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OPHR Ophir Energy Plc

57.50
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Ophir Energy Investors - OPHR

Ophir Energy Investors - OPHR

Share Name Share Symbol Market Stock Type
Ophir Energy Plc OPHR London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 57.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
57.50 57.50
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Posted at 22/3/2019 10:50 by ashkv
www.thecitizen.co.tz/magazine/Government-prepares-new-terms-for-talks-on-LNG-project/1840564-5014308-9b5v2nz/index.html

From the Asia movie, to the non-existent "CEO Search" - this reeks of a low ball derisory sale to Medco by Ophir's discredited, misleading, useless, incompetent board / management / CEO Alan Booth / Chairman Bill Schrader.

And today morning I happened on the below headline for Ophir when I did a search on a Bloomberg terminal!!! Story is yet to follow the headline - will furnish when / if I can find it.

How could management not disclose the Mexico well spud & find - SHOCKING EXAMPLE OF DECEIT IF ANOTHER WAS NEEDED BY THIS CRIMINAL & CORRUPT MANAGEMENT!!! Schrader & his ex-colleague / friend Lorati (CEO of Medco) have screwed us hard working British PIs to benefit Indonesian Oligarchs!!! CRIMINAL!!!

*TANZANIA TO START TALKS FOR $30 BILLION LNG PROJECT IN APRIL - BLOOMBERG TERMINAL NEWS REPORTS FOR OPHIR

Remember we sold an equal stake to what we presently own in Tanzania Gas field for $1.3 billion in 2013/2014 - very quickly it looks like Medco could be back on this GRAVY TRAIN!!!! BUMPER PAYOUT!!!

CRIMINALS!!!! OPHIR MANAGEMENT HAVE BEEN PUSHING FOR MEDCO SALE FROM THE ONSET - REALLY STINKS

TOTALLY MISLED INVESTORS & BOOTH AS BOARD MEMBER PLUS INTERIM CEO COMPLICIT IN THIS DECEIT. POST HIS BEING INTERIM CEO HIS AFRICA HEAD ASSURED INVESTORS / PUT OUT PUBLICLY IN PRESS THAT HIGH CHANCE OF GETTING A DEAL ON FORTUNA!!!

WHAT A LEMON THIS INVESTMENT HAS BEEN - THESE PEOPLE HAVE NO HONOR, DECENCY, SPINE & ETHICS. SHOULD BE LOCKED UP!!!!
Posted at 22/3/2019 06:33 by ashkv
hxxps://www.thecitizen.co.tz/magazine/Government-prepares-new-terms-for-talks-on-LNG-project/1840564-5014308-9b5v2nz/index.html

From the Asia movie, to the non-existent "CEO Search" - this reeks of a low ball derisory sale to Medco by Ophir's discredited, misleading, useless, incompetent board / management / CEO Alan Booth / Chairman Bill Schrader.

And today morning I happened on the below headline for Ophir when I did a search on a Bloomberg terminal!!! Story is yet to follow the headline - will furnish when / if I can find it.

How could management not disclose the Mexico well spud & find - SHOCKING EXAMPLE OF DECEIT IF ANOTHER WAS NEEDED BY THIS CRIMINAL & CORRUPT MANAGEMENT!!! Schrader & his ex-colleague / friend Lorati (CEO of Medco) have screwed us hard working British PIs to benefit Indonesian Oligarchs!!! CRIMINAL!!!

*TANZANIA TO START TALKS FOR $30 BILLION LNG PROJECT IN APRIL - BLOOMBERG TERMINAL NEWS REPORTS FOR OPHIR

Remember we sold an equal stake to what we presently own in Tanzania Gas field for $1.3 billion in 2013/2014 - very quickly it looks like Medco could be back on this GRAVY TRAIN!!!! BUMPER PAYOUT!!!

CRIMINALS!!!! OPHIR MANAGEMENT HAVE BEEN PUSHING FOR MEDCO SALE FROM THE ONSET - REALLY STINKS

TOTALLY MISLED INVESTORS & BOOTH AS BOARD MEMBER PLUS INTERIM CEO COMPLICIT IN THIS DECEIT. POST HIS BEING INTERIM CEO HIS AFRICA HEAD ASSURED INVESTORS / PUT OUT PUBLICLY IN PRESS THAT HIGH CHANCE OF GETTING A DEAL ON FORTUNA!!!

WHAT A LEMON THIS INVESTMENT HAS BEEN - THESE PEOPLE HAVE NO HONOR, DECENCY, SPINE & ETHICS. SHOULD BE LOCKED UP!!!!
Posted at 19/3/2019 09:45 by cb7
If big investors are continuing to buy at pace, I think small private investors are wrong to sell, unless they really need the money. Common sense must tell you that major investors wouldnt be buying unless they knew of, or were pretty confident that there was money to be made.... ie plan B
Posted at 12/3/2019 10:24 by ashkv
The more I think about it the more steamed i get - AS INVESTORS I DESERVE TO KNOW ABOUT MEXICO DRILL, RESULTS & POTENTIAL

LOOK AT THE SHARE PRICE OF ECO ATLANTIC - around 15% of a good prospect license in Guyana prior toany oil find and currently GBP155mn market cap

Why didn't we get updates/RNS on the Mexican well spud, find, analysis & follow-on time line!!! Shameful conduct from the blathering, blustering & bullying muppets who have managed to destroy billions in share holder value with no remorse!!!

