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Ophir Energy, hostage to Fortuna

Ophir Energy, hostage to Fortuna

Any illusions that Ophir Energy (OPHR) might one day see production from its Fortuna development evaporated with the publication of these half-year figures. Although the group still has its licence to the liquefied natural gas project offshore Equatorial Guinea, the asset has been impaired by $310m (£239m) to just $300m. A buyer is sought, although the company admits to "uncertainty around the value we can ultimately realise".

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