Take Aways: The strategy appears to be very prudent with a focus on chasing only the best opportunities and conserving a lot of cash surplus. Transformational acquisitions do not look to be on the table at this stage. Fortuna FLNG is on track. Ophir does not envisage technical risks to take the project to FID. Current discussions are around sharing the economics between the various partners, which should be covered by the various HoAs. Material exploration activities should start by early 201
10 Mar 2016
NOTES FROM FY15 RESULTS PRESENTATION
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NOTES FROM FY15 RESULTS PRESENTATION
Ophir Energy (OPHR:LON) | 0 0 1.6% | Mkt Cap: 402.5m
- Published:
10 Mar 2016 -
Author:
Stephane Foucaud -
Pages:
4
Take Aways: The strategy appears to be very prudent with a focus on chasing only the best opportunities and conserving a lot of cash surplus. Transformational acquisitions do not look to be on the table at this stage. Fortuna FLNG is on track. Ophir does not envisage technical risks to take the project to FID. Current discussions are around sharing the economics between the various partners, which should be covered by the various HoAs. Material exploration activities should start by early 201