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Material Fact - HRT Appoints New CEO

RIO DE JANEIRO, May 13, 2013 /CNW/ - HRT Participações em Petróleo S.A. 
(the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) is pleased to 
announce the appointment of Milton Romeu Franke as Chief Executive Officer 
("CEO") of the Company effective immediately and in accordance with such 
unanimous decision of the Board of Directors of the Company. 
Milton Romeu Franke joined HRT in 2009 and has served on the Company's Board 
of Officers with lead responsibility for Engineering, Drilling and Production. 
During his extensive and prominent career in the energy industry, Mr. Franke 
worked at Petrobras for 26 years, during which he held senior responsibility 
for corporate planning, engineering, and research functions, among others. Mr. 
Franke also provided energy consulting services for ten years together with 
Booz, Allen & Hamilton, a leading global management consulting firm, and also 
worked at Brazil's licensing agency, ANP. 
John Willott, Chairman of HRT's Board of Directors and formerly VP for 
Exploration at ExxonMobil, commented, "Milton's vast experience in the 
industry, his familiarity with HRT, and the respect he commands as a 
thoughtful and diligent professional will enable him to provide stability and 
leadership at this important stage of the Company's development. On behalf of 
the Board of Directors, I congratulate Milton on his appointment to CEO and 
look forward to working closely with him to deliver HRT's full potential." 
Milton Franke added, "HRT's portfolio and people provide a strong foundation 
for the Company to develop into a leading international E&P player, and 2013 
will be a defining year for all of us. I am honored to have been asked by the 
Board to lead the management team at such an important juncture, and we will 
continue to focus on improving execution of the great opportunity set we have." 
HRT also announced today that Wagner Peres, President of HRT America, had 
informed the Board of his decision to leave from his management role effective 
on May 10th, 2013. Mr. Peres will continue to provide oversight and 
contribute to the Company's future development as a member of the Board of 
Directors. The Company expects to identify and announce a replacement to 
assume Mr. Peres' responsibilities in HRT America soon. 
For further information, please 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 
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. 
IR CONTACT: 
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 
ri@hrt.com.br 
SOURCE: HRT Participações em Petróleo S.A. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/May2013/13/c6221.html 
CO: HRT Participações em Petróleo S.A.
NI: OIL 2575 WNEWS  
-0- May/13/2013 15:07 GMT
 
 
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