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Additional Information
Market: LSE
Sector: Energy
EPIC: OPHR
Latest Price: 570.00p  (-2.15% Descending)
52-week High: 590.50p
52-week Low: 184.50p
Market Cap: 2,267.44M
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Ophir Energy
www.ophirenergy.com

Ophir Energy plc (Ophir) is the UK incorporated holding company of a group of companies (the Group) with oil and gas exploration assets in a number of African locations. The Group's headquarters are located in London (England), with operational offices in Perth (Australia), Malabo (Equatorial Guinea) and Dar es Salaam/Mtwara (Tanzania).

Full Ophir Energy profile here
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Ophir Energy completes Dominion Petroleum takeover

2nd Feb 2012, 10:18 am by Andre Lamberti Based on yesterday’s closing price of 295.1 pence per Ophir Share, the acquisition values Dominion at approximately £138.6 million or 7.2 pence per share

The friendly takeover of Dominion Petroleum (LON:DPL) by Ophir Energy (LON:OPHR) has now become effective after the Supreme Court of Bermuda sanctioned the transaction, Dominion said in a statement.

This follows the approval last month from the relevant competition authorities in Kenya.

The deal was first announced in October last year when Dominion recommended the all-share offer worth 5.9 pence per share which valued its shares and convertible loan notes at £118.2 million.

In the latest statement, Dominion said that, based on yesterday’s closing price of 295.1 pence per Ophir Share, the acquisition values Dominion at approximately £138.6 million or 7.2 pence per share.

Cancellation of Dominion’s shares on the Alternative Investment Market is taking effect tomorrow.

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