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Oil & Gas

Ophir in funding bid

UK-based oil and gas explorer Ophir Energy is asking shareholders for more than £550million to fund drilling projects in east Africa.
By Rita Brown
05/03/2013, 12:00 am Updated: 05/03/2013, 7:41 am
Ophir in funding bid
UK-based oil and gas explorer Ophir Energy is asking shareholders for more than £550million to fund drilling projects in east Africa.

UK-based oil and gas explorer Ophir Energy is asking shareholders for more than £550million to fund drilling projects in east Africa.

The company said proceeds from a placing and rights issue would beef up its drilling programme in Tanzania, Kenya and Gabon and help it buy more assets for its portfolio.

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