Ophir Energy falls as resources upgrade disappoints market

It appears the market is unimpressed with Ophir Energy's latest update, despite the company increasing its resource estimates at one of its sites offshore Equatorial Guinea.

It appears the market is unimpressed with Ophir Energy's latest update, despite the company increasing its resource estimates at one of its sites offshore Equatorial Guinea.

The company claims to have had three better-than-expected results in its drilling programme in what is known as "Block R". All three wells drilled exceeded pre-drilling estimates.

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