On 31 December 2018, Ophir Energy plc reported that it is in discussion with PT Medco Energi Global PTE for the later to make a possible cash offer for Ophirâs entire issued share capital. According to Ophir press release, the announcement is not a firm intention to make an offer under Rule 2.7 of the Code. Medco has to announce by 28 January 2019 if it intends or not to make an offer to Ophir.   Ophir holds a 20% interest in Block 04 and Block 01. According to Ophir, gross contingent resources are of 15 Tcf. The licences are operated by BG, now Shell. The project to produce the gas discoveries is at the pre-FEED stage and Ophir expects to enter into the FEED once the acquisition of the LNG site is completed.
 Tanzania Ophir Energy Plc in discussion with PT MEdco Energi Global PTE for a potentiel acquisition. Ophir holds a 20% interest in Block 04 and Block 01.