ÓLEO E GÁS PARTICIPAÇÕES S.A. - Em Recuperação Judicial CNPJ/MF: 07.957.093/0001-96 Public Company - BOVESPA: OGXP3 OGpar announces Guidance for 2014 Rio de Janeiro, June 2nd, 2014 - Óleo e Gás Participações S.A. - Em Recuperação Judicial (the "Company") (BM&FBOVESPA: OGXP3; OTC: OGXPY.PK), in compliance with CVM rules No. 358/02 and No.

480/09, announces to its shareholders and to the market that the Company announced, on the date hereof, in its first quarter of 2014 conference call, a guidance for the year of 2014, as in the following table:

R$ million

Fields

Net Revenue

EBITDA

CAPEX

Fields

Net Revenue

EBITDA

CAPEX

Tubarão Martelo

1,036

352

260

Atlanta and Oliva

0

0

284

Additionally, the Company informs that the consolidated guidance will depend on the costs that will be incurred in the restructuring until the end of the year.

LEGAL NOTICE

This document contains Company-related statements and information that reflect the current vision and/or expectations the Company and its management have regarding its business plan. These include, among others, all forward-looking statements that involve forecasts and projections, indicate or imply results, performance or future achievements, and may contain words such as "believe," "foresee," "expect," "consider," "is likely to result in" or other words or expressions of similar meaning. Such statements are subject to a series of expressive risks, uncertainty and premises. Please be advised that several important factors can cause the actual results to diverge materially from the plans, objectives, expectations, estimations, and intentions expressed in this document. In no event shall the Company or the members of its board, directors, assigns or employees be liable to any third party (including investors) for investment decisions or acts or business carried out based on the information and statements that appear in this
presentation, or for indirect damage, lost profit or related issues. The Company does not intend to provide to potential shareholders with a revision of the statements or an analysis of the differences between the statements and the actual results. Each investor must conduct and rely on its own evaluation, including of the associated risks, in making an investment decision.

OGpar Contacts

Investors:
Marcia Mainenti Marianna Sampol ri@ogpar.com.br
+55 21 3916 4545
Media:
Cibele Flores, cibele.flores@ogpar.com.br
+55 21 3916 4588

distributed by