Breaking US GDP shrunk in the first quarter in the first pullback in 3 years Munich - Delayed Quote • EUR BW Energy Ltd (6BW.MU) Follow Add holdings 2.3300 -0.0100 (-0.43%) As of 8:04:26 AM GMT+2. Market Open. All News Press Releases SEC Filings RECONAFRICA ANNOUNCES ANNUAL FILINGS AND CORPORATE UPDATE Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces the filing of annual disclosure documents for the nine-month period ended December 31, 2024, including the audited consolidated financial statements, Management's Discussion and Analysis ("MD&A"), Annual Information Form ("AIF"), statement of reserves data and other oil and gas information under National Instrument 51-101 ("NI 51-101 Report"), and updated report of OTC Markets Group Welcomes BW Energy Limited to OTCQX NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced BW Energy Limited (Oslo Bors: BWE; OTCQX: BWERY, BWEFF), a growth-focused oil and gas company, has qualified to trade on the OTCQX® Best Market. BW Energy Limited upgraded to OTCQX from the Pink® market. BW Energy Limited begins trading today on OTCQX under the symbols “BWERY” and “BWEFF.” U.S. investors can find cu BW Energy: OTC Markets Group Welcomes BW Energy Limited to OTCQX OTC Markets Group Welcomes BW Energy Limited to OTCQX NEW YORK – OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced BW Energy Limited (Oslo Bors: BWE; OTCQX: BWERY, BWEFF), a growth-focused oil and gas company, has qualified to trade on the OTCQX® Best Market. BW Energy Limited upgraded to OTCQX from the Pink® market. BW Energy Limited begins trading today on OTCQX under the symbols “BWERY” and “BWEFF.” U.S. i BW Energy: Invitation to Q1 2025 results presentation in Oslo on 5 May Invitation to Q1 2025 results presentation in Oslo on 5 May BW Energy will release its first quarter 2025 results on Monday, 5 May at 07:30 CEST. The Company will hold a presentation followed by Q&A at Hotel Continental in Oslo, Norway, on the same day at 09:30 CEST. The presentation will include an extended review of optimisation and development projects in Brazil. It will be hosted by CEO Carl K. Arnet, CFO Brice Morlot, CSO Thomas Young, CTO Jerome Bertheau and CCO Thomas Kolanski. You can al BW Energy: Appraisal well confirms potential for future Bourdon development cluster BW Energy is pleased to announce that second sidetrack DBM-1 ST2 well has confirmed the substantial oil discovery with good reservoir and fluid quality of the Bourdon prospect in the Dussafu Licence offshore Gabon, announced on 7 March 2025. Management estimates indicate 56 million barrels oil in place of which approximately 25 million barrels are considered recoverable. “The appraisal well confirms the potential for establishing a new development cluster with a production facility following the BW Energy: Q1 2025 operational update Q1 2025 operational update BW Energy will publish financial figures for Q1 2025 and host a presentation at Hotel Continental, Oslo, on Monday, 5 May 2025. Net production to BW Energy was 3.2 million barrels of oil (mmbbls) in Q1 2025, equal to 36,000 bbls per day, from the Dussafu licence in Gabon (73.5% working interest) and the Golfinho field (100% working interest) in Brazil. Volume (mmbbls)Q1 2025Q4 2024Net Production3.23.1Dussafu2.62.5Golfinho0.70.6 Net volume sold3.73.2Dussafu*3.22.7Golfin BW Energy: Makes Final Investment Decision for the Golfinho Boost project in Brazil BW Energy makes Final Investment Decision for the Golfinho Boost project in Brazil BW Energy is pleased to announce final investment decision (FID) for the Golfinho Boost project, aiming to increase uptime, reduce operating expenses and add approximately 3,000 barrels per day of incremental oil production from 2027 at the Golfinho field offshore Brazil. The project includes multiple measures aimed at boosting production efficiency and increasing recoverable reserves by approximately 12 million b BW Energy: granted extension to the Golfinho licence production phase to 2042 by ANP BW Energy granted extension to the Golfinho licence production phase to 2042 by ANP BW Energy is pleased to announce the extension of the Golfinho licence by Brazilian oil and gas regulator ANP. The production phase under the Golfinho concession contract has been extended to 2042 from previously 2031, following ANP’s approval of the Company’s field development plan in November 2024. "The extension supports our long-term plans for developing the Golfinho field, initially through improved operatio BW Energy: Enters into new increased Reserve Based Lending facility BW Energy enters into new increased Reserve Based Lending facility BW Energy is pleased to announce an up to USD 500 million Reserve Based Lending (RBL) facility. The new facility replaces the USD 200 million RBL from 2022, which was increased to USD 300 million in 2023. The funds will be used together with cash-flow from operations to finance the further development of the Company. The facility has an initial commitment of USD 400 million, which can be expanded with an additional USD 100 millio BW Energy: Issuance of shares Issuance of shares Reference is made to the stock exchange announcement published earlier today by BW Energy Limited ("BW Energy" or the "Company") regarding the settlement of RSUs by issuance of shares in the Company in order to settle RSUs under BW Energy's Long Term Incentive Program (LTIP). Following the issuance of shares, there are 258,066,021 issued shares in the Company, each with a nominal value of USD 0.01, all of which have been validly and legally issued and fully paid. For further i BW Energy: Mandatory