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Ophir Energy PLC (OPHR.L)

OPHR.L on London Stock Exchange

26 May 2017
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Latest Key Developments (Source: Significant Developments)

Ophir to develop fourth phase of Gulf of Thailand oil field
Wednesday, 17 May 2017 08:54am EDT 

May 17 (Reuters) - Ophir Energy Plc ::Final investment decision has been taken to commence fourth phase of development on Bualuang oil field in Gulf Of Thailand.Total investment for development is forecast to be $145 million from now until 2020.Development investment expected to deliver NAV growth of upwards of $50 million representing an unlevered IRR of 40+ pct.Development will consist of a 12 slot bridge-linked wellhead structure with additional power generation.First oil expected in second half of 2018.Ophir's reserves auditors forecast that development will convert 9.2 mmbo of contingent resources to reserves.Project is expected to start delivering cumulative positive cash flows from start of 2019.  Full Article

Ophir fails to find significant hydrocarbons in Cote D'ivoire test well
Monday, 15 May 2017 02:24am EDT 

May 15 (Reuters) - Ophir Energy Plc ::Ayame-1X well result.Ayame-1X exploration well in block 513, Cote D'ivoire, has reached total depth of 5,394m true vertical depth sub sea.Prospective reservoir intervals were encountered as prognosed.Oil shows were recorded in target reservoirs, but significant hydrocarbons were not encountered.Operations are forecast to complete by May 22 at an estimated final cost of $20.5 million gross.Full analysis and interpretation of data is ongoing, but well will be plugged and abandoned as a dry hole.  Full Article

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

More From Around the Web

Ophir to borrow $1.2 billion from Chinese banks for Fortuna floating LNG

AMSTERDAM British oil and gas explorer Ophir Energy plans to borrow $1.2 billion from Chinese banks to back the development of its Fortuna floating liquefied natural gas (FLNG) export project in Equatorial Guinea.