Investor Presentaiton

CONSISTENT, VISIBLE PRODUCTION AT MANATI FIELD ୬ queiroz galvão EXPLORAÇÃO E PRODUÇÃO Daily Gas Production (MMm³ per day) 6,6 6,7 6,6 6,1 5,2 6,2 6,1 6,0 5,9 5,9 5,9 5,7 5,0 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 Average 2012: 6.1MMm³ per day Average 2013: 6.0MMm³ per day 3Q14 4Q14 1Q15 Average 2014: 5.9MMm³ per day Construction of a surface compression plant on schedule and on budget. The plant will be operational in mid-2015 Production capacity to return to ~6.0MMm³ per day after the compression plant is completed For 2015, production capacity estimated to average 5.5MMm³ per day INVESTOR PRESENTATION P. 12

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