------------------------------

...meine Erwartungen hinsichtlich der SP performance bezogen auf die laufende Murombe Bohrung stehen,



die Achterbahnfahrt hat begonnen,
es gibt immens hohe Ausgaben, aber auch immens große Reservoirs mit Milliarden boe an prospective Resources,
high risk - high reward

ich erwarte noch im Zuge der Bohrung und bei gutem Klima eine Steigung auf bis zu R$3 (+60% von R1,87), da

- wir momentan unter Cash traden,
- "CompanyChanger"-hafte Bohrungen am laufen sind,
- Entscheidungen bezüglich der Monetization der Gasreserven bevorstehen
- und der Verkauf von AA (+ R$130mio) mit diesem Quartal finalisiert werden sollte

abgesehen davon, standen wir vor nicht allzu langer zeit noch über R$3,

Falls entgegen der Erwartungen Murombe komplett dry ist, könnte HRT im "worst case" auf um die R$1,69 zu fallen
(entspricht den voraussichtlichen Cash am 11/08/13 wenn die Bohrung abgeschlossen sein sollte)
- 44% von R$3,
- 10% von R$1,87 (Kurs von Freitag dem 14/06/13)

"please note" in Q3 wird die CashBurnRate um 50% dramatisch sinken:



Bzw bei könnte HRT bei einer Discovery auf R$8,77 - R$22,22 steigen
(shareprice + einer Milliarde boe zu $1-$3/boe bewertet)
+ 192% bis + 640% von R$3
+ 369% bis + 1088% von R$1,87 (Kurs von Freitag dem 14/06/13)

Ich gehe von durschnittlich mind. 1bn boe aus was Baobab & Murombe betrifft, relativ konservativ im Erfolgsfall


Schönen Sonntag noch

[Matte0771]

[Matte0771]

Antwort auf Beitrag Nr.: 44.873.035 von Matte0771 am 18.06.13 21:16:04

Das ist der Platzhalter für den Kurs.

Ich kriegs mit dem I Phone nicht hin

Aber wir steigen

[links-zwo-drei-vier]

RT-Charts von "butzbutz":

__________





HRT-REALTIME-Chart/Kurse von der HEIMATBÖRSE São Paulo:
- selbst aktualisierend - (REAIS-BR)





HRT-REALTIME-Chart/Kurse von der Nebenbörse TORONTO:(GDRs)
- selbst aktualisierend - (CAD)

[tnzs72]

Erste oil-/ gasshows, 4. farm-out offshore Namibia oder gas monetization ahead?

Spannend!

Gruß von
tnzs

[Drill-a-Hill]

Guten Morgen,

heftiger Kursanstieg gestern, allerdings gab es letzte Woche auch mächtigen Druck auf den Share Price, nachdem ich in diversen Foren über aktuelle Shortvolumen in HRP (GDRs in USA und Canada) gestolpert bin, denke ich daß der Grund für den 20%igen Anstieg unter moderatem Volumen am ehesten an einem

1. "Short Squeeze"

liegt.

Möglich sind auch anstehende Nachrichten aus Brazil:

2. AirAmazonia deal unter Dach und Fach
3. Gas Monetization Verhandlungen tragen erste Früchte
4. FarmDown in Brazil und Drilling Plan in Solimoes
5. Polvo-Deal mit BP unter Dach und Fach

Am liebsten wäre uns allen:

6. FarmDown in Namibia & Ankündigung der 4ten Bohrung des Meerkat prospects
7. Signifikante Oilshows in der laufenden Bohrung, vielleicht auch schon in Baobab

Ich denke (hoffe) das HRT jetzt wieder die R$3-R$4 angreifen wird,
Drücken wir die Daumen daß die Rally heute Nachmittag weitergeht!!

GLA

[Drill-a-Hill]

Air Amazonia Deal sollte in Q2 abgeschlossen werden:
(noch diesen Monat, presentation S.10, vom Käufer Erickson Air Crane)

http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9M…

bringt $65-$75mio, in Brazilianische Real R$130-R$150,

entspricht R$0,44 - R$0,51/share
bzw.
entspricht C$0,11 - C$0,13/GDR

wäre schön wenn es tatsächlich noch im Zuge der Murombe Bohrung klappt,

GLA

[Drill-a-Hill]

HRT shoots over 30% in 2 days with news of exploitation in Namibia - InfoMoney
http://translate.google.com/translate?hl=de&ie=UTF8&prev=_t&…
"Company may have already evidence of the result of drilling in Namibia"

sieht so aus als würde da jimmy von iii zitiert

GLA

[tnzs72]

Zitat von Drill-a-Hill: "Company may have already evidence of the result of drilling in Namibia"

sieht so aus als würde da jimmy von iii zitiert

GLA

Jo das hat Jimmy gestern abend auf dem iii-Board geschrieben, mittlerweile kann man das querbeet worlwide lesen, wird unter anderem auch auf Hotcopper im einem Thread zu PCL zitiert, schon krass, wie klein die Welt durch das Internet geworden ist.

Noch krasser finde ich aber, dass Jimmy auf dem ii-Board was schreibt, das von dem Blog Helios Chariot aufgegriffen wird, und dieser wiederum als "Experte" zitiert werden.

Absolut verrückt, aber egal wenn der Kurs dadurch steigt.

Exciting times ahead!

Gruß und entspannten Abend
wünscht tnzs

[DJHLS]

Heute war nicht mehr drin. Der Kurs wollte hoch, aber ohne belastbare Neuigkeiten hat der marktbreite Trend heute auf HRT keine Rücksicht genommen. Dagegen konnte HRT nicht an.

Ist aber sowieso egal. Ohne ein commercial viable well wird es für HRT nicht nur nicht nach oben, sondern kräftig abwärts gehen. CHAR und Galp tendierten heute etwas fester, aber auch da war nichts im Kurs zu sehen, was auf einen nachhaltigen Aufschwung bei HRT hätte schließen lassen.

Der rührige Jimmy kann zwar mal ein Strohfeuer verursachen, damit er oder seine Auftraggeber nochmal etwas abladen kann, aber was zählt sind nun einmal belastbare News.

[Matte0771]

http://mobile.bloomberg.com/news/2013-06-19/hrt-rises-to-thr…

[Drill-a-Hill]

NR "result of speculative movement"
SHORT SQUEEZE imo

New Release - Clarification on CVM/BOVESPA Official Letter BM&FBOVESPA GAE 2676/13
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=…

"Dear Sirs,
Pursuant to the Official Letter GAE 2676/13 as of June 18, 2013 ("Letter"), in which the Company
has been asked to present information about any fact known by itself that could justify the
recent flotation on negotiations with shares issued by HRT Participações em Petróleo SA ("HRT"
or "Company"), we hereby inform that the Company has not identified the occurrence of any
Material Fact pending of disclosure or any other event that could cause such flotation.
Therefore, HRT believes that the only fundament able to justify the above mentioned flotation
might be a result of speculative movement, absolutely foreign to the Company.
Sincerely,
Ricardo Bottas Dourado dos Santos
CFO and Investor Relations Officer"Sedar

[links-zwo-drei-vier]

RT-Charts von "butzbutz":

__________





HRT-REALTIME-Chart/Kurse von der HEIMATBÖRSE São Paulo:
- selbst aktualisierend - (REAIS-BR)





HRT-REALTIME-Chart/Kurse von der Nebenbörse TORONTO:(GDRs)
- selbst aktualisierend - (CAD)

[Drill-a-Hill]

Guten Morgen,

Maersk Traveller & Siem Louisa schippern heute Morgen um die Transocean Marianas herum...

"Destination Marianas"

Casings?
Crew change?

Maersk Traveller
http://www.marinetraffic.com/ais/default.aspx?mmsi=220591000…
Siem Louisa
http://www.marinetraffic.com/ais/default.aspx?mmsi=258666000…

GLA

[Drill-a-Hill]

JP Morgan keeps HRT "neutral" recommendation

http://energy.seenews.com/news/jp-morgan-keeps-hrt-neutral-r…

JP Morgan raised HRT's price target to BRL 2.5 from the previous BRL 1.5, but their value may jump four times in case of a commercial discovery in Namibia. Hence, a discovery of 400 million barrels in Namibia, in line with the estimated potential of Murombe well, may boost HRT's stock to between BRL 6.0 and BRL 8.0.

Wie kommen sie auf 400mio boe???

Die eigentlichen Volumen (laut jüngster presentation v. HRT) sind:

 P90 : 996 MMBO
 P50 : 2,877 MMBO
 Pmean : 3,830 MMBO
 P10 : 7,818 MMBO

nach JP Morgans Berechnungen könnte eine "discovery of 400 million barrels" HRT's share price zwischen BRL 6.0 und BRL 8.0 katapultieren( von ca. BRL 2)

das würde einen Anstieg von BRL 4.0 bis BRL 6.0 entsprechen

das entspricht wiederum einer
Reaktion des share price auf eine discovery
mit einer Valuierung pro barrel:

(* 297mio shares / 400mio boe)
= zwischen BRL 3.0 und BRL 4.5/boe

Nimmt man die eigentlichen Volumen von Murombe und
multipliziert sie mit JP Morgans BRL 3.0 to BRL 4.5/boe
würde das den share price um einiges höher katapultieren:

P90 : 996 MMBO
* (between BRL 3.0 to BRL 4.5/boe) / 297 mio shares + current SP =
between BRL 12 and BRL 17

P50 : 2,877 MMBO
* (between BRL 3.0 to BRL 4.5/boe) / 297 mio shares + current SP =
between BRL 29 and BRL 45

Pmean : 3,830 MMBO
* (between BRL 3.0 to BRL 4.5/boe) / 297 mio shares + current SP =
between BRL 40 and BRL 60

P10 : 7,818 MMBO
* (between BRL 3.0 to BRL 4.5/boe) / 297 mio shares + current SP =
between BRL 81 and BRL 120

, nicht zu vergessen das hier die prospects Baobab und Sivaradi nicht berücksichtigt wurden!
Baobab zB hat Pmean prosp. res. von über 1 Milliarde boe

GLA

[DJHLS]

Und gibt es da vielleicht eine noch günstigere Alternative, Offshore Namibia zu spielen als Galp, HRT und Chariot?

http://www.aktiencheck.de/kolumnen/Artikel-Westbridge_Energy…

[tnzs72]

Nach dem Anstieg in den letzten Tagen ist Westbridge erstmal wieder am Fallen.

