BW Energy – Board statement on the mandatory offer for all shares in BW Energy from BW Group
15 Décembre 2023 - 7:30AM
BW Energy – Board statement on the mandatory offer for all shares
in BW Energy from BW Group
BW Energy – BOARD STATEMENT on the mandatory offer for
all shares in BW Energy from BW Group
Reference is made to announcement by BW Group Limited on
13 December 2023 regarding the launch of a mandatory offer for
all shares in BW Energy Limited (the "Company") not already held by
it (the "Offer").
The board of directors of the Company has prepared
a statement and recommendation on the Offer, in accordance
with section 6-16 of the Norwegian Securities Trading
Act.
The statement and accompanying fairness opinion letter is
attached to this notice.
For further information, please contact:
Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76
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 cashflow with
lower investments than traditional offshore developments. The
Company's assets are 73.5% of the producing Dussafu Marine license
offshore Gabon, 100% interest in the Golfinho and Camarupim fields,
a 76.5% interest in the BM-ES-23 block in, a 95% interest in the
Maromba field in Brazil and a 95% interest in the Kudu field in
Namibia, all operated by BW Energy. Total net 2P+2C reserves and
resources were 546 million barrels of oil equivalents at the start
of 2023, when including the Golfinho Clusters.
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act
- BWE - board statement
- Pareto Sec statement
BW Energy (TG:6BW)
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