Key Developments: QGEP Participacoes SA (QGEP3.SA)

QGEP3.SA on Sao Paolo Stock Exchange

9.51BRL
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R$ 0.36 (+3.93%)
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Latest Key Developments (Source: Significant Developments)

QGEP Participacoes SA announces proposal of dividend payment
Friday, 4 Apr 2014 01:06pm EDT 

QGEP Participacoes SA:Says on April 16 it will deliberate on dividend payment totaling 40,000,000 Brazilian reais, corresponding to 0.15 real per ordinary share.Payment on May 5.Record date April 16.Ex-dividend date April 17.  Full Article

QGEP Participacoes SA announces share repurchase program
Tuesday, 25 Feb 2014 06:41am EST 

QGEP Participacoes SA:Says on Feb. 24 it approved a share repurchase program for the acquisition of up to 2,245,357 ordinary shares of the company.Program will run from Feb. 24 to Feb. 24, 2015.  Full Article

QGEP Participacoes SA Announces Completion of Drilling of 1-QG-5A-BAS Well Through Subsidiary
Monday, 7 Oct 2013 09:03am EDT 

QGEP Participacoes SA announced the completion of the drilling of the well 1-QG-5A-BAS , located in the block BM-J-2, in the shallow waters of the Jequitinhonha Basin, at water depth of 4,800 meters, 750 meters below the salt layer and 20 kilometers away from the shore. The Company holds a 100% working interest in the block through its wholly-owned subsidiary, Queiroz Galvao Exploracao e Producao SA.  Full Article

QGEP Participacoes SA Resumes Drilling of 1-QG-5-BAS Well
Wednesday, 10 Jul 2013 07:53am EDT 

QGEP Participacoes SA announced that on July 6, 2013 it resumed the drilling of the well 1-QG-5-BAS, located in the block BM-J-2, in the Jequitinhonha Basin. The Company holds a 100% working interest in the block. The block is located approximately 20 kilometers away from the shore in a water depth of approximately 35 meters. In September 2011 the drilling was suspended at the depth of 2,540 meters. The drilling was resumed with the P-VI probe of Petrobras and is expected to reach a final depth of 4,700 meters until the end of the third quarter of 2013.  Full Article

QGEP Participacoes SA Announces Dividend Payment
Wednesday, 10 Apr 2013 09:56am EDT 

QGEP Participacoes SA announced that it will propose to the general meeting to be held on April 19, 2013 the payment of dividend at the value of BRL 0.000003 per share. Payment will be done on April 30, 2013. Shares will be traded ex-dividend as from April 22, 2013.  Full Article

QGEP Participacoes SA Receives ANP Approval for Development of the Atlanta Field Operated in Consortium with OGX Petroleo e Gas Participacoes SA and Barra Energia do Brasil Petroleo e Gas Ltda
Tuesday, 8 Jan 2013 06:20am EST 

QGEP Participacoes SA announced that on January 7, 2013, it received ANP approval of its Development Plan for the Atlanta Field. Located in Block BS-4, the Atlanta Field is a post-salt oil field which is positioned 185 kilometers off the coast of Brazil in the Santos Basin. QGEP is the operator of the Block and owns a 30% participating interest. Other consortium members include OGX Petroleo e Gas Participacoes SA (40%) and Barra Energia do Brasil Petroleo e Gas Ltda (30%).  Full Article

QGEP Participacoes SA’s Subsidiary to Acquire 30% of Exploration and Participation Rights from Petroleo Brasileiro Petrobras SA
Thursday, 8 Nov 2012 06:45am EST 

QGEP Participacoes SA announced that on November 7, 2012, its subsidiary Queiroz Galvao Exploracao e Producao SA signed an agreement with Petroleo Brasileiro Petrobras SA (Petrobras) for the sale of 30% of exploration and production rights related to the participation in the Area do Plano de Avaliacao (PAD) of the Guanabara prospects which includes blocks C-M-122, C-M-145 and C-M-146, part of the BM-C-27 concession in shallow waters in the Campos Basin. Petrobras will remain the operator with 70% participation in the block. The transfer of the 30% interest to QGEP is subject to the approval of the ANP.  Full Article

Consortium abandons well in giant Brazil Carcará oil find

* Carcara owned by QGEP, Petrobras, Galp-Sinopec and Barra * Prospect likely one of Brazil's biggest-ever finds * Abandoned well could lead to charge on earnings By Jeb Blount RIO DE JANEIRO, Jan 23 - Brazil's QGEP Participações SA an oil and gas company, said on Thursday it and its partners had abandoned a well in the giant Carcará offshore discovery. The extension well was being drilled to help define the limits of the Carcará prospect, QGEP said in a statement.

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