Aufgrund dessen, dass ehemalige Leute von UNX mit dabei sind, evtl. ernst zu nehmen und deshalb seit geraumer Zeit auf meiner WL.

Schönes WE wünscht
tnzs

[motz1]

Antwort auf Beitrag Nr.: 44.898.773 von DJHLS am 21.06.13 21:17:35

Westbridge wird gerade vom allerfeinsten gehyped. Du kannst die nicht ernsthaft mit den drei genannten vergleichen.

Bei Westbridge ist noch nicht mal der ROPAT-Deal durch. Momentan ist Westbridge noch ein Börsenvehikel mit guten Absichten und ein paar fähigen Köpfen.

[Drill-a-Hill]

Guten Morgen,

ich glaube nicht das HRT Baobab bereits erreicht hat und habe darüber bereits auf

http://investorshub.advfn.com/boards/read_msg.aspx?message_i…

geschrieben (angenehmes Klima dort, im Gegenteil zu stockhouse):

BAOBAB 28,5 days (06/30/13)

I don't think we are in the payzone yet:

In the 1Q13 Results CC from 05/15/2013

Joe Paul stated HRT have already reached 5000m
from this information we can assume 4000 m was drilled in approximately 50 days
that confirms ooleum's estimation of drilling 80m/day in average

As HRT stated:

The Baobab reservoir is expected to be encountered at 3,670 m depth below sea level and
the Murombe reservoir is expected to be encountered at 5,090 m depth below sea level.
Murombe-1 will be drilled to a projected total depth of 5,360 m by the semi-submersible Transocean Marianas (NYSE:RIG).
The total time estimated to complete the operations is approximately 72 days. (in 1,391 m of water depth)

drilling 80m/day in average would take

Baobab (3670m - 1391m)/80m = 28,5 days (06/30/13)

Milton Franke said in the wingat results CC
minute 07:25 CC wingat-results

HRT today after results of Wingat is analysing to adjust our drilling plan for the Murombe well including the casing of the well and the running of production tests to evaluate eventual flow rates and then work on economic model to evaluate the commerciality of the well. (they didn't plan that for wingat)

if there is something worth to test @ Baobab,
and I bet there is, because of the 2 proven oil generating source rocks above Baobab,
I assume about 10 days for testing before continuing the drill to reach Murombe

Murombe (5090m - 1391m)/80m = 46 days + 10 days = 56 days (07/26/13)
if there is something worth to test @ Murombe
I assume about 10 days for testing

total depth, Sivaradi (5360m - 1391m)/80m = 50 days + 20 days = 70 days (08/09/13)

GLA

& Schönes Wochenende

[Drill-a-Hill]

WE FOUND THE HARD STUFF



let's find the easy stuff now (reservoir)

GLA & schönen Sonntag

[Drill-a-Hill]

Habe mail von HRT:

"Thank you for your interest in our company.

The answer for “is HRT planning "to include casing and run production tests, to evaluate flowrates" for Murombe well, in case of hitting potential payzones?” is :

No. HRT Murombe well drilling plan includes full logging of the section drilled through, the sidewall sampling of eventual oil bearing reservoir rocks as well as wireline testing, both, pressure measurements and fluid sampling. With this set of information in hands, HRT will be able to evaluate the well results."

GLA,
Baobab sollte diese Woche erreicht werden,
fingers crossed for good POROSITY

[DJHLS]

Antwort auf Beitrag Nr.: 44.915.105 von Drill-a-Hill am 25.06.13 10:28:44

Der Kurs deutet nur eher darauf hin, das bad news von durchleaken, d. h. entweder die crew oder die company hohe news-porosity aufweist...

[Matte0771]

Antwort auf Beitrag Nr.: 44.916.375 von DJHLS am 25.06.13 13:10:11

Doppelboden, ab nach oben.

Also mir gefällt der Kurs

[links-zwo-drei-vier]

RT-Charts von "butzbutz":

__________





HRT-REALTIME-Chart/Kurse von der HEIMATBÖRSE São Paulo:
- selbst aktualisierend - (REAIS-BR)





HRT-REALTIME-Chart/Kurse von der Nebenbörse TORONTO:(GDRs)
- selbst aktualisierend - (CAD)

[Drill-a-Hill]

Good morning



+25% - Baobab erreicht? good Porosity?

erstes von 3 Targets in der Murombe well
Pmean Unrisked Gross Prospective Resources
> 1 Milliarde Barrel of Oil

GLA

[Drill-a-Hill]

von Grizzle, stockhouse

Credit suisse..25/06..
LATAM RECAP optionality for free Think about this one. HRT's pure-play exploration thesis has always been high-risk, high-reward. Since the IPO, most focused on the potential high-reward and few on the downside risk if the 'unlikely' scenario que 12 consecutive wells failed to prove the company's geological thesis materialized.
We turn que argument upside down, and make the case que the risk for equity investors is now lower, not due to de-risked geology but due to the depressed share price que offers limited downside scenario in the HRT does not find oil or monetises its gas.
With the shares trading below cash by end 2013, we see a free option on a number of fronts.
The Brazilian market is down 24% over the past month, one of the worst performers globally. This arguably does not create the mood for small cap stocks such as HRT. We can not predict When que mood will change (Neutral, TP lower to U.S. $ 3.4 - see Exh 5), but we do think it has created an interesting share price Free option.
HRT's cash by end of Q1 was £ 2.8/sh. If HRT spends more money on two dry-wells and seismic in Namibia in Solimoes, we see cR $ 2.0/sh value by year end of £ 1.2/sh Comprised of cash and assets of U.S. $ 0.8/sh HRT is already selling or trying to. With the current share price at £ 1.9/sh, investors are getting Octopus (£ 0.9/sh), the Solimoes gas project (£ 1.0/sh) and Namibia (£ 6.3/sh) for free.
That's good optionality in our view. Even without any of these oil & gas assets, there is hidden value for the corporate buyer to benefit from HRT's current tax credits and potential tax benefits due to writedowns intangibles, worth £ 2.1/sh Further in our view. Avoiding the trap. We acknowledge it is easier to Identify 'value' than it is to avoid a value trap.
In HRT's case, we see a 2013 filled with events to put to test the optionality we see in the shares: (1) Two more Namibian wells (Murombe in August and Moosehead in November), (2) Clarity on Solimoes gas monetisation mid- year, (3) Trigger of TNK-BP milestones alongside gas monetisation solution, (4) Imminent cashflows from Octopus, after the ANP approval, (5) Further farm-outs and divestments.
We see potential for HRT to be worth $ cR 3.0-10/sh depending on degree of success on these fronts.

[tnzs72]

Hola!

Heute veröffentlicht. Interessant nicht so sehr die Details zu Ölexploration und -förderung, sondern vielmehr die Konferenz und dass sich Namibia allem Anschein nach bereits auf eine Zukunft als erdölexportierendes Land vorbereitet.

Man kann Namibia nur wünschen, dass sie dabei nicht über den Tisch gezogen werden und wir können uns - denke ich, hoffe ich - langsam entspannen.

Remember, they already found the the hard stuff ...

Gruß und schönen Abend,
tnzs
_____

Quelle: http://www.az.com.na/wirtschaft/auf-l-und-gas-vorbereiten.41…

Auf Öl und Gas vorbereiten
Mi, 2013-06-26 09:29 — Allgemeine Zeitung
Internationale Experten tauschen sich in Windhoek aus - Angola zeigt Interesse

Nach dem bestätigten Ölfund des brasilianischen Konzerns HRT wird das potenzielle Geschäft mit fossilen Brennstoffen in Namibia immer bedeutender. Deshalb haben die staatliche NAMCOR-Gesellschaft, das Bergbauministerium und die Firma Serica Energy ein Seminar veranstaltet.

Internationale Experten haben sich im Rahmen eines Seminars zu Wochenbeginn in Windhoek mit verschiedenen Aspekten der Öl- und Gasindustrie auseinandergesetzt. Der Kursus konzentrierte sich u.a. auf Geologie, Geophysik, Ingenieurwesen, Bohrungen und Mineralölwirtschaft und wurde vom hiesigen Ministerium für Bergbau und Energie und der staatlichen Gesellschaft NAMCOR sowie dem Unternehmen Serica Energy veranstaltet.

