HRT Participacoes em Petroleo blocks 2813-A, 2814-B and 2914-A in the Orange Basin, Namibia, have a net potential resources volume of 7.9 billion barrels of oil equivalent.

Consultant DeGolyer & MacNaughton’s report estimated that HRT now has total net potential resources of 815 million barrels of oil equivalent, of which 649 million barrels are crude oil and 166 million barrels are gas.

HRT will drill four exploration wells offshore Namibia in 2012 and is in discussions to secure a rig capable of drilling in water depths of 800-1,500m.