Ophir Energy Share Discussion Threads

[bouka1] 21/3/2016 15:50

JUST CROSSING 200 MA UP WARD

[bouka1] 21/3/2016 15:50

JUST CROSSING 200 MA UP WARD

[bouka1] 21/3/2016 15:49

BOOM BOOM--- BE QUICK TO GET IN

[bouka1] 21/3/2016 15:48

JUMP IN QUICK----------------------

[jotoha2] 17/3/2016 17:27

Big boys are supporting this , but the share price is being walked down for another lower low , amazing , and dodgy manipulation by the spiv society.

[spacedust] 17/3/2016 14:45

Never understand these holding rns's.... Crazy

[dukedosh] 15/3/2016 10:05

Ophir to overhaul production system at Bualuang oil field offshore Thailand

LONDON – Ophir Energy says it plans to focus on maximizing the remaining reserves in the Bualuang oil field in the Gulf of Thailand.
Ahead of a next phase of development, the company completed an ocean bottom node 3D seismic survey last year, giving it modern 3D seismic data coverage over the field.
It is integrating the data into its models in its designs for its optimal asset development plan.
This year, the company should also finish its de-bottlenecking project on Bualuang, designed to deliver higher rates of water treatment and disposal and thereby accelerating oil production and recovery. The first phase of this project was completed during the current quarter.
Last year’s exploratory drilling campaign in the offshore G4/50 license did not yield any discoveries, although the Parichat South West recovered sub-commercial oil.
Ophir’s post-well analysis is determining whether a breached seal or a limited charge was the reason. If it appears that the seal was responsible, the company may drill another wildcat on the basin, probably on the Sala North prospect during the second half of this year.
To the north, Ophir completed acquisition last year of more than 10,000 sq km (3,861 sq mi) of 3D seismic over its acreage in the deepwater Rakhine basin off Myanmar, and expects to conclude processing this spring.
Interpretation is under way of the fasttrack data and the company hopes to mature a prospect inventory later this year ahead of a potential well in 2017.
In addition, Ophir is analyzing the frontier play fairways of the Kutai basin and West Papua offshore Indonesia. Recently the company added block 2A in the Sarawak basin offshore Malaysia to its Southeast Asia portfolio: it sees potential for pushing an extension of an existing play into deeper water.
Having completed the acquisition of five licenses from Niko Resources, Ophir believes its West Papua and Aru concessions could hold liquids-prone prospects that potentially contain several hundred million barrels.
It plans to acquire new 3D seismic this year over key leads and prospects, and following processing and interpretation will decide whether to drill, most likely during 2017.
03/14/2016

[kemche] 10/3/2016 09:06

A frank and refreshing warts'n'all assessment of the state of play of the industry. No gung-ho we are going to take over the world nonsense. Measured and fair outlook. Strongest balance sheet of any of the equivalent comparators. All IMHO.

[dukedosh] 10/3/2016 08:19

Final results revealed no nasty surprises, expected but refreshing in this market nonetheless. Good competent management here. Very good review about the sector in the news release that is well worth the read.

[jotoha2] 07/3/2016 16:49

Five lower lows since october , if it breaks 100/110 then we are of to the races.

[jotoha2] 07/3/2016 16:47

Quiet right , PMO has nearly increased by 200% since hitting low of 19p , which has been rather pleasant , clearly this is being held back , but why ?

[wilksey1] 07/3/2016 16:27

thought this would be flying by now with the oil price rising

[dukedosh] 04/3/2016 18:25

This brief note from RBC earlier today:

Ophir Energy (OPHR.L): Ophir Energy – 10th March

Ophir is scheduled to present its results on Thursday; and we expect few surprises given the company has pre-announced many of its headline numbers. Production in 2015 was 13,000boe/d on a pro-forma basis, which we estimate works out at ~10,300boe/d net; exceeding guidance with both the Bualuang and Sinphuhorm fields producing ahead of budget. We are forecasting revenue of $161m for the year and operating cash flow of $10m. Capital expenditure in 2015 was ~$250m on a full year pro-forma basis; we are forecasting ~$210m net. Ophir ended the year with cash of ~$620m and a net cash position of ~$360m. Management’s 09.00 presentation could include an update on the Fortuna field FEED study which is scheduled to be completed in Q1/16. The presentation will be webcast live on Ophir’s website.

[nigelpm] 03/3/2016 18:02

exactly. plenty of folk in desperate trouble. Has absolutely no bearing on OPHR as an investment - just day:day noise.

[jotoha2] 03/3/2016 17:28

Must be a cash call , certainly selling at all time low is not to clever for an wealth management company.

[pineapple1] 03/3/2016 14:08

Mittal Investments dumped 25m .

[togglebrush] 02/3/2016 07:05

Maximum Trading Volume recorded YESTERDAY by ADVFN
‘
STATS from 31 December 2013
‘
Maximum______20,518,323 ___ 1st March 2016
1 in 100______7,357,849 ___ A one in hundred day
Q3____________2,609,664
Median________1,771,262 ___ Middle of sorted sample
Q3____________1,101,552
Minimum_________183,443
'
Shares Issued 705.79m

[jotoha2] 26/2/2016 17:27

Perfect fit for Chevron , right time to take them out before oil and gas price recovers later in year.

[pineapple1] 25/2/2016 15:38

Nat gas just dropped hard.

I remember a broker target here of about 55p. Seems entirely possible as this still has a m/cap of over £500m. Must be large impairment charges coming down the track when it reports. It s looking very weak compared even to some of the most indebted.
Thank the lord i sold this turkey at £1.68 many moons ago (held from SMDR buyout). Unfortunately i bought em back far far to early at £1.08.......lol
imho

[carbon man] 24/2/2016 23:20

Feel like dipping my toes in this one.

[ed 123] 24/2/2016 10:16

Turning point? I'll creep back under my stone.

[ed 123] 23/2/2016 14:43

Agree. I too sense a turning point may have past.

I've flipped. Bought some today.

[master rsi] 23/2/2016 11:28

Share price at best of the day now 79p +1.55p

Oil prices lost some good ground earlier are almost back to yesterday's close after a sharp spike UP

intraday Brent oil