UK 17:16 Thursday, 29 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
A look at the chart for Ophir Energy (OPHR) would hardly inspire you with confidence, but it is true that looks can be deceiving. Recent exploration drilling in Gabon failed to produce anything of note, other than data to re-assess the licenses for possible future work. More than a third has been wiped off of the company’s market cap during the three well exploration programme, despite Ophir pretty much having a free carry for these drills from OMV, plus being paid past costs associated with them. The question now is can the company’s valuation recover from the disappointment?
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