Ophir Energy Share Discussion Threads

[spacedust] 24/12/2015 09:25

In comparison to the first twenty mins of trading all other shares had hundreds of trades. Ophir had zero

[nigelpm] 24/12/2015 08:30

It's the 24th December! Hardly anyone is in.

[spacedust] 24/12/2015 08:16

No trades. Has this been suspended

[badday] 22/12/2015 16:44

They're delivering on the comments made with half year results.





We continue to believe that the limited competition for exploration acreage presents a compelling opportunity. The risk profile of the geology has not changed but the cost of assessing the sub-surface risk has fallen dramatically. It is well documented that rates for both seismic vessels and drilling rigs have fallen, but perhaps the most important change is that licences for prime acreage can now be acquired without having to undertake firm drilling commitments. We believe this is a fundamental change that will lead to improved returns from exploration drilling as our geoscientists will be able to high-grade across our portfolio, without the encumbrance of drilling commitments on specific licences. As a well-capitalised company, the discipline to allocate capital to drilling only those exploration prospects that offer the best potential returns, even in difficult times for the sector, will be the hallmark of Ophir in the future.

Ophir has been actively reloading its exploration portfolio over the past twelve months and has continued this during the first half of the year with the completion of the acquisition of four deepwater exploration PSCs in Eastern Indonesia. Our team is analysing potential additional exploration acreage that fits Ophir's criteria of minimal well commitments, together with the potential to deliver good returns on the invested capital in a low oil price environment.

[jotoha2] 22/12/2015 13:04

Follow Standard , this is the best recovery play in the O&G sector !!

[spacedust] 22/12/2015 12:54

They make a saving of 200m and the price tanked. Now they are spending donkeys and the price goes up. Makes perfect sense.

It's better to run backwards when going forward.... That's the mentality of the market - make no sense

[nigelpm] 22/12/2015 09:38

odd they haven't RNS'ed yet but I guess skeleton xmas staff - might delay until tomorrow

[sporazene2] 22/12/2015 09:36

confirmation from africa pet
hxxp://www.africanpetroleum.com.au/media-centre/press-releases

[badday] 21/12/2015 09:55

hxxp://www.africanpetroleum.com.au/our-projects/c%C3%B4te-divoire

[wbodger] 17/12/2015 19:15

M&P passed their takeover of MPI today, but had to sweeten the deal. 4 M&P given for 6 MPI, compared to 4 for 7 proposed. That should raise their Market Cap to 524 million euros, about £380 million. (my calcs, DYOR)

OPHR market cap has dropped back to £593 million.

[saget] 16/12/2015 22:18

Sorry DGO as in Dragon Oil - shareholders had a forced buyout at £8.00

[spacedust] 16/12/2015 19:45

Doo as in D1 oil??

[saget] 15/12/2015 22:27

Volsung from DGO - how are you doing! Good I hope.
I see you've ploughed some of your booty into Ophir?
Anything else that you've dipped into since the DGO payout?

[ed 123] 15/12/2015 18:03

"Small rats are moving swiftly over the plains."

Volsung, you are Eric Cantona! I claim the £20 prize.

[volsung] 15/12/2015 17:44

Small rats are moving swiftly over the plains. Their leader is a white rat of the Nicolian Class. They are being pursued by dogs. That is all I can say at the moment. Code Yellow

[wilk1] 15/12/2015 17:34

Apologies, a confusing one !!

[plutonian1] 15/12/2015 13:50

no, it is an increase, but it looks like they have also leant out 4 million shares. So not all good news.

[wilk1] 15/12/2015 12:42

Lol, keep pumping, it's a decrease.

[spacedust] 15/12/2015 12:35

Increase in holdings

[spacedust] 14/12/2015 17:06

None of you are right. It's purely down to sentiment. Oil and gas shares are out of favour so no matter what happens all shares will decline. When sentiment returns companies digging fir oil and find dog poo and share price will rise for no reason due to positive sentiment. Then end

[dangersimpson2] 14/12/2015 15:08

The offtake agreements reference the oil or gas price when delivered not when signed so when the low of the cycle doesn't matter. If it goes ahead at the low point in the cycle that is actually very bullish for OPHR since it means the numbers stack up even at the current pricing. They may forward sell but again that will be based on the forward pricing not current so signing at a low for spot is irrelavent.

The market clearly perceives more risk of the project going ahead than OPHR management do hence discounting the asset in current price. I guess we'll see who is right in due course.

[ed 123] 14/12/2015 14:32

Emotive post, NAV Mike.

Ophir management looking towards FID and signing off-take contracts in mid-2016, the time when some think oil prices will bottom - ie. possibly, exactly the wrong point in the cycle.

By nature, managements are bullish and markets are sanguine.

What will be the average price paid for Fortuna gas? Nobody knows. What will be the capital cost of Fortuna. Nobody knows. How long will it take to get Fortuna on stream? Nobody knows. How will Ophir fund the capital spend? Nobody knows. Of course management have released outline plans and estimates, to keep shareholders and others interested. My view is that, with Brent crude at $37/bbl, there remains huge uncertainty over Fortuna.

I haven't shorted Ophir. I have cash available to invest. Will it go into Ophir? No.

I wish you well with your investment here, but I can understand many investors perceiving the risk to be too high, and steering clear.