Half Yearly's They mention share holder return being the priority numerous times, in fact much more than I would have expected. Sounds like they might mighty even give a special dividend or something? As the share price has been so bad for so long that might be the only way of helping the situation.
Half Yearly's Results tomorrow…most of our news to reveal itself in the next 3 months or so…tomorrow would be a good start although i’m not expecting much. SP free of seller and recovery…FID resolution…Mexico block 5 spud all to come in the next few months with positive and negative outcomes possible. Plenty of organisations taking up the slack on the shares…they can’t all be wrong esp. Hotchkis who must know SailingStone very well and have taken up much of the slack at favourable prices…orchestrated? you decide. best of luck
Looks like we're in lads 3 (maybe 4 years) tops I reckon, a lot of subsea work to do etc, but by far the cheaper option and quicker start up time. What are the Tanzanians playing at!
Looks like we're in lads There has been some heavy days of trading, well for Ophir anyway, since SailingStone decided to ditch us. They can’t have much more to sell into the market, so what happens when the selling stops? Coupled with good news going forward would be perfect… Daily… investing.com Ophir (OPHR) Historical Prices - Investing.com Find here historical data for the Ophir Energy Plc stock (OPHR) as well as the closing price, open, high, low, change and %change. V’s monthly…a year ago we were trading around a third of the share’s monthly. investing.com Ophir (OPHR) Historical Prices - Investing.com Find here historical data for the Ophir Energy Plc stock (OPHR) as well as the closing price, open, high, low, change and %change. Who knows, but…best of luck
Looks like we're in lads All I seem to read is good news. All the share price does is go down
Looks like we're in lads U.K. – 5 Sep 18 Ophir Energy says optimistic can agree Fortuna deal by year-end Ophir Energy is "cautiously optimistic" it will meet a looming deadline for a final investment decision and save its stalled Fortuna FLNG project in Equatorial Guinea, a senior official said on Thursday.
Mexico and Santos News Deep-water wildcats on Mexico menu Key wells to be spudded in fourth quarter, most of which are on deep-water acreage awarded in 2016 round Kathrine Schmidt Houston 6 Sep 2018 220 GMT Share: E-mail Mexico’s private operators are gearing up for what could be an exciting few months of exploration in late 2018 after years of careful planning. The key wells set to start in the fourth quarter — other than Talos Energy’s appraisal of the Zama discovery in shallow water — will stem largely from contracts awarded in Mexico’s first deep-water bid process in 2016. The highest-profile of those wells is the Trion probe from BHP, set to go down after the company wraps up with a trio of wells off Trinidad currently in progress, with work under way by the Transocean drillship Deepwater Invictus. The plan is to sail to the Mexican sector of the Gulf of Mexico in the fourth quarter to drill the company’s first appraisal of the Trion discovery, where BHP is partnered with Pemex in the state-led company’s only deep-water farm-out. The company has also permitted several exploration prospects near Trion to fulfill the minimum work programme of two wells. BHP chief executive Andrew Mackenzie said in a recent investor call that the company did not find “particular cause for alarm” with the change in administration relative to the company’s work on Trion. “We have a great relationship right now with Pemex,” he told analysts. “We have been able to progress all the approvals to drill the well pretty much in line with what we expected. We have seen other opportunities to drill.” Prospects France’s Total won the contract for Block 2 in Perdido in Mexico’s inaugural deep-water Round 1.4 in 2016, along with US supermajor ExxonMobil, and plans to spud the Etzil-1 well there this December. Murphy, another victorious operator from Round 1.4, says it will now kick off drilling of its first prospect, Palenque, in the fourth quarter. The well is set to be a first-of-its kind deep-water probe in the southern Salina del Istmo basin, which has been a prolific producer in shallow waters but has seen little exploratory activity in deeper waters. The block in question, Contractual Area 5, was the most competitive of that first deep-water round, and was captured by Murphy in partnership with Petronas, Sierra Oil & Gas and Ophir Energy. In a call with investors last month, Murphy chief executive Roger Jenkins referred to the prospects as some of the “nicest” he has seen in his career, and was likewise nonplussed in regard to the change in government or its possible effect on the company’s immediate work programme. “I’m not sure about where future leases will be, but we have ours, we feel good about it, we feel good about what we’re hearing,” he told analysts. “We’re progressing through an approval process to drill, we’re moving full on with that, and do not see anything in that election to prevent that at this time.” In May the CNH approved Murphy’s exploration plan, a proposed $90 million work programme overall which would see the well drilled in about 750 metres of water some 120 kilometres off Tabasco state. It will aim to target middle and lower Miocene objectives, with a total target depth of 4000 metres. If successful, the partners could also opt to drill a delineation well, which would bring the investment closer to $158 million. The block covers 2573 square kilometres, with water depths ranging between 450 and 1450 metres. Estimate Murphy sees a mean pre-drill estimate for the prospect at 200 million barrels of oil equivalent with 500 million boe as an upside, with a net well cost to the company of about $15 million. China National Offshore Oil Corporation (CNOOC), which landed two blocks and committed to three wells in Round 1.4, could also see operations kick off in the early part of 2019, according to exploration plans approved by the CNH. The plan outlined two scenarios. The first would involve the drilling of the Ameyali 1 EXP well, which would target upper Wilcox objectives that represent the best-imaged structure to date on the blocks, CNH officials said. That could result in the incorporation of reserves of up to 225 million barrels. Then, if successful, a delineation well could fulfill the two-well requirement. In an alternative scenario, CNOOC would also drill a second exploration prospect called Tlami 1 EXP, which could also yield its own delineator in