4060 days ago
I spent two years working along Sam Bottell as he worked with minesite.com and oilbarrel.com and he is a good, honest and clever chap. Now that he is starting his career freelance writing as well as an organiser of the UKInvestor Show I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a piece on FTSE 250 listed Ophir Energy. Sam writes...
Ophir (OPHR) Energy is a rare beast among FTSE 250 oil stocks in that it has almost no production and will not have for several years. It is like those junior E&P stocks so beloved of Bulletin Board followers but, at 458p, it is capitalised at £1.927 billion. Having just raised c£525 million net of expenses it is fully funded to carry out a widespread exploration programme until mid-2014 across a number of territories but can you really justify the current price tag?
