Exercise of over-allotment option

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN

Ophir Energy plc

("Ophir" or the "Company")

Ophir Energy plc announces exercise of over-allotment option

London, 09 August 2011: Ophir announces that, in connection with its initial public offering of ordinary shares (the "Global Offer"), Credit Suisse Securities (Europe) Limited, as stabilising manager, on 5 August 2011 exercised the over-allotment option in respect of 2,216,546 ordinary shares in the Company (the "Over-allotment Shares").

The Over-allotment Shares will be issued at the offer price of 250 pence per Over-allotment Share (the "Offer Price"), raising additional gross proceeds for the Company of US$8.9 million.

Including the exercise of the over-allotment option, the total size of the Global Offer was US$383.9 million (96,083,880 ordinary shares, in total representing approximately 30.1 per cent of the 319,480,862 issued ordinary shares of the Company following admission of its ordinary shares to trading on the London Stock Exchange on 13 July 2011).

Following the issue of the Over-allotment Shares, the total number of shares in issue will be 321,697,408.

- End -

For further information on Ophir please call:

Ophir Energy plc c/- FD +44 (0)20 7831 3113

Nick Cooper

Financial Dynamics (FD) +44 (0)20 7831 3113

Billy Clegg/Edward Westropp

DISCLAIMERS

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America (including its territories and possessions, any State of the United States and the District of Columbia), Australia, Canada or Japan. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement is for information purposes only and does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, Ordinary Shares to any person in the United States, Australia, Canada, South Africa or Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful.

The ordinary shares referred to herein may not be offered or sold in the United States of America unless registered under the US Securities Act of 1933 (the "US Securities Act") or offered in a transaction exempt from, or not subject to, the registration requirements of the US Securities Act. Any offer and sale of ordinary shares referred to herein has not been and will not be registered under the US Securities Act or under the applicable securities laws of Australia, Canada, South Africa or Japan. There will be no public offer of the ordinary shares in the United States of America, Australia, Canada, South Africa or Japan. Subject to certain exceptions, the ordinary shares referred to herein may not be offered or sold in Australia, Canada, South Africa or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada, South Africa or Japan.