Ophir Energy Share Discussion Threads

[pineapple1] 11/7/2017 10:50

The scanner i use which bases wether a company is under or overvalued based on future discounted free cash flow now values OPHR at ............10p
Now that of course is rather extreme as other factors need to be considered but it certainly goes some way to suggest that this is hugely over valued at this m/cap.
I,ve said 50p for some time . I expect it to get there.
The Fortuna LNG prject should be shelved . It will never make any money whilst prices are at these levels and a bit higher. A total white elephant but i expect the BOD will do as most others do by refusing to accept that they have wasted millions and charge right off the cliff.....
I doubt i will ever get back to B/E on this . Bottom draw or sell at a loss is the question. No way will i average down on this donkey...
imho

[zcaprd7] 11/7/2017 09:45

It's not looking great at the moment, big drop over the last couple of days...

[richardbroughton] 11/7/2017 09:10

Looks like tomorrows trading update may not be what we were hoping for!

[jotoha2] 11/7/2017 09:09

With LNG prices down and out , the decision to go ahead here will put pressure on the share price big time , expect to see sub 50p quite easily.

[technowiz] 10/7/2017 22:16

seen this kind of price movement on Ophir before. share price gets hammered with AT trades only to recover next day..i read elsewhere the Fortuna update is overdue. when is next update?

i bought back in today at wee bit above 75p as that was my target entry 😊. last time i held was November last year. i bought at 68.5p and sold next day at 75.4p 🙌 i got lucky as an RNS landed.

[nigelpm] 10/7/2017 19:54

Let's hope we don't find out in the morning!

Delayed reaction to the Tanzania chatter - backed up by CAPD's statement this morning?

LNG still tanking

General selling

Or something else?

No idea to be fair.

[zcaprd7] 10/7/2017 19:34

Pretty sharp drop today, what was that all about?

[ed 123] 10/7/2017 18:14

Does anyone here know how much per share could have been returned to shareholders if they had sold out of their gas discoveries promptly?

I'm thinking £5.70-ish?

If everything goes to plan, what would be the present value per share from all Ophir's assets, produced to depletion, minus deommissioning cost? Any estimates?

How well did Nick Cooper do as Chief Financial Officer at Salamander Energy?

[jotoha2] 10/7/2017 17:49

Must say , starting to loose faith with this bunch , having had £1.3billion in cash to invest , they are now scratching around increasing their debt pile , not good ! Maybe some new blood at the top required here , wonder what the market will make once they confirm FID.

[pineapple1] 10/7/2017 17:04

Well they should also cut all director salaries by 50% min. The BOD are paid far to much considering the size and revenue and achievements of this outfit. Fat cats extrodinaire.
Part of the 90% losers club having fallen from about £6.
imho

[nigelpm] 05/7/2017 18:57

That's how a PSA works!

[spacedust] 01/7/2017 22:13

How much ophr pay?

[zcaprd7] 01/7/2017 15:09

That's a lot of dosh paid to governments!

[zcaprd7] 29/6/2017 19:06

Big old volume today?

[zcaprd7] 22/6/2017 08:13

New debt financing is pleasing, bear oil market not so great...

[zcaprd7] 17/6/2017 18:04

Oil price not been great recently...

[volsung] 09/6/2017 23:02

Look don't put money in oil stocks. You will lose everything.

[spacedust] 09/6/2017 22:18

Why the last minute spike?

[dice1950] 05/6/2017 21:30

Irish junior Clontarf Energy landed Block EG-18.
Ophir, Atlas Petroleum win EG acreage
Four other companies handed Equatorial Guinea blocks, after ExxonMobil signs new PSC
UK player Ophir Energy headed the list of acreage winners in Equatorial Guinea’s latest licensing round that was dominated by smaller players.

The London-based company won Block EG-24 in the West African nation’s Ronda 2016 round, with all winners revealed by Equatorial Guinea’s Minister of Mines and Hydrocarbons Gabriel Mbaga Obiang Lima on Monday.

Nigerian pair Taleveras and Atlas Petroleum picked up blocks EG-07 and EG-10, respectively, while Irish junior Clontarf Energy landed Block EG-18.

London-based Israeli player

[nigelpm] 31/5/2017 19:06

hxxp://www.golarlng.com/investors/press-releases/pr-story.aspx?ResultPageURL=hxxp://cws.huginonline.com/G/133076/PR/201705/2109454.xml

Upstream - OneLNG
On May 2, Ophir Energy, OneLNG, GEPetrol and The Republic of Equatorial Guinea signed a detailed Umbrella Agreement that defines the full legal and fiscal framework for the 2.6Tcf Fortuna gas reserves, offshore Equatorial Guinea. Concluding this multi-year exercise represents a critical step toward FID. Contingent upon the Umbrella Agreement are two other key milestones, including draw-down against a financing facility and sale of LNG offtake. A third identified milestone, namely the award of upstream EPCIC and midstream EPC contracts, has since been part satisfied following Golar's execution of an amended EPC contract for the conversion of the LNG vessel Gandria. The effectiveness of the EPC contract executed by Golar does however remain subject to a FID.
Including upstream and midstream development capital expenditure, the Fortuna project is expected to cost approximately $2.0 billion to develop. Of this, approximately $1.5 billion will be needed to convert the FLNG Gandria and $0.5 billion will cover upstream work. Documentation for a midstream facility of up to $1.2 billion with a consortium of Chinese lenders is ongoing and now remains the time-critical input for FID. Should the Equatorial Guinea government elect to invest in up to 30% of the mid-stream as they are entitled to, the ownership structure of the Fortuna joint venture would remain unchanged, however its stake in the FLNG Gandria would reduce.
OneLNG continues to make good progress exploring other projects. On May 29 it entered into a binding Memorandum of Understanding with the Ministry of Mines and Hydrocarbons of Equatorial Guinea to explore the liquefaction and commercialisation of natural gas. Efforts will be focused on Blocks O and I offshore Malabo. Agreement terms place obligations on both parties to find a technical and commercial solution to monetise gas that is either stranded or being re-injected in liquids production. That commercial solution is to include the provision of an FLNG vessel, associated infrastructure and the creation of an LNG sales vehicle. The parties seek to reach definitive agreements to proceed by December 2017 but no later than December 2018. In addition to this, OneLNG is also working on 3-4 additional projects, each involving one or more FLNG unit.
Following last year's successful barge-based commissioning of identical liquefaction technology to that used on Hilli Episeyo, Petronas have recently exported the world's first LNG cargo from an FLNG unit offshore Malaysia. Whilst proof of quite different concepts, both examples help build support for FLNG amongst an inherently conservative audience.

[nigelpm] 31/5/2017 19:00

LNG price tanking, Golar Results.

[zcaprd7] 31/5/2017 17:43

Something happened? Lot of volume?