OREANDA-NEWS. HRT Participates em Petroleo S.A. (the “Company” or “HRT”) (BM&FBOVESPA: HRTP3, TSX-V: HRP) is pleased to announce the appointment of Mr. Nilo Chagas de Azambuja Filho as Chief Executive Officer (“CEO”) of the wholly-owned subsidiary HRT O&G Exploragao e Produgao de Petroleo Ltda. (“HRT O&G”), replacing Mr. Milton Romeu Franke, who officially took over the role of Chief Executive Officer of HRT on May 13th, 2013. Mr. Azambuja will maintain his position as HRT's Technical Officer as well.

A Petroleum Geologist, who holds a PhD degree in Sedimentology, Nilo Azambuja has a 30-year experience working for Petrobras, where he served as the Head of the Stratigraphy of CENPES (Petrobras’ Research Center) and as the Manager of the Exploration Division at CENPES.

"Nilo Azambuja is one of the HRT’s founders and had a fundamental role in the implementation of the Company’s strategy. His appointment as the CEO ensures that HRT O&G’s business management will continue", states Milton Franke, CEO of HRT.