Legal Notices

OGX’s investor relations website includes forward-looking statements that are subject to risks and uncertainties. These statements are based on the beliefs and assumptions of its management, and on information currently available to the Company. Forward-looking statements include statements regarding OGX’s intent, belief or current expectations or that of its directors or executive officers with respect to, but not limited to:

• the volatility of oil and natural gas prices;

• discovery and development of oil and natural gas reserves;

• projected and targeted capital expenditures and other costs, commitments and revenues;

• current and future government regulation of the oil and natural gas industry;

• changes in environmental laws or the implementation of those laws;

• uncertainties inherent in making estimates of our prospective resources;

• termination or intervention in concessions or authorizations granted by the Brazilian government to OGX;

• competition;

• OGX´s ability to find, acquire or gain access to other prospective resources and to successfully develop our current prospective resources;

• the availability of drilling rigs, production equipment, supplies, personnel and oil field services;

• inflation, depreciation, and appreciation of the real and fluctuations in interest rates;

• military operations, terrorist acts, wars or embargoes;

• the ability to obtain financing;

• the cost and availability of adequate insurance coverage; and

• other risk factors discussed in the “Risk Factors” section.

Investors should understand that the above-mentioned factors, in addition to others discussed in this investor relations website, among others, could affect OGX’s future results and could cause results to differ materially from those expressed in the forward-looking statements made in this website or files herein posted.

Forward-looking statements also include information concerning the Company’s possible or assumed future results of operations set forth under several sections in this investor relations website, as well as statements preceded by, followed by, or that include the words ‘‘believes,’’ ‘‘may,’’ ‘‘continues,’’ ‘‘expects,’’ ‘‘anticipates,’’ ‘‘intends,’’ ‘‘plans,’’ ‘‘estimates’’ or similar expressions.

Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions because they relate to future events and therefore depend on circumstances that may or may not occur. OGX’s future business, financial condition, results of operations, prospects, strategies, market share and shareholder values may differ materially from those expressed in or suggested by these forward-looking statements. Many of the factors that will determine these results and values are beyond the Company’s ability to control or predict.

Investors are cautioned not to put undue reliance on any forward-looking statements.