RIO DE JANEIRO, BRAZIL--(Marketwire - November 10, 2009) - In compliance with article 157 of
Law 6404/76 and with provisions of Instruction 358/02 of the Brazilian
Securities Commission (Comissão de Valores Mobiliários, or "CVM"), MPX
Energia S.A. ("MPX" or the "Company") (BOVESPA: MPXE3) hereby informs that
DeGolyer & MacNaughton ("D&M")(1) certified net contingent resources of 1,7
Tcf of natural gas in the 7 on-shore exploratory blocks in the Parnaíba
Basin, State of Maranhão, in which OGX Petróleo e Gás S.A. ("OGX") acquired
a 70% participating interest in September 2009 ("Blocks"). On September 24,
2009, MPX disclosed that it had signed a Memorandum of Understanding with
OGX formalizing the intention to acquire, subject to Agência Nacional do
Petróleo, Gás Natural e Biocombustíveis ("ANP") approval, 33.3% of OGX's
participating interest in the Blocks.
Net contingent resources certified correspond to 303 million barrels of oil
equivalent ("boe"). Additional net risked prospective resources of 0.2 Tcf
were also certified. Despite the lack of sufficient development drilling to
classify the contingent resources as reserves, the volume certified implies
a potential for developing a combined-cycle power plant with an initial
capacity of 1000 MW(2).
MPX should soon start the licensing process for a 1000 MW power plant. The
Company plans to register this plant for a new energy auction as soon as
possible. Beginning in December 2009, new seismic lines will be carried out
aiming to start drilling in mid-2010.
For further information, MPX invites all interested parties to participate
in a conference call to be held on Tuesday, November 10, at 10:00 a.m. NY
time.
To access the call:
Telephone USA: +1 888700-0802
Telephone Brazil: +55 11 4688-6341
Telephone Other Countries: +1 786 924-6977
Access Code: MPX
Webcast: http://ri.mpx.com.br/
(1) DeGolyer & MacNaughton has over 70 years of experience as a leading
consultant in reserve certification for the oil and natural gas industry
with extensive knowledge of the Brazilian sedimentary basins.
(2) Assuming a 30-year gas supply to the power plant.
Contact Information: Investor Relations Contact:
Eduardo Karrer
CEO and IR Officer
Flavia Heller
+55 21 2555-4244
Daniel Haddad
+55 21 2555-4015
ri.mpx@mpx.com.br
www.mpx.com.br/ri
Media Relations:
Roberto Gonzales
+55 21 2555-4695
+55 21 8011-0101