Óleo e Gás Participações S.A. ("Company") informs to the market, in compliance with CVM's Rule 358/2002, Article 3, that its production for June 2014 reached a total of 390,249 of barrels of oil, of which 271,280 of barrels reflect the Tubarão Martelo Field production and 118,969 belongs to the Tubarão Azul Field production.

Additionally, as Material Fact announced on July 3rd, 2014, the Tubarão Martelo field started its third well (TBMT-2HP) production that since its start produces an average of 3.2 thousand barrels a day.

The beginning of the fourth well (TBMT-6HP) in the mentioned field will occur after its upper completion, with expectation for ending in 40 days.

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