Ophir Energy is an upstream oil and gas exploration company which is listed on the London Stock Exchange (FTSE 250). Ophir has one of the largest deepwater acreage positions across East and West Africa. The Company's headquarters are located in London (England) and has operational offices in Perth (Australia), Dar es Salaam and Mtwara (Tanzania), Malabo (Equatorial Guinea), Libreville (Gabon) and Nairobi (Kenya).

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TypePublic
HQLondon, GB
Founded2004
Size (employees)285 (est)-1%
Websiteophir-energy.com
Ophir Energy was founded in 2004 and is headquartered in London, GB
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Key People/Management at Ophir Energy

Tony Rouse

Tony Rouse

CFO
John Bell

John Bell

Director – Asia Operations
Philip Laing

Philip Laing

General Counsel & Company Secretary
Oliver Quinn

Oliver Quinn

Director - Exploration and Africa
Gawain Ross

Gawain Ross

Director - Corporate Risk & Services
Dato Sandroshvili

Dato Sandroshvili

Director - M&A
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Ophir Energy Office Locations

Ophir Energy has an office in London
London, GB (HQ)
123 Victoria St
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Ophir Energy Financials and Metrics

Ophir Energy Revenue

Ophir Energy's revenue was reported to be £136.85 m in FY, 2017
GBP

Revenue (FY, 2017)

136.9m

Gross profit (FY, 2017)

29.7m

Gross profit margin (FY, 2017), %

21.7%

Net income (FY, 2017)

(81.1m)

EBITDA (FY, 2017)

18.5m

EBIT (FY, 2017)

(39.1m)

Cash (31-Dec-2017)

162.4m
GBPFY, 2004FY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

3.6m370.0k339.9k9.5m129.0m77.8m136.9m

Revenue growth, %

(33%)

Cost of goods sold

103.1m69.3m107.1m

Gross profit

25.8m8.5m29.7m
GBPFY, 2004FY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

1.5m17.9m19.8m51.4m81.1m57.4m256.0m135.9m333.2m600.6m492.1m261.6m162.4m

Accounts Receivable

5.2m4.3m6.9m22.0m17.7m15.2m

Inventories

4.5m5.5m5.8m4.0m7.6m17.0m16.4m40.2m33.9m29.5m

Current Assets

1.5m58.6m24.1m79.0m88.6m92.1m265.9m149.2m460.8m836.7m575.8m757.4m655.2m
GBPFY, 2004FY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(264.0k)(630.4k)(7.5m)(14.1m)(84.3b)(26.0m)(12.3m)(12.3m)(24.3m)(161.6m)37.5m(258.2m)(56.2m)(81.1m)

Cash From Operating Activities

247.1k606.0k(4.7m)(17.9m)(6.2m)(8.5m)(14.5m)(17.8m)(9.8m)(7.7m)32.9m(6.5m)78.9m

Cash From Financing Activities

5.7m114.1m8.1k135.4m64.4m637.8240.8m145.0m533.0m(29.0m)(216.4m)(54.9m)(79.0m)

Net Change in Cash

1.3m16.5m2.3m24.5m34.0m(28.9m)198.0m(100.0m)172.8m261.5m(215.1m)(184.6m)(99.2m)
GBPY, 2017

Revenue/Employee

463.9k

Financial Leverage

1.4 x
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Ophir Energy Operating Metrics

FY, 2013FY, 2014FY, 2015

Oil Production Volume, barrels per day

60 k

Oil and Gas Reserves, MMboe

1.26 k1.03 k996
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Ophir Energy Revenue Breakdown

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Ophir Energy revenue breakdown by geographic segment: 100.0% from Asia

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Ophir Energy Online and Social Media Presence

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Ophir Energy News and Updates

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Ophir Energy Blogs

Statement regarding the potential acquisition of Ophir Energy plc (“Ophir”) by PT Medco Energi Global PTE Ltd (“Medco”) (a wholly-owned subsidiary of PT Medco Energi Internasional Tbk).

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) NO 596/2014 (“MAR”). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THE INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN FOR THE PURPOSES OF MAR. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN…

Block R Licence, Equatorial Guinea

We continue to engage with the MMH as well as potential investors in the Fortuna Development.  We expect to receive further communication from the MMH in January concerning either the lapse of the licence or the terms of any extension and will update shareholders as soon as the situation is clarifie…

Increase and extension of Debt Facility

The amortisation schedule has been re-profiled accordingly. Other material commercial terms of the RBL remain unchanged. The increase follows the completion of acquisition of certain Southeast Asian assets from Santos Limited as announced on 6 September 2018. The increased and extended RBL will be s…

Drilling Update

Paus Biru Gas Discovery, Sampang PSC, Indonesia The Paus Biru-1 exploration well has resulted in a gas discovery. The well was drilled to a total measured depth (MD) of 710 metres and encountered 29 metres of estimated net pay within the target Mundu formation carbonate reservoir. A drill stem test …

Half year results for the six months ended 30 June 2018

Alan Booth, Interim CEO of Ophir, commented: “As per the separate strategic update, the Board is rebalancing the company’s portfolio towards a larger Asian production and cash flow base with the aim of building a stable, self-financing E&P company. The recent acquisition of assets from Santos is…

Ophir announces strategic update

Following his appointment as interim CEO in May 2018, and the recently closed Santos production acquisition, Alan Booth and the Board have reviewed and agreed the key next steps to enable Ophir to deliver the inherent value in its asset base and maximise value for shareholders. Ophir, as announced t…
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Ophir Energy Company Life and Culture

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Ophir Energy Frequently Asked Questions

  • When was Ophir Energy founded?

    Ophir Energy was founded in 2004.

  • Who are Ophir Energy key executives?

    Ophir Energy's key executives are Tony Rouse, John Bell and Philip Laing.

  • How many employees does Ophir Energy have?

    Ophir Energy has 285 employees.

  • What is Ophir Energy revenue?

    Latest Ophir Energy annual revenue is £136.9 m.

  • What is Ophir Energy revenue per employee?

    Latest Ophir Energy revenue per employee is £480.2 k.

  • Who are Ophir Energy competitors?

    Competitors of Ophir Energy include Soco International, Enable Midstream Partners and Clean Energy Fuels.

  • Where is Ophir Energy headquarters?

    Ophir Energy headquarters is located at 123 Victoria St, London.

  • Where are Ophir Energy offices?

    Ophir Energy has an office in London.

  • How many offices does Ophir Energy have?

    Ophir Energy has 1 office.