Response by Ophir Energy: Myanmar Foreign Investment Tracking Project
Ophir Energy is preparing a response and has sent us an initial statement:
By way of an introduction, Ophir Energy plc is an upstream oil and gas exploration company which is listed on the London Stock Exchange (FTSE 250). Ophir has a large portfolio of assets across Africa and Asia. Ophir Myanmar (Block AD-3) Limited, a wholly-owned subsidiary of Ophir Energy plc, owns a 95% operated interest in Block AD-03 offshore Myanmar located in the Rakhine basin.
We refer to your Myanmar Foreign Investment Tracking Project. Ophir is very supportive of this tracking project and is currently in the process of preparing a submission to you. We have delayed a response to this tracking project as Ophir acquired Salamander Energy, an Asia focused oil and gas exploration company, in March 2015 and we are currently in the process of integrating the two companies (including integrating the companies’ policies and procedures). We aim to submit a full submission to you as soon as possible.
Related companies: Ophir Energy