Market Reaction: Golar making progress at its FLNG project in Cameroon is a slight positive for Ophir as investors are likely to draw parallels with Ophir's FLNG project in EG. We, however, continue believing that Ophir's FLNG project in EG carries a higher technical risk than Perenco's given the difference of maturity (the reservoir at the Perenco field has been in production for years, suggesting very high certainty on reserves and gas composition), infrastructure (mostly already in place a
