Interim Management Statement

Ophir Energy plc

Interim Management Statement - November 2013

London, 14 November 2013: Ophir Energy plc ("Ophir" or "the Company") provides an Interim Management Statement and Operational Update for the period 16 August 2013 to 14 November 2013.

Corporate Highlights

· Announced the sale today of a 20% interest in Blocks 1,3 and 4 Tanzania to Pavilion Energy for a maximum consideration of US$1,288mn. Completion expected in Q1 2014

· Net cash balances of US$749.8mn at the end of September

· Near-term appraisal activities in Tanzania concluded after successful completion of Pweza drilling campaign and production testing together with the Mzia-3 well

· Secured a rig for the 2014 West African operated multi-well drilling programme commencing in Gabon in February 2014

· In line with the Group's focus on core assets, Ophir has continued to focus on portfolio rationalisation, which has resulted in:

- An exit from the Marine IX Block in Congo Brazzaville;

- The announcement of the intention to relinquish Ophir's interest and operatorship in the Marovoay Block in Madagascar;

- A reduction in Ophir's stake in the Berbera Blocks SL9 and SL12 in Somaliland from 75% to 25%, by entering into a farm-down agreement which includes a carry of Ophir's remaining 25% share in a planned seismic programme.

Key Operational Events

Tanzania

· In August, Ophir announced the successful completion of the Pweza-2 appraisal well in Block 4 - the well intersected 20m of net pay with excellent reservoir quality which allowed Ophir to confirm gross resource estimates for the Pweza field of c.1.7TCF

· At Pweza-3, Ophir encountered 61m of gross pay which was in-line with the pre-drill prognosis. A drill-stem test (DST) achieved an equipment constrained flow-rate of 57mmscfd with an implied flow-rate estimated to be in excess of 150mmscfd

· These results confirm that reservoir deliverability in Block 4 is comparable to that seen from the discoveries in Block 1 which is likely to lead to a reduction in the number of production wells and lower development costs

· In November, the Company announced the success of the Mzia-3 appraisal well which intersected gas at a deeper level than was previously seen in the Mzia-1 and Mzia-2 wells. This has resulted in recoverable resources on the Mzia discovery increasing by c.0.7 TCF to c.5.2 TCF

· Operator BG Group announced they had submitted a proposal for the onshore LNG plant site to the Government of Tanzania on behalf of the Blocks 1, 3 and 4 JV and Block 2 partners

· Preparations are underway to drill the high-impact Mlinzi Mbali-1 well in Block 7 which is due to spud during the second half of November.

West Africa

· Secured a rig for the 2014 operated multi-well drilling programme expected to commence in February 2014 in Gabon with drilling of the c 1.0 bnbbl pre-salt Padouck Deep prospect on the Ntsina Block

· Ophir has been provisionally allocated a number of Blocks in the current deepwater licensing round in Gabon. The award of these Blocks is subject to the successful conclusion of PSC negotiations which are ongoing

· Progress continues to be made on the development solution for commercialising Ophir's proven gas resources in Equatorial Guinea with FLNG increasingly likely to be the preferred option.

Nick Cooper, CEO of Ophir Energy plc commented:

"The last three months has been another active period for the Company both corporately and operationally. We are pleased to announce today the part sale of our interests in Blocks 1, 3 and 4 Tanzania where appraisal activities have increased resource estimates and further derisked the commercial value of the potential development.

We are about to enter a period of significant high-impact drilling that could be transformational for the Company on success. This starts shortly with the Mlinzi Mbali-1 in Block 7, Tanzania and continues in Gabon with Padouck Deep, the first well on the pre-salt play, in Q1 2014 with further drilling planned during 2014."

Ends

For Further Enquiries please contact:

Ophir Energy plc +44 (0)20 7290 5800

Nick Cooper, CEO

Richard Rose, Corporate Communications and Strategy

Brunswick Group +44 (0)20 7404 5959

Patrick Handley

Elizabeth Adams

Notes to Editors

Ophir Energy (OPHR.LN) is an African focused, upstream oil and gas exploration company which is listed on the London Stock Exchange (FTSE 250). Ophir has an extensive deepwater acreage position in West and East Africa acquired since its foundation in 2004.

The Group's headquarters are located in London (England), with operational offices in Perth (Australia), Dar es Salaam and Mtwara (Tanzania), Malabo (Equatorial Guinea), Libreville (Gabon), Nairobi (Kenya) and Accra (Ghana).

For further information on Ophir, please refer to www.ophir-energy.com