BarleyBaron
15 May 2018
Re: a close above 62 G'day Ob1. Just got my computers back on line after frying every circuit breaker in my house. Going off grid is great until you get a surge, sorted now though. Was perplexed by your ' So for Ophir if we stay range bound 52-65 for a while and then break out. i'll engage.' We have been in that range now for more than 4 months and you would like to see us bounce around a bit longer. Why ? Do we need to, is that a pre curser for our next leg up. I enjoy your and shot's analysis (nothing like a bit of TA dirty talk). Still learning and starting to enjoy looking at charts but I'm that busy now I never have enough time to really get stuck in. News does not seem to shift OPH's sp at all now even though we produce and are acquiring assets. On a TA viewpoint, what's going to push us through to a breakout and what's your new range once we do. IF we do.I'm off to Accra shortly to look at some big machines, would be nice to see some movement here before I go, but I am not holding my breath. We really need to get that drill-bit turning again and sign that 'monkey on our back finance deal'.You well.Baron.
onedb1
15 May 2018
Re: a close above 62 Not sure the type of strategy you follow Shotry but I like the chart a lot more if we saw a bit of consolidation phase . say 1 to 3 months bouncing in a rectangle . We may be in that phase now Then depending on the length and height I like a clear break with RSI 55-65 . Followed by good volume / Well seeing that too. The Rockhopper breakout or the many from the cup and handle ( bottom of the cup ) in Premier . Cairn Tullow , Shell BP etc etc are the ones I love the most . Quite a few in other sectors am watching at the moment So for Ophir if we stay range bound 52-65 for a while and then break out , I'll engage . Your long may have merit though , the tough bit of trading this way as that sometimes you will follow a wrong breakout (but you have to) . At least a stop loss is easy to place and will cost little just under old resistance . All the best and hopefully this is the good breakout
Shotry
15 May 2018
Re: a close above 62 Got to 65 and exceeded. I was optimistic timewise, but the daily now gives a 123 pattern activation in my view. Basically possible bottom (51 ish), high (64.75/65; closing prices only), higher low (51.15ish) and now a higher high at 65.4ish (bear in mind price must close above 64.8 to validate this otherwise the activation requires a close over the intraday high on March 13th at 65.8ish. Anyway, in brief, possibly a bit early I've re-entered long (small position)
onedb1
14 May 2018
Re: RNS EG Farm out Looking at this as hopefully the down trend has found a base . IF this is correct it enters one of my fav patterns to follow , Lets see
PDMSlad
14 May 2018
RNS EG Farm out 14 May 2018Ophir Energy plc("Ophir"
Farm-out of EG-24 exploration licence Ophir announces that it has entered into a farm-out agreement with Kosmos Energy ("Kosmos" covering the EG-24 exploration licence in Equatorial Guinea. Under the terms of the agreement, Kosmos will acquire a 40% non-operated interest in Block EG-24. In consideration Kosmos will fully carry Ophir for the cost of a block-wide 3D seismic survey, during the 1st exploration period of the licence. Furthermore Kosmos will partially carry Ophir for the cost of a well if the partners subsequently elect to drill a well in the 2nd period of the licence. Kosmos will also pay its pro-rata share of past costs. Commencement of the seismic operations conducted by Shearwater is scheduled to begin 14th May 2018 using the Polar Marquis vessel. Completion of this transaction is conditional on approval by the Government of Equatorial Guinea. GEPetrol has a 20% carried interest in the EG-24 licence. Nick Cooper, CEO, commented: "Kosmos is a logical partner for us in EG-24 as its team have considerable prior experience of the Rio Muni Basin. Kosmos now operates the adjacent exploration blocks (W, S & EG-21) as well as retains a 50% interest in Kosmos-Trident Equatorial Guinea Inc., which operates the neighbouring Ceiba and Okume oil fields, which are up-dip from Block EG-24 and can offer infrastructure tie-backs if required. The farm-out reduces Ophir's risk capital commitment and increases our monetisation options in line with our disciplined exploration strategy."
More4us
05 Jun 2017
Equatorial Guinea WINNER CLONToday 20:59Equatorial Guinea Ronda Winners Announced at AOP [link] • H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, announced the winners at the second annual Africa Oil & Power conference on Monday. • Winners included companies that currently operate in the country, such as Ophir Energy, as well as new entrants, including Clontarf Energy and Offshore Equator Plc. • Negotiations on contracts are set to begin June 19, 2017 Cape Town, June 05, 2017 — The seven winners of the EG Rhonda 2016 Licensing Round were announced Monday by H.E. Gabriel Mbaga Obiang Lima, the Minister of Mines and Hydrocarbons of Equatorial Guinea at Africa Oil & Power, one year after the Ronda was initially launched. Out of a total of 23 companies expressing interest in the licensing round since the EG Ronda opened in June 2016 at the inaugural Africa Oil & Power event, 12 companies submitted official bids for the EG Ronda. Of those, just seven companies have advanced to negotiations, which are set to begin June 19, 2017. “Some of the companies are majors, some are minors, but the important thing is that they are companies dedicated and willing to do exploration and that is the thing that needs to be done,†said H.E. Gabriel Mbaga Obiang Lima at the conference. Winners are: • Ophir Energy for Block EG-24 • Offshore Equator PLC for Block EG-23 • Clontarf Energy for Block EG-18 • Elenilto for Block EG-09 • Taleveras for Block EG-07 • Atlas Petroleum and Strategic Fuel Fund for Block EG-10 • ExxonMobil for Block EG-11 (Direct Negotiation) Also Monday, the Minister announced that the government has already signed a new production sharing agreement with ExxonMobil for Block EG-11, which is contiguous to their Zafiro oil field. The closing of the licensing round was extended to April 28, 2017, due to heightened interest from investors. Production Sharing Contracts should be signed by Sept. 15 and ratified before the end of the year. The round included 17 blocks, both offshore and onshore blocks, as well as unexplored acreages. The results come after Equatorial Guinea took the Ronda on a global roadshow to attract international investments, with government officials making stops in London, Singapore and Abu Dhabi. The Ministry also provided extensions of one month to Total and Lukoil to complete discussions on awarding potential licenses. Equatorial Guinea first started producing in 1991, when the Alba field came online, quickly followed by the Zafiro oil field in 1995. Now, the country produces an average of 342,000 barrels of oil equivalent per day. Production Sharing Contracts in Equatorial Guinea can either be awarded via competitive international tender or direct negotiation, with exploratio
dotlink
23 Feb 2016
with 0% shorts since 22nd jan, RSI being oversold, volume is increasing, and as long as the MACD still rising we should see around 90p soon IMHO
dotlink
23 Feb 2016
MACD is rising, sp will rocket to 90p in the next few days, ophr is a late riser 
dotlink
23 Feb 2016
with brent around $34-35 which is the same as on between 26th jan to 6th feb the sp of ophr should be around 90p, sepl have rallied from 60's to mid 80's and all other oilies rallied today and all last week except for ophr
dotlink
18 Feb 2016
0 trade is that a signal that selling is over or sp can now rise?
dotlink
17 Feb 2016
slow riser? ophr sp should be nearer to CNE and SIA as their sp used to be about the same range, even SEPL sp increased from around 50's to 80's
dotlink
17 Feb 2016
added a few more yesterday and got an average of 90p
dotlink
09 Dec 2014
can sp go lower? you bet, the shorters
