GTU Process Plant View

OGX Petróleo e Gás Participações S.A. (Bovespa: OGXP3), Brazil’s largest private oil and natural gas exploration company, announces its third quarter results for 2012.
GTU Process Plant View

GTU Process Plant View
 
Key Financial Metrics         3Q 2012           YTD 2012
Revenues (R$ mm)         150.7           150.7
EBITDA – Pro forma¹ (R$ mm)         (51.6)           (305.1)
Net Profit (Loss) (R$ mm)         (343.6)           (887.1)
Realized oil price per barrel (US$)²         95           95
CAPEX (R$ mm)         (1,115)           (3,186)
Production volume (kboepd)         9.3           9.7 ³
Notes:
¹ Considers OGX Campos
² Refers to the cargo booked as revenues (delivered on July 26, 2012)
³ Production volume from January 31, 2012 to September 30, 2012
 

Luiz Carneiro, Chief Executive Officer of OGX, said: “OGX reached a new and important milestone in the third quarter, posting revenues from the sale of approximately 800,000 barrels for the first time since the company began commercial production. We are pleased to note that we have achieved this milestone, and, besides that we obtained an 80% success rate in our exploratory and appraisal campaign since the beginning of the year.”