Company shares, already battered by the company's various setbacks, were trading down nearly 14% Monday on Brazil's Bovespa exchange after the company said late Friday it had also failed to find oil at Murombe-1, the second of three offshore wildcats off the African nation.
HRT said it had signed an updated agreement with Erickson Air-Crane worth up to $40 million for the sale of its air logistics business, including six helicopters, in light of a "reduced work programme" in Brazil's remote Solimoes basin.
It
