In accordance to OGX Reorganization Plan, the sale of the assets is one of the resolutions to restructure the company. The successive delays on the FPSO Petrojal I arrival and, consequently, the occurrence of the EPS first oil, significantly impacts the company's cash flow forecast, for this reason OGX is intensifying its efforts in search of potential buyers of part of its stake on BS-4 Block.
The Companies will keep the shareholders and the market informed of the developments on this matter.
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 / OGX Contacts: Investor RelationsMárcia Mainenti Victor Rosenzvaig ri@ogpar.com.br
+55 21 3916-4545
Media:Cibele Flores cibele.flores@ogpar.com.br
+55 21 3916-4505
OGX Petróleo e Gás Participações SA published this content on 10 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 November 2016 23:49:09 UTC.
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