HRT Announces Updated Number of Global Depositary Shares Outstanding
OREANDA-NEWS. HRT Participates 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. As of today, there were 10,537,120 GDS outstanding (each representing Ёц 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, through its subsidiaries, holds a 60% participating interest and it is also the operator of the Polvo Field, which is located in the southern portion of the Campos Basin, at 100km east of the city of Cabo Frio, Rio de Janeiro. HRT has Brazil's seventh largest daily production of barrels of oil equivalent (boe), with 20.3ЎЖ API, deriving from three producing reservoirs. HRT is the owner, through its subsidiaries, of "Polvo A" fixed platform and a 3.000HP drilling rig, currently in operation in the field, being the platform connected to the "Polvo FPSO" vessel, with capacity to segregate hydrocarbons and water treatment, oil storage and offloading. Polvo Field license covers an area of approximately 134km2, with several prospects with potential for further explorations. Additionally, HRT holds a 55% interest and is the operator of 19 exploration blocks in the Solimoes Basin, and also operate s ten exploration blocks off the Namibian coast, in the Orange and Walvis sub-basins. HRT is committed to minimizing any possible environmental impacts on the sites where it acts. Our commitment to the local communities is towards health conditions, safety and quality of life.
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