Annual Report 2010 - Ophir Energy
Annual Report 2010 - Ophir Energy
Annual Report 2010 - Ophir Energy
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Notes to the<br />
Financial Statements<br />
(b) The Parent Company has investments in the following subsidiary undertakings:<br />
Subsidiaries of <strong>Ophir</strong> <strong>Energy</strong> plc<br />
COUNTRY<br />
OF<br />
INCORPORATION<br />
PRINCIPAL<br />
ACTIVITY<br />
CLASS<br />
OF<br />
SHARES<br />
HOLDING<br />
BOOK<br />
VALUE OF<br />
INVESTMENT<br />
<strong>2010</strong> (US$)<br />
BOOK<br />
VALUE OF<br />
INVESTMENT<br />
2009 (US$)<br />
<strong>Ophir</strong> Services Pty Ltd Australia Exploration Ordinary 100% 2 2<br />
<strong>Ophir</strong> Holdings Limited Jersey C.I. Exploration Ordinary 100% 8 8<br />
<strong>Ophir</strong> Asia Limited Jersey C.I. Dormant Ordinary 100% - -<br />
COUNTRY<br />
OF<br />
INCORPORATION<br />
PRINCIPAL<br />
ACTIVITY<br />
CLASS OF<br />
SHARES<br />
10 10<br />
HOLDING<br />
<strong>2010</strong> 2009<br />
59<br />
<strong>Ophir</strong> energy plc | <strong>2010</strong> ANNUAL REPORT<br />
Group accounts | notes to the financial statements<br />
Subsidiaries of <strong>Ophir</strong> Holdings Limited<br />
<strong>Ophir</strong> AGC (Profond) Limited Jersey C.I. Exploration Ordinary 100% 100%<br />
<strong>Ophir</strong> Congo (Marine IX) Limited Jersey C.I. Exploration Ordinary 100% 100%<br />
<strong>Ophir</strong> Equatorial Guinea Holdings Limited Jersey C.I. Exploration Ordinary 100% 100%<br />
<strong>Ophir</strong> Gabon (Gnondo) Limited Jersey C.I. Exploration Ordinary 100% 100%<br />
<strong>Ophir</strong> Gabon (Manga) Limited Jersey C.I. Exploration Ordinary 100% 100%<br />
<strong>Ophir</strong> Gabon (Mbeli) Limited Jersey C.I. Exploration Ordinary 100% 100%<br />
<strong>Ophir</strong> Gabon (Ntsina) Limited Jersey C.I. Exploration Ordinary 100% 100%<br />
<strong>Ophir</strong> JDZ Limited Jersey C.I. Exploration Ordinary 100% 100%<br />
<strong>Ophir</strong> Somaliland (Berbera) Limited Jersey C.I. Exploration Ordinary 100% 100%<br />
<strong>Ophir</strong> Madagascar Limited Jersey C.I. Exploration Ordinary 100% 100%<br />
<strong>Ophir</strong> Tanzania (Block 1) Limited Jersey C.I. Exploration Ordinary 0% 100% a<br />
<strong>Ophir</strong> Tanzania (Block 3) Limited Jersey C.I. Exploration Ordinary 0% 100% a<br />
<strong>Ophir</strong> Tanzania (Block 4) Limited Jersey C.I. Exploration Ordinary 0% 100% a<br />
<strong>Ophir</strong> East Africa Holdings Limited Jersey C.I. Exploration Ordinary 100% 0% b<br />
<strong>Ophir</strong> East Africa (1) Limited Jersey C.I. Inactive Ordinary 100% 100%<br />
Subsidiary of <strong>Ophir</strong> Equatorial Guinea Holdings Limited<br />
<strong>Ophir</strong> Equatorial Guinea (Block R) Limited Jersey C.I. Exploration Ordinary 100% 100%<br />
Subsidiary of <strong>Ophir</strong> JDZ Limited<br />
<strong>Ophir</strong> <strong>Energy</strong> Company Nigeria (JDZ) Limited Nigeria Exploration Ordinary 100% 100%<br />
Subsidiaries of <strong>Ophir</strong> East Africa Holdings Limited (b)<br />
<strong>Ophir</strong> Tanzania (Block 1) Limited Jersey C.I. Exploration Ordinary 100% 0% a<br />
<strong>Ophir</strong> Tanzania (Block 3) Limited Jersey C.I. Exploration Ordinary 100% 0% a<br />
<strong>Ophir</strong> Tanzania (Block 4) Limited Jersey C.I. Exploration Ordinary 100% 0% a<br />
a <strong>Ophir</strong> Tanzania (Block 1) Limited, <strong>Ophir</strong> Tanzania (Block 3) Limited, <strong>Ophir</strong> Tanzania (Block 4) Limited became subsidiaries of <strong>Ophir</strong> East Africa<br />
Holdings Limited during the year.<br />
b <strong>Ophir</strong> East Africa (2) Limited changed its name to <strong>Ophir</strong> East Africa Holdings Limited and acquired the entire share capital of <strong>Ophir</strong> Tanzania<br />
(Block 1) Limited, <strong>Ophir</strong> Tanzania (Block 3) Limited and <strong>Ophir</strong> Tanzania (Block 4) Limited during the year.<br />
All subsidiaries have a functional currency of US Dollars with the exception of <strong>Ophir</strong> Services Pty Ltd which<br />
has an Australian Dollar functional currency.
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