BW Energy

[TekBot]

BW Energy: Issuance of shares following exercise of LTIP options

Reference is made to the stock exchange announcement published by BW Energy on
29 June 2026 regarding the exercise of options under the Company’s Long Term
Incentive Program (LTIP) and the resolution by the Board of Directors to issue
…

Vis børsmeldingen

up to 175,000 new shares in the Company to settle the options exercised under
the LTIP.

64,094 shares of the total 175,000 new shares have now been validly issued and
fully paid. The remaining 110,906 shares are expected to be issued at a later
date.

Following this issuance, BW Energy has a total of 5,855,505 outstanding
options and 258,333,418 validly issued and fully paid shares.

For further information, please contact:

Martin Seland Simensen, VP Investor Relations

ir@bwenergy.no

About BW Energy:

BW Energy is a fast-growing independent oil and gas company creating value
through low-risk, phased developments of proven offshore reservoirs,
leveraging existing infrastructure and capital-efficient execution. The
company owns and operates production, development and exploration assets in
Gabon, Brazil and Namibia. Total net 2P reserves exceed 240 million barrels of
oil equivalent, with a further 390 million barrels classified as 2C resources,
providing a strong foundation to organically increase production from around
30 kbopd in 2025 to over 100 kbopd in 2028.

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

Kilde

[TekBot]

BW Energy: Invitation to second quarter 2026 presentation 30 July

BW Energy will release its second quarter and first half 2026 results on
Thursday, 30 July at 07:00 CEST.

…

Vis børsmeldingen

A conference call followed by Q&A will be hosted by CEO Carl K. Arnet, CFO
Thomas Young and COO Brice Morlot the same day at 14:00 CEST.

You can follow the presentation via webcast with supporting slides and a Q&A
module, available on:

Viewer Registration • Q2 2026

For further information, please contact:

Martin Seland Simensen, VP Investor Relations

ir@bwenergy.no

About BW Energy:

BW Energy is a fast-growing independent oil and gas company creating value
through low-risk, phased developments of proven offshore reservoirs,
leveraging existing infrastructure and capital-efficient execution. The
company owns and operates production, development and exploration assets in
Gabon, Brazil and Namibia. Total net 2P reserves exceed 240 million barrels of
oil equivalent, with a further 390 million barrels classified as 2C resources,
providing a strong foundation to organically increase production from around
30 kbopd in 2025 to over 100 kbopd in 2028.

Kilde

[TekBot]

SECOND QUARTER AND FIRST HALF 2026 REPORT

BW Energy delivered strong operational performance in the second quarter and
first half 2026, with all major development projects progressing on schedule
and within budget. The Company also made significant strategic progress,
…

Vis børsmeldingen

sanctioning the Bourdon development and Golfinho infill well projects, and
commencing the MaBoMo Phase 2 drilling campaign. With these projects advancing
as planned, BW Energy remains on track to increase net production to more than
100,000 barrels per day in 2028. Supported by a strong balance sheet and
liquidity position, the Company has a solid foundation for delivering
substantial long-term value for shareholders.

HIGHLIGHTS
(Numbers in parenthesis refer to Q1 2026 unless otherwise specified)

Strong operational performance

• Q2 2026 net production of 25.3 (25.2) kbopd, equal to 2.3 (2.3) million
  barrels (mmbbls)
• Sales of 3.2 (2.2) mmbbls and realised prices of USD 103.5 (79.0)/bbl
• Quarterly production cost1 of USD 24.0 (22.2) per barrel

Advancing organic growth portfolio

• Total project portfolio reached net 2P of 222 mmboe in execution
• Bourdon and Golfinho wells final investment decision (FID) in the second
  quarter added 68 mmboe[2] with IRR at 25 and 50% respectively at USD 60/bbl
  oil price
• Maromba and Golfinho Boost projects progressing according to plan and cost
• MaBoMo Phase 2 campaign - appraisal drilling started

Excellent cash generation and strengthened financial position

• Record-high quarterly operating cash flow of USD 260.1 (outflow of 38.5)
  million
• Q2 2026 EBITDA of USD 140.6 (111.3) million and net profit of USD 43.9
  (32.6) million
• Cash position of USD 254.0 (160.5) million and available liquidity of USD
  544 (333) million at 30 June
• Dussafu RBL accordion of USD 100 million completed in Q2
• H1 EBITDA of USD 251.9 million, net income of USD 76.5 million and operating
  cash flow of USD 221.6 million