Kenntnisse auf diesem Gebiet seien von großer Bedeutung, „insbesondere vor dem Hintergrund des kürzlichen Ölfunds“, erklärte NAMCOR-Geschäftsführer Obeth Kandjoze in seiner Willkommensrede. Er warnte aber auch vor den Gefahren einer Nutzung dieser fossilen Ressource, zumal es in Entwicklungsländern „große Probleme“ mit dem dazugehörigen Gewerbe gegeben habe. Kandjoze erklärte zudem, dass aufgrund des Vorkommens von organischen Materialien die Wahrscheinlichkeit von Öl- und Gasvorkommen relativ hoch sei. NAMCOR wolle sich verstärkt auf dieses Geschäft vorbereiten und dabei seine eigene Kapazität ausbauen sowie in zusätzliche Einrichtungen investieren.

„Namibia ist noch sehr unerforscht“, erklärte der Geologe James Cheeseman von der britischen Firma Tullow Oil, die in Namibia zu 31% am Kudu-Gasprojekt beteiligt ist. Während es vor Namibias Küste zwischen zehn und 20 Bohrungen gebe, sind es laut Cheeseman in der Nordsee beispielsweise über 40000. Somit sei das namibische Öl-Potenzial noch recht ungewiss, trotz des bestätigten Vorkommens der Firma HRT. Cheeseman zufolge beträgt der weltweite Ölverbrauch 84 Millionen Barrel am Tag (1 Barrel = 159 Liter) - „damit könnte jeder Namibier 36 Ölbäder am Tag nehmen“, so der Geologe.

Eines der Probleme in Namibia sei die Meerestiefe. Weil der Meeresgrund tiefer als 50 oder 100 Meter liege, kämen aufgrund der festen Verankerung sogenannte Jackup-Bohranlagen (Jack-Up Drilling Rigs) nicht in Frage. Alternativen böten u.a. Bohrungsschiffe (Drilling Ships) und Halbabtaucher-Bohrinseln (Semi-submersible Drilling Rigs), erklärte der Betriebschef der Firma Serica Energy, Mitch Flegg. Gewöhnlich beschäftige eine Bohrinsel rund 100 Arbeitskräfte. Ferner erklärte Flegg, dass man bei Bohrungen drei Varianten unterscheide: Eine Explorations-, eine Bestätigungs- oder Entwicklungsbohrung - die Bohrungen der Kudu-Gasfelder (Tiefe: 4300 Meter) vor Namibias Küste fallen laut Serica in die zweite Kategorie.

Mark Allen, Entwicklungsleiter bei Tullow Oil, sprach u.a. über Lagertechniken und Druckausgleich bei der Förderung von Öl. Wenn Öl gewonnen werde, müsse stets mit beispielsweise Wasser nachgepumpt werden, um den Druck des Vorkommens für maximale Ausbeute im Gleichgewicht zu halten. Derweil werde bei Erdgas ein anderes Verfahren angewendet: „Bei Gas werden die Vorkommen nicht aufgepumpt. Wenn das Gas abgepumpt wird, fällt der Druck und noch mehr Gas wird freigesetzt“, erklärte Allen. Tullow Oil erwarte für die Kudu-Gasfelder - die laut Allen zu 96% aus Methan bestehen - einen Ausbeutegrad von 70 Prozent.

Indes hat Angola Interesse an einer möglichen Ölförderung des südlichen Nachbarn bekundet. Man verfolge aufmerksam die Entwicklung, sagte Angolas Petroleum-Minister José Maria Botelho de Vasconcelos gestern bei einem Besuch in Windhoek. Er rief dazu auf, „die Kräfte zu bündeln“ und warb für Unternehmenspartnerschaften von beiden Ländern.

Von Clemens von Alten, Windhoek

[tnzs72]

Ergänzend dazu:

Quelle: http://www.portalangop.co.ao/motix/en_us/noticias/economia/2…

6/26/13 2:16 PM

Angola
Oil Minister returns home from Namibia

Luanda - The Angolan Oil Minister, José Maria Botelho de Vasconcelos, returned on Wednesday to the country from Windhoek city (Namibia), where he signed on Tuesday afternoon a Memorandum of Understanding in the cooperation domains on oil and gas with the Namibian Minister of Mining and Energy, Isak Katali.

The accord aims at establishing an institutional Framework between the two parties, to facilitate and reinforce the bilateral cooperation in the oil and natural gas sector basing on win-win benefits, developing such cooperation in several fields.

The document will get into force as from the signing day and i tis valid for three years.

Angola and Namibia have excellent cooperation relations in bilateral Framework on the sectors of transports, agriculture, education, health, fisheries, defence, security, culture, sports and tourism, as well as under the regional integration in SADC, of which they are member countries.

[tnzs72]

Und finally:

NAMCOR holds seminar on Oil and Gas



Gruß von
tnzs

[DJHLS]

Antwort auf Beitrag Nr.: 44.926.877 von Drill-a-Hill am 26.06.13 16:15:47

Laut HRT haben sie "cash and cash equivalents" zum 31.3.2013 in Höhe von 49.409.000 BRL macht bei einem Wechselkurs BRL/USD von 0,44581 einen Betrag von USD 22.027.026,29.

Bei einer Anzahl von 296.185.963 Aktien macht das 0,074 USD cash per share.

Die angeblichen "£ 2.8/sh" sind ein Märchen.

current assets per share: 1,42 USD
net current assets per share: 1,10 USD
book value per share: 5,38 USD.

Können wir uns mal auf diese Realität einigen?

Wenn behauptet wird "Final Cash Q1/13 war R$829mio (R$2,8/share)" dann hätte ich in Zukunft gerne eine Quellenangabe. Laut Seite 15 des Quartalsberichts waren die Total current Assets in BRL: 944.726.000, cash&equivalents hingegne die besagten BRL 49.409.000.

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.929.105 von DJHLS am 26.06.13 20:01:01

S.37 Institutional Presentation
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=…



GL!

[Drill-a-Hill]

Zitat von DJHLS: Laut HRT haben sie "cash and cash equivalents" zum

Können wir uns mal auf diese Realität einigen?

Wenn behauptet wird "Final Cash Q1/13 war R$829mio (R$2,8/share)" dann hätte ich in Zukunft gerne eine Quellenangabe. Laut Seite 15 des Quartalsberichts waren die Total current Assets in BRL: 944.726.000, cash&equivalents hingegne die besagten BRL 49.409.000.

Cash and cash equivalents
49,409 mio
Marketable securities
637,911 mio
Guarantee deposits
141.443 mio
=
828,763 mio

Definition of 'Marketable Securities'

Very liquid securities that can be converted into cash quickly at a reasonable price.
Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

Guarantee deposits liegen zB bei Transocean für Marianas.


"Final Cash Q1/13 war R$829mio (R$2,8/share)" Seite 38 Institutional Presentation http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=…


GL!

[tnzs72]

Hallo und guten Morgen!

Fund auf Stockhouse: http://www.pennenergy.com/articles/pennenergy/2013/06/labat-…
_____

Labat becomes 3rd largest offshore acreage holder in Namibia
June 26, 2013
By PennEnergy Editorial Staff
Source: Labat Africa Limited

Labat Africa Limited is pleased to announce that following its news release on May 20, 2013 it has signed an agreement with Amicitia Holdings Limited(“the Vendor”) on 20 June 2013, in terms of which it will acquire the entire issued share capital of Palatina Petroleum Limited (“Palatina”) (“the Acquisition”) for an acquisition price of US$14 million (“the Acquisition Consideration”).

The Acquisition, which is subject to the satisfactory completion of a due diligence investigation and the fulfilment of other conditions precedent, will provide Labat with an 85% participating interest in a license issued by the Government of Namibia to Palatina, for the right to engage in the exploration and development of oil and gas in respect of leases numbered 1909, 2009 and 2414 in offshore Namibia spanning over 25000km2, in the Walvis and Lüderitz basins, making Labat the 3rd largest offshore acreage holder in Namibia behind HRT and Chariots. The remaining 15 % will be held by NAMCOR and a local Namibian Group.

Labat is aggressively pursuing the opportunity of acquiring an additional 3 licenses through Palatina Petroleum Limited, and is in the process of evaluating the prospect of another 4 leases offered to us by unrelated third parties. “We are very excited about the opportunity” says Labat CEO Brian Van Rooyen who is on his way to Namibia as part of the due diligence exercise.

There is obviously huge interest especially in the Lüderitz Basin where it is abuzz with industry activity. Companies have identified resources and have executed farm-in agreements. Labat together with GEM has entered into discussions with foreign players in exploring the possibility of farm-in agreements.

This, together with the recent HRT announcement and its continued drilling program has created a lot of interest amongst an array of current and prospective investors. Labat's shareholders and funders believe that it is an opportune time to acquire a substantial position in Namibia’s offshore oil and gas acreage for reasonable value prior to any further developments.

The Acquisition Consideration will be funded through draw downs at the companies discretion over a three year period against an agreed $100 million line of equity from GEM Global Yield Fund Limited and the issue of additional shares in Labat. Labat is well on its way to establishing a real oil, gas and energy operation in Sub Saharan Africa.

It is for this reason that Labat and its funders are also assessing the opportunity of acquiring some oil blocks in the Republic of Congo whilst discussions are under way with another group with a view to acquire substantial South African, proven gas reserves.

An Announcement to this effect will be made soon.
_____

Bisher habe ich noch keine Webseite zu denen gefunden, nur Pages auf Bloomberg usw. Wer sind die, was machen die, mit wem quatschen die sonst noch?

Exciting times ahead,
Gruß und guten Tag
wünscht tnzs

[DJHLS]

Antwort auf Beitrag Nr.: 44.929.915 von Drill-a-Hill am 26.06.13 21:17:48

Dann aber bitte beachten, dass HRT offenbar nicht auf cash sondern einen bestimmten Teil der current assets abstellt. Demenstprechend sind current liabilities abzuziehen, denn nur net cash ergibt eine sinnvolle Aussage.

current liabilities: 96.192.423,70 USD.

