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8OGB On Other Exchanges
Symbol
Exchange
Sao Paulo
OTC US
OTC US
Stuttgart
As of 2:03 AM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

oleo e gas participac-sp adr (8OGB) Snapshot

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€0.05
Previous Close
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Day High
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52 Week High
01/2/14 - €0.70
52 Week Low
08/12/14 - €0.05
Market Cap
148.9M
Average Volume 10 Days
480.0
EPS TTM
--
Shares Outstanding
3.2B
EX-Date
--
P/E TM
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Dividend
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oleo e gas participac-sp adr (8OGB) Details

Õleo e Gás Participações S.A. is engaged in the exploration and production of oil and natural gas in South America. Its portfolio comprises 33 exploratory blocks, of which 28 blocks are located in Brazil and 5 blocks are located in Colombia. The company was formerly known as OGX Petróleo e Gás Participações S.A. and changed its name to Õleo e Gás Participações S.A. in December 2013. Õleo e Gás Participações S.A. was founded in 2006 and is headquartered in Rio de Janeiro, Brazil.

157 Employees
Last Reported Date: 08/14/14
Founded in 2006

oleo e gas participac-sp adr (8OGB) Top Compensated Officers

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Executives, Board Directors

oleo e gas participac-sp adr (8OGB) Key Developments

Oleo e Gas Participacoes SA Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Impairment for the Second Quarter

Oleo e Gas Participacoes SA reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenue of BRL 292,995,000 compared to BRL 150,870,000 a year ago. EBITDA from operation was BRL 49,258,000 compared to LBITDA from operation of BRL 26,634,000 a year ago. Adjusted LBITDA including non recurrent items was BRL 28,079,000 compared to BRL 1,032,697,000 a year ago. LBIT was BRL 282,199,000 compared to BRL 4,132,182,000 a year ago. EBT was BRL 328,878,000 compared to LBT of 4,715,573,000 a year ago. Net profit of continued operations was BRL 207,206,000 compared to net loss of continued operations of BRL 4,729,145,000 a year ago. Net profit attributed to controlling shareholders was BRL 303,404,000 compared to net loss attributed to controlling shareholders of BRL 4,724,496,000 a year ago. For the six months, the company reported net revenue of BRL 513,792,000 compared to BRL 405,504,000 a year ago. EBITDA from operation was BRL 107,528,000 compared to BRL 26,827,000 a year ago. Adjusted LBITDA including non recurrent items was BRL 44,312,000 compared to adjusted LBITDA including non recurrent items of BRL 979,236,000 a year ago. LBIT was BRL 218,371,000 compared to BRL 5,297,344,000 a year ago. EBT was BRL 565,240,000 compared to LBT of 5,918,196,000 a year ago. Net profit of continued operations was BRL 420,173,000 compared to net loss of continued operations of BRL 5,516,277,000 a year ago. Net profit attributed to controlling shareholders was BRL 516,371,000 compared to net loss attributed to controlling shareholders of BRL 5,523,313,000 a year ago primarily due to: (i) the production portfolio being focused on the Tubarão Martelo field, which ended the quarter with two producing wells and generated EBITDA of BRL 141 million; (ii) the restart, in February 2014, of production at the Tubarão Azul field, which contributed with an EBITDA of BRL 32 million; (iii) gains on foreign exchange variation, especially unrealized, of BRL 760 million; and (iv) the 43% reduction in general and administrative expenses, with a leaner headcount that is in line with the company's current needs and a cost reduction program which includes moving to a new office and the renegotiation of agreements with service providers. These impacts were partially offset by: (v) restructuring costs totaling BRL 52 million; (vi) the constitution of a provision for inventory losses of BRL 155 million; (vii) the constitution of a provision for contingencies of BRL 54 million, due to the enforcement, by the ANH, of bank guarantees of the exploratory program of the Cesar Ranchería Basin in Colombia; and (viii) income taxes payable, totaling BRL 145 million, which were offset with tax losses. Capital expenditure was BRL 549 million compared to BRL 1.231 million a year ago. For the second quarter, the company reported impairment of BRL 4,474,000 compared to BRL 3,644,523,000 a year ago.

Oleo e Gas Participacoes SA, Q2 2014 Earnings Call, Aug 15, 2014

Oleo e Gas Participacoes SA, Q2 2014 Earnings Call, Aug 15, 2014

Oleo e Gas Participacoes SA, Board Meeting, Jul 29, 2014

Oleo e Gas Participacoes SA, Board Meeting, Jul 29, 2014.

 

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