RIO DE JANEIRO, Aug 14 (Reuters) - Brazilian oil and naturalgas producer HRT Participações SA intends to reduceexploration activities in the Amazon to a minimum and focus onthree offshore wells in Namibia, Chief Executive Milton Frankesaid on Wednesday.
The company said it hired Goldman Sachs as a globaladviser to help sell some assets or find partners. The firstresults of the efforts will show in the fourth quarter, Frankesaid on a conference call with analysts.
HRT shares, which fell more than 3 percent Wednesday morningafter the company posted a second-quarter loss, erased all ofthe deficit and was up 7.1 percent.
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