HRT Participações em Petróleo S.A - Announcement to the Shareholders

HRT Participações em Petróleo S.A - Announcement to the Shareholders 
RIO DE JANEIRO, April 19, 2013 /CNW/ - HRT Participações em Petróleo S.A. 
(the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) informs its 
shareholders, in connection with the announcement released on April 16, 2013, 
that the voting procedure for the election of Board Members has been adjusted 
and will occur through the adoption of the cumulative voting procedure (voto 
According to the cumulative voting procedure and considering that (i) there 
will be 11 vacant positions in the Company's Board of Directors; and (ii) each 
2 Global Depositary Shares corresponds to 1 Common Share, each 1 Common Share 
or each 2 Global Depositary Shares shall grant to its owner 11 votes to be 
allocated among the candidates. 
Therefore, due to the adoption of the cumulative voting procedure, the 
information and guidelines provided by the Company to the shareholders, namely 
those who do not participate in the meetings in person and cast their votes 
through voting instructions, are, at this time, outdated and inaccurate. 
In this regard, the Company kindly suggests to the shareholders who have 
already casted their vote through HRT's electronic voting platform to revoke 
their previous votes and vote again on the revised matters already listed on 
that voting platform, which can be accessed 
through HRT's investor relations homepage Electronic 
proxies will be accepted by the platform up to 11:59 p.m. (Rio de Janeiro 
time) on April 26, 2013. 
For the holders of HRT's Global Depositary Shares, Deutsche Bank Trust Company 
Americas, the Depositary of the Global Depositary Shares will send a new 
voting instruction form duly adjusted. The Depositary has fixed 12:00 p.m. 
(New York Time) on April 26, 2013, or no later than forty-eight (48) hours 
(excluding Saturdays, Sundays and holidays) before the time of any adjourned 
Annual Ordinary Meeting, as the time by which written voting instructions must 
be received from holders of Global Depositary Shares in order for such written 
voting instructions to be carried out by the Depositary pursuant to the terms 
of the deposit agreement. 
In view of the above, as informed in the announcement released on April 16, 
2013, the Shareholders can allocate their votes to elect the new members of 
the Board of Directors among the following candidates: 
I.The Management of the Company proposes Messrs. Marcio Rocha Mello, 
Milton Romeu Franke, Wagner Elias Peres, John Anderson Willott, Elias 
Ndevanjema Shikongo, Carlos Thadeu de Freitas Gomes, William Lawrence Fisher, 
Joseph P. Ash, Peter L. O'Brien, Thomas W. Ebbern, and Charles Laganá Putz, 
as candidates for the Board of Directors of the Company, as previously 
presented in the Management Proposal. 
II.Other shareholders propose Messrs. Stefan Alexander, François 
Moreau and Oscar Alfredo Prieto as candidates for the Board of Directors of 
the Company. 
HRT encourages all shareholders to participate in the Company's annual and 
special meetings. In case any shareholder is not fully registered to vote 
electronically yet, HRT urges them to visit and register in the online meeting 
platform at The Company is committed on making 
the voting process at its Shareholders' Meetings as much transparent as 
possible, enabling all its shareholders to exercising their voting rights. 
The updated supporting documents related to this Announcement were published 
through the Company's website at, and on the 
websites of the CVM ( and BM&FBOVESPA (, 
through the IPE system, on the date hereof. 
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 
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. 
Please contact the HRT`s Investor Relations Department. 
Carlos Tersandro Fonseca Adeodato - CFO and Investor Relations Officer Sandra 
Calcado - Investor Relations Manager Priscila Sarandy - Investor Relations 
Specialist Tainah Costa - Investor Relations Senior Analyst 
+55 21 2105-9700 
SOURCE: HRT Participações em Petróleo S.A. 
To view this news release in HTML formatting, please use the following URL: 
CO: HRT Participações em Petróleo S.A.
-0- Apr/19/2013 15:18 GMT
Press spacebar to pause and continue. Press esc to stop.