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History

Key events in the Company's history are summarised below.

April

Completed the acquisition of a 75% operated interest in Blocks PEC-5B/1 and PEC-5B/2 in the Seychelles.

March

  • Completed the sale of a 20% stake in Blocks 1, 3 and 4 in Tanzania to Pavilion Energy for US$1.29bn

2014

December

  • Announced a comprehensive farm-down of our Gabonese acreage to OMV (subject to Government approval)

November

  • Announced the sale of a 20% stake in Blocks 1, 3 and 4 in Tanzania to Pavilion Energy for US$1.29bn (subject to Government approval)

October

  • Successful Pweza appraisal campaign including flow-test.

July

  • Drilled Mkizi-1, Block 1 and Ngisi-1 Block 4, Tanzania. Both gas discoveries. Block 4 resources upgraded taking cumulative gross resource in Tanzania Blocks 1, 3 and 4 to c15 TCF.

May

  • Successful Mzia flow-test exceeding expectations and increased recoverable resource estimates.

May

  • Extension to Deepsea Metro I Drillship contract for a further 18 months.

March

  • Placing and Rights Issue to raise US$832.7mn

March

  • Successful Jodari flow-test and increased recoverable resource estimates.

2013

December

  • Acquired an interest in offshore Accra Contract Area, Ghana

September

  • Drilled Fortuna West-1, Block R, Equatorial Guinea. Gas discovery

August

  • Drilled Papa-1, Block 3, Tanzania. Gas discovery
  • Drilled Fortuna East-1, Block R, Equatorial Guinea. Gas discovery

July

  • Drilled Tonel-1 (R-4), Block R, Equatorial Guinea. Gas discovery

May

  • Drilled Mzia-1, Block 1, Tanzania. Gas discovery

March

  • Drilled Jodari-1, Block 1, Tanzania. Gas discovery
  • Placing of 30.5 million new ordinary shares at a price of 495p

February

  • Scheme sanctioned by Supreme Court of Bermuda and Ophir becomes sole shareholder of Dominion

January

  • Commencement of 2012 drilling programme in Tanzania with the drillship Odfjell Metro-1

2012

December

  • Scheme of Arrangement approved by Dominion's shareholders ("Scheme")

October

  • Ophir submits an offer for Dominion Petroleum Limited ("Dominion")
  • Amendment and expansion of the Block R PSC in Equatorial Guinea which includes two additional gas discoveries and several new prospects

September

  • Transfer of operatorship in East Pande Block, Tanzania from RAKGas Tanzania to Ophir

July

  • Initial Public Offering on the Main Market of the London Stock Exchange, raising net proceeds of approximately US$352 million
  • Drilled Kora-1, Profond Block, offshore AGC in 2,620m of water to a depth of 4,480m. No significant oil or gas was discovered

July

  • Transfer of Operatorship in Blocks 1, 3 and 4, Tanzania to BG
  • Entry into the Multi-User Facilities Agreement in respect of the Mtwara port facilities

June

  • Farm out deal with Noble Energy Inc ("Noble Energy") for 30 per cent interest in AGC Profond Block
  • Farm out deal with Petrobras Participaciones S.L. ("Petrobras Participaciones") for 50 per cent interest in Mbeli and Ntsina Blocks, Gabon

April

  • Drilled Chaza, Block 1, Tanzania. Gas discovery

March

  • Withdrawal from the Block 3 PSC, JDZ
  • Farm out deal on AGC Profond with FAR Limited ("FAR")

March

  • Acquired option to farm in on Senegal Sangomar Offshore, Rufisque Offshore and Sangomar Deep Offshore block
  • Farm in deal with Ras Al Khaimah Gas Tanzania Limited ("RAKGas Tanzania") for 70 per cent interest in the East Pande Block, onshore/offshore Tanzania

2011

December

  • Drilled Chewa-1, Block 4, Tanzania. Gas discovery

October

  • Drilled Pweza-1, Block 4, Tanzania. Gas discovery

July

  • Acquired an interest in the Marovoay Block 2102, PSC, Madagascar

June

  • Farm out deal on Blocks 1, 3 and 4, Tanzania, with BG International Limited ("BG")

May

  • Entered into agreements with the Government of Tanzania and TPDC granting rights to exploit any natural gas in Blocks 1, 3 and 4, Tanzania

February

  • Acquired operatorship of the Mtwara Drilling Support Base

2010

October

  • Drilled Lemba-1, Block 3, JDZ. Sub-commercial gas discovery

2009

December

  • Drilled Lykos-1, Block R PSC, offshore Equatorial Guinea in 1,536m of water to a depth of 2,297m. Gas discovery

November

  • Drilled Fortuna-1, Block R PSC, offshore Equatorial Guinea in 1,691m of water to a depth of 3,400m. Gas discovery

October

  • Drilled Ngollon-1, Manga PSC, offshore Gabon in 1,422m of water to a depth of 2,845m. No significant oil and gas discovered.
  • Drilled Bythos-1, Block R PSC, offshore Equatorial Guinea in 1,716m of water to a depth of 4,222m. No significant oil and gas discovered

September

  • Drilled Frake Noir-1, Ntsina PSC, offshore Gabon in 635m of water to a depth of 2,302m. No significant oil and gas discovered
  • Farm out deal on AGC Profond with Rocksource S.A

2008

September

  • Establishment of Ophir offices in Malabo (Equatorial Guinea) and Port Gentil (Gabon)

2007

September

  • Entered into the AGC Profond PSC

June

  • Entered into Blocks 3 and 4 PSAs in Tanzania

May

  • Entered into Marine IX PSC offshore Congo (Brazzaville)

March

  • Entered into Block R PSC in Equatorial Guinea
  • Entered into four Assurance Agreements in the SADR
  • Entered into the Block 3 PSC in Nigeria-São Tomé e Principe JDZ (the "JDZ")

2006

October

  • Entered into Block 1 PSA in Tanzania

March

  • Entered into four deepwater PSCs in Gabon over the Mbeli Marin, Ntsina Marin, Manga Marin and Gnondo Marin licences

2005

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

February

  • Formation of Ophir

2004