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Friday 13 April, 2012

Galp Energia. SGPS, S.A.

Galp Energia. SGPS, S.A. : informs about the tr...

Galp Energia. SGPS, S.A. : informs about the trading update of the first quarter 2012

1st Quarter 2012 trading update

Galp Energia releases today the trading update for the 1st quarter of 2012, with the following highlights:

  • Average net entitlement production of 16.5 kboepd, an increase of 27% QoQ
  • Crude processed of 20,263 kbbl, down 3% QoQ
  • Benchmark refining margin of -$0.6/bbl, an increase of 6% QoQ
  • Oil products sales to direct clients of 2.6 million tons, down 2% QoQ
  • Natural gas volumes sold of 1.7 bcm, an increase of 7% YoY

The 1st quarter 2012 results will be disclosed on April 27 before the open of NYSE Euronext Lisbon. The results conference call will take place on the same day at 14:00 (UK time).

The conference call details are as follows:

UK:        +44 (0) 208 515 2349 or
+44 (0) 800 358 5271 (UK toll free)

Portugal: 800 844 247

Kind regards,

Galp Energia
Investor Relations Division

Rua Tomás da Fonseca, Torre A
1600-209 Lisbon, Portugal
Tel: +351 217 240 866
Fax: +351 217 242 965
Email: [email protected]

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information contained therein.

Source: Galp Energia. SGPS, S.A. via Thomson Reuters ONE


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