Just realized Ophir, Tap et al have to make a decision whether to continue with the Accra Block in a little over a month. Ophir had another good year 2 successful exploration wells, 4 successful appraisal wells and two duds (incl Starfish-1). Ophir seems to understand the African geology well so if they decide another well is warranted on the Accra block it will be exciting. “Whilst it is disappointing that the first well on this licence has been unsuccessful, our primary reason for farming-in to this acreage was the play potential outboard of the Starfish prospect,” Nick Cooper, CEO of Ophir said.
TAP Price at posting:
48.5¢ Sentiment: Hold Disclosure: Held