Ophir Energy PLC OPHR

Latest Morningstar Commentary
Date	Author		Headline

Latest Company News

Date	Time	Source	Headline	Type
Previous Stories...
20/05/2013	18:17	RNS	Ophir Energy Plc - External Appointment of Bill Schrader	MSC
16/05/2013	12:49	DJ	DJ Optos Sees Lower FY Revenue, Op Profit; Hikma Raises FY Rev Guidance	OUT
16/05/2013	09:30	DJ	DJ Optos Sees Lower FY Revenue, Op Profit; Hikma Raises FY Rev Guidance	OUT
16/05/2013	08:38	DJ	DJ Ophir Energy Sees Up to 5 Wells Being Drilled in 2H	OUT
16/05/2013	07:00	RNS	Ophir Energy Plc - Interim Management Statement	IMS
09/05/2013	16:00	DJ	DJ Barratt Sees 5% Growth in FY14 Sales; United Drugs to Change Name	OUT
09/05/2013	12:30	DJ	DJ SuperGroup to Make Senior Appointments; Roxi Petroleum Reports Well 806 Test	OUT
09/05/2013	09:30	DJ	DJ Roxi Petroleum Reports Well 806 Test; CML Microsystems Sees Better Earnings	OUT
09/05/2013	07:12	DJ	DJ Ophir Energy, BG Secure Rig Extension for East African Program	OUT
09/05/2013	07:00	RNS	Ophir Energy Plc - Deepsea Metro I contract extension	CNT
03/05/2013	17:15	RNS	Ophir Energy Plc - Notification of Major Interest in Shares	HOL
01/05/2013	09:11	DJ	DJ ANALYST RATINGS CHANGES AS OF 0700 GMT	OUT
01/05/2013	08:15	DJ	DJ ANALYST RATINGS CHANGES AS OF 0700 GMT	OUT
01/05/2013	07:22	DJ	DJ BG Group: Mzia-2 Well Result Shows Better Than Expected Properties	OUT
01/05/2013	07:00	RNS	Ophir Energy Plc - Mzia-2 Drill Stem Test	DRL
30/04/2013	07:00	RNS	Ophir Energy Plc - Annual Financial Report	ACS
26/04/2013	08:56	RNS	Ophir Energy Plc - Notification of Board Changes	BOA
25/04/2013	07:00	RNS	Ophir Energy Plc - TR-1: Notification of major interest in shares	HOL
16/04/2013	07:00	RNS	Ophir Energy Plc - Director/PDMR Shareholding	RDS
15/04/2013	10:32	RNS	Ophir Energy Plc - Director/PDMR Shareholding	RDS

