Capital Markets Event

Ophir Energy plc

Capital Markets Event

London, 19 October 2011: Ophir Energy plc ("Ophir") is holding a Capital Markets Event for analysts and investors in London today. The event will be hosted by Nick Cooper, CEO and Jon Taylor, Founder Director, with presentations by the operational management team including Mike Fischer, Chief Operating Officer, and Andy Oldham, Exploration Director.

Ophir is an upstream African oil and gas resource company focused on four of the five key emerging sub-Saharan African exploration themes. The company has a 9-13 well drilling campaign over the next 14 months targeting 2.4Bboe of net unrisked resources (circa. 600mmboe net risked) through a mix of proven and frontier plays.

The presentation will provide an update of the portfolio resource potential, which management estimate to total circa. 2.0Bboe of net risked resources relative to the Competent Persons Report calculation at the time of Ophir's IPO of circa. 1.1Bboe. The updated estimates have been driven by the following factors:

·; Interpretation of over 25 additional prospects in Blocks 1, 3 and 4 in Tanzania

·; Circa. 5,000 square kilometers of new 3D seismic data acquired on Blocks 1, 3 and 4 in Tanzania, which has allowed the high graded prospects to be further de-risked

·; Preliminary interpretation of data over the East Pande Block in Tanzania

·; Over 10 new prospects identified in the fore-thrust play system in Block R, Equatorial Guinea

·; Remapped seismic on the pre-salt play in the Mbeli and Ntsina blocks in Gabon

·; Additional prospects identified in the Manga and Gnondo Blocks in Gabon

·; Adjustments following the Kora-1 AGC drilling result

The Company will also provide details on the Q4 2011 and 2012 drilling programme, which now includes 9-13 wells, (up to six in Tanzania; four in Equatorial Guinea; two in Gabon; and one in Madagascar). Capex for the period to the end of 2012, prior to any farm-out agreements, is estimated to be $348m. The current cash position is $410m, such that the Company continues to be fully funded into 2013.

Presentation slides will be available for viewing on the Investor Relations section of the Ophir Energy website (www.ophir-energy.com).

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Further information

Ophir (OPHR.LN) is an Africa-focussed upstream company that listed on the London main board in July 2011. The Company is one of the top five deepwater acreage holders in Africa, with a portfolio of 17 assets in eight African jurisdictions. RPS Energy have assessed that the Company has 189MMboe of net contingent resources and 3.9Bnboe of net unrisked prospective resources.

For further information visit: www.ophir-energy.com