RELEVANT FACT - HRT Signs Farm-Out With Galp Energia for Namibian Blocks

RELEVANT FACT - HRT Signs Farm-Out With Galp Energia for Namibian Blocks 
RIO DE JANEIRO, Nov. 26, 2012 /CNW/ - HRT PARTICIPAÇÕES EM PETROLEO S.A. 
(the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) announces the 
signature of a Farm-Out Agreement with the company Galp Energia in regard to 
the assignment of a 14% participating interest in exploratory rights over 
three (3) offshore Petroleum Exploration Licences (PEL) in Namibia - 
specifically PEL 23 in the Walvis Basin and PELs 24 and 28 in the Orange 
Basin. HRT will retain the operatorship of these PELs and is set to commence a 
drilling campaign in 1Q13. 
According to the terms agreed to by the parties, Galp Energia will carry part 
of HRT's share of costs, limited by a cap, associated with the drilling of 
wildcat wells, which are set to be drilled in 2013. The exploration program is 
expected to comprise the drilling of three exploration wells, in already 
identified and defined prospects, targeting two prospects in PEL 23 and one in 
PEL 24. These prospects carry both oil and gas assessments with material 
volumes, and are expected to be more oil prone. 
The three PELs cover an area of 37,744 km(2) in water depths ranging from 180 
meters to 2,500 meters. Both Walvis and Orange basins are located in a new 
exploratory frontier area in an emerging hydrocarbon province with potential 
for oil and natural gas discoveries with already identified, drill-ready 
prospects. 
It is important to highlight that HRT has carried out the largest 3D seismic 
acquisition campaign with excellent quality off the Namibian coast, which 
covered the areas where the three wells will be drilled, decreasing, 
therefore, the exploration risk. 
The main targets of these prospects have a combined estimated gross 
recoverable resource of almost 8 billion bbl (unrisked mean estimate) with POS 
(probability of success) in the 20% - 30% range. 
"We are honored to haveGalpEnergia as a partner in these highly 
prospective assets. This partnership will enable HRT to bring into its 
drilling campaignthe experience of a major company that has had outstanding 
performance in the search for hydrocarbons in frontier-exploration projects 
such as the Brazilian pre-salt and also the West-African deep-waters", CEO 
Marcio Rocha Mello commented. 
The transaction is subject to the requisite regulatory approvals, specifically 
the Namibian government approval. 
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 
For further information regarding such prospective resources please refer to 
HRT's Statement of Reserves Data and Other Oil and Gas Information for fiscal 
year ended December 31, 2011 (Form NI 51-101F1) dated March 26, 2012 and filed 
under the Company's profile on SEDAR at www.sedar.com. The prospective 
resources estimates described therein and in this release are "undiscovered 
resources" as defined in the Canadian Oil and Gas Evaluation Handbook. There 
is no certainty that any portion of these resources will be discovered. If 
discovered, there is no certainty that it will be commercially viable to 
produce any portion of the resources. Undiscovered resources are defined as 
those quantities of oil and gas estimates on a given date to be contained in 
accumulations yet to be discovered. The estimate of the potentially 
recoverable portions of undiscovered resources are classified as prospective 
resources. Prospective resources are defined as those quantities of oil and 
gas estimated on a given date to be potentially recoverable from undiscovered 
accumulations by application of future development projects. 
The above prospective resource estimate is presented in barrel of oil 
equivalents ("BOE's"). BOE's may be misleading, particularly if used in 
isolation. A BOE conversion ratio of 6 Mcf: 1 bbl is based on an energy 
equivalency conversion method primarily applicable at the burner tip and does 
not represent a value equivalency at the wellhead." 
Disclaimer
This news release contains forward-looking statements. All statements other 
than statements of historical fact contained in this news release are 
forward-looking statements, including, without limitation, statements 
regarding our drilling and seismic plans, operating costs, acquisitions of 
equipment, expectations of finding oil, the quality of oil we expect to 
produce and our other plans and objectives. Readers can identify many of these 
statements by looking for words such as "expects", "believe", "hope" and 
"will" and similar words or the negative thereof. Although management believes 
that the expectations represented in such forward-looking statements are 
reasonable, there can be no assurance that such expectations will prove to be 
correct. By their nature, forward-looking statements require us to make 
assumptions and, accordingly, forward-looking statements are subject to 
inherent risks and uncertainties. We caution readers of this news release not 
to place undue reliance on our forward-looking statements because a number of 
factors may cause actual future circumstances, results, conditions, actions or 
events to differ materially from the plans, expectations, estimates or 
intentions expressed in the forward-looking statements and the assumptions 
underlying the forward-looking statements. 
The following risk factors could affect our operations: the contingent 
resource and prospective resource evaluation reports involving a significant 
degree of uncertainty and being based on projections that may not prove to be 
accurate; inherent risks to the exploration and production of oil and natural 
gas; limited operating history as an oil and natural gas exploration and 
production company; drilling and other operational hazards; breakdown or 
failure of equipment or processes; contractor or operator errors; 
non-performance by third party contractors; labour disputes, disruptions or 
declines in productivity; increases in materials or labour costs; inability to 
attract sufficient labour; requirements for significant capital investment and 
maintenance expenses which HRT may not be able to finance; cost overruns and 
delays; exposure to fluctuations in currency and commodity prices; political 
and economic conditions in Namibia and Brazil; complex laws that can affect 
the cost, manner or feasibility of doing business; environmental, safety and 
health regulation which may become stricter in the future and lead to an 
increase in liabilities and capital expenditures, including indemnity and 
penalties for environmental damage; early termination, non-renewal and other 
similar provisions in concession contracts; and competition. We caution that 
this list of factors is not exhaustive and that, when relying on 
forward-looking statements to make decisions, investors and others should also 
carefully consider other uncertainties and potential events. The 
forward-looking statements herein are made based on the assumption that our 
plans and operations will not be affected by such risks, but that, if our 
plans and operations are affected by such risks, the forward-looking 
statements may become inaccurate. 
The forward-looking statements contained herein are expressly qualified in 
their entirety by this cautionary statement. The forward-looking statements 
included in this news release are made as of the date of this news release. 
Except as required by applicable securities laws, we do not undertake to 
update such forward-looking statements. 
Carlos Tersandro Fonseca Adeodato - CFO and Investor Relations Officer +55 21 
2105-9700 ri@hrt.com.br 
SOURCE: HRT Participações em Petróleo S.A. 
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CO: HRT Participações em Petróleo S.A.
NI: OIL ORDER ERN  
-0- Nov/27/2012 04:10 GMT