Material Fact - HRT and Rosneft sign final agreements on the assignment of a 6% working interest in the Solimões blocks and the

Material Fact - HRT and Rosneft sign final agreements on the assignment of a 
6% working interest in the Solimões blocks and the sale of four drilling rigs 
to Rosneft, which shall be the operator with 51% 
RIO DE JANEIRO, Brazil, March 24, 2014 /CNW/ - HRT Participações em 
Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) 
hereby informs that its subsidiaries HRT O&G Exploração e Produção de 
Petróleo Ltda. ("HRT O&G") and HRT Netherlands B.V. ("HRT BV"), and Rosneft 
Oil Company's subsidiaries, Rosneft Brasil E&P Ltda. ("Rosneft Brasil") and 
Rosneft Latin America S.A.R.L ("Rosneft LatAm"), in continuation to the 
preliminary agreement disclosed to the market on November 22(nd), 2013, have 
signed, on March 22(nd) 2014, the final agreements, regarding HRT O&G's sale 
of 6% working interest, which will hold 49%, and the transfer of operatorship 
in their Joint Venture in the Solimões Sedimentary Basin to Rosneft Brasil, 
holding 51%. As previously released, this transaction also encompasses the 
sale of four heli-transportable drilling rigs by HRT BV to Rosneft LatAm. 
The relevant transaction amounts to USD 96 million. From that amount, USD 54 
million were received during the second half of 2013, other USD 18 million 
will be received by the end of the first quarter of 2014, and the remaining 
amount of USD 24 million will be received when transaction is completed upon 
ANP approval in mid-2014. The total amount refers to the sale of 6% working 
interest, the transfer of operatorship in their Joint Venture in the Solimões 
Sedimentary Basin to Rosneft, the sale of four heli-transportable drilling 
rigs and the settlement of the outstanding cash calls owed by Rosneft until 
October 2013. Rosneft will also provide HRT a loan facility up to USD 40 
million to finance HRT investments in Solimões for a period of 12 months from 
the closing date. Rosneft Brasil is fully in compliance with its Joint 
Operating Agreement (JOA) obligations. 
The transition process between the teams of both companies has already begun. 
HRT and Rosneft Brasil have been working on the transition of their teams, 
including the transfer of HRT personnel to Rosneft Brasil and operations, so 
that the final transfer occurs in a continuous and integrated manner, and 
observing safety, performance and quality standards. 
The signing of the final agreements replaces the preliminary agreement as of 
November 22(nd), 2013. Completion of the purchase and sale agreement between 
HRT O&G and Rosneft Brasil of the 6% working interest (Solimões Blocks) will 
be contingent upon the fulfilment of certain contractual conditions, including 
the final approval by the National Agency of Petroleum, Natural Gas and 
Biofuels (ANP). 
"Signing of these agreements means excellent news for both companies. 
Restatement of this partnership brings HRT the confirmation of our partner's 
confidence, and also ours, in the potential for development of the Solimões 
Basin. We own a large knowledge of Solimões and we believe in the potential 
for exploration and future development", highlighted Milton Franke, CEO of HRT. 
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, 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/March2014/24/c6754.html 
CO: HRT Participações em Petróleo S.A.
NI: OIL FIN LOAN MNA VNT  
-0- Mar/24/2014 14:07 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.