HRT O&G spuds well 1-HRT-11-AM

HRT O&G spuds well 1-HRT-11-AM

HRT Participações em Petróleo S.A. (the “Company” or “HRT”) (BM&FBOVESPA: HRTP3, TSX-V: HRP) announces that its wholly-owned subsidiary HRT O&G Exploração e Produção de Petróleo Ltda (“HRT O&G”) spudded, on March 17, 2013, the well 1-HRT-11-AM, on the Cajazeira prospect, at SOL-T-172 Block, in the Solimões Basin, Municipality of Coari, State of Amazonas.
The well 1-HRT-11-AM is located at approximately 60 km to the northeast of the Leste do Urucu Field and aims to test an elongated NE-SW domic structure, with 17 km2 area, similar to the Juruá/Tefé and Urucu trends.
The main target of this well is to identify the presence of hydrocarbons in Carboniferous reservoirs of the Juruá Formation, expected at 2,035 meters depth. The secondary target is to identify the Devonian reservoirs of the Uerê Formation expected at 2,080 meters depth, with hydrocarbon accumulations. This well is being drilled by the QG-VIII and has its proposed total depth at 2,175 meters.
HRT is the operator of 21 blocks in the Solimões Basin, which it is exploring in partnership with TNK-Brasil.
SOURCE: HRT
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