2026 guidance unchanged

• Production: 24-27 kbopd (8.8-9.9 mmbbls)
• Production cost[1]: USD 22-26 per barrel
• CAPEX: USD 600-650 million
• G&A: USD 12-14 million

1. Production cost excludes royalties, tariffs, workovers, crude oil purchases
   for domestic market obligations, production sharing costs in Gabon, any
   non-recurring special items, and incorporates the impact of IFRS 16
   adjustments.
2. Management estimate

Comment from the CEO of BW Energy, Carl Arnet:

"BW Energy delivered a strong second quarter of 2026, with all-time-high
operating cash flow and improved profitability, driven by higher oil prices
and sales volumes. Our development projects, which are set to materially
increase production from proven reserves, are progressing according to plan.

We maintain full focus on project execution following the recent sanction of
the Bourdon development in Gabon and the Golfinho infill wells programme in
Brazil - two high-return projects built on the same infrastructure-led model
that has defined BW Energy since inception. The MaBoMo Phase 2 drilling
programme commenced on schedule in early July and will contribute to increased
production from 2027 with additional upside from ongoing appraisal wells.

With record cash generation in the quarter, we advance our investment
programme backed by a strengthened balance sheet and liquidity position, on
track to increase production to over 100,000 barrels per day in 2028 and
deliver the next phase of value creation for BW Energy shareholders."

PRESENTATION AND MATERIAL

Please find attached the first half 2026 report and presentation. The report,
presentation, excel data book and webcast are all available on:

www.bwenergy.no/investors/reports-and-presentations

CONFERENCE CALL/WEBCAST

BW Energy will today hold webcast presentation, followed by a Q&A hosted by
CEO Carl K. Arnet, COO Brice Morlot, and CFO Thomas Young at 14:00 CEST.

You can follow the presentation via webcast with supporting slides and a Q&A
module, available on:

Viewer Registration • Q2 2026

For further information, please contact:

Martin Seland Simensen, VP Investor Relations
ir@bwenergy.no

About BW Energy:
BW Energy is a fast-growing independent oil and gas company creating value
through low-risk, phased developments of proven offshore reservoirs,
leveraging existing infrastructure and capital-efficient execution. The
company owns and operates production, development and exploration assets in
Gabon, Brazil and Namibia. Total net 2P reserves exceed 240 million barrels of
oil equivalent, with a further 390 million barrels classified as 2C resources,
providing a strong foundation to organically increase production from around
30 kbopd in 2025 to over 100 kbopd in 2028.

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

Kilde

[TekBot]

BW Energy: Agreement for strategic entry into Angola through interests in producing Block 14 and Block 14K

With reference to the announcement made by Etu Energias (Etu) today. See link
further below.

…

Vis børsmeldingen

BW Energy has signed a framework agreement with Etu and Chariot Limited to
support Etu’s 31% interest in Block 14 and 15.5% interest in Block 14K, two
producing deepwater licences offshore Cabinda, Angola. Etu, Angola’s largest
privately owned energy company, has signed a Sale and Purchase Agreement (SPA)
with Chevron for the acquisition. Etu intends to assume operatorship of Block
14, with BW Energy and Chariot providing technical and operational support.
Subject to applicable approvals, consents and contractual requirements.

The transaction marks a strategic entry for BW Energy into a new core area,
aligned with the company’s West Africa growth strategy.

Highlights:

• BW Energy’s support for Etu under the framework agreement gives it economic
  exposure to future cash flows corresponding to production of approximately 8
  kbopd and associated net 2P reserves of approximately 19 mmbbls
• Current gross production from Block 14 and 14K is approximately 42 kbopd and
  producing reserves are 93 mmbbls, of which approximately 13 kbopd and 29
  mmbbls are attributable to the interests Etu is acquiring
• The asset holds material identified upsides from the development of nearby
  reservoirs, suitable for tie-back to existing infrastructure, production
  optimisation as well as operating cost reductions

Carl K. Arnet, CEO of BW Energy, said: “The framework agreement is an
important step towards establishing BW Energy in Angola, one of West Africa’s
premier deepwater provinces. Once completed, this is expected to deliver
production and cash flow with identified upsides. Block 14 is a high-quality
asset with a long production history and several proven undeveloped
discoveries, which BW Energy sees strong potential to put into production.
Angola offers a deep inventory of proven discoveries that can benefit from
focused development and repurposed infrastructure. We look forward to working
with Etu and Chariot on what we see as a strong and complementary partnership,
and to further develop our position in Angola over time.”

