RIO DE JANEIRO, March 23, 2016 /CNW/ - Petro Rio S.A. ("PetroRio" or the "Company")
(BM&FBOVESPA: PRIO3, TSX-V: PRJ) informs that has filed today
an extended press release, Financial Statements and related
Management's Discussion and Analysis ("MD&A") for the year
ended December 31, 2015, which are
available on SEDAR at www.sedar.com or on the Company's website at
www.petroriosa.com.br. The Company will host a conference
call tomorrow, March 24, at
10:00 a.m. US EST time. Instructions
are available on the Company's website at
www.petroriosa.com.br.
Sedar Profile # 00031536
Neither the TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
About PetroRio
PetroRio is one of the largest
independent companies in the oil and gas production in Brazil. It is the operator of the Polvo Field,
located in the Campos Basin, which has Brazil's seventh largest daily production of
barrels of oil equivalent (boe). PetroRio is the owner of "Polvo A"
fixed platform and a 3.000HP drilling rig, currently in operation
in this Field, being the platform connected to the "Polvo FPSO"
vessel, with capacity to segregate hydrocarbons and water
treatment, oil storage and offloading. Polvo Field license covers
an area of approximately 134km2, with several prospects with
potential for further explorations.
The Company´s corporate culture seeks to increase production
through the acquisition of new production assets, the
re-exploration of assets, increased operational efficiency and
reduction of production costs and corporate expenses. PetroRio's
main objective is to create value for its shareholders with growing
financial discipline and preserving its liquidity, with full
respect for safety and the environment. For further information,
please visit the Company's website: www.petroriosa.com.br.
SOURCE PetroRio