Member Info for NewKOTB

Rookie1,

"2P reserves increase of over 40% from 49.4 MMboe to 70.6 MMboe" .... as per Santos circular, less production since then.

Back to the last fund raise price (43.75p) in ultra quick time...... hummm

duster,

Using our Santos deal as a metric, we should achieve around 69p/s for our 70m P2 reserves alone.

As the Santos deal was only yesterday in terms of value attributable to OPHR, I see no reason why this should not be the minimum our board should look at in the first instance.

Remember, Santos wanted the cash to pay down their massive debt pile, so we should achieve significantly more than 69p imo, at 80p/s I think the II would vote for without a doubt.

We are not in a fire-sale scenario here, far from it, although we are in volatile times regarding hydrocarbon stock, it would not surprise me that institutions would take 60p. Given the way our SP has reacted, this has to be the starting price and possibly the only price on offer. Really need ano to join the party, but I feel there are so many value stocks to pick from Ophir are one of many bargains for t/o out there atm.

Lets see what Monday brings

gla

TSX 0.76+0.05 (+7.04%) At close: January 4 3:56PM EST

Approx 44.7p

Munch,

Well if it does, from the 8.3 RNS released with very little holding any short position, there will be many disgruntled Institutional investors. But as you say, just have to wait a little longer.

Strange share action ever since Wednesday given the position we are in, with no volume and little SP movement, other than backwards.

I will add more should we return sub 37p as I do feel, we should given recent market strength pop back up above 40p quickly and continue a slow rise. M&A will occur and Ophir will still be one of the low lying fruits for sometime imo. However that is assuming the manipulator who drove the SP down, will disappear the SP should be released back into 'normal' market conditions.

Or, this fiasco could be over with a firm offer that has our boards backing .... either way I do feel like yourself next week will be defining.

gla

Or could be one or more very large orders being worked with time of the essence. So would expect some very large trades to show up on Monday / Tuesday. Why else does it appear the market has totally let go of the SP otherwise.

But in context, just over 2 months ago were sat at 57.5p, another +30% from here.

Guess as an exempt principal trader connected with either/or/both Ophir / Medco which either is not a recognised intermediary or is a recognised intermediary but holds in a non-client serving capacity with an interest in the stock they still need to RNS.

So in effect, we have no idea up until I think the 15th Jan, close of business, to fully understand who owns what in terms of Ophir shares and that includes Medco themselves and any of their associated partners.

What we do know is that at least 50% is in the hands of Institution at this point in time.

I also expect some more, large holders to surface via RNS 8.3

duster ...

That comment was added by IAmNotAnAnalyst

Here's the RNS:

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=OPHR&ArticleCode=jakzzxvj&ArticleHeadline=Form_85_EPTRI__Replacement_of_Ophir

Unusual recovery on very little volume and no news, that we PI's know about. The rate of the rise has been accelerating since open yesterday finishing on a daily high on both days.

Interesting and enjoyable ( for a change) few days.

Over two days, up +30%

Artemis 1.84%
Standard Life 7.11%
Dimensional Fund 1.84%
State Street Global 1.1%
Norges Bank 2.37%
Legal & General 5.71%
Ruffer LLP 1.15%
River and Mercantile Asset 1.24%
Nomura International 2.614%
Prudential Plc / M&G 9.07%
State Street Global 1.12246%
Carlson Capital 2.525%
Schroders plc 1.482%
FMR LLC / FIL Ltd 7.09%
The Vanguard Group 2.95%
BlackRock 3.49%
Barclays 1.30% (but short 1.32%)
Petrus Advisers 2.49%

+ Morgan Stanley declared some trades and CFDs as an intermediary (Does that mean they're working for Ophir?)
+ Investec declared some trades as they are joint brokers to Ophir.

more to come ...

Well, Shakey, easy answer to turn your hate in love ..... short the hell out of it.

Interesting that this rise, was driven and continue to be so, from our listing over on the Canadian Exchange !

Interesting that this rise, was driven and continue to be so, from our listing over on the Canadian Exchange !

News over the weekend, looking likely imo

Amazing turnaround, just amazing.

Should put some minds at rest, The Vanguard Group just increased their holding a little yesterday.

Artemis 1.84%
Standard Life 7.11%
Dimensional Fund 1.84%
State Street Global 1.1%
Norges Bank 2.37%
Legal & General 5.71%
Ruffer LLP 1.15%
River and Mercantile Asset 1.24%
Nomura International 2.614%
Prudential Plc / M&G 9.07%
State Street Global 1.12246%
Carlson Capital 2.525%
Schroders plc 1.482%
FMR LLC / FIL Ltd 7.09%
The Vanguard Group 2.95%
BlackRock 3.49%
Barclays 1.30% (but short 1.32%)

+ Morgan Stanley declared some trades and CFDs as an intermediary (Does that mean they're working for Ophir?)
+ Investec declared some trades as they are joint brokers to Ophir.

more to come ...

Could just be they have an 'idea' of what the offer is and want to load up at the lowest possible price .... hence price stagnation / manipulation. ajimo

Don't think we need to worry atm ... I hope.

gla

Took over two hours to complete my small order this morning ..... very unusual !

Clearly no stock around atm

Once again, numerous reversed deals from earlier in the week popping up, same yesterday.

This was a feature on and off during our continued decline, although they were very much, much larger trades.

IMO, this is market abuse, being allowed to use the system in this way stinks. See if a PI can easily reverse their trade !

Same MO same operator imo

JFT,

"Almost debt free 25k bopd producer valued at £300m.."

Looking at SQZ for example, they too are inline with our production and Mcap, so that tells me only one thing.

The market is now valuing us correctly in terms of our peers, so atm nothing has been added for a possible offer being made. I would be surprised should an offer not materialise that we would fallback to pre-announcement levels.