Presentation of Second Quarter Results August 11, 2011 1
Agenda Subject Speaker Performance Overview Q2 Highlights Jose Augusto Fernandes (CEO) Drilling Update Financial Results Paula Costa (CFO) Strategic Growth Plans Jose Augusto Fernandes (CEO) 2
2011 Second Quarter Highlights Acquisition of 10% stake in Block BM-S-8 in the Santos Basin through a farm-in agreement that significantly enhances our strategic position and diversify our current portfolio Drilling activities have…
Farm-in agreement in Block BM-S-8 enhances our strategic position 4
Farm-in agreement in Block BM-S-8 enhances our strategic position Santos Basin: BM-S-8 Promising area with several discoveries nearby 2 Discoveries: Bem-te-vi and Abar West 4 Prospects Santos 01 Fluid: Oil Working Interest: 10%…
Drilling activities have started at three of our most promising exploratory assets Santos Basin: BM-S-8 Santos Basin: BM-S-12 Jequitinhonha Basin: BM-J-2 Phase 1: Lone Star Rig Phase 2: Ocean Baroness Rig Drilling started in…
Manati Update Production should increase in Gas Treatment Plant Q3 from Q2 levels All six wells at Manati Field should be back producing in 3Q11 Production expected to ramp-up quickly once the wells are back in…
Financial Review 8
Manati Field Production in Q2 2011 Net Revenue Gas production (R million) (Millions of m3) -33.7% -25.7% 466.6 177.6 -30.0% 309.4 -37.7% 131.9 228.5 86.9 142.4 60.8 6M10 6M11 2Q10 2Q11 6M10 6M11 2Q10 2Q11 Revenues: -…
2Q2011 Operating Results & Net Income EBITDAX Net Income (R million) (R million) 100.0 150.0% 200.0 150.0% 77.7 80.0 71.7 143.2 58.4 100.0% 150.0 60.0 81% 80% 100.0% 100.0 69.2 54% 33.7 96% 61.9 56% 40.0 44% 50.0% 50.0% 50.0…
Net Cash Position (R million) March 31, 2011 June 30, 2011 Cash Cash R1,662.5 Net Cash* R1,743.0 Net Cash* R1,460.3 R1,501.9 Debt Debt R202.1 R241.1 HSBC 10% BNB 3% Investments Caixa Econmica 5% Exclusive funds and…
High Quality Asset Portfolio 13
Active H2 Drilling Program Drilling begins at Block BM-S- Drilling 12 Crossing ends at the Crossing Crossing Prospect Bigu Drilling Prospect Prospect Santos 2 in prospect begins at Santos 1 in Santos 3 in the JEQ 1 Block BM-S-…
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…
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