Statement re possible offer for Ophir by PT Medco But the fear is that if the sale fails then I would have thought the price should fall back
Statement re possible offer for Ophir by PT Medco Logic no greed yes…it would appear it’s not all agreed and finished for 55p after all. The 25%+ needed posse have exactly that in shares of the company and a sale won’t be reached without their consent, whatever that is. best of luck
Statement re possible offer for Ophir by PT Medco Any logic as to why ophr is now 56 and pushing upwards? Maybe new higher offer in pipeline?
Will we see block 5 spud? Cant compete with that C, far to many swear words in mine. Just on a lighter note, I’m reckoning 65% acceptance on the vote. If we survive it will be an interesting period. Do the board get replaced, do we get a higher offer. Something really stinks about the whole thing. Still hopeful that the offer will get rejected. Must dash, starting work very early tomorrow. B. Still trying to come up with a witty poem for you to mark.
Will we see block 5 spud? Mornin B. Talos and Premier were targetting volumes pretty much in line with our well estimates, so we could have anything here. Until the data is collected we’re shrooms. It may not matter by then if we’re sold, but, it will just go to show the game was up for Ophir from a long way out, when the big hitters bailed from here a few years ago, knowing the pi’s were being greased up for oblivion. If you’re not in the know, you know, you know… As I went home on Monday night as drunk as drunk could be I saw just worthless Ophir shares where my old shares should be Well, I called me wife and I said to her: Will you kindly tell to me Who owns those shares outside the door where my old shares should be? Ah, you’re drunk, you’re drunk you silly old fool, still you can not see That’s a lovely investment that Nick Cooper sold to me Well, it’s many a day I’ve travelled a hundred miles or more But Nick Cooper and a return sure I never saw before… best of luck B
Will we see block 5 spud? Morning BB. Mountain rescue superb B much needed up here. I’m told folk go up these wee hills in shorts and t-shirts… Success with the drillbit but the board still pushing on with the sale…it’s the black stuff too and we have interest in other block’s here GOM 10 and 12. I’ll also be voting no but it’ll be a long time til i get my concrete wellies aff regardless. Edison – 12 Mar 19 Hydrocarbon discovery for Murphy at Cholula-1 offshore Mexico • Edison % US independent Murphy Oil has encountered oil and gas in its Cholula-1 well in the Salina del Istmo Basin offshore Mexico, though further drilling will be required to confirm commerciality. Murphy was targeting gross mean resources of 220mmboe in the... What’s that coming over the hill…your new song BB best of luck
Will we see block 5 spud? Evening Charlie. Been meaning to get back to you for ages but went on a mountain training course in my spare time. Would love to help out in mountain rescue but you have to be fit and available. I’m getting there. Just read on the LSE bb courtesy of NewKOTB. “Murphy Oil has made a discovery with its depwater Cholula-1 wildcat drill off Mexico and encountered hydrocarbons.” I have not done anymore reading on that yet as I have just got home but just wetting your appetite. I also see the sp dropped sub 55p. Still reckon we are going to be sold off for 55? Also see we have until the 25th March to get our votes in. I’m posting my 0.0001908744% holding in the NO envelope. Right I have to go, my beloved dog wants a tummy rub and a ‘play with me’ look on his face. Been waiting a while to do that. Baron. Happier than he was a while back.
