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Ophir Energy PLC (OPHR.L)

OPHR.L on London Stock Exchange

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22 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Ophir Energy says 66 pct of AGM votes in favour of remuneration report
Tuesday, 10 May 2016 09:15am EDT 

Ophir Energy Plc : 65.73 percent of votes cast at AGM favour of resolution to approve remuneration report, 34.27 percent against .87.99 percent of votes cast at AGM in favour of resolution to approve remuneration policy, 12.01 percent against.  Full Article

Ophir Energy Plc signed heads of agreements for Fortuna FLNG
Wednesday, 9 Dec 2015 02:00am EST 

Ophir Energy Plc:Says that it has signed heads of agreements (HoAs) for LNG offtake from the Fortuna FLNG project with six counterparties, all of whom are established LNG buyers in European and Asian markets.  Full Article

Ophir Energy plc raises average daily production
Thursday, 13 Aug 2015 02:00am EDT 

Ophir Energy plc:Says the average daily production forecast for FY 2015 has increased to 11,000-12,500 boepd.  Full Article

Ophir Energy plc announces completion of acquisition
Tuesday, 28 Apr 2015 02:00am EDT 

Ophir Energy plc:Has completed acquisition of four deepwater Production Sharing Contracts (PSCs) in Indonesia from Niko Resources (Niko).Says this follows announcement of agreement to acquire interests in series of Niko's deepwater PSCs on Oct. 27, 2014.  Full Article

Ophir Energy plc updates on acquisition
Monday, 19 Jan 2015 08:30am EST 

Salamander Energy plc:On Jan. 14, Salamander says an intention to terminate by mutual agreement with SONA Petroleum Berhad (SONA) previously announced sale and purchase agreement dated July 18, 2014.Agreement to dispose of an effective 40 pct working interest in B8/38 concession containing the Bualuang oil field and the surrounding G4/50 concession, both located in the Gulf of Thailand.SONA announced on same date that it intends to approach Ophir or Salamander regarding a revised transaction following their respective shareholder meetings in relation to the Transaction on 6 Feb. 06 based on new terms reflecting prevailing market conditions and level of oil prices.Salamander on Jan. 19 says that, with prior consent of Ophir, it has entered into an agreement with SONA to terminate the SONA SPA and related documentation.Accordingly, Salamander and Ophir jointly announce that condition to the Transaction contained in paragraph 3 of Part A of Part 3 of the Scheme Document relating to the termination of the SONA SPA has now been satisfied.  Full Article

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 says looking at range of equity investors for Fortuna project

CAPE TOWN, June 6 Oil and gas explorer Ophir Energy Plc said on Monday it was talking to a range of equity investors, as well as gas buyers to help finance its Fortuna FLNG project in Equatorial Guinea, after Schlumberger walked away.