OPHR.L Share News (OPHR)

OPHR.L Information

There is currently no data for OPHR

Ophir Energy Inks Schlumberger Deal For Fortuna Project

Mon, 25th Jan 2016 07:34

LONDON (Alliance News) - Oil and gas explorer Ophir Energy PLC on Monday said it has signed heads of terms with US oil services group Schlumberger Ltd to be its upstream partner on the Fortuna floating liquefied natural gas project in Equatorial Guinea.

FTSE 250-listed Ophir said Schlumberger, subject to the agreement being definitively agreed and to government approval in Equatorial Guinea, will get a 40% economic interest in the project.

Ophir said it expects the final deal, on which no financial details were provided, to be signed in the second quarter of 2016.

Ophir also released a short trading update, with its production for 2015 averaging 13,000 barrels of oil equivalent per day for the year, ahead of guidance after its Bualuang and Sinphuhorm fields in Thailand performed ahead of budget.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

More News

29 Apr 2016 09:28

WINNERS & LOSERS SUMMARY: New Profit Warning Slams Restaurant Group

29 Apr 2016 08:57

Ophir Energy hits stumbling block at Fortuna

(ShareCast News) - Ophir Energy hit a stumbling block on its road to final investment decision at the Fortuna floating liquefied natural gas project, offshore Equatorial Guinea, it reported Friday. The FTSE 250 company said that, since the 16 January heads of terms agreement with Schlumberger for up

29 Apr 2016 07:38

LONDON MARKET OPEN: IAG Leads FTSE 100 Rout After Wall Street Decline

29 Apr 2016 07:27

Ophir Shares Fall As It Terminates Talks With Schlumberger

21 Apr 2016 11:18

LONDON MARKET MIDDAY: Ex-Dividends Offset Crude Rally Ahead Of ECB

21 Apr 2016 07:41

LONDON MARKET OPEN: FTSE 100 Flat As Ex-Dividends Offset Oil Rally

18 Apr 2016 07:37

LONDON MARKET OPEN: Oil Down, Travel Stocks Up As Doha Talks Fail

14 Apr 2016 14:09

Thursday broker round-up

(ShareCast News) - Metro Bank: Goldman Sachs reiterates neutral with a target price of 2080p. Burberry: Credit Suisse stays at underperform with a target price of 1050p. JD Sports: Investec keeps at buy with a target price of 1420p and Cantor Fitzgerald reiterates buy with a target of 1400p. Tesco

5 Apr 2016 08:31

Sound Energy Gets Indonesian Licence Payment From Ophir Energy

10 Mar 2016 08:15

Ophir Resets 2016 Guidance Due To Downturn, Books Loss In 2015

7 Mar 2016 08:41

LONDON MARKET OPEN: Old Mutual Shares Up As It Explores "All Options"

25 Feb 2016 09:20

Tanzania makes big onshore natural gas discovery - local newspapers

DAR ES SALAAM, Feb 25 (Reuters) - Tanzania has discovered an additional 2.17 trillion cubic feet (tcf) of possible natural gas deposits, raising the east African nation's total estimated recoverable natural gas reserves to more than 57 tcf, local media reported on Thursday. The onshore rese

3 Feb 2016 08:34

LONDON MARKET OPEN: Hikma Up, Hargreaves Lansdown Down In Soft Open

2 Feb 2016 15:33

FTSE 250 movers: Investors worried about Ocado Smart Platform partners

(ShareCast News) - The FTSE 250 continued to slide on Tuesday, with the second tier market down 249.75 points (1.51%) to 16,239.51 points by mid-afternoon. Despite posting double-digit revenue growth for the year through "challenging market conditions", shares in Ocado Group were down over 8%. T

2 Feb 2016 12:33

Liberum cuts targets on wide swathe of oil sector firms

(ShareCast News) - Analysts at Liberum cut their share price targets for a wide swathe of the London-listed oil sector after taking into account the sharp shift lower in futures prices over the last four months. Worries about demand conditions in China and Europe, together with the threat of growing

Latest Share Chat

OPHR.L Share News (OPHR)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Ophir Energy Inks Schlumberger Deal For Fortuna Project

Login to your account

Quickpicks are a member only feature

Login to your account