Results of the Moosehead-1 well offshore Namibia

RIO DE JANEIRO, Sept. 9, 2013 /CNW/ - HRT Participações em Petróleo S.A. 
(the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) announces that the 
Moosehead-1 well (2713/16-1) ("Moosehead-1"), the third offshore well in our 
exploratory drilling campaign, is a dry hole. This well targeted the Moosehead 
Prospect, located in Petroleum Exploration License 24 ("PEL-24"), in the 
Orange Basin, offshore the Republic of Namibia. 
The main objective of the Moosehead-1 well was to test the resource potential 
of Barremian-aged carbonate reservoirs, expected to be equivalent to the 
Brazil and Angola "pre-salt" reservoirs, within a 546 km(2) 4-way dip closure, 
mapped on 3D seismic. Extensive formation evaluation was performed to confirm 
the nature and quality of the carbonate reservoir and source rock intervals, 
including wireline logs and sidewall core samples. 
The Moosehead-1 well encountered approximately 100m of carbonates at the 
primary target. The nature of the reservoir, though further analysis of data 
collected will be necessary, appears similar to the "pre-salt" reservoirs as 
predicted. However, porosity was less developed than expected in this 
location, and is being considered a dry-hole. Wet gas shows were encountered 
in the section that increased in wetness with depth. At least two potential 
source rocks were penetrated, including the well-developed Aptian-age source 
rock. Indications of source rocks in the deeper rift section were also 
apparent, though not penetrated. Further analysis of the well sampling will 
greatly help with continuing exploration on the HRT blocks in Namibia. 
The Moosehead-1 well was located in 1,716m of water depth and was drilled to 
4,170m of measured total depth. The well was drilled, wireline logged and P&A, 
in a total of 47 days, by the Transocean Marianas (NYSE:RIG) semi-submersible 
rig. Operational and safety performance was excellent. This completes HRT's 
Namibian drilling campaign and the Transocean Marianas is available for 
HRT is the operator of 10 blocks offshore Namibia, which are contained in 4 
Petroleum Licenses. GALP Energia (NYSE Euronext Lisbon: GALP), with 14% 
participating interest, is HRT's partner to drill the first 3 wells of the 
current exploration campaign. 
"The Moosehead well concludes HRT's first drilling campaign in Namibia with 
very important geological information even though no pay zones were found in 
this well. The time has come for a thorough analysis of our three well results 
and assets in Namibia to develop new plans for 2014 and 2015. We conclude this 
campaign with the understanding that both the Orange and Walvis basins, tested 
with drilling, are oil and gas prone basins, new exploration efforts will 
bring commercial hydrocarbon discoveries and that HRT will be part of the 
future of Namibian exploration", highlighted Milton Franke, the 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. 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: 
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. 
Ricardo Bottas Dourado- CFO and Investor Relations Officer Sandra Calcado - 
Investor Relations Manager Tainah Costa - Investor Relations Senior Analyst 
+55 21 2105-9700 
PDF available at: 
To view this news release in HTML formatting, please use the following URL: 
CO: HRT Participações em Petróleo S.A.
-0- Sep/10/2013 00:49 GMT
Press spacebar to pause and continue. Press esc to stop.