the event of positive results. The second round of drilling might not take place until early 2021, however, near the end of the four-year exploration phase. Upstream has previously reported that the CNOOC semi-submersible Bluewhale I could be in contention to carry out the work on the blocks. Other operators from the initial batch of deep-water blocks let in 2016 saw approval of exploration plans this year, but drilling is farther out. Statoil won approval for an exploration plan for Area 3 in the Salina basin that calls for one prospect, Hunab, to be drilled in late 2019. Meanwhile, BP has penciled in drilling at a prospect called Serrano in Area 1 of the Salina basin in the third quarter of 2020. The last two winners in Round 1.4, a grouping of Chevron, Pemex and Inpex on Area 3 in the Perdido area, and Petronas with Sierra on Area 4 of the Salina basin, did not commit to any wells in the round, focusing instead on seismic and studies. Santos completes asset sale Ophir Energy completes acquisition of stakes in Asia Josh Lewis 6 Sep 2018 23:49 GMT Updated 6 Sep 2018 23:57 GMT Share: E-mail Australian company Santos has completed the sale of its non-core Asian assets to London-based independent Ophir Energy. Santos confirmed Friday it had completed the sale of the assets following the initial deal originally agreed in May. It said it had received cash proceeds of US$144 million at completion, representing a sale price of US$221 million after standard adjustments including net free cash flows generated by the assets from the transaction effective date of 1 January 2018 through to completion. Included in the sale was Santos’ 31.875% interest the Block 12W production sharing contract and 50% stake in the Block 123 PSC in Vietnam, its 67.5% stake in the Madura offshore PSC and 45% share in the Sampang PSC in Indonesia, its 20% interest in the deep-water Block R PSC in Malaysia and its 45% stake in the SS-11 PSC in Bangladesh. Block 12W contains the Chim Sao and Dua oilfields, Madura contains the Maleo and Peluang gas field, Sampang hosts the Oyong and Wortel gas fields, while Block R contains the Bestari oil discovery. Santos will use the funds received from the sale in September to help reduce its net debt, which stood at US$2.2 billion as of 31 August. The company said Friday it looks set to reach its US$2 billion net debt target by next month, more than a year ahead of schedule. The potential bounce here may be considerable…it may have been planned that way from a long way out? best of luck
Looks like we're in lads As ever CH, you come up with some great research, fingers crossed, hopefully we will have our partners signed up soon
Looks like we're in lads Acquired the Santos bits n bobs today…anybody? best of luck
RNS today...new asets aquired...fcukin retards designed this site a 5yr old could have designed a better site, should have left things as they were, navigating on here is painfull, someone somewhere should be hauled over the coals for the mess they have created capt. morgan
III forum It’s why I rarely come on here now, truly awful…
RNS today...new asets aquired...fcukin retards designed this site Hi CH, I hate this site now, it’s just awful…
RNS today...new asets aquired...fcukin retards designed this site Result of Meeting by Regulatory News | 20th August 2018 12:56 RNS Number : 3177Y Ophir Energy Plc 20 August 2018 20 August 2018 Ophir Energy PLC (“Ophir” or the “Company”) Proposed acquisition of certain Southeast Asian producing and exploration assets from Santos Limited On 3 May 2018 Ophir announced the proposed acquisition of a package of Southeast Asian assets from Santos Limited, an Australian listed oil and gas company, for an aggregate cash consideration of $205 million pre-working capital adjustments, subject to certain approvals (the “Transaction”). In connection with the Transaction, Ophir announces that at the general meeting of the Company held today, the resolutions put to the shareholders to approve the Transaction and the Commitment Compensation Payment Arrangements in relation to the Transaction were duly passed on a poll. The results showing the number of votes received for and against both resolutions are shown below. Resolutions Votes For Votes Against Votes Withheld Number % Number % 1 To approve the Transaction on the terms set out in the Transaction Agreements (as defined in the Circular) 536,162,031 100.00 6,429 0.00 15,176,060 2 To approve the Commitment Compensation Payment Arrangements on the terms set out in the Transaction Agreements 536,160,977 100.00 6,429 0.00 15,176,814 Both resolutions were proposed as an ordinary resolution. As at the date of the general meeting, the Company had 746,019,407 ordinary shares in issue. The Company holds 38,883,130 shares in treasury and therefore the number of total voting rights as at the voting record date was 707,136,277. In accordance with the Company’s Articles of Association, every member who is present in person or by proxy has one vote for every share held. The scrutineer of the poll was Equiniti Limited, the Company’s Share Registrar. Note that a “vote withheld” is not a vote in law and have not been included in the calculation of votes “for” and “against” each resolution. Proxy appointments which gave discretion to the Chairman have been included in the “for” total. In accordance with Listing Rule 9.6.2, copies of the resolutions will shortly be submitted to the National Storage Mechanism and will be available for inspection at www.morningstar.co.uk/uk/NSM. In accordance with the expected timetable of events set out in the Circular, the expected date of completion in respect of the Producing Assets is Friday, 7 September 2018. Completion in respect of the Exploration Assets is expected to take place in the first half of 2019, subject to certain additional conditions that must be fulfilled prior to completion. Further announcements will be made upon completion of each set of Assets. Capitalised terms used in this announcement but not otherwise defined herein shall have the same meaning given in the Circular. For Further Information please contact: Philip Laing, General Counsel & Company Secretary About Ophir Ophir Energy plc is an independent upstream oil and gas exploration and production company. It is listed on the London Stock Exchange (LEI: 213800LAZOZTKPAV2583). This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact email@example.com or visit www.rns.com. END
III forum Fcukin joke of a forum run by retards…
It's a great summer CH. In at 38.40 this morning. A wee punt. Timed it right, i hope. Must dash. Baron.