Market Reaction: slightly negative as we were carrying only £0.01 per share for this well in our valuation. With the exploration programme in Thailand having been unsuccessful, the near term performance of the shares is increasingly tied to the fortune of the Fortuna FLNG project.
19 Nov 2015
NO COMMERCIAL DISCOVERY AT EXPLORATION WELL G4/50-11 (THAILAND)
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NO COMMERCIAL DISCOVERY AT EXPLORATION WELL G4/50-11 (THAILAND)
Ophir Energy (OPHR:LON) | 0 0 1.6% | Mkt Cap: 402.5m
- Published:
19 Nov 2015 -
Author:
Stephane Foucaud -
Pages:
2 -
Market Reaction: slightly negative as we were carrying only £0.01 per share for this well in our valuation. With the exploration programme in Thailand having been unsuccessful, the near term performance of the shares is increasingly tied to the fortune of the Fortuna FLNG project.