GTU Plant View

OGX Petróleo e Gás Participações S.A. (Bovespa: OGXP3), Brazil’s largest private oil and natural gas exploration company, announces its fourth quarter and full year results for 2012.
GTU plant view

GTU plant view
 
Key Financial Metrics         4Q 2012         2012
Revenues (R$ mm) ¹         175         325
EBITDA – Pro forma (R$ mm)         (38)         (343)
Net Profit (Loss) (R$ mm)         (286)         (1,173)
Realized oil price per barrel (US$)¹         104         99
CAPEX (R$ mm)         (1,150)         (4,336)
Cash Position (US$ mm)         1,655         1,655
Production volume (kboepd)         10.2         9.8 ²
 
Notes:
¹

Refers to the cargos booked as revenues after the Extended Well Test (EWT) conclusion and the Declaration of

Commerciality for the Tubarão Azul Field
² Production volume from January 31, 2012 to December 31, 2012
 

Luiz Carneiro, Chief Executive Officer of OGX, commented: