MATERIAL FACT - Strategic Divestment Program

RIO DE JANEIRO, July 22, 2013 /CNW/ - HRT Participações em Petróleo S.A. 
(the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP), following the 
creation of a Special Committee to promptly evaluate inorganic development 
options for HRT, as previously disclosed on July 1(st), 2013, announces the 
following initiatives: 


    --  The signing of an updated contract, on July 19(th) 2013, with
        Erickson Air-Crane Inc. (the "Buyer") for the sale of HRT's air
        logistics business, Air Amazonia, reflecting a reduced work
        program for the Solimões. This event replaces the binding Term
        Sheet announced on March 7(th), 2013.

The updated contract reflects the revised work program for the Solimões, 
provides certain advantages to improve HRT financial risk management and 
increases operational flexibility as compared to the earlier structure. The 
new terms include a reduction of the number of aircraft sold exclusively to 
the Buyer and a one-year initial term with annual renewal options and 
structured incentives over an additional four years.

Key components of the new agreement include:
    --  The sale of 6 helicopters.
    --  An aerial services agreement with an initial one-year term and
        four one-year options to support HRT's operations in the
        Solimões Basin.
    --  An agreed-upon total transaction price between US$26 million
        and US$40 million depending on meeting certain contractual
        terms.
    --  The Company has granted the Buyer with the right of first
        refusal on the sale of aircraft in the remaining fleet of 8
        helicopters and on additional aerial services work that the
        Company may require.
    --  Both companies expect to complete the sale in the third
        quarter.

Additionally, the Company is continuing with its plan to sell its remaining 
fleet of 8 helicopters and is currently in ongoing negotiations with other 
potential buyers. The market value of these helicopters is approximately US$ 
30 million.
    --  The commencement of discussions with leading companies to
        evaluate the sale of HRT's world class geochemistry services
        provider IPEXco.

IPEXco is a Brazilian Company, providing integrated analytical services and 
technology to support petroleum production and exploration players. IPEXco's 
projects are diversified and range from molecular geochemistry of oil and gas 
samples, to 3D modeling of basins. IPEXco laboratory facilities have attained 
important certifications, such as ISO 9001:2008 and ISO 17025:2005.

HRT has decided to open a virtual data room to expedite access to 
information on IPEXco and its business for potentially interested companies.
    --  The launch of the sale of four heli-transportable drilling rigs
        with the capacity to drill up to a 4,000 meters depth.

We are in preliminary negotiations with potential buyers and results should be 
disclosed as soon as HRT has entered into a final agreement. The market value 
for the drilling rigs ranges from, approximately, US$ 40 million to US$ 50 
million.

"This strategic process of divestment is focused on concentrating our efforts 
on our exploratory activity and in the transition process and operation of the 
Polvo field, as well as recover relevant financial resources to strengthen the 
cash position of HRT. These are potential paths forward to maximize value for 
HRT shareholders", highlighted Milton Franke, CEO of HRT.

For additional 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:

Ricardo Bottas Dourado- CFO and Investor Relations Officer Sandra Calcado - 
Investor Relations Manager Tainah Costa - Investor Relations Senior Analyst

+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 

-0- Jul/22/2013 15:31 GMT