Brazil's OGX says cash, oil and gas revenue can cover 2013 capex

RIO DE JANEIRO, March 27 Wed Mar 27, 2013 11:24am EDT

RIO DE JANEIRO, March 27 (Reuters) - Brazil's OGX Petroleo e Gas SA's existing cash balance plus expected revenue from oil and natural gas fields in Brazil will be enough to cover the oil company's 2013 capital spending plan of $1.3 billion, company directors said on Tuesday during a conference call with investors.