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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 Shares Traded Last Trade
  0.00 0.00% 57.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
57.40 57.50 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 233.87 -564.42 -86.65 407.0
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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DateSubject
15/7/2019
09:20
Ophir Energy Daily Update: Ophir Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker OPHR. The last closing price for Ophir Energy was 57.50p.
Ophir Energy Plc has a 4 week average price of 0p and a 12 week average price of 56p.
The 1 year high share price is 57.60p while the 1 year low share price is currently 31.65p.
There are currently 708,451,086 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Ophir Energy Plc is £407,359,374.45.
13/3/2019
09:25
ashkv: 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
12/3/2019
10:24
ashkv: The more I think about it the more steamed i get - AS INVESTORS I DESERVE TO KNOW ABOUT MEXICO DRILL, RESULTS & POTENTIAL LOOK AT THE SHARE PRICE OF ECO ATLANTIC - around 15% of a good prospect license in Guyana prior toany oil find and currently GBP155mn market cap Why didn't we get updates/RNS on the Mexican well spud, find, analysis & follow-on time line!!! Shameful conduct from the blathering, blustering & bullying muppets who have managed to destroy billions in share holder value with no remorse!!! AS AN INVESTOR THE MEXICO WELL IS HIGHLY HIGHLY MATERIAL TO MY SELLING OUT TO MEDCO ON THE CHEAP - DO YOU THINK THIS MIGHT HAVE BEEN HIDDEN AS BOOTH & SCHRADER WISHED TO PUSH FORWARD ON THE SLY WITH THEIR ABSURDLY LOW TAKE OVER HEIST WITH MEDCO - BRAVO BRAVO SANDGROVE, KITE LAKE, PETRUS et al FOR SHIELDING INVESTORS & PREVENTING A MOCKERY OF A TRANSACTION!!!
20/2/2019
10:48
ashkv: Dear Bill, On 14 January 2019, we sent you a letter expressing our view that Medco’s offer of 55p / share significantly undervalues Ophir. Since then, the market has traded millions of Ophir shares above 55p. At this point, Medco is paying less than the fair value of Ophir’s South East Asian production assets1 meaning they are gifted substantial synergies and the upside potential from Ophir’s licenses in Tanzania, Mexico and Equatorial Guinea (“EG”). Since you joined the Ophir Board, the share price has fallen 87% representing $2.1 billion of value destruction2 . We increasingly see a pattern suggesting a potential conflict of interest: The Board seems to prefer to sell Ophir at sub-optimal terms rather than fight for shareholder value: ? Your Operations and Trading Update on 15 January 2019 was exceptionally conservative. In key parts, management seemed to have revised essential factors, such as Ophir’s production outlook without logical explanation; ? You added Dr Adel Chaouch to the Board without mentioning his background as a specialist in EG or the fact he was proposed by Petrus Advisers and enjoys broad shareholder support; ? The situation in EG was mismanaged. You failed to meet with the key decision makers following the departure of Dr Nick Cooper in April 2018, who had held these relationships; ? You seem to have prematurely agreed a termination of the Fortuna license; ? We see no significant progress in marketing assets including Ophir’s Mexican licenses and the 20% ownership in Blocks 1 and 4 in Tanzania; ? You seem to not have professionally solicited and considered offers for Ophir from other buyers; and ? You repeatedly blocked shareholders’ demands for Ophir to return capital to shareholders which in the current situation has to be the basis for any Plan B when the current Medco offer will fail.
07/1/2019
07:44
ashkv: Ophir net assets were US$ 1,087,219,000 as of half year 2018 results on 30 June 2018 Even if impaired for $300mn per announcement Ophir assets are $787 MILLION at current share price of 44.80 and GBPUSD of 1.27 - Ophir market cap is $402.5m - based on assets Ophir Share Price should be near double at 88p, FORTUNA SHOULD HAVE BEEN FULLY PRICED IN - ONLY A NUMBNUTZ WOULD THINK THERE WAS A LESS THAN 95% CHANCE THAT LICENSE WOULD BE REVOKED. I WAS HOPEFULLY NEW CEO MIGHT PULL OUT A RABBIT FROM THE HAT BUT HE IS AS USELESS AS NICK COOPER. I would think takeover at less than Morgan Stanley target price of 80p would be highway robbery....