[Drill-a-Hill]

Baobab könnte jetzt jederzeit erreicht werden,
hoffen wir auf gute POROSITY und ein volles RESERVOIR



GLA

[tnzs72]

Hola!

Habe gerade mit der IR von HRT getelt und gefragt, ob sie dieses Mal ebenfalls bis zum Ende warten, oder ob sie auch schon zwischendurch ggf. Announcements rausgeben werden.

Hatte ich bei Start des Wingat-Drills ebenfalls gefragt, da hieß es definitiv wenn alles vorüber ist.

Dieses Mal wollen sie sich nicht festlegen, so die Dame von der IR, es kann sein, dass sie zwischendurch announcen, es kann sein, dass sie erst nach den 72 Tagen eine zusammenfassende News rausgeben.

Sie erklärte noch: Beim Wingat Drill gab es nur ein Target, dieses Mal gibt es drei, deshalb ist das noch ungewiss, letztlich hänge es aber von den Chefs ab, wie die entscheiden, sie wolle mir da jetzt keine falschen Hoffnungen machen.

Noch interessant: Ich hatte anfänglich erwähnt, dass es auf verschiedenen Boards Berechnungen gäbe, dass dieses Wochenende theoretisch Baobab erreicht werden könnte und dann gefragt, ob sie planen, diesmal auch zwischendurch News herauszugeben. Sie darauf zunächst sinngemäß: "You mean the calculations on Helioschariot, where they calculate the metres per day?"

Die lesen mit.

Und dann meinte sie noch sinngemäß, dass sie bezüglich der Berechnungen "on time" wären und dass die Berechnungen stimmten. Ich glaube sogar, dass sie sich da verplappert hat, denn das ist ihr irgendwie so rausgerutscht.

Ich habe dann noch darauf hingewiesen, dass es das letzte mal "rumours" zu gas-shows usw. gab, die sich im Nachhinein als richtig herausgestellt hatten und es doch besser wäre, wenn es da diesmal offiziell etwas gäbe.

Mal gucken, ob es etwas gebracht hat.

Schönen Abend
wünscht tnzs

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.939.897 von tnzs72 am 27.06.13 21:21:49

Hola!

thank's for sharing, die Spannung wächst,
Volumen heute sehr niedrig, denke morgen nicht anders,

Wochenende wird laaaang

POROSITY PLEASE

schönen Abend noch!!

[Drill-a-Hill]

War an der Zeit das die Institutional Investors es endlich kapieren:
, hier noch mal mit link

Who buys HRT share today leads all projects 'for free', says Credit Suisse
http://translate.google.com/translate?hl=de&ie=UTF8&prev=_t&…

[tnzs72]

Ah! Das heißt, dass Credit Swiss sich seine Posi zusammengekauft hat, alle Deals über die Bühne sind, und ab jetzt - zunächst etwas verhalten => "neutral", man soll ja nicht gleich mit der Tür ins Haus fallen - gepusht wird.



Nächste Woche wird spannend, ob oder ob nicht eine Zwischenmeldung kommt ...

Schönes WE
wünscht tnzs

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.942.251 von tnzs72 am 28.06.13 10:16:55

Ich denke auch wenn Baobab einige Meter payzone hergibt,
könnte HRT ein Update geben, aber wie du geschrieben hast:

letztlich hänge es aber von den Chefs ab,

Gibt es stark steigende Kurse unter hohem Volumen hat HRT wahrscheinlich keine andere Wahl und muss ein Announcement geben, so wie letzte Woche als HRT eine Anfrage zu den Kurssprüngen bekommen hatte:

http://ir.hrt.com.br/hrt/web/download_arquivos.asp?id_arquiv…
Q:
Due to the lately flotation of shares issued by your company, the increase in the amount of
trades and volume negotiated, as described below, we would like to be informed, until June 19,
2013 about any fact known by the company that could justify such flotation
A:
...the Company has not identified the occurrence of any
Material Fact pending of disclosure or any other event that could cause such flotation.
Therefore, HRT believes that the only fundament able to justify the above mentioned flotation
might be a result of speculative movement, absolutely foreign to the Company.

GL & Good Oil
& schönes WE

[Drill-a-Hill]

Tullow oil zu Source Rocks im Walvis Basin
http://www.observer.com.na/8-latest-news/1745-hrt-source-roc…

James Cheeseman, senior geologist at London-based Tullow Oil
“The fact that HRT were able to recover oil from the Wingat-1 well proves the existence of a source rock which has been subjected to the right pressure and temperature conditions to produce oil in an area historically believed to be gas prone.
This is very encouraging since it has de-risked at least one criteria necessary for a fully working oil system offshore Namibia. We await the results of HRT`s next two planned wells with great interest to see whether they can discover a fully working oil system, together with commercial volumes of oil,”

CFO for HRT, Martin Davis
“But we do have source rock which is operating what we call the ‘oil window’ which has actually produced oil– that’s a fact. So obviously, we couldn’t find commercial volumes but actually finding a reservoir is much easier than finding a source rock."
[/i]

[Matte0771]

Kurze Frage...

Was ist mit dem Kurs?

Hängt der nur bei mir?

Schönes WE

[Matte0771]

Antwort auf Beitrag Nr.: 44.948.221 von Matte0771 am 28.06.13 20:34:37

OK.

In Brasilien ist wohl eher Feierabend.

Gute Nacht

[tnzs72]

Hola!

@matte & all:

Kurs hing auch immer wieder bei mir, dachte schon "Trading Halt", dann ging es wieder weiter, dann hing der Kurs wieder ... schätze mal, dass da irgendwas mit dem Datentransfer von der brasilianischen Heimatbörse ins WWW nicht passt.

Schönes WE,
alles wird gut
tnzs

[Drill-a-Hill]

Minutes of the Board of Directors’ Meeting held on June 27-28, 2013
http://ir.hrt.com.br/hrt/web/download_arquivos.asp?id_arquiv…
Regarding the Namibia drilling campaign, Mr. John Willott asked Mr. Joseph Paul to
give a project summary.
Concerning the Farm-out, Joseph explained that some
negotiations are ongoing
and that Marianas rig is drilling the Murombe well as planned
(cost and time), also, the team is revisiting the costs and concluded that HRT could be
below budget.

Bloomberg Kurs:
HRTP3:BZ
http://www.bloomberg.com/quote/HRTP3:BZ
2.620 BRL +0.350 15.42%

Gute Nacht!

[Drill-a-Hill]

Gas Monetization Plan von HRT, Rosneft & Petrobras
Bald sollte die Studie beendet & veröffentlicht werden:

December 17, 2012 - The LOI signed on October 15, 2012 has now been amended to introduce the work plan agreed to amongst the companies, which will be further matured
over the next six months, starting January 2013
http://ir.hrt.com.br/hrt/web/download_arquivos.asp?id_arquiv…


HRT petroleo spielt mit seinen Discoveries in der oberen Liga und führt die Liste der besten flowrates für onshore gas in Brazil an:



In einem Interview von April diesen Jahres nimmt M.R.Mello dazu Stellung:
http://www.ubs.wallst.com/ubs/mkt_story.asp?docKey=1329-L2N0…
AMAZON GAS OPTIONS

Regardless of any discoveries in Namibia, he expects to generate revenue from natural gas in the Amazon with Russian partner Rosneft long before the benefits of any potential African fields.

HRT, along with Rosneft and Brazil's state-controlled oil company Petróleo Brasileiro SA (Petrobras) expects to have a plan to sell gas from Amazon fields by July, Mello said.

Reflecting its confidence in the Amazon project, Rosneft is committed to buying an additional 10 percent of HRT's Amazon unit next year, raising its stake to a majority 55 percent, he said.

HRT and Rosneft have already discovered 3 trillion cubic feet (TCF) of natural gas in the Solimões Basin of Brazil's Amazonas state and he expects as much as 10 TCF to 15 TCF of gas in five key blocks in the region. The 3 TCF figure has yet to be certified.

The most likely way to turn that gas into cash, he said, is to build thermal power stations and connect them to Brazil's growing Amazon electric grid. That will move his "trapped" power to bigger centers without expensive pipelines.

Electricity made from burning HRT's low-sulfur "sweet" gas is worth more than the $2-$3 per British thermal unit it costs to produce that gas, he said.

Mello also hopes to use small-scale, increasingly cheap gas-to-liquids technology to transform natural gas directly into diesel fuel and gasoline. HRT has already had talks with General Electric Co and several Korean companies about equipment for power plants and other projects, he said.

"There are 30 million people in Brazil's Amazon and they use diesel and gasoline for everything," he said. "Converting the gas into fuel on site and then moving it by river to communities would be cheaper, more efficient and more environmentally sound than refining oil far away."

Mello estimated that a small, modular gas-to-liquids plant could produce about 4,000 barrels of diesel fuel per day for about $68 a barrel, or $1.61 a gallon. Diesel on the U.S. Gulf Coast for May delivery , a wholesale fuel benchmark, sold for $2.77 a gallon, or $116 a barrel, on Friday.

A modular plant of that size would cost about $400 million, according to Britain's Oxford Catalyst Group Plc. Oxford estimates each barrel a day of output requires an investment of about $100,000 in the plant.

HRT is also considering using gas to make fertilizer and ethanol, he said.

