Edition:
United States

Ophir Energy PLC (OPHR.L)

OPHR.L on London Stock Exchange

55.00GBp
22 Feb 2019
Change (% chg)

-0.20 (-0.36%)
Prev Close
55.20
Open
55.30
Day's High
55.30
Day's Low
55.00
Volume
463,894
Avg. Vol
5,387,072
52-wk High
68.30
52-wk Low
31.65

Latest Key Developments (Source: Significant Developments)

Sand Grove Discloses 15.22 Pct Stake Vs 12.93 Pct Stake Earlier In Ophir Energy
Tuesday, 12 Feb 2019 08:42am EST 

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 09:33am EST 

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 02:00am EST 

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 02:01am EDT 

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 02:00am EDT 

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 02:00am EDT 

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 02:02am EST 

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

Ophir Energy Says Average Daily Production Expected To Be Level In 2018 At About 11,500 Boepd
Tuesday, 16 Jan 2018 02:00am EST 

Jan 16 (Reuters) - Ophir Energy Plc ::‍DAILY PRODUCTION FROM BUALUANG AND KERENDAN FIELD WAS BROADLY IN LINE WITH GUIDANCE PROVIDED IN MID-2017 AND AVERAGED 11,700 BOEPD​.‍2017 CAPITAL AND INVESTMENT EXPENDITURE (BEFORE WORKING CAPITAL ADJUSTMENTS) WAS BELOW GUIDANCE AT $104 MILLION​.‍AVERAGE DAILY PRODUCTION IS EXPECTED TO BE LEVEL IN 2018 AT ABOUT 11,500 BOEPD.‍UNDERLYING CASH FLOW FROM PRODUCTION IN 2018 IS FORECAST TO BE APPROXIMATELY $90 MILLION AT AN AVERAGE BRENT OIL PRICE OF $57 PER BBL.​.  Full Article

Ophir Energy posts HY revenue $88.3 mln
Thursday, 14 Sep 2017 02:00am EDT 

Sept 14 (Reuters) - OPHIR ENERGY PLC :HY REVENUE $88.3 MILLION VERSUS $52.1 MILLION YEAR AGO.PRODUCTION DURING FIRST HALF OF 2017 AVERAGED 11.3 MBOEPD.FORECAST PRODUCTION FOR FULL YEAR 2017 REMAINS AS PREVIOUSLY GUIDED AT APPROXIMATELY 12 MBOEPD..FORTUNA PROJECT CONTINUES TO MAKE PROGRESS TOWARDS AN EXPECTED FID IN 4Q 2017.SAYS CURRENT EXPECTATION IS THAT INVESTMENT IN FORTUNA WILL DELIVER AN IRR OF 25-35%.  Full Article

Ophir says Fortuna FLNG Offtake awarded to Gunvor
Monday, 21 Aug 2017 02:00am EDT 

Aug 21 (Reuters) - Ophir Energy Plc ::FORTUNA FLNG OFFTAKE AWARDED TO GUNVOR.MINISTRY OF MINES AND HYDROCARBONS, OPHIR EQUATORIAL GUINEA (BLOCK R), ONELNG SA AND GEPETROL HAVE NOMINATED GUNVOR GROUP.NOMINATED AS THEIR PREFERRED LNG BUYER FOR OFFTAKE FROM FORTUNA FLNG PROJECT.  Full Article

Indonesia's Medco wins deal to buy Ophir Energy

Indonesian oil and gas group Medco agreed to buy London-listed Ophir Energy for a sweetened cash bid of $511 million, as it looks to boost its Southeast Asia portfolio and gain access to international assets.