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OGX and creditors reach agreement on important first step to recapitalize the company
Under the Subscription Agreement announced today, OGX will issue convertible debentures in the amount of $215 million
Execution of a Bridge Loan of US$ 50 millions
The Loan is an important step towards and part of the Company’s restructuring
Tubarão Martelo Field production of December 2013
Oil and Gas production of the Tubarão Martelo Field, reached a total of 333.105 thousand barrels of oil equivalent (boe)
OGX reaches agreement with lenders to eliminate its debt and recapitalize the company to build for the future
OGX reaches agreement with lenders to eliminate its debt and recapitalize the company to build for the future

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OGX natural gas production in Maranhão might increase by 40% the current onshore gas production in Brazil