February	Formation of Ophir.
May	Entered into a heads of agreement with Mvelaphanda to conclude a strategic alliance and to acquire certain assets, including Mvelaphanda’s interests in the Berbera Block in Somaliland.
October	Issued approximately 24 million shares at £0.25 per share to raise £6.0 million.
	Entered into an exclusivity agreement with Mvelaphanda, Tokyo Sexwale, FIL Resources Limited, Alan Stein and Jonathan Taylor.

2005

March	Entered into four deepwater PSCs in Gabon over the Mbeli Marin, Ntsina Marin, Manga Marin and Gnondo Marin licenses.
July	Conducted rights issue at £0.8125 per share to raise £5.4 million.
October	Entered into Block 1 PSC in Tanzania.
December	Acquired 2D Seismic survey within Block 1 Tanzania.

2006

March	Issued approximately 13.1 million shares at £2.00 per share to raise £26.2 million.
	Entered into Block R PSC offshore Equatorial Guinea.
	Entered into four assurance agreements in the SADR.
	Entered into the Block 3 PSC in the JDZ.
May	Issued a Convertible Bond to raise £38.2 million.
	Issued approximately 19.6 million shares at £2.30 per share to raise £45 million.
	Entered into Marine IX PSC offshore Congo (Brazzaville).
June	Entered into Blocks 3 and 4 PSCs in Tanzania.
August	Acquired 2D Seismic survey within Blocks 3 and 4 offshore Tanzania.
September	Entered into the AGC Profond PSC.

2007

January	Entered into rig sharing agreement for the “West Polaris” drillship.
February	Acquired offshore 2D Seismic survey within the Berbera Block, Somaliland.
	Acquired offshore 2D Seismic within the Mbeli Block, Gabon.
April	Entered into rig sharing agreement for the “Deep Venture” drillship.
August	Entered into Phase II of Ntsina and Manga permits, Gabon.
September	Establishment of Ophir offices in Malabo (Equatorial Guinea) and Port Gentil (Gabon) to assist in Government representation and drilling logistics.
November	Completion of 3D Seismic reprocessing and AVO studies, Gabon.

2008

January	Acquired regional aeromagnetic/gravity data, onshore Somaliland.
February	Issued approximately 4.4 million shares at £2.30 per share to raise £10.2 million.
	Amendment to “West Polaris” Rig Use Agreement to include options over “West Aquarius” semi-submersible drilling rig (conditional upon ExxonMobil securing a contract for its use with Seadrill).
	Extension of Phase I of Mbeli and Gnondo permits, Gabon.
	Acquired 2D Seismic data in Blocks 1, 3 & 4, Tanzania.
March	Acquired 2D Seismic data, offshore Somaliland.
May	Equity Capital Raising of £168 million and conversion of £49 million Convertible Bond