HRT Updates Number of Global Depositary Shares Outstanding
OREANDA-NEWS. HRT Participates em Petróleo S.A. (the “Company” or “HRT”) (BM&FBOVESPA: HRTP3, TSX-V: HRP) announces that the records of the TSX Venture Exchange (the “TSX-V”) have been updated to reflect the number of HRT's Global Depositary Shares (“GDS”) currently outstanding. As of January 1st, there were 116,894,100 GDS outstanding (each representing ½ of an interest in a common share of HRT). Further details regarding the GDS can be found in the Company's annual information form.
HRT Participates holds one of the largest independent oil and gas exploration and production companies in Brazil. The HRT Group comprises six main subsidiaries: IPEX (Integrated Petroleum Expertise Company Servigos em Petróleo Ltda.), HRT O&G Exploragáo e Produgáo de Petróleo Ltda., HRT Netherlands B.V., HRT África Petróleo S.A., HRT América Inc. and HRT Canada Inc.. The Company retains a 55% interest in 19 exploratory blocks in the Solimoes Basin. HRT also operates ten exploratory blocks off the Namibian coast: eight blocks in the Orange Sub-basin and two blocks in the Walvis Sub-basin. HRT's team includes PHDs and masters in geochemistry, geophysics, biology and engineering, most of them former employees of Petrobras and ANP (Brazil petroleum agency). HRT is committed to minimizing any possible environmental impacts in the sites where it acts. Our commitment to the local communities is towards health conditions, safety and quality of life.
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