---------------------------------------------------------------------------

Momentan werden in Amazonas State bereits 11.3 million m3/day produziert:
http://translate.google.com/translate?hl=de&ie=UTF8&prev=_t&…

HRT petroleo hat mit 1-HRT-9-AM eine der besten onshore gas wells in Brazil, mit einer
"maximum production capacity estimated at 7 million m3/day"

GLA

[Drill-a-Hill]

RUMOUR

sorgt für ein wenig Spannung am Sonntag Morgen...

http://www.iii.co.uk/investment/detail/?display=discussion&c…
cheshire10bagger
Saturday 22:59
Hrt has hit commercial hydrocarbons
"This post will have been deleted by 0800 on Monday, just buy me a beer at Xmas. Well done to all long term holders."

http://www.iii.co.uk/investment/detail/?display=discussion&c…
cheshire10bagger
today 07:08
Re: Hrt has hit commercial hydrocarbons
This is anecdotal evidence - ie I was told by someone today - they are senior in the oil industry, their company (a super major) holds acreage in our territories. They did not know I hold shares in char or hrt. I have known the individual for 15 years.
Don't ask me anymore because I don't know.
My rationale for posting is to let long term holders know.
It is oil not gas.

ob Ernst zu nehmen oder nicht,... who knows?!

GLA & schönen Sonntag

[DJHLS]

Antwort auf Beitrag Nr.: 44.950.993 von Drill-a-Hill am 29.06.13 12:41:09

Viel Text, aber er läßt sich in denn drei verwendeten Schlüsselworten treffend zusammenfassen: expects, hopes, estimates. In der Sprache der Unternehmensmitteilungen steht das für unverbindliche Beschreibungen eines möglichen best case szenarios. Genau deswegen mißt der Markt solchen Expektanzen keinen Wert zu.

Und was ist im übrigen aus dem Zitatgeber, Mr. Mello, geworden?

[links-zwo-drei-vier]

@tnzs72
@Drill-a-Hill

Besten Dank für Eure vielen Info`s vom WE!

Am Freitag gab es ja in Brasilien noch einen fetten Kauf, schön!

Auf eine interessante Woche!

LG

L234

__________


RT-Charts von "butzbutz":





HRT-REALTIME-Chart/Kurse von der HEIMATBÖRSE São Paulo:
- selbst aktualisierend - (REAIS-BR)





HRT-REALTIME-Chart/Kurse von der Nebenbörse TORONTO:(GDRs)
- selbst aktualisierend - (CAD)

[links-zwo-drei-vier]

NEWS!

NEW SPECIAL COMMITTEE

Rio de Janeiro, July 1st, 2013 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) announces that its Board of Directors, in their June 27 and 28 meeting, reviewed the ongoing drilling program in Namibia where the Murombe well is drilling ahead of schedule and below cost estimates. The well should finish drilling in early August. Polvo transition planning was reviewed with a target to assume operation of the field in the fourth quarter. The Solimões program was reviewed and significantly reduced due to recent results.

The Board of Directors unanimously decided to establish a new special committee to promptly evaluate inorganic development options for HRT, such options including but not limited to potential asset sales, strategic combinations, or sources of further capital. By the end of July, the Committee will develop initial recommendations to the Board of Directors including potential paths forward to maximize value for HRT shareholders.

Click here for the News Release: http://common.mzvaluemonitor.com/Downloader.ashx?accountId=1…

L234

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.960.303 von links-zwo-drei-vier am 01.07.13 15:35:12

"promptly evaluate inorganic development options for HRT, such options including but not limited to potential asset sales, strategic combinations, or sources of further capital"

Guten Morgen,

"inorganic development options"

Es geht hier denke ich um die Gas Monetization im Solimoes Basin,
wie schon gesagt das Konsortium HRT-Petrobras-Rosneft sollte inzwischen wissen wie man das Gas am effizientesten auf den Markt bringt, Investitionen müssen getätigt werden, PB & Rosneft haben keine Probleme mit Liquidität, HRT muss sich allerdings überlegen wie sie die development kosten, im besten Sinne der shareholder, finanzieren wollen, zB:

1. FarmDown an PB & Rosneft
2. 100% einiger Blocks in Solimoes verkaufen
3. Asset Swop bzw. strategic partnership Solimoes-Namibia-Polvofield
...

GLA

[Drill-a-Hill]

möglichen Punkt 4 vergessen: Verkauf von 100% aller Blocks im Solimoes Basin

---
Guter Beitrag dazu von ooleum bei ihub:
http://investorshub.advfn.com/boards/read_msg.aspx?message_i…

Surely if HRT have discovered some of the best gas onshore in Brazil, then there are currently "not quite as good" discoveries already in production? This suggests that said "best" discoveries should be relatively easy to commercialise. Genuine question??

My take is that it is commercial, but at some point you have to reign in the exploration and actually get some revenue coming in...
Therefore...i read the PR release as "exploration is currently on hold". We've proved up enough discoveries (spent enough money) to either a) put it into production and focus on building capital b) sell gas assets as they've been proven

Sell it to Petrobras for $1B, it's their pipeline anyway. Coincidence...BTG Pactual just coughed up $1.5B, with Petrobras wanting to consolidate resource into production assets.

Cove recently sold a 8% stake of 30trillion cubic feet, which is similar to what HRT proved up ~2.4 to 3.0 trillion cubic feet. Coves finds were no more assessible than HRT's finds (being offshore East Africa).
It sold for $2B...so about $1B per trillion cubic feet. HRT have 1.5T thus far
Ooleum
---

"One Billion Dollars" ist übrigens auch der Betrag den TNK-BP (die Rosneft übernahm) vor nicht all zu langer Zeit für 45% der Solimoes Blocks auf den Tisch gelegt hat (HRT hält 55%).

Das entspricht by the way:

7,49 Brazilianische Real pro Aktie ( +200% zum heutigen Kurs)

August wird MEGA spannend imo
GLA

[Drill-a-Hill]

Mail v. HRT:

---
The Gas Monetization Project is still on going as you can see in the latest institutional presentation available in our IR website (slides 16 and 17).
We expect to have the report approved by Rosneft, Petrobras and HRT early August.
As soon as we have this report approved, we´ll plan together the best way to disclose the results.
---

Zufall das gerade zum selben Zeitpunkt, Ende Juli, das gerade erst gebildete
special committee erste Vorschläge zu den "inorganic development options" geben soll?

IMO kommt es zum farmout an Petrobras und oder Rosneft,
ich bin zuversichtlich das das Gas im Solimoes Basin an den Markt gebracht wird, in einem Monat werden wir es wissen..

GLA

[DJHLS]

Zitat von Drill-a-Hill: Mail v. HRT:

---
The Gas Monetization Project is still on going as you can see in the latest institutional presentation available in our IR website (slides 16 and 17).
We expect to have the report approved by Rosneft, Petrobras and HRT early August.
As soon as we have this report approved, we´ll plan together the best way to disclose the results.
---

Zufall das gerade zum selben Zeitpunkt, Ende Juli, das gerade erst gebildete
special committee erste Vorschläge zu den "inorganic development options" geben soll?

IMO kommt es zum farmout an Petrobras und oder Rosneft,
ich bin zuversichtlich das das Gas im Solimoes Basin an den Markt gebracht wird, in einem Monat werden wir es wissen..

GLA

Überschäumende Euphorie.

Du vergißt, dass es auch nach einem Monat heißen kann, dass es keinen deal mit Petrobras, Rosneft oder wem auch immer gibt.

Es gehört zum Geschäft, dass das Management seine Fühler austreckt und Szenarien austreckt. Das heißt aber noch lange nicht, dass dann auch etwas passiert.

Petrobras hat gerade erst Assets verkauft, weil sie Cash brauchen, um die immensen Investitionen für die Offshore-erschließung zu stemmen. Rosneft will die russische Arktis explorieren und erschliessen. Das ist ein Multimilliardenprojekt, das den FCF von Rosneft ausreichend beansprucht.

Es hat keiner auf Solimoes gewartet und es wird keiner um Solimoes betteln. Kaufen oder in-farmen wird eine E&P company wenn die Assetqualität stimmt und der Preis paßt.

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.976.495 von DJHLS am 03.07.13 18:21:11

Hallo DJHLS,

Nein, ich vergesse nicht das die Ergebnisse zur Nat Gas monetization negativ sein könnten.
Du hingegen scheinst einen positiven Ausgang nicht in Betracht zu nehmen?
Es gibt einige Punkte die für einen positiven Ausgang sprechen.

In Brasilien werden wesentlich höhere Preise für Nat Gas bezahlt, die Nachfrage übersteigt das in Brasilien produzierte Angebot. Hrt hat die besten in Brazil Onshore je gemessenen Flowrates an Nat Gas.
Bereits seit Jahren wird von Petrobras Nat Gas produziert, dafür wurden Pipelines gebaut für production wells mit weit geringeren flowrates.
Nicht genug, PB muss viel Geld für LNG bezahlen...

---
Brazil seen paying high price for emergency natural gas imports
http://www.reuters.com/article/2013/01/08/brazil-energy-lng-…

The high-priced spot purchases would leave Petrobras with millions of dollars in losses if the company is not able to pass on the full price of the purchases to Brazilian consumers.
LNG traders believe Petrobras may have recently paid as much as $15-$17 per million British thermal units (mmBtu), a large premium to domestic gas prices.
Asian prices rose above $17 per mmBtu last week as a cold snap boosted purchases. LNG prices in Europe are currently around $11 per mmBtu.
In the United States, abundant domestic gas is priced just above $3 per mmBtu.
---

Ich erkenne deine Kritik natürlich an, und gebe dir recht das ich euphorisch in die Zukunft blicke, unterlegt damit das ich in Hinblick auf die mögliche Nat Gas monetization Aktien zugekauft habe. Wäre alles 100% sicher gäbe es kein Potential, oder?

