Ophir Energy Share Discussion Threads

[jotoha2] 07/5/2018 10:10

itsriskytthat , if your source is correct , then Cooper has misled the market once again , last week he said that Fortuna funding is ongoing , so we have to assume your source is talking rubbish , now of course if Cooper does confirm soon that negotiations for funding have failed , then clearly he will have to go for keeping the lid on price sensitive information .

[ziblot] 05/5/2018 13:33

I know lot of people have been burnt here, but going to hang around for a couple of year and see if Nigel has learnt from his mistakes.
I note some recent comments;
If its as simple as, "Possibly of more significance, banking officials said ICBC was also advised by the government that it should only lend to projects where major infrastructure will be built in China," someone throw them a bone guys and let them supply all the nuts and bolts...just get it moving.
"One source suggested the possibility exists for some work to be done in China, but the details are not known." Thanks to the iii board.
I'm sure holders have seen similar comments but if discussions are still taking place, its worth a punt?

[itsriskythat] 05/5/2018 12:19

So what's holding this back is no counter information to recent article in Upstream Online. It says they have an informed source who believes ICBC have suspended talks with Ophir. Anything to suggest this is untrue?

[dunderheed] 05/5/2018 11:01

He he he really lol post 3961.
One of EE's better posts on sia board, about sia i have to add, which I was incredulous at, was the fact that the bod don't have any control over the share price of the company.
Well wtf are they there for lol!!

[jotoha2] 05/5/2018 09:14

Do you really think price of oil will have any effect here , no! Look at the following since oil was 20$

tlw then £1.30 now around £3

pmo then 20 pence now 90pence

and good old ophr then 65 pence and now 58 pence

So oil price is totaly irrelevant here , only funding and new management will alter things here , you also have to remember this management are paying themselves footsie 100 packages , it's a gravy train , and Nigel is the ticket collector!!

[dunderheed] 04/5/2018 21:35

Ziblot why's that?
If there's value in mkt take it while you can?

[ziblot] 04/5/2018 19:11

I was in a while back when the share price had a bit more meat. I'm back in, confident the funding for Equatorial Guinea is not far off. Don't believe the Santos proposed acquisition would take place if they weren't confident of this.

[dunderheed] 04/5/2018 16:54

Jotoha I know I think my post 3950 went completely above his head (somewhat surprisingly!) Therefore I'm not sure your post 3955 will be fully ingested/understood.

[jotoha2] 04/5/2018 15:36

And here we are , days after this transformational news , the share price is starting to tank again, when will Cooper learn , buying old duff assets from a distressed seller is not the way forward , sell Tanzania and then maybe the bankers will fund Fortuna , the man is a lightweight , bring in Tony from PMO , he will make it happen pronto.

[alamaison5] 04/5/2018 09:19

OPHR: 60p abut to break? Again? And again? This time for good? I guess it is...
But for now just collecting under 60p, for the major break.

[walbrock82] 04/5/2018 09:18

The market hasn’t been too upbeat about acquiring Santos Limited assets because investors know it would need to raise money to fund the development of their Fortuna assets and this will increase financial risk.
In the short-term, the newly-acquired assets should generate positive cash flow to partially fund any Fortuna development. This is a limited opportunity because the 2P oil reserves aren’t high, given the increase in levels of production.
The market is still very pessimistic about Ophir Energy because a £420m valuation is pricing in future operating cash flow of £130m giving a price to operating cash flow of 3.3 times.
For more on the interpretation of Ophir latest acquisition and yesterday’s update from Trinity Mirror and annual results from Elektron Technology, click

[alamaison5] 04/5/2018 08:00

That what he said/I've read. So slagging the company like he does doesn't make sense to me but...

[dunderheed] 03/5/2018 22:31

3948 alamaison5.
Does jotoha have 200 million invested?
(200,000k).
That does seem a lot of money?

[alamaison5] 03/5/2018 21:41

Buy some LEK. June is the month.

[alamaison5] 03/5/2018 21:40

Jotoha2: with 200,000k invested in this share, supposedly, you are doing a good job slagging it, lol.

[alamaison5] 03/5/2018 21:32

Who's talking about 2 years, lol. The reason why the share price is depressed is/was because of the "forced" seller. This latest news might have put a stop to this...A rethink perhaps?

[jotoha2] 03/5/2018 21:04

queenbre , who on earth wants to hold for years in the hope of a 226% possible share price increase , when the present share price is at a historic low , the majority of long term holders will be happy for 100p and run for the hills , At least BPC came in good today , well done Mr Potter for spilling the beans .

[alamaison5] 03/5/2018 19:29

What no one mentioned yet, is that: the negotiations for this deal were made prior to the oil price rally.
Therefore this is a real BARGAIN!
That's all.

[ziblot] 03/5/2018 18:30

Trust me to buy at todays high!

[steve73] 03/5/2018 13:58

13.5kbopd is around 4.9MMbbl per year... Q1 was 1.4MMbbl, which I understand will be to our account (around $90MM of revenue, assuming $64 oil), but obviously need to offset opex.

If this deal has been in the making since late last year, it could explain the rise to 75p in Jan... and perhaps get back there again.

[ziblot] 03/5/2018 13:42

Not new but worth a read:
fool.co.uk
One turnaround stock I'd buy alongside this unloved 5% yielder
Peter Stephens | Wednesday, 7th March, 2018 | More on: BATS OPHR
5-6 minutes

Companies capable of delivering successful turnarounds can be hugely profitable for investors. Of course, there is always a risk that they’ll be unable to generate improving financial or share price performance. But if the potential rewards outweigh the risks then they can prove to be worthwhile investments for the long term.

Reporting on Wednesday was one stock which is due to record a return to profitability over the next couple of years after a difficult period. Similarly, another 5% yielder also reporting Wednesday could return to share price growth after a disappointing year. Both stocks could be worth buying right now.
Improving outlook

Oil and gas explorer and producer Ophir Energy (LSE: OPHR) experienced a somewhat challenging 2017 financial year, having failed to achieve the Fortuna project final investment decision despite having made significant progress on the project. However, progress was made on meeting operational targets, as well as in rebalancing its portfolio.

The company appears to be approaching a more sustainable business model. It was able to reduce general and administrative expenses by 17%, while growing reserves by 13% and increasing net funds flow from production by 46%. It also seems to be in a strong position to deliver on its goals of growing production and cash flow in the 2018 financial year.

Clearly, the last few years have been tough for Ophir Energy. A lower oil price and reduced confidence in the industry have led to a disappointing financial performance. However, with the oil price having risen and its strategy beginning to have an impact on its performance, the company is due to return to profitability in the 2019 financial year. This could boost investor sentiment and lead to a rising share price.