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Ophir on tenterhooks over Fortuna block extension

London-listed player says it 'continues to engage the ministry of Equatorial Guinea as well as potential investors in the Fortuna development'

London-listed Ophir Energy said on Monday it is "still awaiting a response" from Equatorial Guinea's Ministry of Mines and Hydrocarbons regarding a proposed extension of its Block R licence, located in the deep waters southwest of Bioko Island.

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Block-R hosts the Fortuna gas field where a floating LNG scheme is planned.

In a statement, Ophir insisted it "continues to engage the ministry as well as potential investors in the Fortuna development; we expect to receive further communication in January concerning either the lapse of the licence or the terms of any extension and will update shareholders as soon as the situation is clarified."

Ophir said it is proactively evaluating all options available.

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