QGEP Reports 2Q13 Results PR Newswire RIO DE JANEIRO, Aug. 7, 2013 RIO DE JANEIRO, Aug. 7, 2013 /PRNewswire/ -- QGEP Participacoes S.A. [BM&FBOVESPA: QGEP3] releases todayitssecond quarter results. For further information, click here . Highlights: *QGEP was awarded a total of 8 deep water blocks in the 11 ^th ANP bidding round, with operatorship of 5 blocks; *Average daily gas production from the Manati Field was 5.0MMm3 in 2Q13, despite scheduled maintenance in April; *Net Revenue was R$100.2 million, compared with R$123.2 million in 2Q12; *EBITDAX in 2Q13 was R$41.7 million, compared with R$79.3 million in 2Q12; 2Q13 EBITDAX margin was 41.6%; *Net income was R$30.1 million in 2Q13, compared with net loss of R$96.1 million in 2Q12, when the Company recognized higher exploratory costs.; *Cash flow from operating activities was R$62.1 million in 2Q13, down 4.4% from 2Q12; 6M13 operating cash flow was R$160.8 million; *Cash balance of R$1.1 billion at the end of 2Q13. To access the Manati Annual Statement of Reserves, click here . Conference Call- English | August 08th, 2013 (simultaneous translation) 11:00 a.m.- New York |12:00 p.m.- BrasiliaDial-in: +1-786-924-6977Code: Queiroz GalvaoWebcast: click here Participants are requested to connect fifteen minutes prior to the time set for the conference call. For more information, please contact our Investor Relations team:Phone: +55-21-3509-5959E-mail: email@example.com www.qgep.com.br/ri Website: http://www.qgep.com.br/ri
QGEP Reports 2Q13 Results
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