BW Energy views the relationship with Etu as important for future value
creation and welcomes Chariot Limited as a trusted partner with shared
ambitions for growth in Angola. The agreement lays the structure for close
collaboration on Block 14 and establishes a foundation that can be
value-accretive across the wider opportunity set in Angola. Over the last
decade, Etu has completed multiple successful transactions in Angola, and BW
Energy is pleased to now be part of that growth.

About Block 14 and Block 14K

Block 14 is a producing deepwater licence offshore Cabinda in water depths of
200 to 1,600 metres. The block has produced more than 900 million barrels of
high-quality, Brent-linked crude since first oil in 1999, with production
having peaked at approximately 200 kbopd. Current gross production is
approximately 42 kbopd of which 95% is from Block 14 and 5% from Block 14K.
The area produces from nine fields, developed through two hub facilities and
supported by active waterflooding and well intervention programmes.

Block 14K is a cross-border unitised development between Angola and the
Republic of Congo, tied back to the Block 14 infrastructure.

Further update and detail will be provided closer to deal completion.

Link to Etu’s press release:

https://etuenergias.co.ao/folder/galeria/ficheiro/71_etuEnergias_aquiresChevronBlocks_65mgxejxxd.pdf

For further information, please contact:

Martin Seland Simensen, VP Investor Relations

ir@bwenergy.no

About BW Energy:

BW Energy is a fast-growing independent oil and gas company creating value
through low-risk, phased developments of proven offshore reservoirs,
leveraging existing infrastructure and capital-efficient execution. The
company owns and operates production, development and exploration assets in
Gabon, Brazil and Namibia. Total net 2P reserves exceed 240 million barrels of
oil equivalent, with a further 390 million barrels classified as 2C resources,
providing a strong foundation to organically increase production from around
30 kbopd in 2025 to over 100 kbopd in 2028.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

BW Energy: Issuance of shares following exercise of LTIP options

Reference is made to the stock exchange announcement published by BW Energy
Limited (“BW Energy” or the “Company”) on 29 June 2026 regarding the exercise
of options under the Company’s Long Term Incentive Program (“LTIP”) and the
…

Vis børsmeldingen

resolutions by the Board of Directors to issue up to 175,000 new shares in the
Company to settle the options exercised under the LTIP.

131,528 shares of the total 175,000 new shares have now been validly issued
and fully paid. The remaining 43,472 shares are expected to be issued at a
later date.

The issuance relates to employees of the Company, none of whom are primary
insiders.

Following the issuance, BW Energy will have a total of 5,647,505 outstanding
options and 258,400,852 issued shares.

For further information, please contact:
Martin Seland Simensen, VP Investor Relations
ir@bwenergy.no

About BW Energy:
BW Energy is a fast-growing independent oil and gas company creating value
through low-risk, phased developments of proven offshore reservoirs,
leveraging existing infrastructure and capital-efficient execution. The
company owns and operates production, development and exploration assets in
Gabon, Brazil and Namibia. Total net 2P reserves exceed 240 million barrels of
oil equivalent, with a further 390 million barrels classified as 2C resources,
providing a strong foundation to organically increase production from around
30 kbopd in 2025 to over 100 kbopd in 2028.

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

Kilde

[TekBot]

BW Energy: Company Presentation Pareto Securities’ Energy Conference 2026

BW Energy is presenting at the Pareto Securities’ Energy Conference today at
12.10 CEST. Please see the attached presentation.

