Ophir Energy Share Discussion Threads

[pineapple1] 09/5/2017 13:26

Western banks are not interested as at current prices its marginal at best and at lower prices a liability .Its likely one of the reasons why the market has little interest in this company.Guess most of their net cash will dissapear over the next few yrs too at current burn rate.
If £1.09 miraculously appears i'll be able to escape at B/E as i see little value here unless they are lucky with the drill bit.
Other posters are of course wildly bullish. We'll see how it plays out.
imho

[ziblot] 06/5/2017 14:12

sawney' s post above: Came across this news. immaterial or not? a small company having its nose pushed out?

• Norwegian-listed independent oil and gas producer African Petroleum has said that it still holds 90 percent in a block offshore Senegal, for which France’s oil major Total SA signed an exploration and production sharing contract the day before. Earlier this week, Total said that it had signed a deal for the Rufisque Offshore Profond block, in which it will be the operator with a 90 percent interest, with state firm Société; Nationale des Pétroles du Sénégal (Petrosen) holding the remaining 10 percent. Now African Petroleum reiterates its position that it owns 90 percent of the Rufisque Offshore Profond (ROP) production sharing contract, potentially setting the stage for a hefty legal battle. The potential dispute over the offshore Senegal resources comes at a time when Australian exploration company FAR said in February that it had discovered more than 1.5 billion barrels of crude off the coast of Senegal.

[nigelpm] 02/5/2017 23:50

Pretty immaterial to OPHR that well. What isn't was the RNS - good news all ticking along - market suitably uninterested. All good.

[sawney] 02/5/2017 12:39

Apparently.....

[zcaprd7] 27/4/2017 17:23

Bit of a harsh fall?

[ziblot] 27/4/2017 14:14

MM's playing around?

[ziblot] 25/4/2017 18:46

Looks like its heading for a break out.

[goblin99] 20/4/2017 11:03

No, still here. Drill coming up, news on Fortuna project this year ref: finalisation. Production circa 2020, big mahongy coming in. Patience is the key; long term see this £3+

[spacedust] 20/4/2017 09:45

Has everyone else left?

[spacedust] 19/4/2017 13:31

120p by June. Has everyone else sold out???

[goblin99] 05/4/2017 14:38

See the next move up perhaps on spudding of the well/successful drill; ultimately big news will move this. Progress on fortuna and near/eventual monetisation of assets. On the sidelines here for a few years, bought in this week with long term hold, until production from Fortuna circa 2020

[gucci] 05/4/2017 14:27

looking good for move up back to over 95?

[ziblot] 15/3/2017 13:35

Well at least we have new drills on the horizon.

[zcaprd7] 14/3/2017 10:18

For all their talk of increasing NAV per share, they don't actually say what it is, or if it's grown?

[zcaprd7] 09/3/2017 10:12

Any views chaps? Cash could be an issue, need a closer look at outgoings, they seem to think they can make it through with what they have in the pipeline...

[togglebrush] 05/3/2017 11:44

Note
Thursday 9th MARCH is Full Year Results on Company Web site

[ziblot] 25/2/2017 17:02

I'm probably worse; was in at 6 quid and in my isa so just waiting because can't set off as tax loss. Never mind. When they get Tanzania finally signed should get a good rise.

[spacedust] 25/2/2017 12:40

Need 169p just to break even. Been holding for nearly 2yrs. I guess need another 2 yrs

[zcaprd7] 22/2/2017 20:41

Still here. But it is a bit painful...

[ziblot] 20/2/2017 18:35

Shell doing well with LNG; when will ophr or Tanzania be bought out?

[spacedust] 15/2/2017 19:27

Has eveyone left for the year

[togglebrush] 26/1/2017 10:13

Full Year Results 2016____________9 Mar 2017
Annual General Meeting 2017______17 May 2017
Half Year Results 2017___________14 Sep 2017

[jotoha2] 15/1/2017 10:19

Cash will not be an issue here , if they get stuck , selling the balance of Tanzania would bring in at least a billion $

[jotoha2] 14/1/2017 09:27

Correct , and this year that will return around $120 million free cash , all good stuff.