Eleven Bob Looks like Goldman Sachs and friends are trying to manouvere a sale by picking up the shares needed to force any outcome in their favour, who would work for those dirty dogs… “Dr Nick Cooper was appointed as an Executive Director and Chief Executive Officer in June 2011. Prior to joining Ophir, Nick was Chief Financial Officer and co-founder of Salamander Energy plc. He began his career as a geophysicist with BG and Amoco before joining Booz-Allen & Hamilton. From 1999-2005 he was a member of the oil and gas team at Goldman Sachs.” Nick’s been a pivotal part of the orchestrated long demise here…he’s still in the building chiselling away at our dues… [link] [link] best of luck
Will we see block 5 spud? Drill bits turning, dice are rolling, will it affect the sale of Ophir Energy…only if they tell the truth or press the sell button on the slightest inclination of oil from the wire logging. The ladys front bottoms in charge of Ophir will be well and truly greased up if that news ever quietly surfaces. Murphy spins drillbit at Cholula off Mexico Kathrine Schmidt 21 Feb 2019 230 GMT Murphy Oil is drilling ahead at its Cholula well off Mexico, a key test in the country’s offshore Salina basin, which has been prolific in shallow waters but remains little explored in its deeper areas, writes Kathrine Schmidt. The US independent confirmed to Upstream that operations at the well began earlier in the month. Work on the probe is being carried out by the drillship Transocean Deepwater Asgard. According to Mexico’s National Hydrocarbons Commission (CNH) oil regulator, the well is targeting a resource of between 200 million and 500 million barrels of oil equivalent, and is being drilled in about 750 metres of water some 120 kilometres off Tabasco state. It will target Middle and Lower Miocene objectives, with a planned total depth of 4000 metres, according to the CNH. Murphy operates Block 5 with a 30% stake and is partnered by Malaysia’s Petronas, UK independent Ophir Energy and Mexican private equity outfit Sierra Oil & Gas, which has struck a deal to be acquired by Germany’s DEA. Murphy was approved last year for the $90 million work programme at the block. If successful, the partners could opt to drill a delineation well, bringing the investment closer to $158 million. The well is one of multiple long-awaited tests stemming from areas awarded in Mexico’s first set of deep-water blocks handed to private operators in 2016, which have finally resulted in operations this year. BHP started off the year by drilling an appraisal to Pemex’s Trion discovery with the Transocean drillship Deepwater Invictus, which is expected to return to Mexico later in the year after completing a programme off Trinidad. Total is also understood to be under way with work at its Etzil well in Block 2 on the Perdido fold-belt with the drillship Rowan Rennaissance, where it is partnered by ExxonMobil. Murphy drilling ahead at Cholula Work for potential play-opening wildcat being completed by Transocean Deepwater Asgard Kathrine Schmidt 20 Feb 2019 178 GMT Updated 20 Feb 2019 17:11 GMT Murphy Oil is drilling ahead at its Cholula well off Mexico, a key test in the country’s offshore Salina basin which has been prolific in shallow waters but remains little explored in its deeper waters. The US independent confirmed to Upstream that operations at the well began earlier in the month. Work on the probe is being carried out by the drillship Transocean Deepwater Asgard. According to Mexico’s National Hydrocarbons Commission oil regulator, the well is targeting a resource of between 200 million and 500 million barrels of oil equivalent, and is being drilled in about 750 metres of water some 120 kilometres off Tabasco state. It will target middle and lower Miocene objectives, with a planned total depth of 4000 metres, according to the CNH. Murphy operates Block 5 in the Salina basin with a 30% stake, and is partnered by Malaysia’s Petronas, the UK"s Ophir Energy and Mexican private equity outfit Sierra Oil & Gas, which has struck a deal to be acquired by Dea. Murphy was approved last year for the $90 million work programme at the block. If successful, the partners could opt to drill a delineation well, bringing the investment closer to $158 million. The well is one of multiple long-awaited tests stemming from areas awarded in Mexico’s first set of deep-water blocks awarded to private operators in 2016 that have finally resulted in operations this year. BHP started off the year by drilling an appraisal to Pemex’s Trion discovery with the Transocean drillship Deepwater Invictus, which is expected to return to Mexico later in the year after completing a programme off Trinidad. That well under a farm-out agreement with Pemex was the first deep-water probe to be drilled off Mexico by a non-state operator. Total is also under way with work at its Etzil well in Block 2 on the Perdido fold-belt with the drillship Rowan Rennaissance, where it is partnered by ExxonMobil. Petronas has also booked that rig starting in March for a one-well contract, presumably at its