I'm just gradually building a position, still got one or two blocks i want to take but going to wait now and see if 180ish gets seen. Currently averaging around 206/207 and would be very happy if i get a chance to double up sub-180 and end up with an average in the low 190s (taking a longer term view)!
Before then, they are drilling a couple of wells now I'll post something later on it if I get a chance. How's knows where the bottom is. I've tried to find it a couple of times now lol. Thing is I believe in ophir long term and think its a good bet, but that's just me
Thinking about getting in here as have been monitoring OPHR for a good few months. Almost bought in at 205 but suspected further drops were still in store. Not trying to sound like I have a crystal ball but surely this can't drop much more and is ready to bounce? Am I right in saying next well/drilling updates due by October or should one expect a RNS before then?
Yes made interesting reading (as did the old RFC Ambrian one - bit out of date now though with Gabon completed). I think worries over this court case with Mabanga aren't helping and seems to be a lot of discussion on iii - as far as I'm aware this was thrown out a couple of years back as it had no chance of succeeding and do wonder if it is being deliberately mis-used to stir up concerns!!! If anyone here is on iii as well maybe they'd like to post this link as the judgement in favour of Ophir and BG was made on 15 June 2012 unless I'm missing something! http://lexisweb.co.uk/cases/2012/june/mabanga-v-ophir-energy-plc-and-another-company
As quickly as they can in africa lol, learnt that the hard way with blvn didn't we?? We need to do well with the drillbit now and get sentiment back on our side again. Did you see citi's new coverage note last week??
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