Ophir Energy Share Discussion Threads

[dougdig] 07/6/2019 15:41

...at last... monies now in account!

[dougdig] 07/6/2019 12:40

Nothing in my account either - spotted this in same Press Release
"Long Stop Date 20 June 2019"
Looks like we are to be kept waiting - just when I thought it was all over!!
Ah well.....

[saget] 03/6/2019 14:35

No proceeds in my Selftrade account either...Mind you, I suffered a 5 figure loss on these so a bittersweet experience. Now need to try and recoup my money back.

[dougdig] 31/5/2019 21:30

No signs of proceeds in my broker account so checked Ophir Website:-

Shareholders on the register at the Scheme Record Time, being 6.00 p.m. on 21 May 2019, are entitled to receive 57.5 pence in cash for each Ophir Share (excluding any Excluded Shares).

The cash consideration payable to Ophir Shareholders under the terms of the Scheme will be settled or despatched by no later than 4 June 2019.

So thats it then...

[carlsagan1] 21/5/2019 21:35

Any of you chaps recommend X-O(by jarvis) or iweb-sharedealing(by halifax)?

ii have increased theres fees again(from £90 a year to now £120/£240), I think its time I finally went elsewhere.

Both x-o and iweb have a simple flat trade fee of £5.95 per trade and have no monthly/yearly admin fees or inactivity fees.

[chinese_takeaway] 15/5/2019 11:08

https://twitter.com/GoodnightCharl1/status/1128589775068438528?s=19

[wbodger] 10/5/2019 01:47

RNS May 9th:

Medco has received the approval of the Fair Competition Commission of Tanzania and waived another condition, and consequently:

Subject to the sanction of the Scheme by the Court at the Scheme Court Hearing and the satisfaction (or waiver, if applicable) of the remaining Conditions to the Acquisition, the Acquisition is now expected to become effective on 17 May 2019. The full terms and conditions of the Acquisition are set out in the scheme document dated 1 March 2019 (the "Scheme Document").

An updated expected timetable of principal events in relation to the Acquisition is set out below. In particular, the Scheme Court Hearing has been scheduled for 17 May 2019 and the Scheme is expected to become effective on 17 May 2019.

(etc)

Scheme Court Hearing to sanction the Scheme 17 May 2019

Last day of dealings in, and for registration of transfers of, and disablement in CREST of, Ophir Shares: 17 May 2019

Scheme Record Time 6.00 p.m. on 17 May 2019

Scheme Effective Time after 6.30 p.m. on 17 May 2019

Cancellation of the listing of the Ophir Shares on the Official List by 8.00 a.m. on 20 May 2019

Despatch of cheques and crediting of CREST accounts with cash due by 31 May 2019

(Read the RNS for the full text, including Notes)

[chinese_takeaway] 07/5/2019 17:56

https://twitter.com/GoodnightCharl1/status/1125792575493943296?s=19

[jotoha2] 01/5/2019 10:25

Thought I would look in here and see what is happening , looks like the dodgy guys have won , great pity , now where is that baffoon nigela who gave out so much rubbish .

[villarich] 23/4/2019 11:24

Thanks dudie, I hadn't seen that. To be honest I've done very little research here. I'm experimenting with a small portion of my portfolio using the Magic Formula. This came up as a buy using the formula so bought in.

[thedudie] 23/4/2019 10:04

The offer changed to 57.5p - I haven't been following for a while so don't know the details /dates etc

[villarich] 23/4/2019 09:43

So am I right in thinking I could sell now at over 56p a share, or wait until the takeover and get 55p a share?

[burtond1] 23/4/2019 09:20

https://total-market-solutions.com/2019/04/23/malcy-talks-oil-gas-ix/

[mikes333] 18/4/2019 15:11

Is our only choice to sell at market rate? This really is theft.

[mikes333] 18/4/2019 15:05

Can this really be the end? The directors should be jailed at least.

[dougdig] 17/4/2019 15:42

Any news on where to from here?
Shafted and hung out to dry methinks - least they can do now is to put us out of our misery and pay up!

[ashkv] 09/4/2019 06:47

This really really stinks - it seems the Cholula 1 well of which Ophir has a stake was one of the top 10 discoveries of Q1 2019 - we didn't even get a RNS or update on resources.

Booth, Schrader, Lorati - bum chums have stolen Ophir fror British PI & IIs. This needs to be investigated & criminal prosecution undertaken.

hxxps://oilprice.com/Energy/Crude-Oil/Oil-Gas-Discoveries-On-The-Rise-As-Oil-Majors-Dive-In.html

hxxps://www.offshoreenergytoday.com/mexico-ophir-eyeing-block-5-stake-sale-despite-discovery/

[ashkv] 27/3/2019 05:20

The chapter ends -shame on the board, Alan Booth, Bill Schrader, Rouse & the rest of the incompetent value destructive & possibly corrupt management.

MARK MY WORDS - TANZANIA GAS WILL ADVANCE PRIOR TO YEAR END.

MEXICO WILL TURN OUT TO BE A GUSHER

AND THE ASIAN ASSETS WILL PRODUCE MORE LIKE 30-35k bpd unlike the 25k bpd for 2019 that Ophir management laid out despite actual production being closer to 30k bpd.

Sandgrove could have got more juice out but probably have their fingers in too many pies -Ophir big enough to talk about but not big enough marketcap to fight about!!!

Oh well - lost a little bit of money but have lost total respect for British Business, Morgan Stanley & learnt an expensive & valuable lesson that underhand deals / establishment corruption is well and alive in UK board rooms.

Just read an FT editorial piece where the muppet writer ties to paint Booth & co as having done a good deal / staged a share holder recovery with Ophir's sell off to Medco & castigating Petrus on its name....

