Member Info for NewKOTB

Artemis 1.84%
Standard Life 7.11%
Dimensional Fund 1.84%
State Street Global 1.1%
Norges Bank 2.37%
Legal & General 5.5%
Ruffer LLP 1.15%
River and Mercantile Asset 1.24%
Nomura International 2.644%(-2.644% ?)
Prudential Plc / M&G 9.18%
State Street Global 1.12246%
Carlson Capital 2.525%
Schroders plc 0.686%
FMR LLC / FIL Ltd 7.10%
The Vanguard Group 2.95%
BlackRock 3.45%
Barclays 1.25% (short 1.26%)
Petrus Advisers 2.61%
Azvalor 7.819%
Bybrook Capital 4.3%
Hotchkis & Wiley 13.7%
Carlson Capital 2.375%

Total declared = +84%

few more large ones left to declare ...

Be very interesting to see who issues 8.3's on Monday/Tuesday

Bybrook Capital added a straight 3,500,000 shares at 44.2563 on Friday !! note ADDED
Prudential Plc / M&G added +800,000 shares at 43.87 on Friday !! note ADDED
Petrus Advisers added +880,000 shares at 44.71 and 45.00 on Friday !! note ADDED

Can you see the trend yet ?

Interesting one is Schroders who have been reducing ... now at 0.686 and would guess be fully out by Tuesday.

Artemis 1.84%
Standard Life 7.11%
Dimensional Fund 1.84%
State Street Global 1.1%
Norges Bank 2.37%
Legal & General 5.5%
Ruffer LLP 1.15%
River and Mercantile Asset 1.24%
Nomura International 2.644%(-2.644% ?)
Prudential Plc / M&G 9.18%
State Street Global 1.12246%
Carlson Capital 2.525%
Schroders plc 1.178%
FMR LLC / FIL Ltd 7.10%
The Vanguard Group 2.95%
BlackRock 3.45%
Barclays 1.25% (short 1.26%)
Petrus Advisers 2.61%
Azvalor 7.819%
Bybrook Capital 4.3%
Hotchkis & Wiley 13.7%
Carlson Capital 2.375%

Total declared = +84%

few more large ones left to declare ...

Be very interesting to see who issues 8.3's on Monday/Tuesday

Bybrook Capital added a straight 3,500,000 shares at 44.2563 on Friday !! note ADDED
Prudential Plc / M&G added +800,000 shares at 43.87 on Friday !! note ADDED
Petrus Advisers added +880,000 shares at 44.71 and 45.00 on Friday !! note ADDED

Can you seeing the trend yet ?

Prudential Plc / M&G from 9.07% to 9.18%, added 800,000 shares on Friday.

Artemis 1.84%
Standard Life 7.11%
Dimensional Fund 1.84%
State Street Global 1.1%
Norges Bank 2.37%
Legal & General 5.5%
Ruffer LLP 1.15%
River and Mercantile Asset 1.24%
Nomura International 2.644%(-2.644% ?)
Prudential Plc / M&G 9.18%
State Street Global 1.12246%
Carlson Capital 2.525%
Schroders plc 1.178%
FMR LLC / FIL Ltd 7.10%
The Vanguard Group 2.95%
BlackRock 3.45%
Barclays 1.25% (short 1.26%)
Petrus Advisers 2.49%
Azvalor 7.819%
Bybrook Capital 4.3%
Hotchkis & Wiley 13.7%
Carlson Capital 2.375%

Total declared = +84%

few more large ones left to declare ...