…

Vis børsmeldingen

For further information, please contact:
Martin Seland Simensen, VP Investor Relations
ir@bwenergy.no

About BW Energy:
BW Energy is a fast-growing independent oil and gas company creating value
through low-risk, phased developments of proven offshore reservoirs,
leveraging existing infrastructure and capital-efficient execution. The
company owns and operates production, development and exploration assets in
Gabon, Brazil and Namibia. Total net 2P reserves exceed 240 million barrels of
oil equivalent, with a further 390 million barrels classified as 2C resources,
providing a strong foundation to organically increase production from around
30 kbopd in 2025 to over 100 kbopd in 2028.

Kilde

[TekBot]

BW Energy - Mandatory Notification of Trade

Djupedalen AS, a company in which Hilde Drønen, a board director of BW Energy
Limited (“BWE”), holds an 85% ownership interest, purchased 10,000 shares in
BWE on 17 September 2026 at a price of NOK 57.85 per share. The total
…

Vis børsmeldingen

transaction value is NOK 578,500.

Following this transaction, Djupedalen AS holds 10,000 shares in BW Energy
Limited, which represent Hilde Drønen’s entire shareholding in the company.
Please see the attached form for further details.

For further information, please contact:
Martin Seland Simensen, VP Investor Relations
ir@bwenergy.no

About BW Energy:
BW Energy is a fast-growing independent oil and gas company creating value
through low-risk, phased developments of proven offshore reservoirs,
leveraging existing infrastructure and capital-efficient execution. The
company owns and operates production, development and exploration assets in
Gabon, Brazil and Namibia. Total net 2P reserves exceed 240 million barrels of
oil equivalent, with a further 390 million barrels classified as 2C resources,
providing a strong foundation to organically increase production from around
30 kbopd in 2025 to over 100 kbopd in 2028.

This information is subject to the disclosure requirements in the Market Abuse
Regulation article 19 and section 5-12 of the Norwegian Securities Trading
Act.

Kilde

[TekBot]

BW Energy: Issuance of shares following exercise of LTIP options

Reference is made to the stock exchange announcement published by BW Energy
Limited (“BW Energy” or the “Company”) on 29 June 2026 regarding the exercise
of options under the Company’s Long Term Incentive Program (“LTIP”) and the
…

Vis børsmeldingen

resolutions by the Board of Directors to issue up to 175,000 new shares in the
Company to settle the options exercised under the LTIP.

144,980 shares of the total 175,000 new shares have now been validly issued
and fully paid. The remaining 30,020 shares are expected to be issued at a
later date.

The issuance relates to employees of the Company, none of whom are primary
insiders.

Following the issuance, BW Energy will have a total of 5,595,400 outstanding
options and 258,414,304 issued shares.

For further information, please contact:
Martin Seland Simensen, VP Investor Relations
ir@bwenergy.no

About BW Energy:
BW Energy is a fast-growing independent oil and gas company creating value
through low-risk, phased developments of proven offshore reservoirs,
leveraging existing infrastructure and capital-efficient execution. The
company owns and operates production, development and exploration assets in
Gabon, Brazil and Namibia. Total net 2P reserves exceed 240 million barrels of
oil equivalent, with a further 390 million barrels classified as 2C resources,
providing a strong foundation to organically increase production from around
30 kbopd in 2025 to over 100 kbopd in 2028.

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

Kilde

[TekBot]

BW Energy: Strengthens financing with long-term Bourdon WHP lease and RCF extension

BW Energy has entered into a USD 208 million project-level lease financing for
the Akoum wellhead platform (WHP) to be installed on the Bourdon field
offshore Gabon and has signed an 18-month extension to the USD 250 million
…

Vis børsmeldingen

corporate revolving credit facility (RCF). The agreements further strengthen
the financing platform as BW Energy executes its long-term growth strategy.

“The Bourdon development is a great example of what our business model can
deliver. Fourteen months from discovery to FID, and now the full
infrastructure cost financed long term at an attractive cost of capital,
without upfront equity,” said Thomas Young, CFO of BW Energy. “Extending the
RCF adds further flexibility as we grow towards more than 100,000 barrels per
day.”

Akoum WHP lease

Following FID on the Bourdon development in the BW Energy-operated Dussafu
licence in May, conversion of the Akoum rig into a 12-slot wellhead platform
is progressing to plan. It will provide capacity for future planned
development phases in the area, with first oil targeted in the first quarter
of 2028.

