2Q14 HIGHLIGHTS The Reorganization Plan of OGPar and its subsidiaries OGX Petrleo e Gs S.A., OGX International and OGX Austria, was approved by the vast majority of creditors at the Creditors Meeting held on June 3, 2014 and…
FINANCIAL HIGHLIGHTS 1H14 RESULTS Key Metrics 1H14 1H13 Net Revenues (R milllion) 514 406 EBITDA (R million) 108 27 Net Profit (Loss) (R 516 (5.527) million) CAPEX (R million) 549 1.231 The sale of 2.393 thousand…
2Q14 PRODUCTION
2Q14 PRODUCTION TUBARO AZUL EBITDA PRO-FORMA (1H14 x 1H13) TUBARO AZUL FIELD Thousands of R Resumed production in February 2014. FPSO OSX 1 2014 2013 Production totaled 367,000 barrels of oil in Days of operation 148 218 2Q14,…
2Q14 PRODUCTION TUBARO MARTELO EBITDA PRO-FORMA 1H14 TUBARO MARTELO FIELD Thousands of R First oil produced in December 2013, through FPSO OSX 3 2014 2 wells. Days of operation 175 869,000 barrels of oil produced in 2Q14,…
2Q14 PRODUCTION ATLANTA & OLIVA Atlanta: the first horizontal well of the Atlanta A bidding process is under way for the hiring of an field (7-ATL-2HP-RJS) has already been drilled FPSO system, considering two scenarios and and…
2Q14 EXPLORATION
2Q14 EXPLORATION CEAR AND POTIGUAR BASINS 11th BIDDING ROUND Exploratory campaign is underway in 4 blocks, in a non-operator basis; Operators are conducting bidding processes for the acquisition of 3D seismic data; Drilling campaign…
GUIDANCE - 2014 US million 2014 Net Revenue 596 EBITDA 132 Net Investment 242 13
COURT-SUPERVISED REORGANIZATION
COURT-SUPERVISED REORGANIZATION IN PROGRESS By the end of 2013, OGpar and its subsidiaries, applied for the court-supervised reorganization plan, due to the Companys financial situation. In February 14th, 2014, the Companies…
COURT-SUPERVISED REORGANIZATION IN PROGRESS b) Restructuring of existing debts: DIP Financing: after certain conditions precedent are fulfilled, the DIP Financing will be convertible into OGX shares, which will represent, provided…
APPENDIX
APPENDIX I INCOME STATEMENT R ('000) PROFIT& LOSS YTD Jun/14 YTD Jun/13 1Q14 1Q13 Net revenue 513,792 405,504 108,288 292,995 150,870 142,125 Cost of products sold (CPS) * (i) (340,969) (261,069) (79,900) (198,176) (119,876)…
APPENDIX II BALANCE SHEET R ('000) Balance Sheet Jun 30, 2014 Dec 31, 2013 Jun 30, 2014 Dec 31, 2013 ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY Current assets Current Liabilities Cash and cash equivalents 48,092 26,366 Trade…
APPENDIX III FIXED ASSETS / LOANS & FINANCING LOANS AND FINANCINGS R ('000) Fixed Assets R ('000) Balance as of December 31, 2013 (9,525,616) Balance as of December 31, 2013 3,351,878 (-) New fundings (i) (573,664) (+) CAPEX (+)…
DISCLAIMER 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…
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