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United Kingdom

Ophir Energy PLC (OPHR.L)

OPHR.L on London Stock Exchange

57.00GBp
24 Apr 2019
Change (% chg)

0.00 (+0.00%)
Prev Close
57.00
Open
57.30
Day's High
57.30
Day's Low
57.00
Volume
74,900
Avg. Vol
7,901,073
52-wk High
68.30
52-wk Low
31.65

Latest Key Developments (Source: Significant Developments)

Ophir Energy Says Coro Does Not Intend To Make An Offer To Acquire Entire Issued Share Capital Of Ophir
Wednesday, 20 Mar 2019 

March 20 (Reuters) - :OPHIR ENERGY - CORO DOES NOT INTEND TO MAKE AN OFFER TO ACQUIRE ENTIRE ISSUED SHARE CAPITAL OF OPHIR.OPHIR ENERGY -ON 8 MARCH CO RECEIVED UNSOLICITED, "HIGHLY PRELIMINARY" INDICATION OF INTEREST FROM CORO REGARDING POSSIBLE OFFER FOR CO.OPHIR ENERGY -ON MARCH 8, CORO PROPOSED THAT OPHIR SHAREHOLDERS WOULD RECEIVE 40 PENCE IN CASH, AND, IN ADDITION, SHARES IN CORO FOR EACH OPHIR SHARE.OPHIR ENERGY -CORO ON WEDNESDAY CONFIRMED TO OPHIR THAT CORO DOES NOT INTEND TO MAKE AN OFFER TO ACQUIRE ENTIRE ISSUED SHARE CAPITAL OF OPHIR.  Full Article

Ophir Says Medco Increased Recommended Final Cash Offer For Ophir Energy
Wednesday, 20 Mar 2019 

March 20 (Reuters) - Ophir Energy Plc ::INCREASED RECOMMENDED FINAL CASH OFFER FOR OPHIR ENERGY PLC (“OPHIR”) BY MEDCO ENERGI GLOBAL PTE LTD.OPHIR ENERGY - UNDER TERMS OF INCREASED OFFER, CO'S SHAREHOLDERS WILL BE ENTITLED TO RECEIVE FOR EACH SHARE: 57.5 PENCE IN CASH.OPHIR ENERGY - INCREASED OFFER VALUES ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF OPHIR AT APPROXIMATELY £408.4 MILLION.OPHIR ENERGY- BOARDS OF MEDCO, MEDCO GLOBAL, CO AGREED ON TERMS OF INCREASED RECOMMENDED CASH OFFER BY MEDCO GLOBAL TO ACQUIRE CO.OPHIR ENERGY - OPHIR DIRECTORS CONSIDER TERMS OF THE INCREASED OFFER TO BE FAIR AND REASONABLE.OPHIR ENERGY - MEDCO GLOBAL ANNOUNCES THAT FINAL OFFER PRICE IS FINAL AND WILL NOT BE INCREASED.  Full Article

Sand Grove Capital Discloses 21.15 Pct Stake In Ophir Energy As Of Mar. 14
Monday, 18 Mar 2019 

March 18 (Reuters) - Ophir Energy PLC ::SAND GROVE CAPITAL MANAGEMENT DISCLOSES 21.15 PERCENT STAKE IN OPHIR ENERGY PLC AS OF MAR. 14 VERSUS EARLIER 20.39 PERCENT STAKE- FILING.  Full Article

Sand Grove Capital Management Raises Stake To 20.39 Pct In Ophir Energy
Friday, 15 Mar 2019 

March 15 (Reuters) - Ophir Energy PLC ::SAND GROVE CAPITAL MANAGEMENT RAISES STAKE TO 20.39 PERCENT FROM 18.73 PERCENT IN OPHIR ENERGY PLC - FILING.  Full Article

