Ophir Energy: Proposed Acquisition of Certain Southeast Asian Producing and Exploration Assets From Santos Limited / Results of AGM

Posted by OilVoice Press - OilVoice


On 3 May 2018 Ophir announced the proposed acquisition of a package of Southeast Asian assets from Santos Limited, an Australian listed oil and gas company, for an aggregate cash consideration of $205 million pre-working capital adjustments, subject to certain approvals (the "Transaction").

In connection with the Transaction, Ophir announces that at the general meeting of the Company held today, the resolutions put to the shareholders to approve the Transaction and the Commitment Compensation Payment Arrangements in relation to the Transaction were duly passed on a poll. The results showing the number of votes received for and against both resolutions are shown below.

Full details of the resolutions passed, together with explanatory notes, are set out in the shareholder circular including notice of general meeting dated 3 August 2018 (the "Circular"), which is available on Ophir's website at


Votes For

Votes Against








To approve the Transaction on the terms set out in the Transaction Agreements (as defined in the Circular)








To approve the Commitment Compensation Payment Arrangements on the terms set out in the Transaction Agreements







Both resolutions were proposed as an ordinary resolution.

As at the date of the general meeting, the Company had 746,019,407 ordinary shares in issue. The Company holds 38,883,130 shares in treasury and therefore the number of total voting rights as at the voting record date was 707,136,277. In accordance with the Company's Articles of Association, every member who is present in person or by proxy has one vote for every share held.  The scrutineer of the poll was Equiniti Limited, the Company's Share Registrar.

Note that a "vote withheld" is not a vote in law and have not been included in the calculation of votes "for" and "against" each resolution.  Proxy appointments which gave discretion to the Chairman have been included in the "for" total.

In accordance with Listing Rule 9.6.2, copies of the resolutions will shortly be submitted to the National Storage Mechanism and will be available for inspection at

In accordance with the expected timetable of events set out in the Circular, the expected date of completion in respect of the Producing Assets is Friday, 7 September 2018. Completion in respect of the Exploration Assets is expected to take place in the first half of 2019, subject to certain additional conditions that must be fulfilled prior to completion. Further announcements will be made upon completion of each set of Assets.

Capitalised terms used in this announcement but not otherwise defined herein shall have the same meaning given in the Circular.

Ophir EnergyAcqusitionexplorationAGMSantosAsia

More items from oilvoice

Gazprom: TurkStream Gas Pipeline’s Offshore Section Completed

Today, the Pioneering Spirit pipelaying vessel completed the construction of the offshore section of the  TurkStream  gas pipeline in the Black Sea. Pioneering Spirit pipelaying vessel Enlarged photo (JPG, 4.5 MB) The command to weld the final joint of the gas pipeline's second string ...

OilVoice Press - OilVoice

Posted 6 hours agoPress > GazprompipelineOffshore +3

NPD: Production Figures October 2018

Preliminary production figures for October 2018 show an average daily production of 1 874 000 barrels of oil, NGL and condensate, which is an increase of 271 000 barrels per day compared to September. Total gas sales were 10.6 billion Sm 3 (GSm 3 ), which is an increase of 1.6 GSM 3 from the pr ...

OilVoice Press - OilVoice

Posted 6 hours agoPress > NPDProduction FiguresProduction +2

Equinor is Ready to Invest in Tropical Forest Protection

  Equinor wants to help develop a robust market for private sector, ensuring responsible environmental and social protection of tropical forest. (Photo: Isabella Jusková on Unsplash) Equinor is ready to invest in the protection of tropical forest as soon as a well functioning ...

OilVoice Press - OilVoice

Posted 6 hours agoPress > EquinorEquinor Energy

TMK Announces 3Q and 9M 2018 IFRS Results

PAO TMK (“TMK” or “the Group”), one of the world's leading producers of tubular products for the oil and gas industry, today announces its interim consolidated IFRS financial results for the third quarter of 2018 and nine months ended September 30, 2018. 3Q and 9M 2018 Highlights Financial ...

OilVoice Press - OilVoice

Posted 1 day agoPress > TMKEarningsResults +2

PetroTal Announces Increased Production from Bretaña Field and Provides Operations Update

PetroTal Corp. (“ PetroTal ” or the “ Company ”) (TSX-V: TAL) is pleased to announce that it has successfully increased oil production from theBretaña Norte discovery well (the “Discovery Well” or the “Well”) at the Bretaña field in Block 95, Peru.  The Company is also pleased to provide a further ...

OilVoice Press - OilVoice

Posted 1 day agoPress > PetroTalProductionTSX-V +3
All posts from oilvoice