AS AN INVESTOR THE MEXICO WELL IS HIGHLY HIGHLY MATERIAL TO MY SELLING OUT TO MEDCO ON THE CHEAP - DO YOU THINK THIS MIGHT HAVE BEEN HIDDEN AS BOOTH & SCHRADER WISHED TO PUSH FORWARD ON THE SLY WITH THEIR ABSURDLY LOW TAKE OVER HEIST WITH MEDCO - BRAVO BRAVO SANDGROVE, KITE LAKE, PETRUS et al FOR SHIELDING INVESTORS & PREVENTING A MOCKERY OF A TRANSACTION!!!
Posted at 21/2/2019 07:01 by rogen83
One of Ophir Energy Plc’s earliest investors and an influential London banker, Ian Hannam, is adding to pressure the exploration company is facing over a takeover plan.
Hannam wrote to the company’s Interim Chief Executive Officer Alan Booth and the board saying they agreed to sell Ophir to Jakarta-based Medco Energi Internasional Tbk for too low a price, and they should reconsider recommending the deal.

“Ophir shareholders also believe in a higher value and would welcome the opportunity to roll over their investment with a credible and experienced board and management team,” Hannam wrote in a letter, dated Feb. 18, seen by Bloomberg.

The letter comes as an activist shareholder, Petrus Advisers Ltd., and others, have criticized Ophir’s decision to accept a 55 pence a share offer from Medco. The takeover will be put to a vote at a date that hasn’t yet been set, and must be passed by a majority of 75 percent of investors for the deal to go through.

Ophir declined to comment.

The entrance of Hannam into the fray may bolster efforts from those seeking to squeeze more out of a sale. A well-known London banker, once called “The King of Mining,” Hannam said in the letter he had advised Ophir from its inception until 2015 and considers its CEO “a personal friend and I respect him.”

Hannam argued that Ophir hasn’t done enough to engage with governments and owners, pointing to problems in Equatorial Guinea. In the beginning of January, the government of West African nation decided not to extend the license that holds the company’s Fortuna gas discovery, ending plans for its flagship liquefied natural gas project.

Hannam said the views expressed to the board represent his personal opinions and that he hasn’t spoken to other shareholders. He suggested other exploration companies in London should be invited to bid for Ophir.
Posted at 29/1/2019 11:04 by romeike
I think the best outcome is if Medco just kindly does one and let's Booth focus on improving the business as proposed by the activist investors. I think this offers a better return for investors. Medco's approach so far has been nothing short of slimy opportunism.
Posted at 28/1/2019 18:41 by arteespresso
Unless you know something other private investors are not privy to, who knows whether 55p will succeed. What seems apparent is that the board will recommend 55p if it's forthcoming, the rest is down to the main investors, of which no doubt, Ophir will know who will play ball and who will not. Let us see, as it may not be as clear cut as most are assuming.
Posted at 28/1/2019 10:59 by ashkv
Medco up nearly 10% TODAY --> NOTHING COULD BE MORE OF A SIGNAL & CLARIFICATION THAT OPHIR MANAGEMENT HAVE FAILED OPHIR SHAREHOLDERS / BRITISH INVESTORS IN BEING STEWARDS OF CAPITAL.

MEDCO SHAREHOLDERS HAVE BEEN REWARDED BY THEIR ASTUTE & CUNNING MANAGEMENT WHILE OUR MUPPET SHADY (LIKELY INSIDER DEALING) MANAGEMENT HAS CLEARLY FAILED OPHIR INVESTORS..... SAD & PATHETIC
Posted at 23/1/2019 06:00 by ashkv
Hotchkiss & Wiley - Value Investors, Azvalor, Petrus Advisors etc are serious investors who have rapidly added to their positions. ...

Ed's "fair value" is a just a number from nowhere....

Ophir are seriously undervalued - Morgan Stanley the most well regarded institution that provides sell side research valued them at 90p prior to withdrawing target due to work on Medco deal.... I would rather go with their analysis - MS are closest to company & the most reputable firm covering Ophir rather than some arbitrary 55p figure from some board commentator....

I bought in the 70s and averaged down in the low 40s....

There was no bid and the market took the price up to 50p on the news of Medco and is in the 45p-50p range even though only a few days left for Medco to make a bid while Brent has been trending closer to bottom of recent trading range.

Market has somewhat woken up to value in the E&Ps... there should be no rush to sell.

Ophir post Schlumberger departing from Fortuna & CEO Nick Cooper being forced to resign - was close to 60p and in Q4 trading near current levels the mid 40s with Brent rebound.

Oil/Brent subsequently crashed to 1.5 year lows in thin trading volume / similarly E&Ps suffered & this crash took Ophir down with it and is allowing Medco to lowball us.

Ophir has since also announced that average 2019 production was close to 30k bpd not 25k bpd, moreover target is a min at 25k bpd for 2019 - per Petrus doc/analysis more like 28k bpd if not higher.

Also Ophir have recently had a new significant gas discovery in their Santos acreage announced in Early December.

Brent will likely test $80 a barrel again soon - should a deal happen between China & US

Some institutions along with some PIs have averaged down when Ophir crashed, also some were waiting for management to deliver prior to buying the Ophir story again (despite clear value) as prior management was inept, led investors down the garden path repeatedly & new management thus had/has to build credibility (once bitten twice shy).

Alan despite being a board member during the fiasco of Nick Coooper seems to be doing a decent job - lets see if he gets value for Ophir or sells us down the river......as then no better than the muppet Cooper....
Posted at 03/1/2019 17:59 by ashkv
Hopefully British investors / pension funds don't get stiffed after having paid top $$$ proving up Ophir assets in Africa & funding Asian producing assets - only to sell them to foreign Indonesian investors for a song and have foreign investors laugh all the way to the bank at our expense.

BRITISH PRIDE - WE USED TO RULE ThE WORLD.....

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