Shares of Brazil's HRT Participacoes em Petroleo (HRTPY.PK -25%) plunge after its Murombe-1 well, the second in its current exploration campaign offshore Namibia, comes up dry. HRT will move the Transocean Marianas rig south to drill the Moosehead Prospect, the third and likely the last well for HRT in Namibia. UBS cuts shares to Sell from Neutral.
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