Ophir Energy plc today reports results for the six months ended 30 June 2018.
Build a strong foundation of Production & Development in SE Asia Transition to an Asian HQ, London office to be significantly downsized Evaluate attractive consolidation opportunities Unlock the potential value in LNG assets
Ophir is pleased to announce the completion of the acquisition of the Producing Assets from Santos Limited (“Santos”).
On 3 May 2018 Ophir announced the proposed acquisition of a package of Southeast Asian assets from Santos Limited, an Australian listed oil and gas company, for an aggregate cash consideration of $205 million pre-working capital adjustments, subject to certain approvals (the “Transaction”).
Further to the announcement by Ophir on 3 May 2018 relating to the proposed acquisition of a package of Southeast Asian assets from Santos Limited, an Australian listed Oil & Gas company, for an aggregate cash consideration of $205 million pre-working capital adjustments, subject to certain approvals (the “Transaction”), Ophir announces that the UK Listing Authority has today approved a class 1 circular in relation to the Transaction (the “Circular”).
This announcement sets out the disclosure required by section 430(2B) of the Companies Act 2006 in relation to the departure of Nicholas Cooper from Ophir Energy plc (the “Company”).
Ophir provides the following update on its trading and operations for the six-month period ending 30 June 2018.
Ophir has prepared the following report in respect of payments made to governments during the year ended 31 December 2017.
We note the announcement by Golar LNG Partners’ regarding the dissolution of its OneLNG joint venture with Schlumberger. Whilst it is disappointing that Schlumberger will no longer be part of the partnership group, Golar and Ophir remain actively engaged in senior level discussions with a number of counterparties over a financing solution for the project.
The Board of Ophir (the “Board”) announces that, by mutual agreement, Dr Nicholas (Nick) Cooper the current Chief Executive Officer and Executive Director, has stepped down from the Board with immediate effect. Nick will remain an employee of the Company at this time and will be leaving the Company after a short handover period. Mr Alan Booth, currently a non-executive director of the Company, has been appointed as Interim Chief Executive Officer and Executive Director, until a new Chief Executive Officer is appointed.