Ophir Negotiating Exits
Friday, August 15, 2014
Ophir Energy has spent a significant amount of funds on its exploration program across Africa over the past six months or so....
...These are not the first blocks the company has exited over the past year. Following the disappointment of the Starfish-1 well in the Offshore Accra Contract Area in 2013, the company elected not to proceed into the next PSC term after the initial exploration period expired in March. Its Profond Block in the AGC saw 3D seismic conducted in 2013 and while the company said a number of leads and prospects were identified, the PSC is set to expire in September. It saw a number of disappointments in **on recently although it will most likely continue on in the country at this point as its dry hole costs were minimized by its farm outs to Petrobras and OMV.
http://www.petroleumafrica.com/ophir-negotiating-exits/
Ophir Negotiating Exits Friday, August 15, 2014 Ophir Energy has...
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