Warten wir ab und sprechen in einem Monat wieder darüber,
wenn HRT, Rosneft & Petrobras
Ihre Ergebnisse zur Natural Gas Monetization,
an denen sie über ein halbes Jahr gearbeitet haben veröffentlichen werden.

GLA

[DJHLS]

Antwort auf Beitrag Nr.: 44.980.773 von Drill-a-Hill am 04.07.13 10:58:07

Um das mal klarzustellen: Ich halte derzeit Aktien von CHAR, HRT und Galp. Bei HRT bin ich im Plus bei CHAR im Minus und bei Galp in etwa Einstiegskurs.

Schnittmenge dieser drei ist das exposure zu einem Explorationserfolg offshore Namibia. HRT hat eben zusätzlich noch onshore Brasilien und CHAR hat zusätzlich offshore Mauritanien und Galp ist noch stärker diversifiziert.

Die Küste norwärts erwarte ich auch Explorationserfolge, weswegen ich auch in Repsol und EGY (Schwerpunkt Gabun) investiert bin. Tullow und CIE fände ich von den Explorationslizenzen interessant, aber beide sind mir zu teuer.

Bei Dir bin ich mir sicher, dass Du das Risiko einschätzen kannst und dass Du kein bezahlter Pusher bist (davon gibt es in den deutschen und internationalen Foren reichlich).

Nur gibt es eben möglicherweise auch Leser, die da nicht so tief drin sind. Wenn die nur die Aussagen des Managements - verstärkt durch Deine völlig gerchtfertigte Interpretation - lesen und das daneben geht, dann gibt es Gejammer und Geheule und es wird wieder von allen Seiten die Schuld bei anderen gesucht.

Deswegen behalte ich mir vor, auch ab und zu mal warnende Töne einzuspielen.

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.981.691 von DJHLS am 04.07.13 12:48:52

Das größte Volumen wird auch in Brasilien gehandelt,
da würde es keinen Sinn machen hier zu pushen.
HRT petroleo ist meiner Meinung auch fest in Händen der Institutional Investors.

Ich habe auch immer wieder darauf hingewiesen das ein Investment in HRT ein großes Risiko darstellt, gleichzeitig aber auch große Erträge möglich sind.

Ich schreibe hier um mich A: selber am laufenden zu halten und B: um mit gleichgesinnten Gedanken zu teilen und auszutauschen.

High Risk - High Reward

Den meisten hier müsste das klar sein,
die wells in Namibia offshore kosten bis zu $100mio/well
logisch das der Kurs der Aktie leidet wenn keine commercial discovery gemacht wird.

Klar ist aber auch, daß solche Investitionen aufgrund von prospective resources getätigt werden, die in die Milliarden Barrels of Oil gehen.
Dafür mussten bereits zig Millionen für die Beschaffung & Analyse von 3D Seismic ausgegeben werden. Deswegen zahlen auch Unternehmen wie Galp Energia ca. $100mio für einen "nur" 14%igen Anteil an diesem Bohrprogramm bzw für die entsprechenden Lizenzen.

Geschenkt gibt es hier nichts.

Investitionen im Solimoes Basin wurden bereits getätigt,
es gab große Gas discoveries die vom Markt mit ZERO value bewertet wurden, da es wesentlich teurer ist Gas zu transportieren als Öl, man scheint allerdings zu vergessen das Gas in Brazil zu wesentlich höheren Preisen gehandelt wird als bspsweise in den USA.

Heute gibt es daher (imo) ein upside-potential sollte es wider erwarten (vom Markt) eben doch zu einer monetization kommen, wir werden sehen.

GLA

[DJHLS]

Antwort auf Beitrag Nr.: 44.982.261 von Drill-a-Hill am 04.07.13 13:44:27

Brasilien ist ein heißes Pflaster. Heißte Weiber und coole Drinks, aber für Investoren kein Paradies.

Nimm nur Eike Batista, der auch heftig in Infrastruktur, Energie und Öl-/Gasexploration investiert hat. Heute ist der Mann in massiven Schwierigkeiten und die brasilianische Entwicklungsbank, die hier im Thread auch schon mal vorkam, die BTG Pactual eignet sich zu firesale prices seine Minen und Assets an.

Desweiteren hat der Staatsapparat in Brasilien seine Finger nicht weniger in den Geschäften als in Rußland, China und Indien. Die BRIC stehen eben auch für Intransparenz, Macht von Funktionärseliten und deren Einmischung.

Wenn das Volk auf die Straßen geht, weil die Busfahrkarten zu teuer sind, dann weist Dilma Rouseff Ms Foster an, die Dieselpreise von PBR gegenüber den Verkehrsbetrieben zu senken. Wenn hohe Gaspreise Stein des Anstoßes sind, wird der Gaspreis dank politischer Intervention gesenkt. Schau Dir mal an, was aus den Milliardeninvestitionen in Wasserkraftwerke geworden ist. Der Staat macht die Vorgabe, dass die Strompreise sinken müssen und Eletrobras und andere Versorger müssen springen. Ähnlich bei den Telekommunikationsanbietern: Das Volk will niedrigere preise, die Politik will Inflation bekämpfen und die Lösung ist, die Telekommunikationsanbieter dazu zu bringen, die Preise zu senken.

Wenn nun Brasilien schon mit seinen Großunternehmen so umgeht, was hat dann HRT da für Karten in dem Spiel?

Investoren, die HRT's onshore assets kaufen sollen, werden genau diesen Faktor miteinrechnen.

[Drill-a-Hill]

Guten Morgen,

Tag 35 seit Spud In von der Murombe-1 well:




1,391 m water depth
3,679 m below sea level BAOBAB (2,288 m zu bohren)
5,090 m below sea level MUROMBE (3,699 m zu bohren)


Bei einer angenommen durchschnittlichen Drillrate von 60-80m/day, sollte HRT nun jederzeit das BAOBAB prospect erreichen, bzw wurde es möglicherweise in den letzten Tagen bereits erreicht und wird gerade getestet, bei der vorangegangenen WINGAT well gab es in dieser Tiefe schon jede Menge Oil Shows (ab 1500m). Fingers crossed daß diesmal die Reservoirs gute Porosität & Permeabilität haben


Das Volumen (in Brazil) der letzten Tage war zu gering (zw.2-6mio)um auf Insiderinformationen schließen zu können. Wir bräuchten schon Volumen um die 15-30mio um auf etwaige leaks schließen zu können. Ich denke aber das zwischenzeitige Resultate gut unter Verschluss gehalten werden können.

Bleibt die Frage wie geht HRT mit einer möglichen discovery bereits bei BAOBAB um? Ich denke sie werden erst nach Ende der gesamten Bohrung alle Ergebnisse veröffentlichen, außer es dringen Gerüchte nach außen, der SP verückt spielt, und die Aufsicht eine Stellungnahme fordert.

GLA

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 44.988.391 von Drill-a-Hill am 05.07.13 10:18:38

mail von HRT (IHUB)

http://investorshub.advfn.com/boards/read_msg.aspx?message_i…
Thank you for your interest in our Company. Regarding your question, the answer is
we are going to provide news at the very ends once all is complete after the drill has reached total depth.

GLA & schönes WE

[nicolani]

HRT Participacoes em Petroleo S.A.'s board of directors, in its June 27
and 28 meeting, reviewed the drilling program in Namibia where the
Murombe well is drilling ahead of schedule and below cost estimates. The
well should finish drilling in early August.

Die Murombe Bohrung von HRT verläuft problemlos und ist dem Zeitplan
voraus und unter Budget. Es wird mit der fertigstellung der Bohrung
Anfang August gerechnet.

[links-zwo-drei-vier]

RT-Charts von "butzbutz":





HRT-REALTIME-Chart/Kurse von der HEIMATBÖRSE São Paulo:
- selbst aktualisierend - (REAIS-BR)





HRT-REALTIME-Chart/Kurse von der Nebenbörse TORONTO:(GDRs)
- selbst aktualisierend - (CAD)



L234

[Matte0771]

Antwort auf Beitrag Nr.: 45.010.035 von links-zwo-drei-vier am 09.07.13 15:37:24

Moin...

Ich finde nichts zu einem Feiertag heute in Brasilien ?

Weiß einer mehr.

Danke

[Olaf2007]

Market Calendar BOVESPA:

http://www.bmfbovespa.com.br/en-us/rules/market-calendar/mar…

[Matte0771]

Antwort auf Beitrag Nr.: 45.010.551 von Olaf2007 am 09.07.13 16:50:11

Danke.......

[Drill-a-Hill]

Guten Morgen,

Tag 40 der Murombe Bohrung,

sollte es in Baobab > 1bn boe geben kaufe ich mir einen Baobab Baum



Übrigens, ist mir letztens nicht aufgefallen:

aus den
Minutes of the Board of Directors’ Meeting held on June 27-28, 2013
http://ir.hrt.com.br/hrt/web/download_arquivos.asp?id_arquiv…

(d) Status in Namibia – assets farm-out, Rig farm-out, legal requirements to Government and Galp

Ich frage mich ob "Rig farm-out" bedeutet
die Marianas welche HRT bis Dezember gemietet hat,
für den Fall keinen Partner für Meerkat zu bekommen,
die verbleibende Zeit nach Moosehead an jemand anderen weiterzugeben?
Jemand eine Idee, schon mal von Rig farm-out gehört?

