investec - buy 15c, page-2

I like the quote in the previous article:
"Ophir, meanwhile, has a Jubilee-style play in Ghana,"

Starfish spud in Early June 2013!

http://www.ophir-energy.com/media/57783/2013-04-10_operational_update_final.pdf

Ghana Operations:
Accra Block, Starfish-1:
Ophir has awarded a contract for the Stena DrillMAX, Dual Derrick Drillship (Stena) to drill the Starfish Prospect. Starfish-1 will be located in water depths of 1,360m with a target depth of 3,750m and is expected to spud in early June 2013. The well is designed as a play-opener to test a stratigraphic onlap trap to the east of the major Ghanaian discoveries made by Kosmos Energy and Tullow Oil. Ophir management estimates mean prospective resources of 292 MMBOE with a 20% chance of success.

Nick Cooper, CEO of Ophir Energy said:

In addition, Ophir has secured a rig for our operated drilling programme offshore Ghana. The Stena DrillMAX, Dual Derrick Drillship has recently completed a number of efficient and successful wells in Ghana. Drilling Starfish-1 will mark our first well offshore Ghana and Ophir’s tenth operated deepwater well in West Africa.”

Stockanalysis calculates Starfish worth $1 per share to RIA

GLA