Third Quarter Highlights Three wells with oil and gas shows Drilling OGX-1 was concluded in less than a month and resulted in a discovery of an Campaign estimated 500 million to 1.5 billion barrels of recoverable oil Drilling on…
OGX Drilling Campaign Campos Basin - OGX-1: Initiated on September 17th, the drilling of well OGX- BM-C-39 POLVO 1, in block BM-C-43, lasted 27 days and BM-C-40 encountered an oil column of over 200 meters and sandy…
Cash Position 3Q09 Cash Evolution Cash position of R7.8 bn in line with the prior quarters balance despite the initiation of our drilling campaign Appreciation of the Brazilian currency during the quarter increased OGX s cash level…
Financial Highlights OGX 3Q09 Results Exploration expenses were stable quarter-on- R thousand quarter as our activities were more focused on the 3Q09 2Q09 YTD09 interpretation of the seismic data and the beginning of our drilling…
Upcoming Events Results related to the ongoing drilling on well OGX-2 Drilling Campaign Initiation of drilling for wells OGX-3, OGX-4 and OGX-5, all located in the Campos Basin New seismic data acquisition for the Parnaba…
Appendix
Balance Sheet R000 Assets 9/30/2009 6/30/2009 Liabilities 9/30/2009 6/30/2009 Current 7,992,412 8,029,322 Current 1,171,082 933,107 Cash and cash equivalents 7,790,067 7,854,954 Suppliers 13,250 12,731 Recoverable taxes 146,193…
Income Statement - R000 3Q09 YTD'09 3Q08 YTD'08 Operating income (expenses) Exploration expenses (12,577) (80,681) (18,876) (35,250) General and administrative (28,547) (69,600) (15,895) (35,454) Financial income 181,115 704,579…
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