2009 highlights and subsequent events Conclusion of five exploratory wells in the Campos Basin with volume estimates between 2.1 and 4.7 billion boe Drilling Campaign Conclusion of the well 1-MKR-2B-SPS in the Santos Basin and…
Financial highlights Results OGX 2009 Main Accounts Net Financial Results: driven by interest income, losses on hedging and the marking-to-market of R 000 2009 2008 the fair value of financial instruments Net Finacial Results 264,373…
Cash position Cash Position Evolution Allocation by Institution Solid cash position of R 7.3 billion, sufficient to Average cumulative gross return equivalent to support all the exploratory commitments through 116.37% of the…
Exploratory Campaign
Drilling Campaign 1 Vesvio (OGX-1) 5 Krakatoa (OGX-5) 9 Vesuvio Directional BM-C-39 Drilling concluded Drilling concluded (OGX-9) POLVO 500 to 1,500 Mboe of 30 to 90 Mboe of Drilling initiated on estimated volume estimated volume…
Drilling Campaign Drilling in progress All five contracted rigs are already operating, supporting the largest private exploratory campaign in Brazil Drilling strategy aiming at discovering new accumulations and, in parallel,…
Production Targets 1.380 In Kboepd CAGR : 70% 730 20 2011 2015 2019 OGX is facing an unparalleled 10 year growth story, based on world-class assets of extraordinary quality 8
Appendix
Consolidated Balance Sheet R000 Assets 12/31/2009 12/31/2008 Liabilities 12/31/2009 12/31/2008 Current Assets 7,649,624 7,698,262 Current Liabilities 1,199,940 580,103 Cash and cash equivalents 7,337,901 7,601,234 Suppliers 151,262…
Consolidated Income Statement - R000 2009 2008 Operating income (expenses) Exploration expenses (97,914) (139,187) General and administrative expenses (118,025) (58,611) Financial income 872,741 791,287 Financial expenses…
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