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LON:OPHR

Ophir Energy Plc

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Viewing results 1-25 of 219

Energy

Jefferies thinks Ophir Energy shares are worth more than Medco’s 57.5p offer

The US investment bank says the stock is worth 60p, with its value having been boosted by its recent full-year results and progress in Mexico...

on 22/3/19
Energy

Ophir Energy and Coro shares rise but Medco’s takeover intact with improved offer

The Coro approach was described by Ophir as “unsolicited and highly preliminary”, meanwhile, Medco upped the ante to 57.5p, from 55p...

on 21/3/19
Energy

Ophir Energy management reaffirms backing of Medco takeover as it releases financial results

The recommended £390mln takeover offer is due to conclude later this month...

on 12/3/19
Energy

Indonesian oil giant Medco Energi agrees to buy London-listed oiler Ophir for £390mln

Following weeks of speculation, Medco has agreed to pay 55p for each Ophir share, an offer that has been recommended by the London-listed firm’s board...

on 30/1/19
Energy

Ophir Energy says its positioned for significant cash flow

In light of the rejected US$362mln takeover offer, perhaps today’s key nugget of information is that Ophir had US$323mln of cash and it expects to generate more in 2019...

on 15/1/19
Energy

Ophir rejects £360mln takeover offer from Indonesian oil giant

Medco Energi wants Ophir for its assets in Vietnam, Indonesia and Malaysia as part of its plans to create a Southeast Asian oil powerhouse...

on 14/1/19
Energy

Ophir Energy dealt US$300mln blow as Fortuna licence isn't extended

"It is disappointing that the ministry has decided not to extend the licence, despite the amount of effort and cost dedicated to the delivery of the project and especially as we were still talking to highly credible potential co-investors"...

on 7/1/19
Energy

Ophir Energy soars on news of talks over cash takeover offer from Indonesia's Medco Energi

Ophir – which had a market cap of £252mln at the close on December 31 - said that it and Medco were currently in discussions about an offer, but added that there could be "no certainty" that a firm bid will be made...

on 2/1/19
Energy

Ophir Energy to “significantly downsize” presence in London

The company said it is likely the new chief executive will be based in Asia, where it is due to establish a new headquarter...

on 13/9/18
Energy

Ophir Energy focuses on “marginally ahead” production in wake of CEO departure

Nick Cooper left his position as chief executive in May as Ophir looked to “rebalance its portfolio towards larger production and cash flow base”...

on 12/7/18
Energy

Ophir Energy shares drop as CEO steps down

“Today, we have a production-focused business model, exemplified by the proposed Santos transaction. This positions the company well for the future and provides a great platform to Nick's successor" ...

on 18/5/18
Energy

Ophir Energy teams up with Kosmos Energy for Equatorial Guinea exploration

"Kosmos is a logical partner for us in EG-24 as its team have considerable prior experience of the Rio Muni Basin.”...

on 14/5/18
Energy

Premier Oil and Ophir Energy upgraded by Barclays, while Faroe Petroleum is cut

Barclays Capital sees further upside for oil and gas firms so long as crude continues at US$65 to US$70 per barrel ...

on 11/4/18
Energy

Ophir Energy lands new exploration acreage offshore Mexico

“These two awards add high impact exploration in a world class hydrocarbon system to Ophir's exploration portfolio."...

on 2/2/18
Energy

Ophir Energy shares hit as Barclays drops bullish stance

Downgrading to ‘equal weight’, in a note, Barclays analyst James Hosie explained that Ophir’s valuation is deeply discounted and the investment case must be based around that valuation...

on 25/1/18
Energy

Ophir shares rise on Credit Suisse downgrade, but project funding risks remain

Credit Suisse has upgraded Ophir Energy to ‘outperform’ even though it is at the same time dropping the target price due to a delayed start-up for the Fortuna LNG project offshore Equatorial Guinea. On this note, analyst Ilkin Karimli said, “Project financing is the last remaining hurdle before an FID can be taken on Fortuna,” ...

on 24/11/17
Energy

Genel Energy higher as it welcomes new COO; Deutsche Bank upgrades

Former Ophir Energy PLC boss Dr William Higgs will take up the role of Genel's chief operating officer on November 6. Paul Schofield steps down from that role as of October 16...

on 13/10/17
Energy

Ophir Energy shares are worth buying again - broker

Macquarie analyst Kate Sloan has upgraded the Asia and East Africa focussed firm to ‘outperform’ with an 85p price target suggesting some 19% upside....

on 17/7/17
Energy

Ophir Energy lands new reserves based lending facility

Ophir says it has the capital continue investment to maximise cash generation of its production and development portfolio....

on 21/6/17
Energy

Ophir Energy fails to find significant volumes of oil in Ayame-1X exploration well

The Ayame-1X exploration well will be plugged and abandoned as a dry hole....

on 15/5/17
Energy

Ophir Energy aiming for ‘material milestones’ in 2017

Having started-up the Kerendan gas field in 2016, this year the company is advancing to ‘green light’ the Fortuna floating LNG project....

on 9/3/17
Energy

Ophir Energy upgraded by Macquarie as Fortuna advances

Macquarie has now upgraded its rating of Ophir to ‘outperform’ from ‘neutral’, as the Fortuna project advances towards an anticipated final investment decision in the first half of 2017....

on 28/11/16
Energy

Just what is Barclays' top pick in the oil sector?

The shares would have to advance 58% to hit the broker’s price target of 125p....

on 11/11/16
Health

Hikma Pharmaceuticals hits Footsie as oil and mining dip

Drug company enters the blue-chip ranks as satellite group drops out...

on 2/6/16
Energy

Potential investor pulls out of Ophir Energy gas project

Oil & gas group says it was unable to agree a deal with Schlumberger...

on 29/4/16