The twelve-year lease is with Minsheng Financial Leasing Co., Ltd (MSFL) and
replaces the previously announced short-term financing. It covers 100% of the
platform’s capital expenditure and has a firm term of eight years, with an
option to extend by a further four years. Lease costs are shared by the
Dussafu licence partners in line with their participating interests, with BW
Energy’s share at 73.5%. Ownership of the platform passes to the licence at
the end of the lease.

RCF extension

BW Energy has exercised an option to extend the tenor of the RCF with DNB Bank
by a further 18 months with the new maturity in August 2028 on same terms. The
RCF provides enhanced financial flexibility in support of ongoing field
development activities and general corporate purposes.

For further information, please contact:

Martin Seland Simensen, VP Investor Relations

ir@bwenergy.no

About BW Energy

BW Energy is a fast-growing independent oil and gas company creating value
through low-risk, phased developments of proven offshore reservoirs,
leveraging existing infrastructure and capital-efficient execution. The
company owns and operates production, development and exploration assets in
Gabon, Brazil and Namibia. Total net 2P reserves exceed 240 million barrels of
oil equivalent, with a further 390 million barrels classified as 2C resources,
providing a strong foundation to organically increase production from around
30 kbopd in 2025 to over 100 kbopd in 2028.

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

Kilde

[TekBot]

BW Energy: Positive appraisal results at Dussafu set to fast-track new production well

BW Energy, the operator, has found commercial volumes in both appraisal wells
drilled in the Dussafu field in Gabon, with combined recovery estimated at
approximately 8-9 million barrels of oil gross. The results support two
…

Vis børsmeldingen

additional producing wells, the first of which will be drilled in the ongoing
MaBoMo Phase 2 campaign, on track for first oil in the first quarter of 2027.

“The discovery of oil in both appraisal wells is another strong result at
Dussafu and brings our track record as operator to 13 successful exploration
and appraisal wells out of 14. Our decision to drill the appraisal wells ahead
of the production wells has paid off. We have proved additional volumes and
can add at least one high-value, fast-track well with a short pay-back time to
the current programme. With our recent licence extension, we have significant
runway to continue growing production in this highly prospective area for
years to come,” said Carl K. Arnet, CEO of BW Energy.

Positive well results
The 10P2 appraisal well encountered a 30-metre oil column in the Gamba
reservoir at a structural depth consistent with the pre-drill prediction.
Reservoir quality, including good porosity and permeability, was confirmed
during formation evaluation.

Wireline logging and pressure testing indicate that a production well can
deliver initial rates of over 5,000 bopd gross, in line with recent MaBoMo
Phase 1 wells. Drilled from the existing MaBoMo facility, the well is expected
to be highly profitable, with a payback period of under one year. Base case
incremental recovery is estimated at 6 million barrels of oil gross.

The 10P1 appraisal well encountered a 16-metre oil column in a separate oil
accumulation. Formation evaluation confirmed good reservoir quality and
moveable oil, supporting development with an additional production well, with
timing to be optimised against the overall Dussafu drilling schedule,
including Bourdon Phase 1.

Forward drilling
The drilling rig is now underway to the MaBoMo facility. BW Energy will first
carry out a workover to replace the electrical submersible pump on one of the
existing Hibiscus wells, then drill the four MaBoMo Phase 2 production wells,
followed by a fifth well at the 10P2 location. Each well is expected to
produce around 5,000 bopd gross initially, and with the wells coming on stream
in sequence, MaBoMo Phase 2 is expected to add up to 20,000 bopd gross at
peak.

The current MaBoMo campaign will be followed by another infill well on the
Tortue field and then the Bourdon Phase 1 development, with first oil planned
for the first quarter of 2028. Walt Whitman and further Bourdon area appraisal
drilling is currently planned for 2028, and successful results would lead to
further development activity. Together, these projects support the company’s
long-term production target of 30-45 kbopd gross from the Dussafu licence.

BW Energy is the operator of the Dussafu licence with a 73.5% working
interest. Partners are Panoro Energy with 17.5% and Gabon Oil Company with 9%.