Be very interesting to see who issues 8.3's on Monday/Tuesday

Bybrook Capital added a straight 3,500,000 shares at 44.2563 on Friday !! note ADDED
Prudential Plc / M&G added +800,000 shares at 43.87 on Friday !! note ADDED

Artemis 1.84%
Standard Life 7.11%
Dimensional Fund 1.84%
State Street Global 1.1%
Norges Bank 2.37%
Legal & General 5.5%
Ruffer LLP 1.15%
River and Mercantile Asset 1.24%
Nomura International 2.644%
Prudential Plc / M&G 9.07%
State Street Global 1.12246%
Carlson Capital 2.525%
Schroders plc 1.178%
FMR LLC / FIL Ltd 7.10%
The Vanguard Group 2.95%
BlackRock 3.45%
Barclays 1.25% (short 1.26%)
Petrus Advisers 2.49%
Azvalor 7.819%
Bybrook Capital 4.3%
Hotchkis & Wiley 13.7%
Carlson Capital 2.375%

Total declared = +84%

few more large ones left to declare ...

Be very interesting to see who issues 8.3's on Monday/Tuesday

Bybrook Capital added a straight 3,500,000 shares at 0.442563 on Friday !! note ADDED

Anyone shorting this are playing a very dangerous game, playing with fire imo.

Large holder just added another 3.5m shares on Friday tells me all I need to know atm.

Artemis 1.84%
Standard Life 7.11%
Dimensional Fund 1.84%
State Street Global 1.1%
Norges Bank 2.37%
Legal & General 5.5%
Ruffer LLP 1.15%
River and Mercantile Asset 1.24%
Nomura International 2.61% (2.61% short?)
Prudential Plc / M&G 9.07%
State Street Global 1.12246%
Carlson Capital 2.525%
Schroders plc 1.178%
FMR LLC / FIL Ltd 7.10%
The Vanguard Group 2.95%
BlackRock 3.45%
Barclays 1.25% (short 1.26%)
Petrus Advisers 2.49%
Azvalor 7.819%
Bybrook Capital 4.3%
Hotchkis & Wiley 13.7%
Carlson Capital 2.375%

Total declared = +84%

few more large ones left to declare ...

Be very interesting to see who issues 8.3's on Monday/Tuesday

Bybrook Capital added a straight 3,500,000 shares at 0.442563 on Friday !! note ADDED

yep, no more "possible offers", table a real bid, much higher that we may consider or forget it.

Medco, imo will come back and table a higher formal bid, but not sure it will be quite enough ..... yet !

Putting our 20% share of Tanzania LNG up for sale at only 25% (75% discount) of what we achieved for our last 20% we sold ...... would give us 35p/s

I would take that on top of +60p from Medco

95p/s that is more in line with a realistic valuation imo.

Back in September our Stategic Update stated:

"Consider options to unlock the potential value in our LNG assets - value that is not today reflected in our share price despite a rapidly improving LNG landscape. We intend to ensure that our shareholders share appropriately in any value subsequently realised..."

"Consider options" .... so lets get those 'options' in play.

Having given more thought about Medco, it makes little sense to go for, well I wouldn't even call it optimistic, more like stupidity opening potential offer of 48.5p..... why, knowing you will not be successful let alone achieve anywhere close to that !

Are Medco after just after our SE Asian assets, to me it appears so, when they value Ophir at 48.5p

If this is the case our board should be looking for takers of our Mexican and Tanzania assets. Shell or Pavilion should be interested Tanzania with 15 Tcf of gross contingent resource, net contingent (2C) resource of 3 Tcf (501mmboe)

Sell SE Asian at +60p and get Tanzania and Mexico sold at the same time.

Sum of the parts has to be more than 48.5p, does it not ?

Could Shell or Pavilion be our boards white rabbit out of the hat ?

gla

Munch,

You must remember that NO offer has been tabled formally atm so we haven't had the need to reject one!

Next week Medco will formally bid imo ..... but certainly not at 48.5p or less.

"This morning, Medco submitted an updated possible offer to the Board of Ophir at 48.5 pence per Ophir ordinary share and subsequently made a unilateral announcement without any further discussion.

This announcement does not amount to a firm intention to make an offer under Rule 2.7 of the Code and there can be no certainty that any offer will be made.

