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OPHRWed, 01st May 2019 14:21
LONDON (Alliance News) - Ophir Energy PLC said on Wednesday that US bank JPMorgan Chase & Co has reduced its holding in the company to below the minimum threshold from 5.20%, in a deal on Sunday last week.
Shares in the oil & gas company were up 0.3% at 56.84 pence on Wednesday.
(ShareCast News) - Ophir Energy has slashed its capital expenditure in response to falling oil prices as the company booked a pre-tax loss of $123m in the first half. The loss compares with a profit of $589m last time. Revenue was $86.5m compared with nil in 2014. Ophir said it was now benchmarki
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** Oil producer Ophir Energy down 6.4 pct at 106.0 pence after H1 pretax loss and rev missed estimates ** Co reported H1 pretax loss of $123.3 mln and rev of $86.5 mln ** Stock biggest loser on FTSE-250 midcap index with 25 pct of daily avg volume traded in first hour ** Stock a
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