Appointment of Non-executive Director

Ophir is pleased to announce the appointment of Dr. Adel Chaouch as an independent non-executive Director to the Company’s Board with immediate effect.

Operations and Trading Update

Ophir provides the following update on its trading and operations for the twelve month period ending 31 December 2018.

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”)).

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”)).

Block R Licence, Equatorial Guinea

Ophir announces that it has received notification from the Equatorial Guinea Ministry of Mines and Hydrocarbons that the Block R Licence, which contains the Fortuna gas discovery, will not be extended following expiry of the licence on 31 December 2018.

Block R Licence, Equatorial Guinea

Ophir announces that it is still awaiting a response from the Equatorial Guinea Ministry of Mines and Hydrocarbons (‘MMH’) with regards to its request for an extension of the Block R licence.

Increase and extension of Debt Facility

Ophir announces that it has increased and extended its existing Reserve Based Lending Facility (“RBL”). The RBL has been increased by US$100 million to US$350 million facility and the maturity of the RBL has been extended by 18 months, so it now matures on 31 December 2025, restoring the original seven-year maturity.

Drilling Update

Ophir provides an update on recent drilling activity in Indonesia and Thailand.