Ophir Energy

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Ophir Energy plc
Type Public limited company
Traded as LSEOPHR
Industry Oil & Gas exploration
Founded 2004
Headquarters London, United Kingdom
Key people Nicholas Smith (Chairman)
Nicholas Cooper (Chief Executive Officer)
Revenue $nil (2013)[1]
Operating income $(307.5) million (2013)[1]
Net income $(245.8) million (2013)[1]
Website www.ophirenergy.com

Ophir Energy plc (LSEOPHR) is an oil and gas exploration company based in London and operating in Africa. It is a constituent of the FTSE 250 Index.

History[edit]

The company was founded by Alan Stein and Jonathan Taylor in 2004[2] with backing from Tokyo Sexwale.[3] It was first listed on the London Stock Exchange in July 2011.[4] In March 2014, Ophir Energy sold its 20 percent stake in its Tanzanian assets for around $1.2 billion.[5]

Operations[edit]

The company has oil and gas projects in 8 different African countries (Congo, Equatorial Guinea, Gabon, Madagascar, Sahrawi Arab Democratic Republic, Senegal, Somaliland and Tanzania).[6]

References[edit]

  1. ^ a b c "Preliminary Results 2013". Ophir Energy plc. Retrieved 23 March 2014. 
  2. ^ "Prospectus". Ophir Energy. July 2011. Retrieved 2011-09-17. 
  3. ^ Fixer guns for Vodacom Mail and Guardian online, 6 August 2010
  4. ^ "Ophir Energy to Raise $375 Million in IPO for Africa Drilling". Bloomberg. 8 July 2011. Retrieved 2011-09-17. 
  5. ^ Ophir Energy sells stake in Tanzanian assets, Africa: Oil Review Africa, 2014 
  6. ^ "Mittal-backed Ophir Energy plans £1bn London listing". The Telegraph. 9 June 2011. Retrieved 2011-09-17. 

External links[edit]