GLA

[DJHLS]

Zitat von Drill-a-Hill: (d) Status in Namibia – assets farm-out, Rig farm-out, legal requirements to Government and Galp

Ich frage mich ob "Rig farm-out" bedeutet
die Marianas welche HRT bis Dezember gemietet hat,
für den Fall keinen Partner für Meerkat zu bekommen,
die verbleibende Zeit nach Moosehead an jemand anderen weiterzugeben?
Jemand eine Idee, schon mal von Rig farm-out gehört?

GLA

Hab ich noch nie gehört. Die Marianas gehört ja nicht HRT, sondern Transocean. Mietgegenstände zählen nicht zu Assets.

Typischerweise werden Rigs für eine bestimmte Laufzeit gemietet und für einen anschließenden Zeitraum eine Verlängerungsoption vereinbart. Dass der Mieter weitervermieten darf halte ich für unwahrscheinlich. Der Rig Operator, also Transocean, muß schon vorher genau wissen, wo gebohrt werden soll, denn davon hängen Kosten und Equipment ab, für die der Rigbetreiber verantwortlich ist und typischerweise sind auch Erfolgs-Boni vereinbart.

[Drill-a-Hill]

Hoffentlich finden sie noch einen Partner und drillen Moosehead & Meerkat,
dazwischen liegt das Kudugasfield mit Operator Tullow Oil,
würde micht nicht wundern wenn HRT bereits in Verhandlungen mit Tullow war oder ist

GLA

[Matte0771]

Hmmmm...

Ein Anfall von Zockerei

[links-zwo-drei-vier]

In Brasilien gab es wohl Gehalt?



L234

[Drill-a-Hill]

Guten Morgen all,

netter Anstieg gestern

Bald wird HRT producer,
dann können auch die tax credits (Steuergutschriften) geltend gemacht werden,
interessant in Hinblick auf den Kauf des Polvo fields (ca.13.000 boe/day, 7.800 net) & in Hinblick auf eine mögliche Produktion der Gasfunde in Solimoes & who knows bald auch Produktion in Namibia

U.S. $ 400 million in tax credits



"Additionally, the Executive Manager Planning and New Business of HRT, Ricardo Dourado Bottas, explained that the company may also use about U.S. $ 400 million in tax credits. According to him, this will make the operation more advantageous since it can be done with what Gold calls "efficiency costs and tax efficiency."
http://investorshub.advfn.com/boards/read_msg.aspx?message_i…

GLA

[DJHLS]

Zitat von Drill-a-Hill: Guten Morgen all,

netter Anstieg gestern

Bald wird HRT producer,
dann können auch die tax credits (Steuergutschriften) geltend gemacht werden,
interessant in Hinblick auf den Kauf des Polvo fields (ca.13.000 boe/day, 7.800 net) & in Hinblick auf eine mögliche Produktion der Gasfunde in Solimoes & who knows bald auch Produktion in Namibia

U.S. $ 400 million in tax credits

"Additionally, the Executive Manager Planning and New Business of HRT, Ricardo Dourado Bottas, explained that the company may also use about U.S. $ 400 million in tax credits. According to him, this will make the operation more advantageous since it can be done with what Gold calls "efficiency costs and tax efficiency."
http://investorshub.advfn.com/boards/read_msg.aspx?message_i…

GLA

Die Steuergutschriften sind sowieso schon auf der Aktiva-Seite in der Bilanz. Wäre allerdings nicht schlecht, wenn endlich mal davon Gebrauch gemacht würde.

In Namibia ist HRT noch Jahre von Produktion entfernt. Finden sie wirtschaftlich förderbares Öl in Baobab oder Meerkat, so würden bis zur Förderung m. E. noch mindestens 3 Jahre vergehen.

[Drill-a-Hill]

Bei welcher Tiefe sind wir momentan??

Baobab sollte schon durchbohrt worden sein imo.
Informationen dazu werden, denke ich, gut unter Verschluss gehalten...

Gehen wir von einer drill rate von durchschnittlich ca. 71,43m/day aus,
(Wingat Bohrung 4000m/56days = 71,43m/day)

wären HRT petroleo & Galp Energia heute,
Tag 42 der Murombe Bohrung,
bei ca. 4,391 m Tiefe

damit käme HRT bald (So/Mo) in die selbe Tiefe in der sie bei der Wingat Bohrung light oil mit 40 API rausgeholt haben (nur 15km entfernt)...



1,391 m water depth
3,679 m below sea level BAOBAB (2,288 m zu bohren) 32 Tage
4,675 m below sea level LIGHT OIL WINGAT (3284 m zu bohren) 45 Tage
5,090 m below sea level MUROMBE (3,699 m zu bohren) 52 Tage
5,360 m below sea level PROJECTED TOTAL DEPTH (3,969 m zu bohren)56 Tage
& möglicherweise "go deeper" nach Sivaradi ca.: zw. 5,500 m und
5,800 m below sea level SIVARADI (4,409 m zu bohren) 62 Tage

damit würde HRT (nach 62 Tagen bei 71,43m/day) die Murombe Bohrung, wie zuletzt angekündigt, Anfang August beenden...

fingers crossed
GLA

[thanhalt]

Hallo.
Hat einer eine Ahnung oder Meinung was den gestrigen Handelstag in Brasilien u. Canada betrifft.

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 45.038.597 von thanhalt am 13.07.13 10:44:18

Hallo,

Solche Kurssprünge sind nicht unüblich in Zeiten wie diesen,
in den letzten Wochen sahen wir sie des öfteren in beide Richtungen,
ich hatte die Achterbahnfahrt angekündigt,

Die laufende Bohrung kostet bis zu $100mio
High Risk - High Reward

Ich denke die gestrige Bewegung ist Charttechnisch zu begründen,
ich bin da eher ein Laie, user butzbutz ist hier der Experte,
aber ich habe mich auch mal auf dem Gebiet versucht und die folgenden roten Linien könnten die kurzfristige Korrektur erklären:



wie man sieht hat sich bereits am Donnerstag die Korrektur angekündigt,
den gelben Linien nach könnten wir bereits am Montag wieder steigende Kurse sehen, aber wie gesagt bin auf dem Gebiet absoluter Laie...

Um auf etwaige Insideraction zu schließen denke ich bräuchte es weit höheres Volumen (15-30mio).

Ich erwarte die Bohrergebnisse von der Murombe Bohrung Ende Juli/ Anfang August. Außerdem erwarten uns news zur Gas - monetization in Brazil, zum Polvofield & Verkauf von Air Amazonia, Farmout in Namibia für vierte Bohrung des Meerkat prospects, Farmout in Solimoes zur Finanzierung der Gas monetization...

August/September wird spannend was die News Lage angeht.

bis dahin fingers crossed was die laufende Bohrung angeht
und für die shortermer und derisker:
watch the volume

GLA

[Drill-a-Hill]

Hier noch ein paar Meinungen aus Brazil posted by grizzle auf iii
http://www.iii.co.uk/investment/detail/?display=discussion&c…

Bovespa continues to fall in Brazil due to total loss of confidence in Dilma Rouseff government:
Eike Batistas EBX/OGX and "x" companies are in freefall as he attempts to restructure debt.
HRT share price is strongly linked to X companies share performance as they are both traded as risk plays by a largely institutional share base in Brazil: Yesterday, OGX fell 18% and traders with CS,JPM ITAU... covered their book exposure on X companies by selling off HRT.
Local boards say volumes too low for a leak on Boabab or Murombe although there is a feeling that HRT must know the interim findings on Boabab by this stage: Jrbil spoke to Investor Relations who indicated there were several announcements on the way.
Maybe its all just more mojito talk!!

[thanhalt]

Vielen Dank.
Grizzle hatte ich mir auch schon angesehen. Scheinbar alles reine Nervensache...!

[Drill-a-Hill]

Another cloudy morning from Morombe
https://twitter.com/Gunnar_51/status/356311877560705025/phot…

[links-zwo-drei-vier]

Knowledge cruises into town
Posted by Namib Times on July 16, 2013 at 10:21 in News

Prominent Walvis Bay born businessman, Knowledge Katti was in town this week and gave the locals an opportunity to have a glimpse of the lifestyle of the rich and famous.



Mr Katti, who is widely regarded as having played an instrumental role in the exploration for oil and gas in the Walvis Basin, made headlines recently when he announced at State House towards the end of May, that Brazilian oil explorer HRT had found the first traces of oil offshore Namibia.

After its initial attempt at Wingat 1 well came up unsuccessful, as oil was not to found in commercially viable volumes, HRT then moved onto the Murombe 1 well, where it has been drilling since early June.

Several senior officers resigned from the Board of Directors after the Wingat well came up “dry”, including the former HRT CEO, Mario Mello, however resigned from his position. To date there is no indication of commercially viable oil deposits at the Murombe well yet. Indeed there is no indication yet of any oil at Murombe 1.

Investors in HRT are getting nervous and are starting to show signs of stress, as it remains unclear how far the ongoing drilling operations are and whether there is any chance of success. One investor shared an online photo of Mr Katti at the recent Wimbledon tennis finals with the words: “An HRT shareholder who is more relaxed than the majority of shareholders.”

Other major investors are having sleepless nights and are waiting for answers, which are not yet forthcoming. In response to repeated questions from worried investors, Engineer Gunnar Alvestad, who is stationed on the Transocean Marianas oil rig, tweeted this morning that the “water surface still free of oil”.

