BW Energy: OTC Markets Group Welcomes BW Energy Limited to OTCQX

29 Apr 2025 10:30 CEST

OTC Markets Group Welcomes BW Energy Limited to OTCQX

NEW YORK - OTC Markets Group Inc.
(https://www.otcmarkets.com/stock/OTCM/quote?utm_source=Press%20Release&utm_medi
um=Press%20Release&utm_campaign=New%20OTCQX%20Company) (OTCQX: OTCM), operator
of regulated markets for trading 12,000 U.S. and international securities, today
announced BW Energy Limited
(https://www.otcmarkets.com/stock/BWEFF/quote?utm_source=Press+Release&utm_mediu
m=Press+Release&utm_campaign=New+OTCQX+Company) (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 current financial disclosure and Real-Time
Level 2 quotes for the company on www.otcmarkets.com
(https://www.otcmarkets.com/?utm_source=Press%20Release&utm_medium=Press%20Relea
se&utm_campaign=New%20OTCQX%20Company).

Upgrading to the OTCQX Market is an important step for companies seeking to
provide transparent trading for their U.S. investors.  For companies listed on a
qualified international exchange, streamlined market standards enable them to
utilize their home market reporting to make their information available in the
U.S. To qualify for OTCQX, companies must meet high financial standards, follow
best practice corporate governance and demonstrate compliance with applicable
securities laws.

"The OTCQX Market provides a platform for increased recognition and engagement
with a wider base of US investors. BW Energy is a fast-growing oil and gas
company with production and attractive development assets in Gabon, Namibia and
Brazil. We expect cross-trading on OTCQX to create additional long-term value
through a broader US investor base and increased trading volumes in our shares,"
says Carl K. Arnet, the CEO of BW Energy.

About BW Energy Limited
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, a 95% interest in the Maromba field in Brazil, a 95%
interest in the Kudu field in Namibia, all operated by BW Energy. In addition,
BW Energy holds approximately 6.6% of the common shares in Reconnaissance Energy
Africa Ltd. and a 20% non-operating interest in the onshore Petroleum
Exploration License 73 ("PEL 73") in Namibia. Total net 2P+2C reserves and
resources were 599 million barrels of oil equivalent at the start of 2025.

About OTC Markets Group Inc.:
OTC Markets Group Inc.
(https://www.otcmarkets.com/stock/OTCM/overview?utm_source=Press%20Release&utm_m
edium=Press%20Release&utm_campaign=OTCM%20Earnings) (OTCQX: OTCM) operates
regulated markets for trading 12,000 U.S. and international securities. Our
data-driven disclosure standards form the foundation of our three public
markets: OTCQX(®) Best Market, OTCQB(®) Venture Market, and Pink(®) Open Market.

Our OTC Link(®)?Alternative Trading Systems (ATSs) provide critical market
infrastructure that broker-dealers rely on to facilitate trading.  Our
innovative model offers companies more efficient access to the U.S. financial
markets.

OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS(TM) are each an SEC
regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-
dealer, member SIPC.

To learn more about how we create better informed and more efficient markets,
visit www.otcmarkets.com (http://www.otcmarkets.com).

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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
(mailto:media@otcmarkets.com)

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

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