Monday, February 2, 2009

Brazil Oil Co OGX Seeks New York Trading For GDRs

DJ Newswire
"RIO DE JANEIRO -(Dow Jones)- Brazilian oil and gas company OGX Petroleo e Gas Participacoes SA (OGXP3.BR) asked local stock regulators Monday to approve trading in the company's Global Depositary receipts in New York..."


OGX's majority shareholder is billionare Eike Batista's EBX.
Unfortunately OGX's acreage in the Santos Basin is quite far away from the Tupi, Carioca and Jupiter discoveries, but the company definitely deserves a closer look.
A corporate presentation from December(in English).

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