Edition:
India

Ophir Energy PLC (OPHR.L)

OPHR.L on London Stock Exchange

56.70GBp
25 Apr 2019
Change (% chg)

-0.10 (-0.18%)
Prev Close
56.80
Open
56.80
Day's High
56.80
Day's Low
56.70
Volume
2,204,412
Avg. Vol
7,842,854
52-wk High
68.30
52-wk Low
31.65

Latest Key Developments (Source: Significant Developments)

Ophir Energy Says Majority Of Scheme Shareholders Vote In Favour Of Resolution To Approve Scheme On Medco Global
Monday, 25 Mar 2019 

March 25 (Reuters) - Ophir Energy ::IN RELATION WITH OFFER FOR CO BY MEDCO GLOBAL, MAJORITY OF SCHEME SHAREHOLDERS VOTED IN FAVOUR OF RESOLUTION TO APPROVE SCHEME.  Full Article

Coro Energy Confirms That It Does Not Intend To Make Offer For Ophir
Thursday, 21 Mar 2019 

March 21 (Reuters) - Coro Energy Plc ::CORO ENERGY PLC - ANNOUNCEMENT BY OPHIR ENERGY PLC.CORO ENERGY PLC - NOTES ANNOUNCEMENT BY OPHIR ENERGY IN WHICH CO S IDENTIFIED AS POTENTIAL BIDDER FOR OPHIR.CORO ENERGY PLC - CORO IS DISAPPOINTED THAT IT HAS NOT BEEN ABLE TO PROCEED WITH ITS OFFER FOR OPHIR.CORO ENERGY- DOES NOT INTEND TO MAKE AN OFFER FOR OPHIR AND WILL BE BOUND BY RESTRICTIONS CONTAINED IN RULE 2.8 OF CITY CODE ON TAKEOVERS AND MERGERS.CORO - BELIEVES PROBABILITY OF BEING ABLE TO EFFECT COMPETING DEAL BY MEANS OF A SCHEME OF ARRANGEMENT HAS GREATLY DIMINISHED.  Full Article

Coro Does Not Intend To Make An Offer To Acquire Issued Share Capital Of Ophir
Thursday, 21 Mar 2019 

March 21 (Reuters) - Ophir Energy PLC ::OPHIR ENERGY PLC - NO INTENTION TO BID STATEMENT IN RELATION TO CORO ENERGY PLC.OPHIR- ON 8 MARCH 2019, BOARD RECEIVED AN UNSOLICITED AND HIGHLY PRELIMINARY INDICATION OF INTEREST FROM CORO REGARDING A POSSIBLE OFFER FOR OPHIR.OPHIR ENERGY PLC - CORO PROPOSED THAT OPHIR SHAREHOLDERS WOULD RECEIVE 40 PENCE IN CASH, AND, IN ADDITION, SHARES IN CORO FOR EACH OPHIR SHARE.OPHIR ENERGY PLC - CORO DOES NOT INTEND TO MAKE AN OFFER TO ACQUIRE ENTIRE ISSUED SHARE CAPITAL OF OPHIR.  Full Article

Sand Grove Discloses 15.22 Pct Stake Vs 12.93 Pct Stake Earlier In Ophir Energy
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - Ophir Energy PLC ::SAND GROVE CAPITAL MANAGEMENT DISCLOSES 15.22 PERCENT STAKE VERSUS 12.93 PERCENT STAKE EARLIER IN OPHIR ENERGY PLC - FILING.  Full Article

Sand Grove Capital Discloses 6.43 Stake In Ophir Energy As Of Jan.30- Filing
Friday, 1 Feb 2019 

Feb 1 (Reuters) - Ophir Energy Plc : :SAND GROVE CAPITAL MANAGEMENT DISCLOSES 6.43 STAKE IN OPHIR ENERGY PLC AS OF JAN 30- FILING -.  Full Article

Ophir Energy Rejects Possible Offer By PT Medco
Monday, 14 Jan 2019 

Jan 14 (Reuters) - Ophir Energy PLC ::STATEMENT RE POSSIBLE OFFER FOR OPHIR BY PT MEDCO.STATEMENT RE POSSIBLE OFFER FOR OPHIR BY PT MEDCO.HAS UNANIMOUSLY REJECTED PROPOSAL AS IT UNDERVALUES OPHIR.ON 15 JANUARY 2019, OPHIR WILL PROVIDE AN UPDATE ON ITS TRADING AND OPERATIONS FOR TWELVE MONTH PERIOD ENDING 31 DECEMBER 2018.  Full Article

