3Q10 Highlights and Subsequent Events New discoveries OGX14, 15, 16, 17A, 18, 19A, 20, 21D Drillstem Tests OGX14 and OGX18 offshore OGX16 Equipment Arrival of Pride Venezuela Arrival of jackup Main equipment for the Waimea…
Financial Results
3Q10 Financial Results Main Accounts - IFRS Net Financial Results: Interest income offset by losses on hedging and the negative impact of markingtomarket the R thousand 3Q10 3Q09 YTD fair value of financial instruments Net Financial…
3Q10 Financial Results R billion Cash Position Evolution US billion Solid cash position of R5.5 billion, or US3.3 billion, enough 6.3 4.0 to support all the exploratory commitments, and the 4.2 3.0 beginning of production…
Exploratory Campaign Highlights for the Quarter
Campos Basin: Important production potential OGX14: Test in the Albian section indicated production OGX14 potential of 3,000 barrels/day for vertical wells and up to OGX18 OGX 18 15,000 barrels/day for horizontal wells with oil of…
Campos Basin: Drilling Campaign in Advanced Stage OGX15: Reinforced hypothesis of connectivity between the Albian section of the well and the structure formed by Pipeline (OGX2A) and Etna (OGX6); OGX20: Oil confirmed in the…
Santos Basin: Intensification of the Drilling Campaign OGX17A: Presence of gas and possible OGX17A condensate in the Albian section. Data OGX24 obtained in the drilling of well OGX12 led to the recalibration of our geological model…
Parnaba Basin: Evidence of High Potential Gas Volumes OGX16 OGX22 OGX16: Discovery of gas in the Devonian section. Discovery in well OGX-16 Drillstem test conducted in this section measured Parnaba Basin State of Maranho pressure of…
Upcoming Events Delineation of the discoveries in the Campos, Santos and Parnaba basins Initiation of the drilling campaign in the Par Maranho and Esprito Initiation of the drilling campaign in the Par and Esprito Santo basins…
Appendix
Consolidated Balance Sheet R000 In accordance with IFRS Assets 9/30/2010 12/31/2009 Liabilities 9/30/2010 12/31/2009 Current Assets 5,813,059 7,564,268 Current Liabilities 674,900 581,406 Cash and cash equivalents 5,534,544…
Consolidated Income Statement R000 In accordance with IFRS 3Q10 3Q09 YTD 2010 Operating income (expenses) Operating income (expenses) Exploration expenses (15,467) (12,577) (64,133) General and administrative expenses…
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