14/9/2018
16:31
ashkv: Ophir on a per barrel basis is approaching the value per barrel it paid for Santos at current share price / implied enterprise value. To recall oil price was much lower when Santos was finalised plus reserves much smaller relative to production as compared to existing Ophir Asian assets. At $205m for 13.5k bpd Ophir paid US $15,185 per barrel and 21m in reserves Current Ophir production is 27.5k bpd, reserves of 71mn barrels, at 35p share price - Enterprise value is Market Cap ($323m - GBP 35p) + Debt $230m - Cash $75m = $478.5m Therefore price for barrel signified by current Ophir market cap/enterprise value is = 478.5/27500 = US $17,402.5 I think this share price is getting to a level where I have to liquidate other holdings and buy in.....
14/9/2018
16:18
ashkv: Sophia: "Btw, 2P are 42 oil and 29 gas." Ashkv --> ok and ? Stll barrel of oil equivalent and if anything gas advantageous given environmental and Asian pricing. Sophia: "FCF seems to exclude interest costs and some CAPEX (although it is not totally clear)." Ashkv --> As mentioned prior exploration commitment is $85m over the next 5 years per H1 results. Of which $13m is earmarked for Mexico in H2 2018. The remaining over 5 years and Ophir will look to farm down as they successfully did on block in Equatorial Guinea with Kosmos Energy. The rest of Capex is solely to maintain production - per presentation this is not very much. And the remaining earmarked to increase production from exiting assets - in the case of Bualang the $100m will pay back in 1.5 years and is projected to have an IRR in excess of 40%. Ophir optimistic scenario is for 35k bpd production in 2020. That is over a billion dollars in revenue at current oil prices. THIS IS A STEAL OF SHARE PRICE. Sophia: "The CC made me even more cautious. I don't know Alan Booth, but I really did not understand his attitude and body language." Ashkv --> Certainly it is better to be careful as I am down 40% + in this share. But have bought in the 50s and at 42p as excluding Fortuna the share is highly under priced. It is a 27.5k bpd producer which is highly profitable and now has a clear strategy plus a CEO who founded Encore and generated massive value for shareholders. Not a bean counter like Nick Cooper. Moreover I liked the fact that Alan was not a glib fast talker like Kevin Hart, Nick Cooper, Oliver (at Ophir - head of Africa). He clearly has taken on board investor sentiments and echoed they are not a company to pay salaries but to generate share holder value. Therefore the massive layoffs in London and relocation of the office. THAT TO ME SIGNIFIES HE MEANS BUSINESS Sophia: Free cash flow not clear if includes interest expenses. Ashkv --> Ophir is sitting on $75m cash and post Santos will have around $230m debt (including Nordic bond). Free cash flow per definition generally doesn't include interest. Even at at 10% interest rate on $230m this is $23m - I expect the Santos debt to be repaid quickly as Santos assets are expected to repay in less than 30 months from present. Good to do due diligence but one never can call the bottom - as long as my investment thesis holds good I will add to the limit considerations of my portfolio. For all we know tomorrow Ophir could get a bid at a healthy premium from current price. Adding 27.5k bpd and 71m of 2p reserves for an enterprise value at share price of 35.5p of $485m (Debt $230m + Market Cap $330m (converted to usd) - Cash $75m) would seem ridiculously low to me. Production is expected to increase to 35k bpd in 2020. Unbelievable
03/5/2018
13:42
ziblot: 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.
22/2/2018
15:17
jotoha2: Utter rubbish , the share price is the lowest it's been .......ever and will continue down unless Cooper comes up with the goods , ophr share price is on it's knees all it's peers have seen substantial increases since the lows of 2016 .
12/12/2016
10:40
romeike: Last time oil was at this price OPHR share price was over 111p, and shortly prior to that was at 166p. With the JV sorted, can't see any reason why this isn't at that levels again.
30/6/2016
06:03
togglebrush: Press reports that Natural Gas is priced in Sterling which could be the influence in current OPHR share price rising.
Ophir Energy share price data is direct from the London Stock Exchange
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