OUTRAGEOUS INCOMPETENT INSIDER PIECE BY THE FT - FOOL DOESN'T KNOW ANYTHING AND LIKELY ON SOME UNDERHAND DOLE WITH A PR FIRM OR DOING A BUDDY A FAVOUR....

OPHIR SALE TO MEDCO IS ABSURDLY LOW BY AND COMPARABLE --- EV, EBITDA, RESERVES etc

AND THESE METRICS DON'T EVEN TAKE INTO ACCOUNT HUGE TANZANIA ASSETS & MEXICO OIL FIND!!!

SHOCKING JOURNALISM BY THE FT - HAS BECOME A TRASH RAG LIKE MOST OF LIBERAL MAINSTREAM ESTABLISHMENT MEDIA!!!

TIME TO MOVE ON - DARTH BOOTH & THE DARK SIDE HAVE WON THIS BATTLE BUT AT LEAST WE INFLICTED SOME PAIN & EXTRACTED SOME $$$$ :)

[vprt] 26/3/2019 12:34

They got the vote through - see:


Is anyone - who ideally has read the small print and the UK takeover rules - able to confirm whether, if someone wanted to put a higher offer, it is now impossible for the company to be sold at a higher price? Can shareholders and board still change their mind until the scheme of arrangement actually is implemented and the shares actually transferred, or not?

[beergut] 26/3/2019 08:02

Was the deal not meant to have closed yesterday? or have I got the wrong date in my head.

[ashkv] 22/3/2019 10:50

www.thecitizen.co.tz/magazine/Government-prepares-new-terms-for-talks-on-LNG-project/1840564-5014308-9b5v2nz/index.html

From the Asia movie, to the non-existent "CEO Search" - this reeks of a low ball derisory sale to Medco by Ophir's discredited, misleading, useless, incompetent board / management / CEO Alan Booth / Chairman Bill Schrader.

And today morning I happened on the below headline for Ophir when I did a search on a Bloomberg terminal!!! Story is yet to follow the headline - will furnish when / if I can find it.

How could management not disclose the Mexico well spud & find - SHOCKING EXAMPLE OF DECEIT IF ANOTHER WAS NEEDED BY THIS CRIMINAL & CORRUPT MANAGEMENT!!! Schrader & his ex-colleague / friend Lorati (CEO of Medco) have screwed us hard working British PIs to benefit Indonesian Oligarchs!!! CRIMINAL!!!

*TANZANIA TO START TALKS FOR $30 BILLION LNG PROJECT IN APRIL - BLOOMBERG TERMINAL NEWS REPORTS FOR OPHIR

Remember we sold an equal stake to what we presently own in Tanzania Gas field for $1.3 billion in 2013/2014 - very quickly it looks like Medco could be back on this GRAVY TRAIN!!!! BUMPER PAYOUT!!!

CRIMINALS!!!! OPHIR MANAGEMENT HAVE BEEN PUSHING FOR MEDCO SALE FROM THE ONSET - REALLY STINKS

TOTALLY MISLED INVESTORS & BOOTH AS BOARD MEMBER PLUS INTERIM CEO COMPLICIT IN THIS DECEIT. POST HIS BEING INTERIM CEO HIS AFRICA HEAD ASSURED INVESTORS / PUT OUT PUBLICLY IN PRESS THAT HIGH CHANCE OF GETTING A DEAL ON FORTUNA!!!

WHAT A LEMON THIS INVESTMENT HAS BEEN - THESE PEOPLE HAVE NO HONOR, DECENCY, SPINE & ETHICS. SHOULD BE LOCKED UP!!!!

[ashkv] 22/3/2019 06:33

hxxps://www.thecitizen.co.tz/magazine/Government-prepares-new-terms-for-talks-on-LNG-project/1840564-5014308-9b5v2nz/index.html

From the Asia movie, to the non-existent "CEO Search" - this reeks of a low ball derisory sale to Medco by Ophir's discredited, misleading, useless, incompetent board / management / CEO Alan Booth / Chairman Bill Schrader.

And today morning I happened on the below headline for Ophir when I did a search on a Bloomberg terminal!!! Story is yet to follow the headline - will furnish when / if I can find it.

How could management not disclose the Mexico well spud & find - SHOCKING EXAMPLE OF DECEIT IF ANOTHER WAS NEEDED BY THIS CRIMINAL & CORRUPT MANAGEMENT!!! Schrader & his ex-colleague / friend Lorati (CEO of Medco) have screwed us hard working British PIs to benefit Indonesian Oligarchs!!! CRIMINAL!!!

*TANZANIA TO START TALKS FOR $30 BILLION LNG PROJECT IN APRIL - BLOOMBERG TERMINAL NEWS REPORTS FOR OPHIR

Remember we sold an equal stake to what we presently own in Tanzania Gas field for $1.3 billion in 2013/2014 - very quickly it looks like Medco could be back on this GRAVY TRAIN!!!! BUMPER PAYOUT!!!

CRIMINALS!!!! OPHIR MANAGEMENT HAVE BEEN PUSHING FOR MEDCO SALE FROM THE ONSET - REALLY STINKS

TOTALLY MISLED INVESTORS & BOOTH AS BOARD MEMBER PLUS INTERIM CEO COMPLICIT IN THIS DECEIT. POST HIS BEING INTERIM CEO HIS AFRICA HEAD ASSURED INVESTORS / PUT OUT PUBLICLY IN PRESS THAT HIGH CHANCE OF GETTING A DEAL ON FORTUNA!!!

WHAT A LEMON THIS INVESTMENT HAS BEEN - THESE PEOPLE HAVE NO HONOR, DECENCY, SPINE & ETHICS. SHOULD BE LOCKED UP!!!!