October 2, 2019
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in accordance with art. 26 of the Novo Mercado Regulation, and in addition to the Material Facts of October 29, 2018, January 30, 2019, February 13, 2019 and March 25, 2019, informs its shareholders, on this date, conditions precedent having been met and necessary approvals granted, the closing of the acquisition of Frade Japão Petróleo Limitada (“FJPL”), holding a 18.26% working interest in Frade, along with a proportional stake in the operating assets of the Field.
From this date, the economic benefit stemming from the 18.26% interest in the Frade Field will be incorporated into PetroRio’s financial statements
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