Last 201.00 GBp
Change Today +11.00 / 5.79%
Volume 1.9M
As of 11:35 AM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

ophir energy plc (OPHR) Snapshot

190.00 GBp
Previous Close
190.00 GBp
Day High
201.50 GBp
Day Low
190.00 GBp
52 Week High
11/14/13 - 393.90 GBp
52 Week Low
10/16/14 - 178.30 GBp
Market Cap
Average Volume 10 Days
0.32 GBp
Shares Outstanding
Dividend Yield
Current Stock Chart for OPHIR ENERGY PLC (OPHR)

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ophir energy plc (OPHR) Details

Ophir Energy plc operates as an independent oil and gas exploration company in East and West Africa. It is engaged in the development of offshore and deepwater oil and gas exploration assets. The company has a portfolio of assets in the Saharawi Arab Democratic Republic, Offshore Senegal and Guinea Bissau Joint Development Zone, Ghana, Equatorial Guinea, Gabon, Congo, Somaliland, Kenya, Tanzania, and Madagascar. Ophir Energy plc was founded in 2004 and is headquartered in London, the United Kingdom.

119 Employees
Last Reported Date: 04/17/14
Founded in 2004

ophir energy plc (OPHR) Top Compensated Officers

Chief Executive Officer, Managing Director, E...
Total Annual Compensation: 970.0K GBP
Executive Director
Total Annual Compensation: 845.0K GBP
Executive Director
Total Annual Compensation: 549.0K GBP
Compensation as of Fiscal Year 2013.

ophir energy plc (OPHR) Key Developments

Ophir Energy Plc Announces Drill Stem Test on the Fortuna-2 Well in Block R, Equatorial Guinea

Ophir Energy Plc announced 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%. After successfully drilling and coring the Fortuna-2 well, a DST was conducted to prove the deliverability of the Fortuna gas field. The DST achieved a sustained flow rate of 60 MMscfd with a drawdown of less than 20 psi at the reservoir. This rate was surface equipment constrained. Based on the expected operating conditions of the FLNG facility, the well is estimated to have been able to deliver a production rate of c. 180 MMscfd via the 5" drill pipe that was used for the DST. The excellent flow rate, at minimal drawdown, is a strong indication that the number of development wells required for the Fortuna reservoir will be reduced from the seven initially assumed in scoping work, thereby improving development economics. During pre-FEED, this result will be evaluated, in conjunction with the core, to create reservoir models that will then help determine the final number of development wells. The Fortuna field complex has estimated mean recoverable resources of 1.3 TCF and will form the first phase of the FLNG development. This result further de-risks the Miocene turbidite play that forms all of the Block R accumulations. The total estimated mean recoverable resources of Block R, including the discoveries and adjacent de-risked volumes, are now 3.4 TCF. The incremental volumes (1.2 TCF from the Silenus Complex, 0.5 TCF from Tonel and 0.4 TCF from other smaller discoveries) will be produced in the later phases of the development as the Fortuna field comes off plateaux.

Ophir Energy Plc Announces Kamba-1 Discovery and Update on Drilling Programme in Tanzania

Ophir Energy Plc announced the Kamba-1 discovery and an update on its drilling programme in Tanzania. The Kamba-1 well in Block 4 has resulted in gas discoveries of 1.03TCF in the Kamba and Fulusi prospects. BG operates the Block 4 licence and Ophir holds a 20% interest. The well was drilled by the Deepsea Metro I drillship in a water depth of 1,379m to a total depth of 3,969m with the twin objectives of intersecting the Paleocene-aged Fulusi prospect (a northern extension of the earlier Pweza discovery) and the primary target of the Cretaceous-aged Kamba prospect. The Kamba-1 well encountered an 18m gross gas column in the Fulusi prospect and, after sidetracking to test the Kamba prospect, the Kamba-1ST well established another gas column of 140m with high net to gross, good quality, reservoir sands. The well has encountered better quality reservoir sands than prognosed pre-drill and further analysis is expected to confirm discovered volumes somewhat in excess of the pre-drill estimated mean (2C) recoverable resources of 1.03TCF, comprised of 650bcf in Kamba and 380bcf in Fulusi. The Kamba-1 discovery is the Joint Venture's 16th consecutive discovery well in Blocks 1, 3 and 4. This discovery, plus recent volume updates on the earlier discoveries, increased company’s estimate of the total Block 1, 3 and 4 mean (2C) recoverable resource to 17.1TCF. The Kamba-1 result provides critical mass for an LNG train to be supplied from the fields in Block 4 and also takes the overall resource volume to the threshold for a future potential third LNG train to be from Blocks 1 and 4.

Ophir Energy plc Announces Production Update at its Silenus East-1 Well in Block R

Ophir Energy plc announced that the Silenus East-1 well in Block R, Equatorial Guinea has resulted in a new gas discovery. The Silenus East-1 well was drilled by the Vantage Titanium Explorer drillship within the thrust belt area of Block R. A 67m gross gas column was encountered in the primary target with high quality reservoir in line with pre-drill expectations. The well was deepened to test a secondary high risk oil target and encountered high quality, but water-wet, reservoirs with weak oil shows. This play remains of interest to Ophir and will be further evaluated on the Block. The drillship has now moved to complete the Fortuna-2 appraisal well, where Ophir will conduct the first flow test in Block R. The Silenus East-1 well has discovered an estimated mean recoverable 405bcf of gas from the upper and deeper reservoirs and has significantly de-risked a family of similar surrounding prospects such that the total mean recoverable gas in the broader Silenus area including this discovery is now estimated at c.1.2TCF. Following the Silenus East-1 and Tonel North-1 well results, the total estimated mean recoverable resources for Block R, including the discoveries and adjacent derisked volumes, are now 3.4TCF, comprising 1.3TCF from the Fortuna Complex, 1.2TCF from the Silenus Complex, 0.5TCF from Tonel and 0.4TCF from the other smaller discoveries.


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