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Ophir Energy PLC (OPHR.L)

OPHR.L on London Stock Exchange

38.30GBp
24 Sep 2018
Change (% chg)

1.10 (+2.96%)
Prev Close
37.20
Open
36.70
Day's High
38.40
Day's Low
36.70
Volume
2,435,896
Avg. Vol
2,126,844
52-wk High
76.72
52-wk Low
34.75

Latest Key Developments (Source: Significant Developments)

Ophir Energy Posts H1 Average Production Of 11,400 BOEPD
Thursday, 12 Jul 2018 

July 12 (Reuters) - Ophir Energy PLC ::PROVIDES FOLLOWING UPDATE ON ITS TRADING AND OPERATIONS FOR SIX-MONTH PERIOD ENDING 30 JUNE 2018.SEARCH FOR A NEW CEO IS MAKING GOOD PROGRESS AND A NUMBER OF HIGHLY EXPERIENCED AND QUALIFIED EXTERNAL CANDIDATES HAVE BEEN IDENTIFIED.H1 AVERAGE PRODUCTION OF 11,400 BOEPD, MARGINALLY AHEAD OF EXPECTATIONS.H1 REVENUE OF $102 MILLION AND CASH FLOW FROM PRODUCTION OF $43 MILLION.NET CASH OF $75 MILLION AND GROSS LIQUIDITY (CASH AND UNDRAWN DEBT FACILITIES) AT 30 JUNE 2018 OF $370 MILLION.  Full Article

Ophir Energy Says Disappointed In Dissolution Of OneLNG Joint Venture With Schlumberger
Thursday, 31 May 2018 

May 31 (Reuters) - Ophir Energy Plc ::NOTE ANNOUNCEMENT BY GOLAR LNG PARTNERS' REGARDING DISSOLUTION OF ITS ONELNG JOINT VENTURE WITH SCHLUMBERGER.GOLAR, OPHIR REMAIN ACTIVELY ENGAGED IN SENIOR LEVEL DISCUSSIONS WITH A NUMBER OF COUNTERPARTIES OVER A FINANCING SOLUTION FOR PROJECT.DISAPPOINTING THAT SCHLUMBERGER WILL NO LONGER BE PART OF PARTNERSHIP GROUP.OPHIR HAS ALREADY HELD INFORMAL DISCUSSIONS WITH OTHER POTENTIAL PARTNERS FOR FORTUNA PROJECT.FOLLOWING ANNOUNCEMENT RE. ONELNG, CO FORMALISED DISCUSSIONS AND ARE ACTIVELY MOVING FORWARD WITH THEM..  Full Article

Ophir Energy Says Entered Farm-Out Agreement With Kosmos Energy Covering Eg-24 Exploration Licence In Equatorial Guinea
Monday, 14 May 2018 

May 14 (Reuters) - Ophir Energy PLC ::SAYS ENTERED INTO A FARM-OUT AGREEMENT WITH KOSMOS ENERGY COVERING EG-24 EXPLORATION LICENCE IN EQUATORIAL GUINEA.SAYS UNDER TERMS KOSMOS WILL ACQUIRE A 40% NON-OPERATED INTEREST IN BLOCK EG-24.  Full Article

Ophir Energy Says Average Daily Production Expected To Be Level In 2018 At About 11,500 Boepd
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Ophir Energy Plc ::‍DAILY PRODUCTION FROM BUALUANG AND KERENDAN FIELD WAS BROADLY IN LINE WITH GUIDANCE PROVIDED IN MID-2017 AND AVERAGED 11,700 BOEPD​.‍2017 CAPITAL AND INVESTMENT EXPENDITURE (BEFORE WORKING CAPITAL ADJUSTMENTS) WAS BELOW GUIDANCE AT $104 MILLION​.‍AVERAGE DAILY PRODUCTION IS EXPECTED TO BE LEVEL IN 2018 AT ABOUT 11,500 BOEPD.‍UNDERLYING CASH FLOW FROM PRODUCTION IN 2018 IS FORECAST TO BE APPROXIMATELY $90 MILLION AT AN AVERAGE BRENT OIL PRICE OF $57 PER BBL.​.  Full Article

Ophir awarded upstream construction contract
Monday, 2 Oct 2017 

Oct 2 (Reuters) - Ophir Energy Plc ::OPHIR EQUATORIAL GUINEA (BLOCK R) LTD, HAS AWARDED UPSTREAM CONSTRUCTION CONTRACT FOR FORTUNA FLNG PROJECT TO SUBSEA INTEGRATION ALLIANCE.OPHIR ENERGY PLC - AT FID OPHIR EQUATORIAL GUINEA (BLOCK R) LTD WILL BECOME A WHOLLY-OWNED SUBSIDIARY OF FORTUNA JV​.  Full Article