HRT Participações em Petróleo S.A. - Spudding of well 1-HRT-8-AM

Wednesday, March 21, 2012
  • The well has been drilled by the rig QG-VIII, and is forecast to reach a final depth at 3,365m.

HRT Participações em Petróleo S.A. (BM&FBOVESPA: HRTP3, TSX-V: HRP) announces that its subsidiary HRT O&G Exploração e Produção de Petróleo Ltda, on March 17, 2012 at 06:00 p.m., spudded the well 1-HRT-8-AM, in the prospect Aroeira (1-HRT-169-02-AM), located in the Block SOL-T-169, Solimões Basin, in the Municipality of Tefé-AM.

This location aims to test a 25 km2 area structure which belongs to a gas trend drilled by the well 1-HRT-5-AM. The location is situated at 20 km southeast of the Juruá Field.

The main targets are the Carboniferous reservoirs of the Juruá Formation expected at a 3,000m depth, as well as the Devonian reservoirs of the Uerê Formation. The well has been drilled by the rig QG-VIII, and is forecast to reach a final depth at 3,365m.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

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