Ophir Takes $310 Mln Charges On Fortuna in H1
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - Ophir Energy PLC ::BUALUANG DEVELOPMENT DRILLING WELL UNDERWAY, PRODUCTION INCREASED TO REFLECT THIS WITH FY PRODUCTION EXPECTED TO BE IN LINE WITH BUDGET .H1 REVENUE 102 MILLION USD.HY PRODUCTION AVERAGE OF 11,400 BOEPD, MARGINALLY AHEAD OF EXPECTATIONS.PRODUCTION FROM SANTOS ASSETS HAS BEEN HIGHER THAN PREDICTED DURING YEAR WHICH HAS REDUCED EXPECTED PAYBACK OF TRANSACTION TO 30 MONTHS.HY PRETAX LOSS FROM CONTINUING OPERATIONS $340.7 MILLION VERSUS LOSS OF $45.6 MILLION AS REPORTED LAST YEAR.HY REVENUE OF $102 MILLION VERSUS $88.3 MILLION AS REPORTED LAST YEAR.EXPECT (ON A PROFORMA BASIS) THAT GROUP PRODUCTION FOR 2018 WILL BE AROUND 27,500 BOEPD.ORIGINAL CAPITAL EXPENDITURE GUIDANCE FOR 2018 INCLUDED $55 MILLION OF POST-FID SPEND ON FORTUNA PROJECT.PROVISIONED UP TO $150 MILLION FOR FORWARD EXPENDITURE ON FORTUNA.FULL YEAR 2018 CAPITAL EXPENDITURE FORECAST APPROXIMATELY $145 MILLION.H1 IMPAIRMENTS AND WRITE-OFFS OF $358 MILLION, MAINLY COMPRISED OF $310 MILLION RELATING TO FORTUNA.BOARD IS REBALANCING COMPANY'S PORTFOLIO TOWARDS A LARGER ASIAN PRODUCTION AND CASH FLOW BASE.2019 PRODUCTION FORECAST AT 25,000 BOEPD, EXPECT TO GENERATE OPERATING CASH FLOW OF $200 MILLION.  Full Article

Ophir Energy To Move Headquarters To Asia, Downsize London Office
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - Ophir Energy PLC ::OPHIR ANNOUNCES STRATEGIC UPDATE.TRANSITION TO AN ASIAN HQ, LONDON OFFICE TO BE SIGNIFICANTLY DOWNSIZED.EVALUATE ATTRACTIVE CONSOLIDATION OPPORTUNITIES.CONSIDER OPTIONS TO UNLOCK POTENTIAL VALUE IN LNG ASSETS.PROPOSE TO DOWNSIZE LONDON OFFICE, FOLLOWING WORKFORCE CONSULTATION.PLANS TO TAKE FURTHER ACTION TO RIGHT SIZE COST STRUCTURE OF BUSINESS.PLANS TO WITHIN 12 MONTHS ESTABLISH A ASIAN BASED HQ TO SERVE AS HUB FOR ONGOING BUSINESS, GENERATING MATERIAL COST SAVINGS.SEARCH FOR A NEW CEO IS UNDERWAY.WITH ASIA BECOMING HUB OF OUR OPERATIONS, IT IS LIKELY THAT NEW CEO WILL BE BASED IN REGION.  Full Article

Ophir Energy Says Nick Cooper To Step Down As CEO
Friday, 18 May 2018 

May 18 (Reuters) - Ophir Energy PLC ::OPHIR ENERGY PLC - NICK COOPER TO STEP DOWN AS CHIEF EXECUTIVE OFFICER.OPHIR ENERGY PLC - ALAN BOOTH APPOINTED AS INTERIM CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR, UNTIL A NEW CHIEF EXECUTIVE OFFICER IS APPOINTED.  Full Article

Ophir Energy Says FY Revenue Rose 76 Pct
Wednesday, 7 Mar 2018 

March 7 (Reuters) - Ophir Energy Plc ::FY‍ LOSS BEFORE TAXATION $64.4 MILLION VERSUS LOSS OF $50.07​ MILLION YEAR AGO .FY REVENUE ROSE 76 PERCENT TO 189 MILLION USD.‍FY EARNINGS PER ORDINARY SHARE (15.8) CENTS​.‍DURING 2017, OPHIR COMPLETED REFINANCE OF ITS RESERVES BASED LENDING FACILITY INTO A NEW SEVEN YEAR, $250 MILLION​.‍PRODUCTION IN 2018 IS EXPECTED TO AVERAGE 11,500 BOEPD WITH INFILL DRILLING TAKING PLACE ON BUALUANG IN 2H 2018​.‍IN 2019-20, EXPECT MATERIAL PRODUCTION GROWTH FROM NEXT PHASES OF DEVELOPMENT ON BUALUANG AND KERENDAN​.  Full Article

Indonesia's Medco sees 100,000 boepd production after Ophir deal

* Indonesia's oil and gas company PT Medco Energi Internasional expected its oil and gas production to rise to above 100,000 barrels of oil equivalent per day (boepd) after it acquired London-listed Ophir Energy Plc, Medco's president director said