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Ophir boosts 2018 production following SE Asia purchase

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Ophir Energy’s 2018 production rose abruptly after it bought assets in southeast Asia from Santos, but the exact amount of the increase is subject to interpretation. Ophir’s pro forma production for 2018, which uses the Jan. 1, 2018, effective date for the purchase of the Santos assets, was 29,700 boe/d. But the company’s financial statements, based in IFRS rules, will use the production from the Sept. 6 closing date. Using that date, Ophir’s 2018......
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