QGEP releases 2015 estimated production for the Manati Field

Rio de Janeiro, November 12th, 2014 - QGEP Participações S.A. (BMF&Bovespa: QGEP3, "Company", "QGEP"), in accordance with article 157, §4º, Law nº 6.404/76 and Comissão de Valores Mobiliários ("CVM") Instruction nº 358/02 and later alterations, today disclosed the following production estimate for the Manati Field.

The Company projects 2015 production for the Manati Field to be approximately 5.5 million m³ per day, with a possible margin of error of plus or minus 5% from this number.

The estimated production curve for the Manati Field is based on the Company’s development and production team’s technical analysis. This analysis considers factors including the Field’s reservoir, analog fields, available technologies and the block’s operational schedule, among others, as well as projected demand for natural gas. The extraction of natural gas may be affected by factors beyond the Company’s control. These include unscheduled maintenance, as well as weather conditions, as a lower than normal amount of rain in the area can have a direct impact on demand for natural gas.

The production estimate released by the Company covers a 12 month period and will be stated in item 11 of the Company’s Reference Form, available at CVM’s website (http://www.cvm.gov.br) and on the Company’s Investor Relations website (http://www.qgep.com.br/ri).

The projection above represents an estimate based on the beliefs and assumptions of management and is subject to several risks and uncertainties which may not be under management’s control. Due to these risks and uncertainties, investors should not make an investment decision based solely on this estimate. In addition, investors should search for information related to the oil and gas sector, market risks and risks involving investments in capital markets.

To access the document, click here.

For more information, please contact our Investor Relations team:

Phone: 55 21 3509-5959
E-mail: ri@qgep.com.br
www.qgep.com.br/ri


Updated in  2015-04-14T10:23:29
All the dates of this page are presented in official timezone of Brasilia - Brazil.

Downloads



Delete this document from the cart
Clear List Download Files