The Company’s senior management possesses significant technical knowledge and operational experience in the Brazilian and Western African sedimentary basins as well as extensive environmental expertise in Brazilian onshore and offshore E&P activities and regulatory knowledge of the Brazilian oil and natural gas industry.

Since the formation of IPEX (now HRT’s subsidiary) in 2004, the Company’s founders have been among the leading geological and geophysical (“G&G”) services providers to the E&P industry, concentrating primarily on South America. Taking advantage of the Company’s ability to interpret and analyze seismic, geological, geochemical and geophysical data, HRT has selected and secured strategically located exploration blocks in onshore basins in Brazil and offshore basins in Namibia, focusing its exploration and development efforts on areas that are largely underexplored but with high untapped hydrocarbon potential.

HRT believes it is one of the largest independent Brazilian E&P oil companies, measured by acreage, with a portfolio of exploration blocks of approximately 75,425 km² (18.6 million acres) in onshore blocks in the Solimões, Espírito Santo, Recôncavo and Rio do Peixe Basins in Brazil, and offshore blocks in the Walvis and Orange Sub-basins in Namibia.

In August 2010, DeGolyer & MacNaughton, or D&M, a leading consultant in reserves and resources estimation for the global oil and natural gas industry, estimated, net to HRT, 1,532 million BOE (mean estimate) of Pe-Adjusted prospective resources and 542 million BOE in 3C contingent resources within geographic portions of the Company’s assets where HRT has thus far conducted surveys and identified prospects and leads.

Source: http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=44&tipo=32080