At the request of Ophir, the Takeover Panel has consented to an extension of the deadline for Medco Global to either announce a firm intention to make an offer for Ophir or announce that it does not intend to make an offer for Ophir, until 5.00 pm on 31 January 2019. The parties are in advanced negotiations with a view to agreeing a recommended transaction at 55 pence per Ophir ordinary share in cash.
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”).
Ophir has agreed to acquire 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”). The portfolio of assets includes material producing assets in Vietnam and Indonesia plus exploration and appraisal assets in Malaysia, Vietnam and Bangladesh.
Ophir Holdings & Ventures LTD (“Ophir”), a wholly owned subsidiary of Ophir Energy plc, and OneLNGSM, a joint venture between subsidiaries of Golar LNG Limited and Schlumberger, announce that they have signed a binding Shareholders’ Agreement to establish a Joint Operating Company (“JOC”) to develop the Fortuna project, in Block R, offshore Equatorial Guinea utilising Golar’s FLNG technology.
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.
Ophir Energy plc (“Ophir” or “the Company”) announces it has signed a binding heads of terms for a midstream chartering and operating services agreement with Golar LNG (“Golar”) with the agreement of GEPetrol, its partner in Block R in Equatorial Guinea, who will formally ratify it next week.
Ophir Energy plc (“Ophir” or “the Company”) announces that it has completed the acquisition of four deepwater Production Sharing Contracts (“PSCs”) in Indonesia from Niko Resources (“Niko”). This follows the announcement of the agreement to acquire interests in a series of Niko’s deepwater PSCs on 27 October 2014.