HRT announces the discovery of hydrocarbons in Well 1-HRT-10-AM, Block SOL-T-192, in the Solimões Basin
Thursday, Dec 06, 2012
RIO DE JANEIRO, Brazil, Dec. 5, 2012 /CNW/ - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) announces that its subsidiary HRT O&G Exploração e Produção de Petróleo Ltda. ("HRT O&G") submitted to the National Agency of Petroleum, Natural Gas and Biofuels (Agência Nacional do Petróleo, Gás Natural e Biocombustíveis - ANP), Notice of Discovery of gas shows in well 1-HRT-10-AM.

Based on mud logging gas detection and Logging While Drilling (LWD) data, four gas-bearing reservoir intervals were identified in the Juruá Formation, the main target of this well, between 2,110 and 2,260 meters of depth.

The well was spudded on October 22, 2012 and after drilling through the main reservoirs it is currently being drilled at 2,360 meters in Devonian sedimentary rocks. After reaching the basement, the well will be logged and cased so that formation tests can be run to evaluate the type of hydrocarbon and the production potential of the reservoirs.

This well located in the south of Block SOL-T-192 confirms the extension of hydrocarbon accumulations in the Solimões Basin to the south of previously known occurrences and confirms the basin potential for new discoveries.

The well 1-HRT-10-AM is being drilled by QG-VIII, Queiroz Galvão drilling rig, and has a final depth forecast at around 2,680 meters, 20 meters inside basement rocks.

HRT is exploring the Solimões Basin in partnership with TNK-Brasil, a subsidiary of TNK-BP.

For further information, contact HRT`s Investor Relations Department.

Sedar Profile # 00031536

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About HRT

HRT Participações holds one of the largest independent oil and gas exploration and production companies in Brazil. The HRT Group comprises eight main subsidiaries: IPEX (Integrated Petroleum Expertise Company Serviços em Petróleo Ltda.), HRT O&G Exploração e Produção de Petróleo Ltda., HRT Netherlands B.V., HRT África Petróleo S.A., HRT América Inc., Air Amazonia Serviços Aéreos Ltda. and HRT Canada Inc.. The Company retains a 55% interest in 21 exploratory blocks in the Solimões 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. For more information, please visit the Company's website: www.hrt.com.br/ir

SOURCE HRT Participações em Petróleo S.A.

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