StockMarketWire.com - Ophir Energy said Nicholas Cooper has stood down as chief executive to reflect the company's focus on a larger production base. Cooper would leave 'by mutual agreement'after a short handover period and be replaced as interim CEO by director Alan Booth.

'This decision reflects the company's ongoing move to rebalance its portfolio towards a larger production and cash flow base, to support more focused and sustainable exploration activity,' Ophir said.




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