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Ophir Energy, once a prominent independent oil and gas exploration and production company, is no longer publicly traded on major stock exchanges. Consequently, you won’t find a current listing for Ophir Energy on Google Finance or other financial platforms.
Ophir Energy’s history as a publicly traded entity ended in 2019 when it was acquired by Medco Energi Internasional Tbk, an Indonesian oil and gas company. The acquisition effectively delisted Ophir Energy from the London Stock Exchange, where it had traded under the ticker symbol ‘OPHR’.
Previously, when Ophir Energy was listed, Google Finance provided its stock price performance, historical data, news articles, and financial reports. Investors could use Google Finance to track Ophir’s share price fluctuations, monitor its market capitalization, analyze its financial statements (such as income statements, balance sheets, and cash flow statements), and stay informed about company announcements and industry news related to Ophir Energy.
The company’s activities primarily focused on exploration and production in Africa and Southeast Asia. Ophir Energy held interests in several oil and gas projects across these regions, including exploration licenses, development projects, and producing assets. Notably, it had significant stakes in projects located in Equatorial Guinea, Tanzania, and Indonesia. Its exploration efforts often targeted deepwater and frontier areas, reflecting its risk appetite and expertise in challenging environments.
The acquisition by Medco Energi marked a significant turning point for Ophir Energy. Leading up to the acquisition, Ophir faced challenges, including project delays, financing difficulties, and fluctuating commodity prices. A particularly problematic situation involved a proposed liquefied natural gas (LNG) project in Equatorial Guinea, which encountered setbacks and ultimately contributed to the company’s financial strain. These factors made Ophir Energy an attractive acquisition target for Medco Energi, which sought to expand its international portfolio and expertise.
Therefore, while you can no longer find Ophir Energy listed on Google Finance, historical data related to its stock performance prior to the acquisition remains available through other financial data providers and archives. This data can be useful for researchers and investors studying the energy sector or analyzing past market trends. Keep in mind that any information found pertains to Ophir Energy’s operations and financial standing before its acquisition and delisting in 2019. The company, as it existed then, is no longer an independent entity.
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