Quelle: http://www.namibtimes.net/forum/topics/knowledge-cruises-int…

L234

[links-zwo-drei-vier]

RT-Charts von "butzbutz":





HRT-REALTIME-Chart/Kurse von der HEIMATBÖRSE São Paulo:
- selbst aktualisierend - (REAIS-BR)





HRT-REALTIME-Chart/Kurse von der Nebenbörse TORONTO:(GDRs)
- selbst aktualisierend - (CAD)



L234

[Drill-a-Hill]

Antwort auf Beitrag Nr.: 45.054.773 von links-zwo-drei-vier am 16.07.13 15:05:33

"Investors in HRT are getting nervous and are starting to show signs of stress"

Tag 47 der Murombe Bohrung,



denke wir werden nächste Woche das Main Target Murombe erreichen:
(Wingat Bohrung 4000m/56days = 71,43m/day)

1,391 m water depth
5,090 m below sea level MUROMBE (3,699 m zu bohren) 52 Tage?


Nimmt man die Volumen von Murombe und
multipliziert sie mit BRL 3.0 to BRL 4.5/boe
(koservativ imo entspricht $1.5-$2.3/boe)
ergäbe das per share:

P90 : 996 MMBO
* (between BRL 3.0 to BRL 4.5/boe) / 297 mio shares + current SP =
between BRL 12 and BRL 17

P50 : 2,877 MMBO
* (between BRL 3.0 to BRL 4.5/boe) / 297 mio shares + current SP =
between BRL 29 and BRL 45

Pmean : 3,830 MMBO
* (between BRL 3.0 to BRL 4.5/boe) / 297 mio shares + current SP =
between BRL 40 and BRL 60

P10 : 7,818 MMBO
* (between BRL 3.0 to BRL 4.5/boe) / 297 mio shares + current SP =
between BRL 81 and BRL 120

+ 444% bis 5400%

GLA

[links-zwo-drei-vier]

Antwort auf Beitrag Nr.: 45.060.415 von Drill-a-Hill am 17.07.13 09:50:46

"Investors in HRT are getting nervous and are starting to show signs of stress"

Moin D-a-H,

bei mir als Bürofutzi sieht "HRT & Chariot-verursachte Stressbewältigung" anders aus:



Lassen wir uns einfach überraschen!

LG

L234

[Tomu]

über twitter kommen wohl vorerst keine infos oder bilder mehr:

https://twitter.com/Gunnar_51


Gunnar Alvestad ‏@Gunnar_51 14 Jul
@Helioschariot water surface still free of oil..

Joe Paul ‏@HRT_JP 20h
Reply to @Gunnar_51 @Helioschariot HRT contractors subject to Tight Hole Policy. Murombe talk could mean job loss plus legal action...

@HRT_JP sorry, understand. No more conversation regarding this issue will be made from my side.

[Drill-a-Hill]

Guten Morgen!

Von "VanWilder", IHUBhttp://investorshub.advfn.com/boards/read_msg.aspx?message_i…


Brazil IR Q&A



Dear Ricardo,


I am a shareholder of HRT since January 2011 and this is my first mail addressed to RI company so much that it would be answered.

My doubts are shared by several minority who exchange information about HRT in a small group of private investors and basically consist of the following:



1) If a company finds oil in commercially viable reservoir shallower the current hole (Baobab) the probe will continue drilling until Morumbe?

Yes, the program includes the well continued drilling until its ultimate goal.



2) If found oil Baobab TF will be held, and if not done, will be defined as the commercial viability of a possible breakthrough?

The program includes the well logging cable Full tests and identifying fluid and their characteristics as well as providing indications of productivity. The assessment of the commercial viability of a possible breakthrough volumes depend basically discovered x x operating costs operating costs (opex). The company believes that with the program outlined is perfectly possible to obtain the data needed for an initial evaluation and decision on how to proceed on the basis of any asset results.



3) If it is confirmed in commercial oil Baobab, the company will announce the results before the end of the drill or just make an official statement at the end of the whole process?

Only we expected the announcement of the results at the end of the pit.



4) The source rock found in Wingat has the potential to fill only the Baobab, since this is the one of the reservoirs that lies above the generator already confirmed?

The evaluation of the generating capacity of the rocks traversed the first well Wingat are indicative of an important event, with thick and regional distribution, able to fill the tanks established in the wells.

The data obtained so far are very positive about the generators, including generators regarding fluids because they are within the oil window. The range of the source rock Wingat is fairly thick, laterally and can feed the reservoirs stratigraphically underlying (Murombe) through small failures.



5) The probability Murombe oil is less than Baobab since the latter already have the most difficult-to prove the source rock - still needs to be confirmed if Murombe?

No. HRT data reinforce the possibility to load the shells called Murombe. The distance Baobae to the generator is about one thousand meters. The probabilities of each prospectus also take into account other factors.



6) What is the probability of success estimated for the reservoir deeper prospectus (Sivaradi)? Note: this information, unlike the other prospects, not in the institutional presentation published by the company in June.

Due to the depth of these reservoirs, we prefer not to disclose probability.



7) When will concretely defined monetization of gas already found in Solimões? There is a possibility gas found not to be commercially viable?

We plan to complete the first phase of the project with Petrobras and Rosneft in julho/13 and dissemination of results in agosto/13 if the findings are approved by 3 parts. Yes, the gas may not be commercially viable and this is the purpose of the study, seek study alternatives technically and economically feasible to produce gas in the region.

GLA

[Drill-a-Hill]

Who buys HRT share today leads all projects 'for free', says Credit Suisse
http://translate.google.com/translate?hl=de&ie=UTF8&prev=_t&…
"Extras can come for free." That's how Credit Suisse starts the report on HRT, a company that is in its second exploration campaign in Namibia...

Murombe is the largest oil prospect GLA!

[Drill-a-Hill]

Guten Morgen!,

rumour aus GB, iii, Tarles:
http://www.iii.co.uk/investment/detail/?display=discussion&c…

Morning, drilling was halted over the weekend and It recommenced on Tuesday / Wednesday and I know there was a crew change on Wednesday this week. This is from a 100% reliable source and don't know anymore than that, so its still guess work as per usual and happy to sit out the drills and look forward to our own news soon enough.

Have a good weekend all.

T



Wir werden sicher noch Kommentare von den Experten bei iii dazu hören,
nachdem ich mit google Gründe für eine Bohrunterbrechung gesucht habe bin ich auf folgendes gestoßen:

A way of measuring well conditions downhole by studying samples of reservoir rocks, core analysis gives the most accurate insight into the porosity and permeability, among other characteristics, of the well.

In order to complete a core sample, drilling must be halted at the top of the subsurface of the reservoir.

Because coring requires the suspension of drilling, the process is quite expensive and usually only performed at the reservoir interval.

Es kann natürlich alle möglichen Gründe haben die Bohrung zu unterbrechen, allerdings ist eines klar:

Time is Money

man braucht schon einen guten Grund eine Bohrung die $1mio/day kostet mehrere Tage zu unterbrechen,
in my opinion sollte wir den zweiten proven source rock, der von HRT bei der Wingat Bohrung bestätigt wurde schon durchbohrt haben

mögliche oilshows darunter,
würden vom dritten darunterliegenden source rock stammen,
wäre eine fantastische Nachricht für Namibia & alle Unternehmen
die im Walvis Basin operieren

Möglicherweise wurde schon das Murombe reservoir getestet...

fingers crossed for good porosity and permeability

GLA

[links-zwo-drei-vier]

Antwort auf Beitrag Nr.: 45.076.349 von Drill-a-Hill am 19.07.13 09:41:39

***Danke für Deine klasse Recherchen, D-a-H***

Ein schönes WE wünscht

L234

[thanhalt]

Kann mich nur anschließen !
Lese alles mit großem Interesse mit...

[DJHLS]

Antwort auf Beitrag Nr.: 45.076.349 von Drill-a-Hill am 19.07.13 09:41:39

Allerdings haben die Aktienkurse von HRT und CHAR gestern nachgegeben statt zu steigen.

Der Markt sieht den Bohrstopp offenbar eher als negatives Zeichen.

[Drill-a-Hill]

@ L234 & thanhalt

many thanks

@ DJHLS

Der "Bohrstopp" ist ein Gerücht welches erst heute Morgen unserer Zeit in die Welt gesetzt wurde, der Markt hat imo keine Ahnung vom bisherigen Erfolg oder Misserfolg der Murombe Bohrung, ein etwaiger Bohrstopp sagt auch nichts darüber aus. Wenn überhaupt könnte man daraus schließen in welcher Phase sich die Bohrung befindet. Ich denke dass das main target Murombe möglicherweise gerade durchbohrt wird.

Ja, die letzten Tage ging es abwärts, jedoch unter durchschnittlichem Volumen und dem Trend folgend. Diese volatile Achterbahnfahrt war vorauszusehen. Es gibt auch sicherlich einige Investoren die sich rechtzeitig vor Veröffentlichung der Ergebnisse absichern und sich einiger oder aller Ihrer Anteile entledigen.

Fällt oder steigt die Aktie signifikant unter hohem Volumen, zähle ich mich unter denjenigen die an Insideraction denken. Aber sicher ist in dem Fall auch nichts. ZB, die hohen Volumen die vor den Ergebnissen der Wingat well zustande kamen, waren nicht auf Insiderkäufe zurück zu führen, sondern auf Käufe von Discovery Capital Management LLC, welche sich zusammen mit Southeastern Asset Management genügend Stimmrechte sichern wollte um Ihre Interessen durchzusetzen.

High Risk - High Reward, is the Name of the Game

GLA