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HRT concludes drill stem test of well 1-HRT-10-AM, in the Solimões Basin

Thursday, Jan 10, 2013

RIO DE JANEIRO, Jan. 9, 2013 /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"), has concluded the drill stem test of a cased hole in the Tucumã prospect (1-HRT-192/02-AM), block SOL-T-192, in the Solimões Basin, of the Amazonas State, on January 7th, 2013 at 1.30 am.

The prospect, located approximately 30 km to the south of the Juruá Field, was tested to identify hydrocarbons in a faulted anticlinal structure in a regional SW-NE oriented structural lineament sub parallel to the Juruá and Tefé gas trend.

"This positive test confirms the existence of a new structural trend in our blocks to the south and southwest of this well" said Milton Franke, CEO of HRT O&G.

The drill stem test results, together with the gas findings in wells 1-HRT-5-AM and 1-HRT-9-AM, confirm the gas trend to the south and the potentials for gas in the SOL-T-191 and SOL-T-192 Blocks and open a new exploratory play fairway for SOL-T-214, SOL-T-215 and SOL-T-216 Blocks, where the company has identified several exploratory prospects for future new wells to be drilled.

The presence of a richer liquid bearing gas/condensate identified in the DST's in a relatively underexplored area of the Basin, reinforces the geological model interpreted for the area, and consolidates the potential for gas in the region and supports the gas monetization project.

SOURCE HRT Participações em Petróleo S.A.

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