Ophir Welcomes New Managing Director

Ophir announced the appointment of Dr. Nick Cooper to the Board of Ophir as Managing Director.

Dr Cooper began his career as a geophysicist with BG and Amoco in the UK and various international locations. He then spent two
years with the energy team at Booz-Allen & Hamilton, advising on upstream and gas development projects. In 1999, Dr. Cooper
completed an MBA at INSEAD and went on to join the oil and gas team at Goldman Sachs where he held the position of Vice
President. In early 2005 he co-founded and became CFO of Salamander Energy, which has grown from start-up to a FTSE250 constituent.

Ophir’s founding Managing Director, Dr. Alan Stein, will assume the role of Deputy Chairman with a focus upon business development.

Dr. Alan Stein commented, "We are delighted to have Nick join the management team at Ophir. Following on from our recent exploration
successes in Tanzania and previous exploration successes in Equatorial Guinea this is an exciting time for the Company and I am sure Nick will be instrumental in maintaining and accelerating our growth in the months ahead."

Dr. Nick Cooper commented, "I am delighted to have joined Ophir at such an exciting time for the Company with its 11 well exploration and
appraisal drilling campaign coming up over the next 18 months."