Strategic Risks
Decisions regarding our investments and resource allocation are vital to the success of our business strategy.
Risk |
Mitigants |
Responsibility at functional level |
Change
(2014 on 2013) |
Investment decisions |
- Focus on growing a revenue generating business to fund exploration activities and minimise the overall cost of capital.
- Only allocate capital to highest return opportunities following rigorous risk reward analysis.
- The Company and its advisors are experienced within the industry, and complete a proper review of the Company’s strategy and investment criteria.
- The current portfolio is closely monitored and new market opportunities continually reviewed.
- A robust risk assessment and due diligence process is undertaken on all potential new entries.
- Ophir endeavours to transact at the most appropriate time to create value for shareholders.
|
Director – Portfolio & Strategy |
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Inadequate resource and reliance on key personnel |
- The Company regularly reviews the organisation to ensure it is appropriately resourced to deliver its objectives.
- Ophir relies on the excellence of a team of experienced Oil and Gas professionals for its operational success. In order to retain, motivate and recruit suitably qualified employees it ensures its remuneration packages are competitive.
- It has established a Long-Term Incentive Plan (LTIP) for Executives and a Deferred Share Plan for staff.
|
Director – Human Resources |
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