OREANDA-NEWS. October 31, 2011. HRT Participacoes em Petroleo S.A. (“Company” or “HRT”) (BM&FBOVESPA: HRTP3, TSX-V: HRP), continuing the process of disclosing the progress of the well drilling in the areas under concession, announces the status of operations with position on today’s date at 3:00pm.

Well 1-HRT-1-AM

The formation tests continue to be carried out in the intervals of interest.

Well 1-HRT-2-AM Current depth: 3,421m.

Drilling the 4th phase*, in the zone of interest (Uere Formation), forecasted till the depth of 3,600m.

Well 1-HRT-4-AM Current depth: 2,311m.

It was performed the intermediate logging and the well is being prepared to run the 95/8' casing.

Zone of interest forecast for depth between 2,320m and 2,700m. Well 1-HRT-5-AM

The QG IX rig was dissembled at the well 1-HRT-3-AM and it is being transported to Block SOL-T-192, to be assembled at the location 1-HRT-192/01.

[1] 4rd Phase: Drilling, logging, running the 7'' liner, cementing and doing the production test.