Ophir Energy announced its preliminary results for the full year ended 31 December 2012.
2012 Financial and Corporate Events
2012 Operational Milestones
Key Operational Events
Tanzania
Kenya
Gabon
Equatorial Guinea
Ghana
Nick Cooper, CEO of Ophir Energy commented: “2012 has been a successful year for Ophir Energy. The group achieved a 100 per cent success rate with the drill bit across six exploration and two appraisal wells, reaffirming Ophir’s reputation as a leading explorer in Africa.
“The Group’s strategy is to focus on significant, operated equity positions in plays with substantial running room, to fund extensive 3D seismic acquisition, and to partner with leading oil companies to deliver high impact, deepwater drilling programmes.
“We have made good progress over the past year. Ophir is now the sixth largest net acreage holder offshore Africa and has acquired ten 3D seismic programmes in 2012. The Group’s 2012 drilling discovered ca. 896 MMBOE of net contingent resources during the year and the Group’s total discovered resources increased 377% in 2012 to an estimate 1.106 BBOE at year end.
“2013 has the potential to be another exciting year for Ophir, with a 10+ well drilling programme that has the potential to transform the portfolio again.”
[mappress] LNG World News Staff, March 05, 2013; Image: Ophir