OGX PETRÓLEO E GÁS PARTICIPAÇÕES S.A.
Public Company - BOVESPA: OGXP3
– OGX Announces Oil and Natural Gas Production Numbers for September 2013 –
Rio de Janeiro, October 10, 2013 - OGX Petróleo e Gás Participações S.A. (“OGX”) (Bovespa: OGXP3; OTC: OGXPY.PK), announces that its average oil and natural gas production for September 2013 reached 13.2 thousand barrels of oil equivalent per day (2.1 million m3 per day), which corresponds to OGX’s share of the average production of natural gas at the onshore Gavião Real Field, in the Parnaíba Basin.
There was no production at the Tubarão Azul Field during the month of September, due to damages to the electrical submersible pumps (ESP) as previously released by the Company. The OGX-26HP well's ESP is being repaired. These repairs are expected to be concluded in October.
Total average production at the Gavião Real Field was of 4.5 million m3 per day (2.1 million m³ net to OGX), with four turbines operating at the Thermo Power Plant I throughout the month of September.
OGX Petróleo e Gás SA is focused on oil and natural gas exploration and production and has a diversified portfolio, comprised of 26 exploratory blocks in the Campos, Santos, Espírito Santo, Pará-Maranhão and Parnaíba Basins in Brazil, and 5 exploratory blocks in Colombia, in the Lower Magdalena Valley and the Cesar-Ranchería basins. The total extension area is of approximately 4,600 km² in sea and approximately 36,700 km² on land, with 24,500 km² in Brazil and 12,200 km² in Colombia. OGX relies upon an experienced management team and holds a solid cash position, with approximately US$326 million in cash (as of June, 31, 2013) to fund its E&P investments and new opportunities. In June of 2008, the company went public raising R$6.7 billion, which at the time was the largest amount ever raised in a Brazilian IPO. OGX is a member of the EBX Group, an industrial group founded and under the leadership of Brazilian entrepreneur Eike F. Batista, who has a proven track record in developing new ventures in the natural resources and infrastructure sectors. For more information, please visit: www.ogx.com.br/ri
This document contains Company-related statements and information that reflect the current vision and/or expectations the Company and its management have regarding its business plan. These include, among others, all forward-looking statements that involve forecasts and projections, indicate or imply results, performance or future achievements, and may contain words such as “believe,” “foresee,” “expect,” “consider,” “is likely to result in” or other words or expressions of similar meaning. Such statements are subject to a series of expressive risks, uncertainty and premises. Please be advised that several important factors can cause the actual results to diverge materially from the plans, objectives, expectations, estimations, and intentions expressed in this document. In no event shall the Company or the members of its board, directors, assigns or employees be liable to any third party (including investors) for investment decisions or acts or business carried out based on the information and statements that appear in this presentation, or for indirect damage, lost profit or related issues. The Company does not intend to provide to potential shareholders with a revision of the statements or an analysis of the differences between the statements and the actual results. Each investor must conduct and rely on its own evaluation, including of the associated risks, in making an investment decision.
+55 21 2163-6237
Daniele Rivera, email@example.com
+55 21 2163-7568