HRT Ramps Up Spending For High-Risk Exploration Strategy

摘要

BMI View: HRT is pursuing a high-risk exploration strategy in unproven basins onshore Brazil and offshore Namibia, but huge potential resources create the possibility of signifcant rewards for investors. Brazilian independent start-up HRT, which is part of a growing crop of independent oil and gas explorers to emerge from the South American country's oil boom, has set out an aggressive fve-year spending plan as it targets resources in its onshore Brazilian and offshore Namibian acreage.