For further information, please contact:

Martin Seland Simensen, VP Investor Relations

ir@bwenergy.no

About BW Energy

BW Energy is a fast-growing independent oil and gas company creating value
through low-risk, phased developments of proven offshore reservoirs,
leveraging existing infrastructure and capital-efficient execution. The
company owns and operates production, development and exploration assets in
Gabon, Brazil and Namibia. Total net 2P reserves exceed 240 million barrels of
oil equivalent, with a further 390 million barrels classified as 2C resources,
providing a strong foundation to organically increase production from around
30 kbopd in 2025 to over 100 kbopd in 2028.

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

Kilde

[TekBot]

BW Energy: Q3 2026 operational update

BW Energy today provides preliminary operational figures for the third quarter
of 2026. Financial results will be published on 29 October 2026.

…

Vis børsmeldingen

Net production attributable to BW Energy was 2.0 million barrels of oil
(mmbbls) in the third quarter of 2026, equivalent to 21.5 thousand barrels of
oil per day (kbopd), from the Dussafu licence in Gabon (73.5% working
interest) and the Golfinho field in Brazil (100% working interest). Net sales
were 1.1 mmbbls, with few liftings on Dussafu and none from Golfinho in the
quarter. As a result, inventory increased to 1.0 mmbbls at quarter-end, and
these volumes will be sold in the coming quarters.

Dussafu production was affected by the electrical submersible pump (ESP) issue
as communicated with the second quarter results. The well was subsequently
confirmed to require a workover and has been shut in most of the quarter. To
carry out the workover efficiently, the planned two-week seasonal maintenance
at Dussafu was rescheduled to October and is ongoing. Golfinho production was
impacted by reduced gas lift compressor (GLC) availability for parts of the
third quarter and a pump failure in one well. Replacement of the pump is
expected later in the year.

As a result of the wells shut-in on Dussafu and Golfinho, full year 2026
production is expected at approximately 23 kbopd, compared with the lower end
of 24-27 kbopd as indicated with the second quarter results.

±---------------------------------------------±---------±---------±---------+
| | | | |
| | | | |
±---------------------------------------------±---------±---------±---------+
| | Q3 2026 | Q2 2026 | Q3 2025 |
±---------------------------------------------±---------±---------±---------+
| Net production (mmbbls) | 2.0 | 2.3 | 2.4 |
±---------------------------------------------±---------±---------±---------+
| Dussafu | 1.5 | 1.8 | 1.8 |
±---------------------------------------------±---------±---------±---------+
| Golfinho | 0.4 | 0.5 | 0.6 |
±---------------------------------------------±---------±---------±---------+
| | | | |
| | | | |
±---------------------------------------------±---------±---------±---------+
| Net production (kbopd) | 21.5 | 25.3 | 26.3 |
±---------------------------------------------±---------±---------±---------+
| Dussafu | 16.8 | 19.3 | 20.0 |
±---------------------------------------------±---------±---------±---------+
| Golfinho | 4.7 | 6.0 | 6.3 |
±---------------------------------------------±---------±---------±---------+
| | | | |
| | | | |
±---------------------------------------------±---------±---------±---------+
| Net volume sold (mmbbls) | 1.1 | 3.2 | 2.9 |
±---------------------------------------------±---------±---------±---------+
| Dussafu | 1.1 | 2.3 | 2.5 |
±---------------------------------------------±---------±---------±---------+
| including Domestic market obligations (DMO) | - | 0.1 | 0.3 |
±---------------------------------------------±---------±---------±---------+
| including State profit oil | 0.2 | 0.2 | 0.2 |
±---------------------------------------------±---------±---------±---------+
| Golfinho | - | 0.9 | 0.5 |
±---------------------------------------------±---------±---------±---------+
| End of quarter stock inventory (mmbbls) | 1.0 | 0.2 | 0.3 |
±---------------------------------------------±---------±---------±---------+
| Dussafu | 0.4 | 0.0 | (0.5) |
±---------------------------------------------±---------±---------±---------+
| Golfinho | 0.6 | 0.2 | 0.8 |
±---------------------------------------------±---------±---------±---------+
| | | | |
| | | | |
±---------------------------------------------±---------±---------±---------+
| Average realised price (USD/bbl) | 83.2 | 103.5 | 68.5 |
±---------------------------------------------±---------±---------±---------+
| Dussafu | 83.2 | 101.2 | 67.7 |
±---------------------------------------------±---------±---------±---------+
| Golfinho | - | 109.0 | 72.6 |
±---------------------------------------------±---------±---------±---------+
| | | | |
| | | | |
±---------------------------------------------±---------±---------±---------+
| Production costs1 in (USD/bbl) | 27.7 | 24.0 | 22.7 |
±---------------------------------------------±---------±---------±---------+
| Dussafu | 19.2 | 15.6 | 15.7 |
±---------------------------------------------±---------±---------±---------+
| Golfinho | 58.1 | 51.1 | 44.8 |
±---------------------------------------------±---------±---------±---------+

