Ophir Energy issued an Interim Management Statement and Operational Update for the period 1 July 2012 to 30 September 2012.
Corporate Highlights since 1 July 2012
Ophir Energy has achieved significant operational milestones, including:
Tanzania
Kenya
Ophir Energy has commenced the third 3D seismic acquisition programme including two blocks in Kenya:
Nick Cooper, CEO of Ophir Energy commented: “Ophir has made significant progress in the past quarter. In Tanzania, recent well results and new seismic coverage have identified new, game-changing prospectivity. Mapping of Blocks 1 and 7 is on-going, with significant new prospects mapped within recent weeks. In Equatorial Guinea we have increased our gas resource and are now targeting a single train of LNG supplied by Block R gas.
“We are excited about our upcoming 2013 exploration programme. The continued processing and interpretation of the large volume of 3D seismic data Ophir acquired in 2012, combined with the 12-15 well drilling programme targeting net risked prospective resource of 1.0 billion barrels of oil equivalent has the potential to make 2013 another transformational year.”
[mappress] LNG World News Staff, November 15, 2012; Image: Ophir