Notification of Trade - Exercise of existing Restricted Share Units (RSUs) Mandatory Notification of Trade - Exercise of existing Restricted Share Units (RSUs) Under BW Energy Limited's ("BW Energy" or the "Company") Long Term Incentive Program (LTIP), 71,721 RSUs from the prior years' grants have been vested and exercised. In accordance with the terms and conditions of the RSUs, the Board of Directors has decided to settle the RSUs by issuing shares to the RSU holders. Each RSU gives a right to acquire one share in the Company at a subscription price equal to the nomi BW Energy: Substantial oil discovery made on the Bourdon prospect Substantial oil discovery made on the Bourdon prospect BW Energy is pleased to announce a substantial oil discovery with good reservoir quality on the Bourdon prospect in the Dussafu Licence offshore Gabon. Evaluation of logging data and formation pressure measurements confirm approximately 34 metres of pay in an overall hydrocarbon column of 45 metres in the Gamba formation, making it the largest hydrocarbon column discovered to date in the Dussafu licence. The well was drilled by the Norve jac BW Energy Limited: Annual report 2024 Annual report 2024 BW Energy today published its annual report for the financial year ended 31 December 2024. BW Energy also published the Board-approved report on payments to governments and the annual statement of reserves for 2024. Please find the reports attached. The reports are also available at: www.bwenergy.no/investors/reports-and-presentations For further information, please contact: Brice Morlot, CFO BW Energy, +33.7.81.11.41.16 ir@bwenergy.com About BW Energy: BW Energy is a growth E BW Energy: Fourth Quarter Results 2024 BW ENERGY FOURTH QUARTER RESULTS 2024 HIGHLIGHTS• Record Q4 EBITDA of USD 141.6 million, net profit of USD 56.8 million• Full-year revenue of USD 0.8 billion (+57%), EBITDA of USD 457.4 million (+90%) and net profit of USD 165.9 million (+105%)• Operational cash-flow of USD 117.7 million in the quarter• Q4 gross production of 4.0 mmbbls with 3.1 mmbbls net to BW Energy • Highest quarterly production since inception from the Dussafu licence • ESP replacement program completed as planned with 8 pr BW Energy: Invitation to Q4 2024 results presentation 31 January Invitation to Q4 2024 results presentation 31 January BW Energy will release its fourth quarter and preliminary full-year 2024 results on Friday, 31 January at 07:30 CET. A conference call followed by Q&A will be hosted by CEO Carl K. Arnet, CFO Brice Morlot and COO Lin G. Espey the same day at 15:00 CET. You can follow the presentation via webcast with supporting slides, available on: Viewer Registration Q4 2024 https://events.webcast.no/viewer-registration/RLEuPs34/register Call-in information BW Energy: Pareto company presentation BW Energy is presenting at the Pareto Securities' E&P Independents Conference in London today. Please see the attached presentation. For further information, please contact: Brice Morlot, CFO BW Energy, +33.7.81.11.41.16 ir@bwenergy.no ABOUT BW ENERGY: BW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments. The Company has access to existing production facilities to reduce time to first oil and cashfl BW Energy: Q4 2024 operational update Q4 2024 operational update BW Energy will publish financial figures for Q4 2024 on Friday, 31 January 2025. The full audited annual report will be published on 26 February 2025. Net production to BW Energy was 3.1 million barrels of oil (bbls) in Q4 2024, equal to 33,600 bbls per day, from the Dussafu licence in Gabon (73.5% working interest) and the Golfinho field (100% working interest) in Brazil. For the full year, net production to BW Energy amounted to 10.0 mmbbls, in line with guidance. Vo BW Energy: Mandatory Notification of Trade BW Energy - Mandatory Notification of Trade Carl K. Arnet, CEO of BW Energy Limited (“BWE”), bought 60 000 shares in BWE on 21 November 2024 at an average price of NOK 22.33 per share. Following this transaction, Arnet holds 3,916,010 shares in BW Energy Limited. For further information, please contact: Brice Morlot, CFO BW Energy, +33.7.81.11.41.16 ir@bwenergy.no About BW Energy: BW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs th Bw Energy: Third Quarter Results 2024 BW ENERGY: THIRD QUARTER RESULTS 2024 HIGHLIGHTS Q3 EBITDA of USD 130 million and net profit of USD 48.0 million Q3 gross production of 2.9 mmbbls with 2.4 mmbbls net to BW Energy Record operational cash-flow of USD 144.9 million in the quarter Three liftings of 2.5 mmbbls (net BWE) at average realised price of USD ~82/bbl Highest quarterly production since inception from the Dussafu licence Currently producing over 40,000 bbls/day gross at Dussafu On track for completing ESP change-outs in Gabo BW Energy: Invitation to Q3 2024 results presentation 15 November BW Energy: Invitation to Q3 2024 results presentation 15 November BW Energy will release its third quarter 2024 results on Friday, 15 November at 07:30 CET. A conference call followed by Q&A will be hosted by CEO Carl K. Arnet, CFO Brice Morlot and COO Lin G. Espey the same day at 15:00 CET. You can follow the presentation via webcast with supporting slides, available on: Viewer Registration Q3 2024 (webcast.no): https://events.webcast.no/viewer-registration/wRYygbkD/register Call-in information Performance Overview Trailing total returns as of 4/30/2025, which may include dividends or other distributions. Benchmark is OBX Total Return Index (OBX.OL) Return 6BW.MU OBX Total Return Index (OBX.OL) YTD +18.51% +5.34% 1-Year -5.48% +9.02% 3-Year -16.01% +25.12%