Material Fact - Updates on the Strategic Divestment Program

RIO DE JANEIRO, Sept. 4, 2013 /CNW/ - HRT Participações em Petróleo S.A. 
(the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP), after announcing 
its initiatives designed to divest the non-core assets and its focus on the 
recovery of financial resources, as disclosed on July 22(nd), 2013, informs 
the status of the following initiatives: 


    --  Conclusion of the sale, on September 3(rd), 2013, of its air
        logistics business, Air Amazonia, and part of its helicopters
        fleet, to Erickson Air-Crane Inc (the "Buyer" or "Erickson")
        In this transaction, the Company has transferred to Erickson
        its wholly-owned subsidiary, Air Amazonia, including a team of
        fifty-nine (59) professionals, apart from six (6) helicopters
        (2 small, 2 mid and 2 heavy sizes), having received, as of
        yesterday, the amount of US$ 23 million, and an additional US$
        3 million will be received within twelve (12) months. The
        transaction price was US$ 26 million, and may reach up to US$
        40 million, contingent upon meeting certain contractual terms.
        Through the same transaction, the signing of one-year aerial
        services agreement to support HRT's operations in the Solimões
        Basin was concluded, with an annual renewal option for
        additional four years. Furthermore, the Company has granted
        Erickson the right of first refusal to purchase the remaining
        fleet of eight (8) helicopters and on aerial supporting
        services in HRT´s future operations in other regions.
    --  Disposal of eight (8) helicopters not included in the
        transaction with Erickson
        HRT has received a firm offer to sell one of its Bell 212
        helicopters, as well as concluded the claim regulation process
        to recover the value of another helicopter, of the same type,
        which crashed this year. The Company relies on the support of
        specialized international brokers to sell this group of
        aircraft, which has a total indicative value of US$ 30 million.
    --  Disposal of three (3) EMB 120 aircraft ("Embraer Brasília") and
        one (1) Cesna Caravan aircraft
        HRT concluded the sale of the first airplane, having received
        US$ 1.8 million, and has received firm offer to sell the second
        one. The company relies on the support of specialized
        international brokers to sell these airplanes.
    --  The sale offer of four heli-transportable drilling rigs with
        the capacity to drill up to 4,000 meters depth and four cranes,
        which support in the operation and in the assembly of the rigs
        The Company follows through on negotiations with potential
        buyers. As previously disclosed, the market value for the
        drilling rigs may reach US$ 50 million.
    --  The sale process of the geochemistry service provider, IPEXco
        After opening a virtual data room in July 2013, HRT pursues in
        talks with ten (10) companies that showed interest in
        evaluating the asset, being some of them in an advanced
        evaluation stage. The Company intends to receive proposals from
        the beginning of the 4th quarter and conclude the sale process
        until the end of the fiscal year 2013.

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. and HRT Canada 
Inc.. The Company retains a 55% interest in 19 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.



SOURCE  HRT Participações em Petróleo S.A. 
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 
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CO: HRT Participações em Petróleo S.A.
NI: OIL  
-0- Sep/04/2013 13:53 GMT
 
 
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