Material Fact - HRT starts its activities on Polvo Field today and becomes the fifth largest oil operator in Brazil

Material Fact - HRT starts its activities on Polvo Field today and becomes the 
fifth largest oil operator in Brazil 
RIO DE JANEIRO, Jan. 9, 2014 /CNW/ - HRT Participações em Petróleo SA (the 
"Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP), together with its 
subsidiary, HRT O&G Exploração e Produção de Petróleo Ltda. ("HRT O&G"), 
reports that it was concluded on January 8(th), 2014 the commercial 
transaction with BP Energy do Brasil Ltda ("BP") for the transfer of 60% 
working interest in the Polvo Field to HRT, becoming the operator. In 
addition, HRT acquired 100% interest in BP ENERGY AMERICA, LLC ("BPEA") which 
owns the fixed platform, "Polvo A" and a 3,000 HP drilling rig that operates 
in the field. Maersk Oil Brasil Ltda ("MAERSK") is the partner of HRT in the 
field, with 40% participating interest. 
The Polvo Field is located in the southern portion of the Campos Basin, 100 km 
eastward of the city of Cabo Frio, State of Rio de Janeiro, in Brazil. The 
field's current daily production is approximately 12,000 barrels of oil per 
day through 10 producing wells that were drilled in the three different 
reservoirs. The area of Polvo license extends for 134 sq. km and contains 
several prospects for future exploration. The platform "Polvo A" is connected 
to the "FPSO Polvo" operated by BW Offshore ("BWO") through a contract that 
can be renewed up to the next 8 years. This FPSO has capacity for separation 
of hydrocarbons, water treatment, oil storage and offloading. 
On May 6(th) 2013, HRT and BP signed a Purchase and Sale Agreement ("PSA") 
with an agreed price of US$ 135 million, with an effective date of January 
1(st) 2013. The total field production in 2013 was approximately 4.2 million 
barrels of oil and the amount paid by HRT by the time of closing was $101 
million after purchase price adjustments provided for in the PSA. The 
preliminary operating result of the field in 2013 to BP was approximately $67 
million (60%). HRT will still receive its share of produced oil that was not 
exported and is stored in the FPSO, which totals approximately 300,000 barrels. 
HRT's plans propose the drilling of the first development well in 2014, with 
the intent to increase the production from proved undeveloped reserves. The 
acquisition of Polvo Field makes HRT the fifth largest operator of oil fields 
in Brazil. 
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 six 
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 and 60% of interest in The Polvo Field, is located in the 
southern portion of the Campos 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. 
CONTACT INFORMATION: 
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 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/January2014/09/c7791.html 
CO: HRT Participações em Petróleo S.A.
ST: Ontario
NI: OIL  
-0- Jan/09/2014 13:00 GMT
 
 
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