Здравствуйте. Вся информация этого сайта бесплатна без рекламы. Вы можете сделать пожертвование и поддержать развитие этого сайта. Спасибо.

Hello. This site is free without ads. You can make a donation and support the development of this site. Thank you.

2014-10-27 12:15:00

OPHIR WANTS SALAMANDER: £275 MLN

OPHIR WANTS SALAMANDER: £275 MLN

Gas exploration group Ophir Energy is in talks to buy rival producer and developer Salamander Energy , as it seeks to extend its footprint into Asia.

Ophir was pursuing a deal for Salamander – which owns exploration licences in Indonesia and Thailand – as it represents an attractive way for the group to continue its planned expansion, said people familiar with the discussions. Ophir made its first step in this direction in March, when it won a licence from Myanmar for offshore exploration.

A bid could value Salamander at about £275m, according to reports at the weekend. Salamander declined to comment.

Nick Cooper, chief executive of Ophir, would not comment on the reports, which first appeared in The Sunday Times, but said: "We are excited by the exploration and market opportunities in southeast Asia."

He is familiar with Salamander's business, however, having co-founded the company and held the post of chief financial officer until he left to head Ophir more than three years ago.

Spanish energy company Cepsa, owned by Abu Dhabi investment fund IPIC, has also made an approach to Salamander, said people familiar with the discussions.

Salamander's share price closed on Friday at 80.25p, giving the company a market capitalisation of £207m.

Earlier this year, Salamander began talks to sell a stake in its offshore fields in the Gulf of Thailand to Sona Petroleum, a Malaysian bid vehicle. But the proposed deal has run into difficulty as the oil price has fallen to $86 a barrel, having stood at $115 in June.

Ophir has been seeking deals after withdrawing its approach for larger FTSE 250-rival Premier Oil in April. Its initial merger proposal was rejected by Premier's board.

Last year, Ophir sold a $1.3bn stake in its Tanzanian gasfield to Temasek, Singapore's state investment company.

Shares in Ophir, which concentrates on gas exploration in Africa with work in Equatorial Guinea and in Tanzania, have fallen 38 per cent over the past year. They closed at 202.7p on Friday, giving the company a market capitalisation of £1.2bn.

ft.com

Tags: OPHIR, SALAMANDER, GAS, OIL, PRICE, BARREL,

Chronicle:

OPHIR WANTS SALAMANDER: £275 MLN
November, 24, 09:15:00

SAUDI'S OIL FOR CHINA

BLOOMBERG - As Saudi Arabia led OPEC’s output cuts this year to shrink a global glut, it’s lost out on market share in the world’s biggest energy consumer. Russia in September retained the top Chinese supplier spot for the seventh straight month, while the kingdom was third.

OPHIR WANTS SALAMANDER: £275 MLN
November, 24, 09:10:00

URALS QUALITY WILL DOWN

PLATTS - The quality of Russia's key Urals crude exports towards Europe will continue to fall next year as more of the country's low-sulfur oil flows are diverted eastward to China, Russian national oil pipeline operator Transneft warned.

OPHIR WANTS SALAMANDER: £275 MLN
November, 24, 09:05:00

S.KOREA'S SOLAR UP

FT - OCI — the world’s third-largest polysilicon maker by capacity and South Korea’s biggest — this month reported a 3,373 per cent increase in operating profit to Won78.7bn ($72m) for the July-September quarter, its best performance in five years. Rival Hanwha Chemical saw third-quarter net profit jump 25 per cent to a record Won252bn. 

OPHIR WANTS SALAMANDER: £275 MLN
November, 24, 09:00:00

U.S. RIGS UP 8 TO 923

U.S. Rig Count is up 330 rigs from last year's count of 593, with oil rigs up 273, gas rigs up 58, and miscellaneous rigs down 1 to 0. Canada Rig Count is up 41 rigs from last year's count of 174, with oil rigs up 13, gas rigs up 30, and miscellaneous rigs down 2 to 2.

All Publications »
Exchange Rates
Date: 00:00 00:00
USD 0.00 0.00
EUR 0.00 0.00
GBP 0.00 0.00
UAH 0.00 0.00
ADR bid ask
GAZPROM 0.000.00
LUKOIL 0.00 0.00
ROSNEFT 0.00 0.00
SURGUTNEFTEGAZ 0.000.00
TATNEFT0.00 0.00