Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.
One of the problems for Ophir Energy (OPHR) had always been a lack of any oil and gas production, and income generated from that. But that is no longer the case since the completion of the acquisition of Salamander Energy at the start of the month – via a shares deal that saw an additional 152 million shares issued, taking the total number to 715 million and a market cap of £924 million at the current share price of 129p.
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