Ophir Energy Plc Fortuna Update (8771P)
31 Mai 2018 - 2:26PM
UK Regulatory
TIDMOPHR
RNS Number : 8771P
Ophir Energy Plc
31 May 2018
31 May 2018
Ophir Energy plc
("Ophir")
Fortuna Update
We note the announcement by Golar LNG Partners' regarding the
dissolution of its OneLNG joint venture with Schlumberger. Whilst
it is disappointing that Schlumberger will no longer be part of the
partnership group, Golar and Ophir remain actively engaged in
senior level discussions with a number of counterparties over a
financing solution for the project.
Furthermore, as part of Ophir's contingency planning for the
project, Ophir has already held informal discussions with other,
well-capitalised, potential partners for our Fortuna project.
Following the announcement re. OneLNG we have now formalised
discussions and are actively moving forward with them.
Ophir remains focused on maximising value creation for
shareholders from the monetisation of the Fortuna discovery.
We will update the market further as and when appropriate.
For further enquiries please contact:
Ophir Energy plc + 44 (0) 20 7811 2400
Geoff Callow, Head of IR and Corporate Communications
Brunswick (PR Adviser to Ophir) +44 (0)20 7404 5959
Patrick Handley
Wendel Verbeek
About Ophir:
Ophir Energy is an independent Upstream oil and gas exploration
and production company. It is listed on the London Stock Exchange
(LEI: 213800LAZOZTKPAV258).
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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