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  • RECOMMENDED CASH OFFER for Ophir Energy plc (“Ophir”) by Medco Energi Global PTE Ltd (“Medco Global”)

    (a wholly-owned subsidiary of PT Medco Energi Internasional Tbk (“Medco”)) (to be effected by a scheme of arrangement under Part 26 of the Companies Act 2006) Summary The boards of Medco, Medco Global and Ophir are pleased to announce that they have reached agreement on the terms of a recommended acquisition pursuant to which Medco […]

  • PUSU Extension in relation to possible offer for Ophir by Medco Energi Global PTE Ltd (“Medco Global”) (a wholly-owned subsidiary of PT Medco Energi Internasional Tbk (“Medco”))

    In accordance with Rule 2.6(a) of the Code, Medco Global is now required, by not later than 5.00 pm on 31 January 2019, to either announce a firm intention to make an offer for Ophir in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for […]

  • Dr Adel Chaouch

    Dr Adel Chaouch was appointed as a Non-Executive Director in January 2019. Adel has over 20 years’ experience working in the Upstream oil and gas industry. The majority of this time has been spent working for Marathon Oil in a variety of management and executive roles in West Africa, North Africa and the Middle East. […]

  • Appointment of Non-executive Director

    Dr. Chaouch is an experienced senior oil and gas professional and is currently serving as North Africa and Middle East Director for Marathon Oil Company. Dr. Chaouch is also currently a Board director of the Bi-Lateral US-Arab Chamber of Commerce, Houston, Texas. Dr Chaouch has a Masters of Engineering in Civil Engineering and a Ph.D. […]

  • Operations and Trading Update

    Alan Booth, Interim CEO of Ophir, commented:  “With the successful integration of the Santos South East Asian assets, Ophir has significantly strengthened its production and development portfolio. We are now well positioned to generate significant free cash flow going forward. Our underlying business and balance sheet remain robust.  “As we announced on 5 January, the […]

  • Rejection of Possible Offer

    Rejection of the possible offer for Ophir by PT Medco Energi Global PTE Ltd (“Medco Global”) (a wholly-owned subsidiary of PT Medco Energi Internasional Tbk (“Medco”)). The Board of Ophir has now met formally to consider the possible offer announced by Medco on 11 January 2019 to acquire the issued and to be issued share […]

  • Response to Medco announcement

    Statement regarding the potential acquisition of Ophir by PT Medco Energi Global PTE Ltd (“Medco Global”) (a wholly-owned subsidiary of PT Medco Energi Internasional Tbk (“Medco”)). Ophir notes the announcement made by Medco earlier today in relation to the potential acquisition of Ophir. Background to discussions On 22 October 2018, Medco made an unsolicited approach […]

  • Block R Licence, Equatorial Guinea

    As a consequence, there will be an additional non-cash impairment of the asset, expected to be around $300 million, in Ophir’s full year financial results following the impairment taken in the half year results reported in September 2018. The Board remains focused on implementing the strategy outlined in its announcement on 13 September 2018 and […]

  • Information re. recommended firm cash offer

    Downloads Statement re. the potential acquisition of Ophir Energy plc (“Ophir”) by PT Medco Energi Global PTE Ltd (“Medco”) PDF (0.58Mb) Announcement re. Block R Licence, Equatorial Guinea Rule 2.9 announcement 2-1-19 Rule 2.9 announcement 9-1-19 Form 8 (OPD) Response to Medco announcement Rejection of Possible Offer Operations and Trading Update Appointment of NED PUSU […]

  • Statement regarding the potential acquisition of Ophir Energy plc (“Ophir”) by PT Medco Energi Global PTE Ltd (“Medco”) (a wholly-owned subsidiary of PT Medco Energi Internasional Tbk).

    THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) NO 596/2014 (“MAR”). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THE INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN FOR THE PURPOSES OF MAR. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO, OR FROM […]