Ophir Energy’s shares slide on dry Gabon well March 19, 2014 OPHIR Energy plunged around 20 per cent in early trading yesterday, after the FTSE 250-listed oil and gas explorer said it had failed to find commercial volumes of oil and gas after drilling a well located off Gabon. “The Padouck Deep-1 result is disappointing but its failure appears to be prospect-specific and does not dampen [...]
Ophir Energy ends drilling operations at Gabon well March 19, 2014 Africa-focused oil company Ophir Energy has ended drilling operations at the Padouk Deep-1 well off the coast of Gabon, according to announcement made on Wednesday. The company said "no significant hydrocarbon shows in targeted reservoirs." Ophir said the key pre-drill risk was that of seal and trap integrity. However, Ophir added: Minor shows were interpreted [...]