BW Energy: Mandatory notifications of trade by primary insiders and close associates

07 Jun 2024 16:30 CEST

BW Energy: Mandatory notifications of trade by primary insiders and close
associates

BW Group Limited, a close associate of Andreas Sohmen-Pao, Chairman of the board
of directors of BW Energy Limited ("BWE"), has today subscribed for 30,000 bonds
in BWE's bond issue with ISIN NO 0013259663 (the "Bond Issue") at a price of USD
1,000 per bond. Following this transaction, BW Group holds 30,000 bonds in the
Bond Issue (equal to an aggregate nominal value of USD 30,000,000).

Further, Carl K. Arnet, CEO of BWE, has today subscribed for 2,000 bonds in the
Bond Issue at a price of USD 1,000 per bond. Following this transaction, Arnet
holds 2,000 bonds in the Bond Issue (equal to an aggregate nominal value of USD
2,000,000).


Please see attachment for further details.



For further information, please contact:

Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76 or ir@bwenergy.no
(mailto: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 licence 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 580 million barrels of oil equivalents at the
start of 2024.

This information is published in accordance with the disclosure requirements in
Regulation EU 596/2014 (MAR) article 19, section 5-12 of the Norwegian
Securities Trading Act, and the Oslo Rule Book II.

More information:
Access the news on Oslo Bors NewsWeb site

621005_Appendix PDMR BW Group Limited and Carl K Arnet.pdf