Shares in Ophir Energy (OPHR) slipped a few per cent lower after the Africa-focused oil and gas explorer announced its frontier Affanga Deep exploration well offshore Gabon was unsuccessful.
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It is the third dry well in a row for Ophir, following the fruitless Padouck Deep and Mlinzi Mbali-1 wells in Gabon and Tanzania earlier this year. The company is now moving the rig to drill the third and final well in the Gabon exploration programme, Okala-1, which will take approximately 40 days to complete.
