Ophir reveals Tanzania find

Africa focused oil company Ophir Energy yesterday said it had successfully completed appraisal drilling on three wells in a block offshore Tanzania, and found a “consistent, high-quality” reservoir at the Jodari field. As a result, it has reconfirmed the 3.4 trillion cubic feet recoverable resource estimate. Ophir Energy will now focus its efforts on appraising the Mzia discovery. Shares in the FTSE 250 energy firm closed down 4.17 per cent yesterday at 495p.