Fortuna FLNG Project and Trading Update

Ophir Energy announces that it has finalised commercial terms and is in the process of signing Heads of Agreement (“HoAs”) for LNG offtake from the Fortuna FLNG Project with a shortlisted group of counterparties, all of which are globally established LNG Buyers.

Award of Competitive FEED for Fortuna FLNG Project

Ophir Energy announces that it has awarded Upstream Front End Engineering and Design (FEED) contracts for the Fortuna FLNG Project in Block R, Equatorial Guinea to two contractor consortia, (i) McDermott Marine Construction Ltd and GE Oil & Gas UK Ltd and (ii) Subsea 7 and Aker Solutions.

Independent Reserves Report

Ophir Energy plc (“Ophir”) provides an update on its audited reserves and resources as at 31 December 2014. The independent reserves and resources reports support the previous management estimates.

Equatorial Guinea: Fortuna-2 DST Results

Ophir Energy plc (“Ophir” or “the Company”) announces the successful Drill Stem Test (DST) on the Fortuna-2 well in Block R, Equatorial Guinea. Ophir holds 80% of Block R and GEPetrol 20%.

Equatorial Guinea Commercialisation Update

Ophir Energy plc (“Ophir” or “the Company”) is pleased to provide an update on progress with regards to the proposed development of the Company’s gas resources in Equatorial Guinea.

Fortuna West-1 gas discoveries total 1 TCF recoverable

Ophir Energy plc announces the successful completion of its 2012 three-well drilling program in Block R, Equatorial Guinea. All three wells exceeded pre-drill recoverable resource estimates. The Fortuna West-1 (R6) exploration well in Block R, Equatorial Guinea has added an additional 1.0 TCF (169 MMBOE) of recoverable resources. The well encountered gas in the primary target of the western lobe of the Fortuna Complex, in the secondary deeper Viscata prospect and there is further potential upside in the Felix prospect.

Equatorial Guinea Operational Update

Ophir announces the contracting of Ocean Rig’s “Eirik Raude”, a dynamically positioned semi-submersible rig, to drill its Equatorial Guinea exploration campaign.