HRT First Quarter 2011 Results May 2011 www.HRT.com.br
HRT Subsidiaries in the World
Solimes Basin HRT First Production Target 55% share of 21 blocks Area of 48,500 Km2 1 52 prospects 430 mm BOE resources 11 existing discoveries 541 mm BOE contingent resources Only 1/3 explored
HRT Drilling Plan - Focus on Results Drilling rigs exploration wells HRT O&G field base TUS-115 2 QG IX QG VIII 1 1 1 2 2 1 TUS-116 1 New Rig 5
New 2D Seismic Survey - 6,000 km New 3D Seismic Survey - 500 km2 2D Seismic 3D Seismic 6
Exploratory Drilling & Evaluation Plan Chibata Field 3D - 200 km2 1-BRSA-769-AM 3D - 133 km2 1-HRT-1-AM 217 km2 335 km2 TA 3 2 Q NSM-11 5 P3 1-HRT-169/01-AM P2 4 1 New JOB 6 prospect GU A 3D - 250 km2…
New seismic* - better basement definition Solimes Basin HRTs First Well is close to Petrobras discovery So Mateus Field NSM-1 1-HRT-1-AM 1-BRSA-769-AM Petrobras Discovery Cretaceous Triassic Carboniferous (D&M) 60 MM bbl of…
HRT Bases in the Solimes Basin April 2011 BATE-1 Tef River - today Porto Gavio - Juru River August 2011 BATE-1 Tef River - tomorrow Mobile River Base 9
HRT Drilling Sites in SOL-T-170 and 169 Blocks Solimes Basin Mobile River Base Solimes Basin 1-HRT-1-SOL Detail View 1-HRT-169/01-AM 1-HRT-169/01-AM - Detail View 1-HRT-1-SOL SOL-170 1-HRT-1-AM 1-HRT-1-AM - Detail…
Extended Well Test Project Plan Early Oil Production Well Completion Flowline Terminal at Tef River (example) Production Facility 11
Namibian Basins Target for Giant Oil Discoveries Share in 12 blocks Area of 63,000 Km2 25 mapped prospects 5.6 billion BOE prospective 2 resources
Namibia - HRT Frontier for Giant Oil Fields New Frontier Analog to Campos and Santos Basins Similarities to Campos and Santos Basins Large acreage Walvis and Orange Basins Similar oil types are present in Campos and Santos, Angola…
Summary of Interpreted Results Interpreted Oil Seeps Simplified Geology Blocks Kudu Field 15
Petroleum Saturation and Accumulations Hydrocarbon leaks to the surface are consistent with Oil Slicks (estimated from satellite data) Kudu 9A-1 Many oil accumulations are predicted to the west of Aptian Reservoir Kudu, in deep…
3D Seismic Acquisition Walvis Basin 3D Base Case 3,750 km 3D Extension 1,428 km 8 cables from 6 to 8km of length 150m spacing between cables Expected duration: 86 days 17
2D and 3D Seismic Data Orange Basin HRT 2011 Acquisition 1,256 km 8 cables 6 km length 100m cable spacing Expected Duration - 37 days Existing Data for Purchase BHPB 2006 3d 1,518 km BHPB 2007 2d - 2,162 km Vendor 2d 7,200…
2D Seismic Line over the HRTs Block Orange Basin B Giant structure A Aptian SA G 40 km 19
Orange Basin Aptian Play W 1800m E 10 km W E 170m Base Microbialites 5 km 20
2D Seismic Line with DHI over the HRTs Block Orange Basin Oil Water Contact TURONIAN PLAY Bright Spot Oil Water Contact APTIAN PLAY Dim Spot 21
Structure Top Transitional Sequence Prospective Resource Estimated Closure Intervals 2713A 2713A&B 2713A&B and 2813A Range Contour Area Contour Area Interval KM2 Range Interval KM2 P90 -3940 449 P90 -3940 750 P50 957 P50 1,576…
Namibia and Brazil Political Risk Source: AON, 2011 Political risk map. 23
Financial Performance - Consolidated TOTAL REVENUE Total revenue stood at R66.4 million - mainly as a result of financial investments Main Accounts 1Q11 4Q10 % Chg (R Million) TOTAL EXPENSES Total Revenue 66.4 54.1 22.7% Personnel…
Financial Performance - Consolidated CASH, CASH EQUIVALENTS AND SECURITIES ACCOUNT Reduction in Cash, Cash Equivalents and Securities, mainly due to the acquisition of fixed assets and the costs Main Accounts (R with intangible…
Opportunities to add value to HRT assets Unrisked Resources 30.6 billion Solimes Basin BOE Up to 31.2 billion BOE Shale Gas Drilling in Namibia 4 wells in Orange and Walvis Solimes Basin Basins Unrisked Orange Basin +…
IR Contacts HRT Participaes S.A. Av. Atlntica 1130 - 10 floor - Copacabana CEP 22021-000 - Rio de Janeiro - RJ - Brazil www.hrt.com.br/ir Marcio Rocha Mello Eliana S. Rodrigues Luis Otvio Pinto CEO and IRO Investor Relations…
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