QGEP holds first public meeting in Rio

Last Tuesday, November 26th, Queiroz Galvão Exploração e Produção held a public meeting with investors and the public in general, in partnership with the Association of Capital Markets Analysts and Investment Professionals of Rio (APIMEC Rio). With approximately 100 participants, the event, which takes place since the Company’s IPO but for the first time was held in the city of Rio de Janeiro, clarified questions about the Company.

During the meeting, the Chief Executive Officer of QGEP, Lincoln Rumenos Guardado, talked about the Company’s 2013 results, participation in the 11st ANP bidding round, and its new partners, in addition to the status of the assets that compose the Company’s diversified and balanced portfolio. QGEP also reinforced its business strategy to consolidate its position as a deep water operator.

The Chief Financial and Investor Relations Officer, Paula Costa Côrte-Real, also attended the event, and remarked that QGEP’s investments for this year are estimated at US$200 million, including the payment of signature bonuses for the acquisitions made in May, and another US$215 million in 2014. "Our cash position is comfortable. We ended the third quarter with a cash balance of R$940 million," she explained.

The Chief Exploration Officer, Sérgio Michelucci, and the Chief Production Officer, Danilo Oliveira, were also presented at the event, accompanied by the President of APIMEC Rio, Carlos Almeida.

Updated in  2014-01-09T12:14:49
All the dates of this page are presented in official timezone of Brasilia - Brazil.


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