But Credit Suisse has now reduced its target to 60p, on concerns over Ophir's key Fortuna FLNG gas project in Equatorial Guinea and the recent departure of chief executive Nick Cooper. The West African project, to develop a liquefied natural gas scheme, is a core part of Ophir's business. But despite making what Credit Suisse called "good progress" throughout most of 2017, Ophir and its partners in Fortuna FLNG have since encountered "serious problems in trying to raise financing, a key remaining hurdle". Credit Suisse also pointed to reports that the government of Equatorial Guinea had threated to revoke the British company's license if financing is not secured by the end of the year. "We see this deadline as hard to hit," it said, "particularly as Ophir goes through management transition. We are therefore reducing chance of success for the project to 33% from 90%."