Share Name Share Symbol Market Type Share ISIN Share Description
Ophir Energy Plc LSE:OPHR London Ordinary Share GB00B24CT194 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 57.50p 57.40p 57.50p - - - 0 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 233.9 -564.4 -86.6 - 407

Ophir Energy Share Discussion Threads

Showing 6326 to 6345 of 6375 messages
Chat Pages: 255  254  253  252  251  250  249  248  247  246  245  244  Older
DateSubjectAuthorDiscuss
21/3/2019
10:20
This really stinks - it does appear clear their is some insider hanky panky afoot as Ophir management are playing tackle for Medco lowball offer. Probably too cover up corruption in EG or other business dealings which might come out with another buyer??? Probably trying to satiate Hedge funds with a quick 5% return and steal Ophir - lets see if the vote fails. Will be interesting. Ophir's Muppet Management really does seem to be in cahoots with the Medco lot. FED HAS EASED OFF, DOLLAR WEAKENING, OPEC FIRM ON CUTS, US SUPPLY GROWTH WEAKENING, BRENT SET TO BOOM - HIT $80 UNLESS TRUMP & CHINA DEAL INTERVENE. THERE IS NO WAY ANY CEO/BOARD/MANAGEMENT WITH AN OUNCE OF FIDUCIARY GOOD SENSE/DUTY COULD RECOMMEND THIS LOW BALL DERISORY OFFER GIVEN THE BUOYANCY IN THE ENERGY SECTOR. BUT THEN THEY RECOMMENDED THE RECENT LOWER OFFER AT 55P - WHICH WAS ROUNDLY REJECTED.... BUNCH OF LOW CLASS, LOW CALIBRE, LOW MORALS, LOW COMPETENCE CORPORATE CLOWNS!!!! MOST PEER SHARES HAVE NEARLY OUTPERFORMED AS MUCH FROM DEC LOWS WHEN OPPORTUNISTIC OFFER WAS MADE - REJECT REJECT!!!!
ashkv
21/3/2019
09:32
I don't think sandgrove would have kept the same Coro management, they would have brought in whoever they deemed appropriate to effectively run the new Ophir
arteespresso
21/3/2019
08:44
So reverse buyout from Coro, which Sandgrove are using as a shell company effectively, was deemed less worthy than the 57p?? I would rather have 40p and still the Ophir assets through Coro as per one share issued, or have I missed the point?
arteespresso
20/3/2019
09:50
I think it will need to be 80p.
beergut
20/3/2019
09:43
Another 10-15% I reckon. Low to mid 60s? Still a steal, but it should pass at that level imo.
gargoyle2
20/3/2019
09:37
Given the price currently, is there another offer coming from Medco to push the final numbers through?
arteespresso
19/3/2019
11:14
You would have thought that Medco would be talking direct to the big investors at this point. They last thing they want is for the deal to be voted down on the 25th. I'm hoping for a revised bid (which Medco will have worked out will be accepted) and a delay in the court/vote timetable.
gargoyle2
19/3/2019
09:45
If big investors are continuing to buy at pace, I think small private investors are wrong to sell, unless they really need the money. Common sense must tell you that major investors wouldnt be buying unless they knew of, or were pretty confident that there was money to be made.... ie plan B
cb7
19/3/2019
08:31
As we are getting closer to the deadline of 25th maybe it's an idea to sell as what are the options? It either goes to Medco at 55p or is rejected and price falls. I see no upside as we get closer to deadline
rayleee
15/3/2019
08:42
And now 20.39% Edit: Now 21.15%
prefab
14/3/2019
15:23
Sandgrove up to 18.73%
prefab
13/3/2019
09:26
Re-post from another site - that I found interesting . All these advisors & $$$$ for what?? $8mn in fees even before the deal has closed for a derisory low ball offer. 1.6% of present market cap at GBPUSD 1.3 or closed to 1p per share at current market cap of 54.3p. Kleptocracy & theft from share holders - $8mn for an useless pea-shooter defence where Ophir went belly up. I could negotiate better than these muppets they hired!!! Why the need for a 2nd bit player Lambert Energy Advisors - the small outfit with ex-industry types - WHEN WE HAVE MORGAN STANLEY. A gravy train - I had hope for Alan Booth but he has turned out to be the senior Sith Lord to the Junior Darth Nick Cooper.... TO THINK MORGAN STANLEY HAD A TARGET PRICE OF 90P AND LOOK WHAT WE GOT!!! THEY DON'T DESERVE ANY FEES!!! May the force be with us & help us suffering shareholders overcome the Sith Lords at Ophir's helm!!! Per the CFO the company is unable to pay dividends or perform a share buy back due to a lack of distributed reserves, so there won't be any payout prior to a takeover. So frustrated with this investment - high quality assets, low quality management
ashkv
13/3/2019
09:25