operated Block 4 in the Salina basin, which is its only block in Mexico to have an approved exploration plan. The Malaysian player is opting to proceed with the drilling despite not having a well commitment on the block. Other deep-water drilling in Mexico for 2019 – which is already becoming a banner year for exploration in the country – could include wells by CNOOC on Blocks 1 and 4 in the Perdido fold-belt as well as Equinor in Block 1 of the Salina basin late in the year, other blocks from the initial Round 1.4. Westwood Global Energy commented to Upstream on the geology of the Murphy-operated Block 5, which lies about 30 kilometres north of the Talos-operated Zama discovery in the Deep Campeche Salt Basin. The well is believed to be “attempting to extend the Miocene clastic play proven at Zama northwards into deeper water,” analyst Vikesh Mistry told Upstream. “There are some important geological differences between shallow water Zama (Block 7) and Cholula (Block 5), with more complex salt tectonics and hydrocarbon migration pathways and with seismic imaging challenges also. It could take several wells to prove this play in the deep-water Campeche Salt Basin.” The Petronas target on Block 4 is believed to be a different play, a carbonate objective. Petronas rigged up for Mexico Malaysian NOC set to drill deep-water prospect starting in the next quarter Russell Searancke 13 Feb 2019 04:29 GMT Updated 13 Feb 2019 160 GMT Malaysian national oil company Petronas has hired an ultra-deep water drillship owned by US driller Rowan for a one-well programnme off Mexico. Rowan said the Rowan Renaissance, an R-Class ultra-deep water drillship, would work for Petronas for an estimated 80 days starting in the second quarter of 2019. Petronas also has a one-well priced option with an estimated duration of 80 days. The drillship is currently under contract to Total in the offshore Mexico play until about March 2019, where the French supermajor is drilling the Eztil-1 well in the Perdido fold-belt. The move comes as something as a surprise given that the only block where Petronas currently has an exploration plan approved is Block 4 in the Salina Basin from Mexico’s Round 1.4, where the company does not have a well commitment. However Petronas is also partnered with Murphy Oil in the adjacent Block 5 where the US independent has been planning for some time to drill its Cholula well, which is set to spud shortly. That means the region could see two potentially play-opening wells go down in the Salina basin in the coming months, instead of just one. More work in the Salina basin, which has intrigued geologists but has yet to be proven as a deep-water play, is planned for the region in later rounds, but the regulatory groundwork there is still being completed. And the success enjoyed in the block just south of our block 5… [link] best of luck
Soco International. OPHR… XXXX Went above offer price today to 56p
Soco International. OPHR… XXXX Posts on here saying not worth holding out for more then 55p. Although being aware from lse site that large investor Petrus is not happy and has requested in writing a higher offer should looked for. This offer might be withdrawn ? That would be a good reason to sell short term ? But what is the rational for selling now if you think it will not be withdrawn ?
Eleven Bob Good find Chummer. I do hope Hannam is politically motivated and good at disrupting a process, just like the numpties on brexit. I don’t think they will get the 75% they need. I think 55p is a joke of an offer and the way the BoD have behaved is not on. Having Hannam come out and say ‘slow down’ is a good thing in my eyes. Probably not have the desired effect but I reckon 75% is going to be a struggle. Just for once I would like to make a investment in a company with a bright future from the start and good prospects going forward and not have it pawned off for cheap. I don’t trust any of them anymore but I would like to see them get their fingers out and try to give us a bit more share holder value or whatever buzz word they use now. Sorry, im cross. B.
Eleven Bob [link]
Will we see block 5 spud? Yes, the drilling on the Mexico Block 5 well has just been started - Cholula is the well name - according to Upstream: Upstream Online | Latest oil and gas news – 20 Feb 19 Murphy drilling ahead at Cholula Work for potential play-opening wildcat being completed by Transocean Deepwater Asgard
Eleven Bob Some will increase their position so they can influence any future decisions better. Share thresholds, company %'s to accept/deny any future sale or future production entity control…maybe the company sp would be worth x 10 a year from now with the right people in charge. Imagine those with a new vested interest in Ophir picking up block R again for buttons on April fools day, success in block 5 GOM, installing a new chairman and board and turning future investments into a success at an entry of around 10 bob a share? Trickier than a bag of monkeys these guys…or maybe they just want an extra 10p per share the now. We’ll soon know… best of luck