1. Production costs exclude royalties, tariffs, workovers, crude oil purchases
   for domestic market obligations, production sharing costs in Gabon, any
   non-recurring special items, and incorporates the impact of IFRS 16
   adjustments.

Reporting

BW Energy will publish its financial results for the third quarter of 2026 on
29 October at 07:00 CEST. Management will host a webcast presentation later
the same day at 14:00 CEST, followed by a live Q&A session.

For further information, please contact:

Martin Seland Simensen, VP Investor Relations
ir@bwenergy.no

About BW Energy:

BW Energy is a fast-growing independent oil and gas company creating value
through low-risk, phased developments of proven offshore reservoirs,
leveraging existing infrastructure and capital-efficient execution. The
company owns and operates production, development and exploration assets in
Gabon, Brazil and Namibia. Total net 2P reserves exceed 240 million barrels of
oil equivalent, with a further 390 million barrels classified as 2C resources,
providing a strong foundation to organically increase production from around
30 kbopd in 2025 to over 100 kbopd in 2028.

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

Kilde

[TekBot]

BW Energy: Long-Term Incentive Program new awards

The Board of Directors of BW Energy Limited (“BWE” or the “Company”) approved
the award of share options under a Long-Term Incentive Program (LTIP) to align
the interests of the participating employees with those of the Company’s
…

Vis børsmeldingen

shareholders. The LTIP is discretionary, and participants are invited on an
annual basis.

The total number of shares awarded under the LTIP for 2026 is 1,120,000,
allocated to options that will give the holder the right to acquire one BW
Energy share per option. A total of nine BW Energy employees have been invited
to participate in the program.

The strike price of the options is calculated based on the volume-weighted
average share price five trading days prior to the grant date, plus a premium
of 15.75% (corresponding to a 5% increase annually over three years). The
strike price for the options awarded on 25 February 2026 is NOK 56.237.

The options will have a vesting period of three years, followed by a
three-year exercise period. Options shall be exercisable from vesting to the
expiration of the three-year exercise period, other than during any restricted
period. The options will expire six years after the award date.

The options are non-tradable and conditional upon the option holder being
employed by the Company and not having resigned or being terminated for cause
prior to the vesting date.

Following the new awards, the Company will have a total of 6,623,400
outstanding options.

The following primary insiders of the Company have been awarded options under
the LTIP for 2026:

1. Chief Executive Officer, Carl K. Arnet has been awarded 500,000 options.

Following the award Carl K. Arnet has a total number of 3,800,000 options.

2. Chief Operating Officer, Brice Morlot has been awarded 125,000 options.

Following the award Brice Morlot has a total number of 250,000 options.

3. Chief Commercial Officer, Thomas Kolanski has been awarded 125,000 options.

Following the award Thomas Kolanski has a total number of 846,500 options.

4. Chief Financial Officer, Thomas M. Young has been awarded 125,000 options.

Following the award Thomas M. Young has a total number of 846,500 options.

5. Chief Technology Officer, Jerome Bertheau has been awarded 125,000 options.

Following the award Jerome Bertheau has a total number of 250,000 options.

For further information, please contact:

Martin Seland Simensen, VP Investor Relations

ir@bwenergy.no

About BW Energy

BW Energy is a fast-growing independent oil and gas company creating value
through low-risk, phased developments of proven offshore reservoirs,
leveraging existing infrastructure and capital-efficient execution. The
company owns and operates production, development and exploration assets in
Gabon, Brazil and Namibia. Total net 2P reserves exceed 240 million barrels of
oil equivalent, with a further 390 million barrels classified as 2C resources,
providing a strong foundation to organically increase production from around
30 kbopd in 2025 to over 100 kbopd in 2028.