Re-post from another site. I hope this vote fails and the BOD goes with it, they talk of maximizing shareholder value why don't they reject the offer and resign and let the Petrus recommended directors take over ..... They talk of 55p delivering upfront value in cash, the share price was above this level until June 2018 after which point the BoD gave little guidance on future plans except at the mid-year results when they said they would move to Asia and find a quality CEO. The uncertainty drove the price down, the assets under the right management would be hugely cash generative. Which would have driven the share price back to the analyst predictions 80-90p. Note 5 in the results they have already incurred $8.0 million on the Medco transaction ! they incurred less on acquiring Santos $6.5 million. The talk about reducing costs but unit per barrel increased $11.47 in 2017 to $11.67. Production was above guidance due to Premier's work in Vietnam. Per the CFO the company is unable to pay dividends or perform a share buy back due to a lack of distributed reserves, so there won't be any payout prior to a takeover. So frustrated with this investment - high quality assets, low quality management
ashkv
13/3/2019
08:18
As oilretire says, the money would effectively be Medco's unless it's used as a sweetener. My feel is, even if the deal doesn't go through, this will not go down in price given what we have. The Mexico drill adds intrigue!!
arteespresso
13/3/2019
06:19
oilretire the acquisition is not expected to complete til June so I think there would be time. The Mexico sale would have to be concluded before the vote though in two weeks and would it be enough to convince the likes of Sandgrove to give their agreement? Assuming Sandgrove are in the 'NO' camp.
prefab
13/3/2019
05:51
Doesn't matter if they manage to get a dividend or some sort of return to shareholders, the Medco offer is likely to reduce by the equivalent amount: If any dividend, distribution or other return of value in respect of the Ophir Shares is declared, paid or made on or after the date of this Announcement, Medco Global reserves the right to reduce the consideration payable for each Ophir Share under the terms of the Acquisition by the amount per Ophir Share of such dividend, distribution or other return of value. In such circumstances, Ophir Shareholders would be entitled to retain any such dividend, distribution or other return of value which has been declared, made or paid. Unless of course Medco opt to let it stand as a sweetner to getting 75%. But we're very probably out of time for anything being returned off the back of Mexico are we not??
oilretire
12/3/2019
18:43
Is Theresa May on the board of this company as it looks like the same level of negotiating skill, coupled with a total lack of confidence in the company.
beergut
12/3/2019
15:47
If they sell Block 5,where would the proceeds go to? The current shareholders or Medco? That's assuming the corrupt sale goes through..
elcapitano100
12/3/2019
13:23
If they ate giving a cash dividend to share holders they need to announce before the end date for vote otherwise how will people know which way to vote
rayleee
12/3/2019
11:11
Cholula-1 hits hydrocarbons off Mexico''US independent Murphy Oil has made a discovery with its deepwater Cholula-1 wildcat off Mexico, according to partner Ophir Energy.Ophir revealed little detail, saying only that Cholula-1 was drilled during February and March and "encountered hydrocarbons".It said that "further drilling is likely to be required to confirm the commerciality of the block."Murphy drilling ahead at CholulaAccording to Mexico's National Hydrocarbons Commission (CNH), the well was targeting a resource of between 200 million and 500 million barrels of oil equivalent in 750 metres of water about 120 kilometres offshore.Murphy estimated that the prospect could house mean resources of 220 million boe.Cholula-1, drilled by drillship Transocean Deepwater Asgard, was targeting Middle and Lower Miocene objectives and had a planned total depth of 4000 metres, said CNH.In addition to Ophir, Murphy's partners in the well Petronas, Dea and Sierra Oil & Gas.Ophir - which is in the midst of being acquire by Indonesia's Medco Energi - said it will sell its 23.3% stake in Block 5."We are currently in advanced discussions with interested counter-parties for the sale of our interest in Block 5 for a modest profit ...," said the London listed player.Ophir is also a 20% partner in Blocks 10 and 12 over which production-sharing contracts were signed this month.
arteespresso
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