Looks to be bit of a coup at HRTPeres has also resigned, he was...

Looks to be bit of a coup at HRT

Peres has also resigned, he was negotiating the farmout for Namibia and the fourth well. I have no idea what this means... Amazing they had a CEO in the wings so quickly. Nothing in the announcement about the intentions for Namibia, but is does seem to fit with a less aggressive explorer.

RIO DE JANEIRO, May 13, 2013 /CNW/ - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) is pleased to announce the appointment of Milton Romeu Franke as Chief Executive Officer ("CEO") of the Company effective immediately and in accordance with such unanimous decision of the Board of Directors of the Company.

Milton Romeu Franke joined HRT in 2009 and has served on the Company's Board of Officers with lead responsibility for Engineering, Drilling and Production. During his extensive and prominent career in the energy industry, Mr. Franke worked at Petrobras for 26 years, during which he held senior responsibility for corporate planning, engineering, and research functions, among others. Mr. Franke also provided energy consulting services for ten years together with Booz, Allen & Hamilton, a leading global management consulting firm, and also worked at Brazil's licensing agency, ANP.


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