OGX to Remain Producing in Tubarao Azul until March 2015

Source: www.gulfoilandgas.com 10/20/2014, Location: South America

Oleo e Gas Participaçoes S.A. - Em Recuperaçao Judicial (OGpar) and OGX Petroleo e Gas S.A. - Em Recuperaçao Judicial (OGX), announces, after a technical analysis on Tubarao Azul Field's reservoir and evaluation of its parameters since the resume of its activities that there is an intention to remain producing in the field, until at least march 2015.

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