This announcement has been made by Ophir without the approval of Medco or Medco Global.."

------------------

Davstock, could be, although our last year it was on 16th !

Davstock,

"..will be our pre-close trading statement on 15 January 2019 when we shall update investors on the progress made throughout our portfolio and the advances to our production and cashflow base in Southeast Asia..."

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=OPHR&ArticleCode=o4o7u4yh&ArticleHeadline=Ophir_Energy_Block_R_Licence_Equatorial_Guinea

The fact that the board have chosen to deliver the trading update at the CoB 15th is NO coincidence (deadline for 8.3 notifications). This has been planned and as such, unless our board are in cahoots with Medco, I expect a strong update both in terms of production and cash on hand, with a bit of luck a rabbit too.

This imo will put pressure on Medco to up their offer as I hope our SP will react well to our update.

Final offer from Medco imo will be 68p

gla

"..On 22 October 2018, Medco made an unsolicited approach to Ophir to acquire the entire issued and to be issued share capital of Ophir at an offer price of 58.0 pence.."

Interesting that from the 23rd of October, our SP was pulled sharply down, within 3 weeks of the unsolicited approach we had lost 23% on NO news.

Our excellent drilling update RNS and tidying up of our Debt Facility RNS and pay down of debt that resulted in a +10% rise in SP was quickly dragged back-down within just a week.

All this time our resident BOT was working overtime firing in hundreds and hundreds of automated trades

Tell me our SP has not been managed by an interested party that want out assets for fire sale price. Our board knew this so called them out with their EG Licence update that very cleverly included "evaluating the options available to the Company to maximise value for shareholders for the rest of the portfolio".

We know that the 48.5p offer has no chance so it's interesting that after the traders left and we went red briefly on the day the SP closed up 5%.

Over 18m shares traded today, I expect alot more 8.3's on Monday / Tuesday as Medco have not withdrawn as of yet.

Medco want us at the best price .... my guess is this saga has legs and the market thinks so too.

We just want another interested party to join in ..... or the board to pull a rabbit.

gla

duster,

I think the fact it was not reported meant that our board thought it was a derisory offer. So in terms of market rules, they are allowed to refute it without informing the market. All above board.

Now, this is where it should get interesting. Logic follows that they were advised or feel the company was worth alot more, probably in the region of 80p imo as per house broker.

So now the board have to earn their crust imo .... get 80p on the table or get the SP to re-rate and fast.

BE can never be seen as a bad result so good luck with your next adventure.

Me, going the distance which ever way this falls as long as the 15th ops update is on track afaic.

atb

My Posts have been removed when suggested that the fall in our sp was 'manufactured' for the benefit of others ... can not name names as this post will be removed again ...( may even anyway !!! )

Artemis 1.84%
Standard Life 7.11%
Dimensional Fund 1.84%
State Street Global 1.1%
Norges Bank 2.37%
Legal & General 5.5%
Ruffer LLP 1.15%
River and Mercantile Asset 1.24%
Nomura International 2.61% (2.61% short?)
Prudential Plc / M&G 9.07%
State Street Global 1.12246%
Carlson Capital 2.525%
Schroders plc 1.178%
FMR LLC / FIL Ltd 7.10%
The Vanguard Group 2.95%
BlackRock 3.45%
Barclays 1.25% (short 1.26%)
Petrus Advisers 2.49%
Azvalor 7.819%
Bybrook Capital 3.81%
Hotchkis & Wiley 13.7%
Carlson Capital 2.375%

Total declared = +84%

few more large ones left to declare ...

Be very interesting to see who issues 8.3's on Monday/Tuesday

Ophir have all the cheese to set the traps ... expect PR to go metal over the weekend in the build up to Tuesday

gla

2018 seen an average of $71 barrel lets use that as the metric shall we !

https://www.statista.com/statistics/262858/change-in-opec-crude-oil-prices-since-1960/