Ophir extracts premium pricing for primary ABO

Oil exploration firm Ophir Energy added to a recent 20% run-up in its share price on Wednesday after a big capital raise was priced at a premium. The deal was launched on Wednesday morning with a message that it was already oversubscribed with limited price sensitivity from indications taken during the previous day’s wall-crossing exercise and it was later priced at a 1.4% premium to the previous close.