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Ophir Energy PLC (OPHR.L)

OPHR.L on London Stock Exchange

8 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Ophir Energy H1 pretax loss narrows to $70 million
Thursday, 15 Sep 2016 02:00am EDT 

Ophir Energy Plc : H1 pretax loss -70 million usd versus -123 million usd loss year ago . H1 revenue 52 million usd versus 86 million usd year ago . Fortuna is now a low cost upstream project, "technically ready" for fid . Average daily production of 11,000 boepd (including sinphuhorm), in line with expectations . Have shortlisted four high quality, high credit-rated gas off-takers, all of whom are significant players in lng market . Recently submitted a joint study agreement covering open acreage adjacent to our licences in west papua with our partner statoil .We expect to make further progress in capturing more acreage in second half of year.  Full Article

Ophir says Indonesian field production in line with schedule
Tuesday, 13 Sep 2016 02:00am EDT 

Ophir Energy Plc : Operational update . Commercial production has commenced from Kerendan field, Indonesia, in line with schedule Ophir announced on acquiring asset in March 2015 . Further discussions regarding an upward adjustment to contracted gas price are at an advanced stage and are also expected to conclude before end of this year . Bualuang water debottlenecking project completed production was restarted on Sept 2, after a 10 day shutdown .As of Sept 11 Bualuang field was producing at an instantaneous rate of 9,700 bopd.  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

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

Deals of the day - Mergers and acquisitions

Nov 10 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday: