DOMMO ENERGIA S.A. Rio de Janeiro, April 28th, 2016 - Óleo e Gás Participações S.A. - Em Recuperação Judicial ("OGPar")(BM&FBOVESPA: OGXP3; OTC: OGXPY.PK) and OGX Petróleo e Gás S.A. - Em Recuperação Judicial ( BM&FBOVESPA: OGSA3; OTC: OXPRY) ("OGX", and together "Companies"), announce to their shareholders and to the market that sent, on April 26th, 2016, to Agência Nacional de Petróleo, Gás Natural e Biocombustíveis ("ANP"), Brazilian regulatory agency, a request to resume the production on Tubarão Martelo Field ("TBMT Field").
It is worth mentioning that the temporary interruption of the activities is subject to ANP approval, having been analyzed, the proposal will be answered within 60 days.
The Companies have the intention to resume production on the aforementioned field through the four connected wells, considering the rise in oil price of the last weeks, thus, allowing cash generation for OGX, in a promising scenario in the oil market. Before the temporary suspension on TBMT Field, the FPSO OSX-3 vessel was producing an average of 8.6 thousand barrels of oil per day.
The Companies will keep its shareholders and the market informed of any further 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,
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 issued this content on 28 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 April 2016 23:38:21 UTC
Original Document: http://www.ogx.com.br/download_arquivos.asp?id_arquivo=AE8EF5DE-9BBE-4E79-8760-E2D0C370933E&tipo=53353
