Who we are
Ophir Energy was founded in 2004 and was listed on the London Stock Exchange in 2011.
Ophir’s strategy is to be a sustainable explorer, focused on delivering Net Asset Value (NAV) per share growth by finding resources at low cost and then monetising them in the way that maximises the value created.
‘Finding low’ is a combination of a number of factors: our commercial and sub-surface teams working together to access new acreage, the sub-surface team applying consistent and rigorous analysis of play, prospect and commercial risks, consistent portfolio high-grading, maintaining discretion over which prospects we drill and keeping costs under control. We will only allocate capital to the highest-quality prospects that offer the best potential risked returns, all whilst keeping cost under control.
‘Monetising smartly’ will maximise the value that we create on a NAV per share basis. In terms of our production assets, we can maximise the margin through reducing operating costs and smartly bringing contingent resource into production where they contribute cash. At times we will need to be commercially innovative in order to find ways of monetising contingent resource and we are building a track record in this area.