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Ophir Energy PLC (OPHR.L)

OPHR.L on London Stock Exchange

46.90GBp
21 Jan 2019
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Latest Key Developments (Source: Significant Developments)

Ophir Energy Sees 2019 Capex To Be About $150 Million
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Ophir Energy PLC ::OPERATIONS AND TRADING UPDATE.NOW WELL POSITIONED TO GENERATE SIGNIFICANT FREE CASH FLOW GOING FORWARD.DAILY PRODUCTION FOR 2019 IS FORECAST IN LINE WITH PREVIOUS GUIDANCE AT 25,000 BOEPD.2018 DAILY PRODUCTION AVERAGED 29,700 BOEPD, 8 PCT AHEAD OF GUIDANCE WITH MADURA, SAMPANG AND BLOCK 12W CONTRIBUTING 18,000 BOEPD.2018 FINANCIAL STATEMENTS LIKELY TO INCLUDE PROVISIONS OF ABOUT $10 MILLION FOR RESTRUCTURING AND RELOCATION COSTS.2019 CAPITAL EXPENDITURE IS EXPECTED TO BE ABOUT $150 MILLION.  Full Article

Ophir To Record Impairment Of Asset Of About $300 Mln As Equatorial Guinea License Not Extended
Monday, 7 Jan 2019 

Jan 7 (Reuters) - Ophir Energy PLC ::OPHIR ENERGY: BLOCK R LICENCE, EQUATORIAL GUINEA.BLOCK R LICENCE, WHICH CONTAINS FORTUNA GAS DISCOVERY, WILL NOT BE EXTENDED.THERE WILL BE AN ADDITIONAL NON-CASH IMPAIRMENT OF ASSET, EXPECTED TO BE AROUND $300 MILLION, IN OPHIR'S FULL YEAR FINANCIAL RESULTS.  Full Article

Ophir Energy Says In Talks With PT Medco Energi's Unit On Possible Cash Takeover
Monday, 31 Dec 2018 

Dec 31 (Reuters) - Ophir Energy::CONFIRM IN DISCUSSIONS ABOUT A POSSIBLE CASH OFFER TO BE MADE BY UNIT OF PT MEDCO ENERGI INTERNASIONAL TBK FOR OPHIR.BY NOT LATER THAN 5PM ON 28 JAN 2019, MEDCO MUST ANNOUNCE FIRM INTENTION TO MAKE OFFER OR THAT IT DOES NOT INTEND TO MAKE OFFER FOR CO.  Full Article

Ophir Energy Increases And Extends Debt Facility
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Ophir Energy PLC ::INCREASE AND EXTENSION OF DEBT FACILITY.RESERVE BASED LENDING FACILITY INCREASED BY US$100 MILLION TO US$350 MILLION FACILITY AND MATURITY OF RBL HAS BEEN EXTENDED BY 18 MONTHS.INCREASED AND EXTENDED RBL WILL BE SECURED AGAINST GROUP'S ACQUIRED PRODUCING ASSETS IN SOUTHEAST ASIA.PROCEEDS FROM RBL INCREASE WILL BE USED TO FULLY REPAY 18 MONTH BRIDGE FACILITY SIGNED TO PARTLY FUND DEAL WITH SANTOS.NOW EXPECTS TO END YEAR WITH NET DEBT OF US$65 MILLION VERSUS PREVIOUS GUIDANCE OF US$110 MILLION.GROSS LIQUIDITY AT YEAR-END IS EXPECTED TO BE US$360 MILLION VERSUS PREVIOUS GUIDANCE OF US$260 MILLION.  Full Article

Capital Group Cuts Stake In Ophir Energy To 4.73 Pct From 9.86 Pct - Filing
Monday, 1 Oct 2018 

Oct 1 (Reuters) - Ophir Energy PLC ::CAPITAL GROUP COMPANIES CUTS STAKE IN OPHIR ENERGY TO 4.73 PERCENT FROM 9.86 PERCENT - FILING.  Full Article

Ophir Energy Posts H1 Average Production Of 11,400 BOEPD
Thursday, 12 Jul 2018 

July 12 (Reuters) - Ophir Energy PLC ::PROVIDES FOLLOWING UPDATE ON ITS TRADING AND OPERATIONS FOR SIX-MONTH PERIOD ENDING 30 JUNE 2018.SEARCH FOR A NEW CEO IS MAKING GOOD PROGRESS AND A NUMBER OF HIGHLY EXPERIENCED AND QUALIFIED EXTERNAL CANDIDATES HAVE BEEN IDENTIFIED.H1 AVERAGE PRODUCTION OF 11,400 BOEPD, MARGINALLY AHEAD OF EXPECTATIONS.H1 REVENUE OF $102 MILLION AND CASH FLOW FROM PRODUCTION OF $43 MILLION.NET CASH OF $75 MILLION AND GROSS LIQUIDITY (CASH AND UNDRAWN DEBT FACILITIES) AT 30 JUNE 2018 OF $370 MILLION.  Full Article

Ophir Energy Says Disappointed In Dissolution Of OneLNG Joint Venture With Schlumberger
Thursday, 31 May 2018 

May 31 (Reuters) - Ophir Energy Plc ::NOTE ANNOUNCEMENT BY GOLAR LNG PARTNERS' REGARDING DISSOLUTION OF ITS ONELNG JOINT VENTURE WITH SCHLUMBERGER.GOLAR, OPHIR REMAIN ACTIVELY ENGAGED IN SENIOR LEVEL DISCUSSIONS WITH A NUMBER OF COUNTERPARTIES OVER A FINANCING SOLUTION FOR PROJECT.DISAPPOINTING THAT SCHLUMBERGER WILL NO LONGER BE PART OF PARTNERSHIP GROUP.OPHIR HAS ALREADY HELD INFORMAL DISCUSSIONS WITH OTHER POTENTIAL PARTNERS FOR FORTUNA PROJECT.FOLLOWING ANNOUNCEMENT RE. ONELNG, CO FORMALISED DISCUSSIONS AND ARE ACTIVELY MOVING FORWARD WITH THEM..  Full Article

Ophir Energy Says Entered Farm-Out Agreement With Kosmos Energy Covering Eg-24 Exploration Licence In Equatorial Guinea
Monday, 14 May 2018 

May 14 (Reuters) - Ophir Energy PLC ::SAYS ENTERED INTO A FARM-OUT AGREEMENT WITH KOSMOS ENERGY COVERING EG-24 EXPLORATION LICENCE IN EQUATORIAL GUINEA.SAYS UNDER TERMS KOSMOS WILL ACQUIRE A 40% NON-OPERATED INTEREST IN BLOCK EG-24.  Full Article

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

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 awarded upstream construction contract
Monday, 2 Oct 2017 

Oct 2 (Reuters) - Ophir Energy Plc ::OPHIR EQUATORIAL GUINEA (BLOCK R) LTD, HAS AWARDED UPSTREAM CONSTRUCTION CONTRACT FOR FORTUNA FLNG PROJECT TO SUBSEA INTEGRATION ALLIANCE.OPHIR ENERGY PLC - AT FID OPHIR EQUATORIAL GUINEA (BLOCK R) LTD WILL BECOME A WHOLLY-OWNED SUBSIDIARY OF FORTUNA JV​.  Full Article

UPDATE 1-Ophir beats annual production forecast as Asian assets boost output

Jan 15 Oil and gas company Ophir Energy Plc said on Tuesday full-year production exceeded its own forecast, a day after it rejected Indonesian oil and gas group Medco Energi Internasional Tbk PT's potential buyout offer.