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 State-controlled oil multinational Petrobras informed Friday, November 21, that it has discovered new reserves of light oil in the pre-salt area along the coastline of the state of Espírito Santo, in the Brazilian Southeast.
In a press release, the enterprise reports that it is located in the area known as "Parque das Baleias" (Whale Park), north of the Campos Basin.
"The recoverable volume of discoveries, made in pre-salt reservoirs below the heavy oil fields of Baleia Franca, Baleia Azul and Jubarte, is estimated to be among 1.5 billion and 2 billion barrels of oil equivalent," according to the release.
The discovery was communicated to Brazil's National gasolineeum, Natural Gas and Biofuel Agency (ANP) as a relevant fact.
According to Petrobras, the two wells drilled are located approximately 80 kilometers off the coast. In these two wells, reservoirs are located between 4,200 and 4,800 meters below sea level, and have porous thickness with oil at 190 and 300 meters, which attests to the great potential of the findings.
According to the state-owned company, so far, six wells have already been drilled in the pre-salt section of Espírito Santo, all of which were successful. After the new discoveries, the estimated total oil volume in the Whale Park area, including reservoirs located above and below the salt layer, already totals to approximately 3.5 billion barrels of oil.
"The excellent results of those two drillings, the excellent results of the long-term tests at the first well to be drilled, 1-ESS-103A, and the logistic facilities already installed and being installed in the area are leading Petrobras to intensify its studies so as to speed up production in the pre-salt layer in the state of Espírito Santo," according to the release.
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The small, coastal town of Condé is located just a twenty minute's drive from João Pessoa, the capital of Paraíba. The Northeast of Brazil has historically been a place of encounter and mixing between peoples. For millenia groups of indigenous people fished, farmed, migrated and sometimes fought along this large, fertile area. 
The Brazilian diplo-MÁ-cia (bad diplomacy) carries on its accelerated course towards the non-acknowledgment of human rights, although sometimes it takes pleasure in saying that it does precisely the opposite. The visit of Iran's president, Mahmoud Ahmadinejad, is another example of a diplomatic omission that verges on hypocrisy. 
On July 4, 2006, representatives of Argentina, Brazil, Paraguay and Uruguay met in Caracas to sign the protocol for the entrance of Venezuela into the Southern Common Market (Mercosur). After two and a half years, the protocol was approved by the legislative bodies of Argentina and Uruguay, and as of now it may be only days away from being ratified by the continent's economic megalith, Brazil. 
Some sectors of the fight against AIDS have suggested that Thabo Mbeki, the former president of South Africa, committed genocide through his absence from the fight against the illness in his country throughout his two terms. 
One hundred and eleven years after Brazil abolished slavery, the number of workers deprived of their freedom is still huge. They raise cattle, produce charcoal, sugar cane or timber. Some of them, most undocumented Bolivians, work in basements of small apparel factories in São Paulo and other metropolis. 
On November 7, 2009 a few friends and I had an opportunity to take a look inside a Brazilian jail outside the city of Rio de Janeiro. We were able to take some amateur footage of our experience on video (see link below). It's no surprise, of course, that the typical Brazilian jail lacks some of the functionality of those in North America or Europe, but our experience that day was quite shocking. 
Depletion of the Amazon Rainforest is not a new concern facing environmentalists, biologists, ecologists, and a growing number of the Amazonian indigenous peoples. For decades they have feared for the fate of the world's most biologically diverse and species-rich hothouse. 
Geisy Arruda made history this week in Brazil, but for all the wrong reasons. What began as a poorly planned fashion statement has become a worldwide tale. Geisy decided to wear a pink mini-dress to her private college in São Paulo state, and after that, all hell broke loose. 
The push of vigilante groups in Rio de Janeiro's favelas (shantytowns) in the last three years is the most important and alarming information of the just-released study by the Rio de Janeiro University's Violence Research Center (Nupev-Uerj). 
A dispute over drug trafficking territory in Rio de Janeiro has intensified lately, leaving in its wake unprecedented acts of violence, such as the downing of a police helicopter in the northern zone of the city on October 17. Three policemen died and another two were injured. This event has drawn the attention of the international media, who are raising the issue of public security for the 2016 Olympics to be held in Rio.
And oil companies around the world had a stock price recovery of around 7-10 % last Friday...without any new oil discoveries !!!!
Conclusion ?
A) BUY the Brl as soon as possible on Monday when currencies markets open.... well before the BOVESPA opens
B) BUY Petrobras stock at the market opening and at the same time sell your Brl bought just earlier. Because your Petrobras stock price already also include the Brl currency price.
C) Petrobras should be bought for a nice quick trade.....but not for a longer term time frame !
D) the trade should be done in relation to the U.S. oil companies last Friday movements, but not in relation to their 2 billion barrels new discovery !