Ophir Energy's FY Revenue Increased 58 Pct
Tuesday, 12 Mar 2019 

March 12 (Reuters) - Ophir Energy PLC ::OPHIR ENERGY PLC - FY REVENUE INCREASED 58% TO $298 MILLION (2017: $189 MILLION).OPHIR ENERGY PLC - FY UNIT OPERATING COSTS $11.67 PER BOE (2017: $11.43 PER BOE).OPHIR ENERGY PLC - FY NET FUNDS FLOW FROM PRODUCTION INCREASED 55% TO $143.5 MILLION (2017: $90.1 MILLION).OPHIR ENERGY PLC - 2019 PRODUCTION IS FORECAST AT 25,000 BOEPD.OPHIR ENERGY PLC - EXPLORATION AND EVALUATION EXPENDITURE IS FORECAST TO REDUCE IN 2019 TO $35 MILLION VERSUS 2018 OUT-TURN OF $65 MILLION.OPHIR ENERGY PLC - GROUP PRODUCTION IN 2018 WAS 29,700 BOEPD, AHEAD OF MARKET EXPECTATIONS OF 27,500 BOEPD.OPHIR - COMMENCED PROCESS TO DETERMINE POTENTIAL TO CREATE DISTRIBUTABLE RESERVES TO ALLOW CO TO RETURN CAPITAL TO SHAREHOLDERS IN FUTURE.OPHIR ENERGY PLC - LOOKING TO REDUCE OUTSTANDING EXPLORATION FINANCIAL COMMITMENTS DUE TO HOST GOVERNMENTS DURING 2019.  Full Article

HSBC Holdings Stake In Ophir Energy Now "Below Disclosure Threshold"
Friday, 8 Mar 2019 

March 8 (Reuters) - Ophir Energy::HSBC HOLDINGS STAKE IN OPHIR ENERGY IS NOW "BELOW DISCLOSURE THRESHOLD" FROM EARLIER STAKE OF 11.429 PERCENT- FILING.  Full Article

Hotchkis And Wiley Capital Cuts Stake To 5.38 Pct From 6.49 Pct In Ophir Energy
Thursday, 7 Mar 2019 

March 7 (Reuters) - Ophir Energy PLC ::HOTCHKIS AND WILEY CAPITAL MANAGEMENT CUTS STAKE TO 5.38 PERCENT FROM 6.49 PERCENT IN OPHIR ENERGY PLC - FILING.  Full Article

SOCO Confirms It Does Not Intend To Make Offer For Ophir
Wednesday, 6 Mar 2019 

March 6 (Reuters) - SOCO International PLC ::RESPONSE TO SPECULATION ABOUT OPHIR ENERGY PLC.SOCO HAS FOR SOME TIME BELIEVED THAT A COMBINATION WITH OPHIR WOULD CREATE SIGNIFICANT AND LONG-TERM VALUE FOR SHAREHOLDERS.SOCO BELIEVES THAT A SHARE-BASED COMBINATION WITH OPHIR WOULD CURRENTLY BE CHALLENGING TO EXECUTE.SOCO BELIEVES THAT A SHARE-BASED COMBINATION WITH OPHIR WOULD REPRESENT AN "UNACCEPTABLE LEVEL OF RISK" FOR SOCO SHAREHOLDERS.SOCO CONFIRMS THAT IT DOES NOT INTEND TO MAKE AN OFFER FOR OPHIR.  Full Article

Bank Of America Corporation Discloses 7.01 Pct Stake In Ophir Energy
Monday, 18 Feb 2019 

Feb 18 (Reuters) - Ophir Energy: :BANK OF AMERICA CORPORATION DISCLOSES 7.010 PERCENT STAKE IN OPHIR ENERGY PLC - FILING.  Full Article

Sand Grove Capital Management LLP Raises Stake To 17.28 Pct From 15.22 Pct In Ophir Energy - Filing
Thursday, 14 Feb 2019 

Feb 15 (Reuters) - Ophir Energy PLC ::SAND GROVE CAPITAL MANAGEMENT LLP RAISES STAKE TO 17.28 PERCENT FROM 15.22 PERCENT IN OPHIR ENERGY - FILING.  Full Article

Genel Energy names oil veteran and insider Bill Higgs as CEO

Genel Energy Plc named oil veteran and Chief Operating Officer Bill Higgs as its top executive, the oil and gas exploration and production company said on Monday.