Ophir Energy Plc (OPHR)

Ophir Energy Plc (OPHR)

AGM Reports

Ophir Energy (OPHR) AGM 2016

Key points: The company is aiming to become a sustainable oil exploration company that fully funds itself throughout the cycle. The aim is to have a constant budget for exploration throughout the cycle, rather than a pro-cyclical one. If a high oil price results in substantial extra revenues the company would aim to return money to shareholders rather than fritter it away on further (and by definition more marginal) exploration. It has a very clear strategy of focussing only on exploration ...