Ophir Energy Share Discussion Threads

[ohisay] 07/3/2018 18:15

A hold and not much more IMV - they seem to be getting themselves rather low on net cash which might have something to do with the appetite of banks to get involved .Just a perception on my part FWIW.

[nigelpm] 07/3/2018 16:59

Out of interest did anyone watch the Q&A?

That's always the most interesting bit.

[zcaprd7] 07/3/2018 16:59

Still, I'd like to know how much each one of my shares is worth?

[jotoha2] 07/3/2018 16:53

No wonder his eyebrows were twitching this morning , not a mention as to the issues in obtaining finance , very poor stuff indeed.

[nigelpm] 07/3/2018 12:30

Dunno - guess they see it as for internal value only particularly as it covers all employees?

[zcaprd7] 07/3/2018 12:20

Well, that was my point, why be so opaque over a KPI, that forms (or perhaps formed) a key plank of the strategy going forward?

[nigelpm] 07/3/2018 11:44

Gives Net Book Value. Is this the same as NAV?

No - not in this case. The NAV is referenced as above.

[badger60] 07/3/2018 10:56

"Ophir energy (very very) long term value creation plan"........ you're having a laugh...

[speedsgh] 07/3/2018 10:50

Gives Net Book Value. Is this the same as NAV?

Net book value

Balance at the beginning of the year - 2017: 699,000 (2016: 662,177)

Balance at the end of the year - 2017: 699,669 (2016: 699,000)

Total number of shares in issue as at 31.12.17 = 746,019,407

Net Book Value per share = 93.8p

[nigelpm] 07/3/2018 10:42

Don't think they publish it directly.

Last year's annual report gives a clue:



On 10 May 2016 the Board resolved to establish the Ophir Energy Long-Term value creation plan 2016, effective 1 January 2016 to all Ophir
employees participating in the plan. The plan only rewards if the Group delivers long-term growth in Net Asset Value (NAV) per share which is
measured based on well-defined NAV events. When an event does take place, 12.5% of the increase in NAV above the prior Benchmark NAV
will be used to create a reward pool. NAV events will generally be monetisation events such as farm-outs and asset sales, which have defined
values, and the risked value of development assets once a Final Investment Decision (FID) is taken or first production takes place to ensure
NAV events are tangible and demonstrably value creating. The impact of commodity prices is factored out of the scheme so that these
events are neutral to ensure that the reward pool is not artificially inflated or deflated by the commodity cycle. Similarly, cash distributions,
fundraising or capital changes are also factored out of the scheme. When a reward pool is created, it will be distributed with the following
features to apply to Executive Directors:

[zcaprd7] 07/3/2018 10:38

Can anyone see the NAV per share? Key metric for renumeration and their strategy?

[nigelpm] 07/3/2018 10:30

Also, if I'm honest I hadn't quite appreciated the scale of Mexico. Lots of potential upside here and nicely financed.

[nigelpm] 07/3/2018 10:12

Interesting note in the presentation:



slide 16:

Remaining discretionary funds allocated to highest returning
opportunities (E&A, P&D, share buy-back)

[nigelpm] 07/3/2018 09:15

Nothing new - steady as we go, awaiting Fortuna funding.

You either back management to deliver and hold or you don't and sell up.

Pretty clear on those results what the potential upside and risks are.

[jotoha2] 07/3/2018 08:14

Lots of achievements mentioned there Mr Cooper , but you forgot to mention the performance of the share price , which by any standard should reflect the state of the company , and it surely does Mr Cooper , you have failed to perform , and fallen short of your predictions , please resign asap.

[jotoha2] 05/3/2018 18:08

Agree , have decided to give Mr nice Cooper the opportunity to come good , so have taken a good wedge and some more tomorrow , come on ophr lets get to £1.20 pronto.

[zcaprd7] 05/3/2018 16:46

Well, a definite no would have to be announced...

[badger60] 05/3/2018 14:44

No news is good news..... isn't it? At least it saves Cooper from telling lies to shareholders......

[zcaprd7] 05/3/2018 09:26

Indeed, we're in March now, and deserve an update either way?

[jotoha2] 01/3/2018 09:20

Clearly Cooper went to the same school as the BOD of Koovs , lots of nonsense about funding just around the corner , Koovs managed to spin it out for 12 months plus , come on Ophr get in some astute Board members .

[jotoha2] 27/2/2018 19:53

Looks like a few were sucked in and then they drop the price .

[nigelpm] 27/2/2018 15:59

And still ranting..... that's enough from me now.

[jotoha2] 27/2/2018 15:56

If it's bottoming , then surely time for you Nige to get your purse out for yet another top up , you know it makes sense .

[jotoha2] 27/2/2018 15:52

Pumpers are going to get a nasty shock when Cooper confirms he has failed again to get the deal done!

[nigelpm] 27/2/2018 15:43

Ranters/shorters still going - share price looks to be bottoming.

Shorters going to get a nasty shock if financing is agreed and some progress is made on other acreage.