Ophir continues to 'develop at pace'

Ophir Energy's balance sheet has strengthened significantly since the end of the first quarter, helped by the oil and gas group's placing in March.

Ophir Energy's balance sheet has strengthened significantly since the end of the first quarter, helped by the oil and gas group's placing in March.

The closing cash balance at the end of the first three months of 2012 was $323m, but stood at $529m at the end of April.

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