Ophir Energy

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Ophir Energy plc
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 $671.7 (2014)[1]
$294.4 million (2014)[1]
$54.8 million (2014)[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]

On 2 March 2015 Ophir Energy's $492 million purchase of Salamander Energy was finalized. [6]

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).[7]

References[edit]

  1. ^ a b c "Preliminary Results 2014". Ophir Energy plc. Retrieved 31 March 2015. 
  2. ^ "Prospectus" (PDF). 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. ^ "Ophir Energy completes acquisition of Salamander Energy". Petro Global News. Retrieved 3 March 2015. 
  7. ^ "Mittal-backed Ophir Energy plans £1bn London listing". The Telegraph. 9 June 2011. Retrieved 2011-09-17. 

External links[edit]