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.

Ophir announces strategic update

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

Results of General Meeting

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”).

Publication of Circular and Notice of General Meeting regarding Proposed acquisition of certain Southeast Asian producing and exploration assets from Santos Limited

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”).