Regulatory News Abstract
Date	Type	Story
16/05/2013	Trading Statement	Look forward to an exciting second half ce - "We are looking forward to an exciting second half of 2013"
09/05/2013	Business Event	Deepsea Metro I contract extension The company has secured a drilling rig and executed a letter of agreement for Rig Share Assignment with BG Group for the continuation of its 2013-2014 East African offshore drilling programme. Odjfell Drilling is the contract counterpart and a drilling service contractor. This contract was previously due to expire in June but has now been extended for a further period of at least 18 months
01/05/2013	Business Event	Mzia-2 Drill Stem Test The company announces that Mzia-2 appraisal well was drilled earlier in February 2013, confirming an estimated 62.0 metre of net gas pay in Cretaceous reservoirs, establishing pressure communication between the Mzia-2 and Mzia-1 gas columns, and determining a vertical gas column of at least 200 metre for the Mzia Field. On test, the Mzia-2 DST flow-rate was at the very upper limit of the expected range. Successful completion of the Mzia-2 appraisal programme has validated the resource potential of the field and confirmed that excellent development well productivity may be expected. The DST results suggest that the reservoir parameters that had previously been used to calculate recoverable volumes in the Cretaceous reservoirs were conservative. The company management now estimates that mean recoverable resources from the Mzia Field have increased 22.0% from 3.50 TCF to an estimated 4.50 TCF
30/04/2013	Business Event	Notice of AGM At the company's AGM to be held on 06 June 2013, special resolutions to dis-apply pre-emption rights, to buy back company's own shares and to call a General Meeting other than an AGM on not less than 14 clear days' notice, will be proposed
29/04/2013	Adviser Change	Change of Remuneration Consultant FTI Consulting Inc is no longer named as lead Remuneration Consultant to the company
29/04/2013	Trading Statement	Deliver value to shareholders ch & ceo - "...Ophir possesses the potential in 2013 to deliver value to shareholders on a scale commensurate with our exploration programmes of previous years"
26/04/2013	Non-Exec Director Change	Alan Booth appointed Alan Booth has been appointed to the board as non-executive director with immediate effect
26/04/2013	Director Change	Jonathan Taylor leaves board Jonathan Taylor, executive director, intends to retire from the board with effect from AGM 2013
26/04/2013	Director Change	Lisa Mitchell appointed Lisa Mitchell has been appointed to the board as executive director with immediate effect
10/04/2013	Business Event	Operational update The company announces the successful completion of the multi-well Jodari appraisal programme and Drill Stem Test, the company management now estimates the total 2C mean recoverable resource estimate for Tanzania Blocks 1-3-4 at 12.6 TCF. The deep sea metro 1 drillship is now preparing a Drill Stem Test for the Cretaceous Mzia discovery, with results due in late April. The company management estimates that a flow test rate of 10-20 mmscf/d would be commercial for development of this asset. The company estimates the Ngisi mean in-place resources at 1.3 TCF with a 70% chance-of-success. It has awarded a contract for the Stena DrillMAX, Dual Derrick Drillship to drill the Starfish Prospect
26/03/2013	Corporate Action	Results of rights issue The company announces that, under the terms of the 2 for 5 rights issue announced on 4 March 2013 as at 25 March 2013, it had received valid acceptances in respect of 166m Ords of 0.25p in the share capital of the company, representing approximately 98.5% of the total number of new Ords offered to qualifying shareholders pursuant to the Rights Issue. Admission is expected to occur and dealings in new Ords is expected to commence on the LSE main market from 26 March 2013. It is also expected that the new Ords in uncertificated form will be credited to CREST accounts on 26 March 2013, and that definitive share certificates in respect of new Ords in certificated form will be despatched by no later than 5 April 2013
26/03/2013	Corporate Action	Sale of Rights Issue rump The company had received valid acceptances in respect of 166m new Ords, representing 98.5% of the total number of new Ords offered to qualifying shareholders pursuant to the 2 for 5 Rights Issue announced by the company on 4 March 2013. The company confirms that, in accordance with the arrangements set out in Part XVII of the prospectus dated 5 March 2013, for the remaining 2.48m new Ords, for which valid acceptances were not received, at an average price of 465p per new Ords. The net proceeds from the sale of these new Ords, after deduction of the Rights Issue price of 275p per new Ords and the expenses of procuring purchasers
18/03/2013	Business Event	Jodari-1 DST results The company announces the successful completion of its Drill Stem Test on the Jodari-1 well in Block 1, Tanzania. This is the first deep-water, offshore production test in Tanzanian waters. The company holds 40.0% of blocks 1, 3 and 4; the BG Group operates with 60.0%. The Jodari-1 DST flowed at a maximum rate in excess of 70.0mmscf/d and demonstrated exceptionally high deliverability from the tertiary-aged reservoir. The company estimate that the result of this DST supports well designs with potential flow rates of up to 200 mmscf/d.
05/03/2013	Corporate Action	Results of placing The company has completed the placing. A total of 19.9m Placing Shares have been placed at a price of 460p per Placing Share. Based on the Placing Price, the gross proceeds of the Placing are approximately £91.3m. The Placing Shares will, when issued, be issued credited as fully paid and will rank pari passu in all respects with the existing Ords of the company. Applications have been made for the Placing Shares to be admitted to the Official List of the FSA, and to be admitted to trading by the LSE Plc on its main market for listed securities. Placing Admission is expected to take place, settlement to occur and dealing in the Placing Shares to commence on 8 March 2013. The Placing is conditional on Placing Admission and certain other conditions as referred to in the announcement of the Placing and Rights Issue
04/03/2013	Corporate Action	Placing of shares The company announces its intention to raise up to approximately £553m by way of a Placing and Rights Issue. Up to 19.9m Placing Shares will be issued through the Placing at 460p per Placing Share to raise approximately £91.3m. Up to 168m new Ords will be issued through the Rights Issue at 275p per new Ords to raise approximately £462m, which represent 2 New Ords for each 5 Existing Ords on the Record Date 8 March 2013. Application will be made to the UKLA and to the LSE for the Placing Shares to be admitted to the premium segment of the Official List of the UKLA and to trading on the main market for listed securities of the LSE. It is expected that Placing Admission will become effective on 8 March 2013.
19/02/2013	Director Change	Dennis McShane Changes roles Dennis McShane, non-executive director, has been appointed as executive director with immediate effect
19/02/2013	Non-Exec Director Change	Bill Schrader appointed Bill Schrader has been appointed to the board as non-executive director with immediate effect
07/02/2013	Business Event	Exploration update The company announces that the Mzia-2 appraisal well was drilled approximately 4.00 km to the southeast of the 2012 Mzia-1 discovery well in 1,622m of water. The Deep Sea Metro drillship is now on location at the Jodari field to test Oligocene-aged reservoirs, with the testing programme expected to be completed by the end of February 2013. Expected recommencement of exploration drilling is expected in April 2013 with a two well programme. In addition, the Joint Venture is undertaking a 2,500 sq km 3D seismic survey in the inboard area of Block 1 to investigate additional resource potential and mature further drilling targets
04/02/2013	Adviser Change	Appointment of Financial PR Adviser Brunswick Group LLP has been appointed as Financial PR Adviser to the company

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