Ophir Energy
477.6p +75.6p
Questor says HOLD
Yesterday, the oil and gas explorer announced the biggest gas discovery in its history.
Ophir has a drilling programme in Africa. targeting some of the most exciting geology in the exploration sector at the moment. The company has an interest in 17 oil and gas projects in eight different African jurisdictions.
Alongside its partners, Ophir been enjoying considerable success – and the most recent discovery, at the Jodari-1 well, sent the shares soaring by 19pc.
The well, located off the shore of Tanzania, has made a 4.5 trillion cubic feet (tcf) gas discovery.