This excerpt taken from the PBR 6-K filed Aug 15, 2007.
This document may contain forecasts that merely reflect the expectations of the Companys management. Such terms as anticipate, believe, expect, forecast, intend, plan, project, seek, should, along with similar or analogous expressions, are used to identify such forecasts. These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company. Therefore, the future results of operations may differ from current expectations, and readers must not base their expectations exclusively on the information presented herein.
In its Business Plan 2008-2012, the Company is to maintain a policy of price alignment with the international market. Petrobras forecasts own cash flow generation in the period at US$ 104.4 billion (net of dividends), sufficient to cover 93% of the Investment Plan. Funding raised in the financial markets will be US$ 19.4 billion and debt amortization is calculated at US$ 11.4 billion.