Presentation of Third Quarter Results November 10, 2011 1
Agenda Subject Speaker Performance Overview Q3 Highlights Jose Augusto Fernandes (CEO) Asset Update Financial Results Paula Costa (CFO) Strategic Growth Plans Jose Augusto Fernandes (CEO) 2
2011 Third Quarter Highlights Acquired (1) a 30% stake in Block BS-4 in the Santos Basin through a farm-in agreement Manati Field: Fourth and Fifth wells returned to production in early November Drilling activities are underway on…
Manati Field Return to full capacity in the fourth quarter Current: 5 Producing Wells in operation Gas Treatment Plant Capacity: 6.5 MM m3/day Manati Production Profile (MMm3/d) 4
Promising Area with Several Discoveries Nearby Santos Basin: BS-4 Privileged Location Atlanta and Oliva fields Oil in Place: 2.1 billion bbl Exploratory potential in the pre-salt Partners: - QGEP (30%)*; - Petrobras (40%); -…
BM-S-12: Low Risk Prospects with High Volume Potential Short-Term Schedule Santos Basin: BM-S -12 Drilling began in July 2011 1 Discovery First phase concluded at 2,200 4 Prospects meters by Lone Star rig Santos 1: 30% of GCOS Ocean…
Low Risk Prospect with High Volume Potential Promising area with several discoveries nearby Santos Basin: BM-S-8 Contigent and Prospectives Resources Santos 01 Working Interest: 10% Petrobras Operator Partners: Petrobras…
High Quality Portfolio of Assets Well-balanced portfolio of assets in different maturity stages Camamu Almada Jequitinhonha Santos Total 1 Field 2 Fields 3 Fields Field / Resources 3 Discoveries 2 Prospects 1 Discoveries 4…
Financial Results 9
Manati Field Production in Q3 2011 Gas production Net Revenue (R million) (Millions of m3) -34.9% -26.9% 740,9 281,8 -29.0% -37.0% 205,9 482,2 274,4 104,3 172,8 74,0 9M10 9M11 3Q10 3Q11 9M10 9M11 3Q10 3Q11 Revenues: -…
3Q2011 Operating Results & Net Income EBITDAX (R million) Net Income (R million) 150,0 136,4 150,0% 250,0 227,8 150,0% 200,0 100,0 100,0% 81% 100,0% 68,3 150,0 109,0 69% 58,7 63% 48% 100,0 71,8 50,0 50,0% 47,0 50,0% 33% 56%…
Operating & Exploratory Costs 3Q11 3Q10 % 9M11 9M10 % Operating Costs (32.3) (35.8) -9.8% (84.7) (94.7) -10.6% Other Operating Expenses: G&A (7.9) (5.2) 51.9% (47.8) (14.6) NA Oil & Gas Exploration (21.4) (1.3) NA (38.7) (2.6)…
Net Cash Position (R million) June 30, 2011 September 30, 2011 R 1.662,5 R 1.354,7 R 1.460,3 R 1.167,6 Cash Debt Net Cash* Cash Debt Net Cash* -R 202,1 -R 187,1 Safra Alfa BTG Pactual 3% 3% Investments 2% BV Mercantil…
QGEPs Strategic Strengths Major Source of strong cash flow generation and solid Participation in profitability Manati Field Active Drilling Significant exploration projects underway with Program strong potential Enhancing our…
For additional information: Investor Relations QGEP Participaes S.A. Av. Almirante Barroso, n 52, sala 1301, Centro Rio de Janeiro, RJ CEP: 20031-918 Phone - IR: 55 21 3509-5959 Fax: 55 21 3509-5958 E-mail: riqgep.com.br…
Disclaimer This document contains some statements and information about the Company that reflect the current views and/or expectations of the Company and its managers with regard to its activities. These include all statements containing…
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