HRT Updates Number of Global Depositary Shares Outstanding
OREANDA-NEWS. HRT Participacoes em Petroleo 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. On July 1, 2014, there were 117,808,300 GDS outstanding (each representing 1/2 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 Participacoes 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 Servicos em Petroleo Ltda.), HRT O&G Exploracao e Producao de Petroleo Ltda., HRT Netherlands B.V., HRT Africa Petroleo S.A., HRT America Inc. and HRT Canada Inc.. The Company retains a 55% interest in 19 exploratory blocks in the Solimoes Basin and 60% of interest in The Polvo Field, located in the southern portion of the Campos 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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