Key Developments: Ophir Energy PLC (OPHR.L)

OPHR.L on London Stock Exchange

143.70GBp
24 Dec 2014
Price Change (% chg)

3.10p (+2.20%)
Prev Close
140.60p
Open
143.00p
Day's High
145.80p
Day's Low
141.00p
Volume
369,061
Avg. Vol
2,081,059
52-wk High
332.80p
52-wk Low
112.70p

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Latest Key Developments (Source: Significant Developments)

Ophir Energy plc announces signing of Myanmar PSC
Friday, 5 Dec 2014 02:00am EST 

Ophir Energy plc:Announces that it has signed a Production Sharing Contract with the Myanmar Ministry of Energy which finalises the award of Block AD-03 offshore Myanmar.Ophir has a 95 pct operated interest in the block which is located in the Rakhine Basin.Says the Block is about 10,000km2 in size and is on trend with the multi-TCF, producing Shwe gas field.  Full Article

Ophir Energy plc and Salamander Energy Plc reaches agreement on terms of recommended acquisition
Monday, 24 Nov 2014 02:00am EST 

Ophir Energy plc and Salamander Energy Plc:Says they have reached agreement on the terms of a recommended acquisition to be made by Ophir Energy plc and/or a subsidiary of Ophir Energy plc for the entire issued and to be issued share capital of Salamander.Says the it is intended that the transaction will be implemented by means of a Court-sanctioned scheme of arrangement of Salamander under Part 26 of the Companies Act 2006 (although Ophir reserves the right to effect the Transaction by way of a takeover offer).Says under the terms of the transaction, Salamander Shareholders will be entitled to receive: for each Salamander Share 0.5719 of a New Ophir Share.Says following completion of the Transaction, Salamander Shareholders will own about 20.9 pct of Ophir.Says board of Ophir and Salamander believe there is compelling strategic logic for a combination of the two businesses that would substantially benefit the shareholders of both companies.Says Salamander Directors intend to recommend unanimously that Salamander Shareholders vote in favour of the resolutions relating to the Transaction at the Meetings.Says it is intended that one non-executive Director of Salamander will join the board of Directors of Ophir as a non-executive Director with effect from the completion of the Transaction.  Full Article

Ophir Energy plc makes possible offer for Salamander Energy plc
Friday, 21 Nov 2014 02:00am EST 

Salamander Energy plc and Ophir Energy plc:Jointly announced proposed terms of a possible share exchange offer for the entire issued and to be issued share capital of Salamander.Says under the terms of the proposed offer, Salamander shareholders would be entitled to receive 0.5719 Ophir shares for each Salamander share.Says Boards of Ophir and Salamander believe that there would be compelling strategic logic for a combination of the two businesses that would substantially benefit the shareholders of both companies.Says Board of Salamander believes that the level and nature of the offer are such that it would expect to recommend the Proposed Offer, if made, subject to agreement of final aspects of the Proposed Offer which do not relate to the exchange ratio.Says Ophir has confirmed that it has completed its due diligence on Salamander.  Full Article

Ophir Energy Plc announces appointment of midstream partner
Thursday, 6 Nov 2014 02:01am EST 

Ophir Energy Plc:Says the appointment of Excelerate Energy, L.P as its lead Midstream Partner for the provision of Floating Liquefaction and Storage facilities at Ophir's operated FLNG project in Block R, Equatorial Guinea.Says the Upstream and Midstream FEED contracts will commence in early 2015 and late 2014, respectively.Says FID is expected in 2016 and first gas in 2019.  Full Article

Ophir Energy Plc announces acquisition of Indonesian Exploration Licences
Monday, 27 Oct 2014 04:00am EDT 

Ophir Energy Plc:Has entered into an agreement with Niko Resources.To acquire interests in seven deepwater Production Sharing Contracts (PSCs) in Indonesia.Acquisition of interests in seven PSCs, six of which will be operated by Ophir, for cash consideration of $31.mln with further payments contingent on exploration success.Transaction brings access to large acreage positions in highly prospective basins and expands Ophir's footprint in South East Asia, following award of acreage offshore Myanmar earlier this year.  Full Article

Ophir Energy Plc announces Kamba gas discovery
Thursday, 2 Oct 2014 02:00am EDT 

Ophir Energy Plc:Says that the Kamba-1 discovery and an update on its drilling programme in Tanzania.The Kamba-1 well in Block 4 has resulted in gas discoveries of 1.03TCF in the Kamba and Fulusi prospects.BG operates the Block 4 licence and Ophir holds a 20 pct. interest.  Full Article

Ophir Energy PLC announces share buyback
Friday, 29 Aug 2014 02:02am EDT 

Ophir Energy Plc:Says the board has approved a share buyback programme of up to US$100 mln of ordinary shares.Enters into an arrangement with its brokers, Morgan Stanley Securities Limited, Jefferies International Limited and RBC Europe Limited, to enable the brokers to make purchases of shares during.Maximum aggregate number of shares that Ophir may purchase is 59,200,000 shares and the maximum price is the higher of 105 pct of the average middle-market price calculated over the five business days.  Full Article

Ophir Energy Plc announces CFO stepping down
Thursday, 28 Aug 2014 02:02am EDT 

Ophir Energy Plc:Says Lisa Mitchell is stepping down as Chief Financial Officer.  Full Article

Ophir Energy Plc does not declare dividendd
Thursday, 14 Aug 2014 02:01am EDT 

Ophir Energy Plc:Says no dividend has been declared/recommended for the period ended June 30.  Full Article

Seychelles signs final approval for Ophir Energy Plc's farm-in to WHL Energy Ltd's offshore exploration position
Tuesday, 15 Apr 2014 06:29pm EDT 

WHL Energy Ltd:Says that Republic of Seychelles has signed formal documentation approving Ophir Energy Plc's previously reported farm-in to WHL Energy Ltd's large offshore Seychelles exploration position.Under agreement Ophir is farming-in to earn 75 pct. interest in WHL Energy's offshore Seychelles petroleum exploration project area.  Full Article

FTSE marks fifth week of gains on China rate cut

* Salamander up after Ophir's offer to buy peer (Adds closing prices)

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