January 29, 2016

Rio de Janeiro, January 29, 2016 – Petróleo Brasileiro S.A. – Petrobras announces its proven reserves of petroleum (oil, condensate and natural gas), assessed at the end of 2015 according to ANP/SPE (National Petroleum, Natural Gas and Biofuels Agency / Society of Petroleum Engineers) and SEC (US Securities and Exchange Commission) criteria. Proven Reserves according to ANP/SPE Criteria:According to ANP/SPE

The Board of Directors (the “Board”) of Memorial Resource Development Corp. (MRD) announced today that John Weinzierl will resign as Chief Executive Officer and as a member of the Board, effective immediately to focus entirely on Memorial Production Partners LP (MEMP) as its Chief Executive Officer and Chairman, positions he has held since 2011.  The Board has elected Jay Graham,

PetroQuest Energy, Inc. (PQ) announced today the early participation results of its previously announced private exchange offer (the “Exchange Offer”) to Eligible Holders (as defined below) for up to $300 million aggregate principal amount (the “Maximum Exchange Amount”) of its outstanding 10% Senior Notes due 2017 (CUSIP No. 716748 AA6) (the “Old Notes”) for up to (i) $75 million of