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

Kilde

[TekBot]

BW Energy: Drilling rig incident on the Dussafu licence

BW Energy confirms that an incident occurred on the Dussafu Marine licence in
Gabon at 20:37 local time on Saturday, 24 October 2026, involving the jack-up
drilling rig Prospector 5, owned and operated by Borr Drilling. During jacking
…

Vis børsmeldingen

operations in preparation for a planned drilling campaign, the rig experienced
a loss of stability and subsequently sank.

At the time of the incident there were 115 people onboard the Prospector 5. A
total of 110 have been safely accounted for while five remain missing. BW
Energy’s overriding priority is the safety of all personnel. The Company is
supporting the ongoing search and rescue operations in close coordination with
the drilling contractor Borr Drilling, relevant authorities and emergency
responders.

Production at the MaBoMo facility is shut down in accordance with standard
procedure during ongoing drilling preparations. There has been no reported
damage to the facility or related equipment, nor any accidental discharge of
harmful substances to the sea from the facility.

For further information, please contact media and IR Contact:
Martin Seland Simensen, VP Investor Relations
ir@bwenergy.no

About BW Energy
BW Energy is a fast-growing independent oil and gas company creating value
through low-risk, phased developments of proven offshore reservoirs,
leveraging existing infrastructure and capital-efficient execution. The
company owns and operates production, development and exploration assets in
Gabon, Brazil and Namibia. Total net 2P reserves exceed 240 million barrels of
oil equivalent, with a further 390 million barrels classified as 2C resources,
providing a strong foundation to organically increase production from around
30 kbopd in 2025 to over 100 kbopd in 2028.

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

Kilde

[Kaisovski]

Holy shit

[Krieghoff]

confinedape (@confinedape) on X

[sulzrox]

Minst 9 til 12 mnd forsinkelser.

[Freddys]

Borr-rigg har sunket – fem personer savnet

[TekBot]

BW Energy: Third quarter 2026 report

BW Energy delivered good progress in the third quarter of 2026, with the major
development projects advancing on schedule and within budget. The Company
extended its strong Dussafu appraisal track record with two discoveries and
…

Vis børsmeldingen

made a strategic entry into Angola, adding further production and reserves in
a basin with material growth potential.

On 24 October 2026, the Prospector 5 jack-up drilling rig, owned and operated
by Borr Drilling, sank during preparations for the MaBoMo Phase 2 drilling
campaign. Alongside supporting the ongoing search and rescue efforts, the
Company is assessing the impact on the drilling schedule and the 2027
production outlook. BW Energy maintains the target of producing over 100,000
barrels per day in 2028.

HIGHLIGHTS
(Numbers in parenthesis refer to Q2 2026 unless otherwise specified)

Solid operational performance

• Q3 2026 net production of 21.5 (25.3) kbopd, equal to 2.0 (2.3) million
  barrels (mmbbls)
• Quarterly production cost[1] of USD 27.7 (24.0) per barrel
• Production in Gabon and Brazil impacted by temporary technical issues
• Inventory increase to 1.0 mmbbls at quarter-end due to timing of liftings

2028 production target maintained

• Maromba, Golfinho and Bourdon projects progressing on plan and cost
• MaBoMo appraisals add 8-9 mmbbls of recoverable volumes, supporting two
  production wells
• MaBoMo phase 2 delayed by the rig incident, schedule under assessment
• Strategic Angola entry set to add net 8 kbopd of production from Q1 2027 and
  ~19 mmbbls net 2P reserves

Financial results impacted by timing of liftings

• Q3 2026 EBITDA of USD 46.9 (140.6) million and net loss of USD 0.7 (profit
  43.9) million
• Q3 operating cash flow of negative USD 19.4 (positive 260.1) million
• Cash position of USD 200.3 (254.0) million at 30 September
• Signed USD 208 million long-term financing for the Bourdon wellhead platform
  (WHP)
• Extended USD 250 million corporate revolving credit facility (RCF) by 18
  months

2026 guidance updated

• Production: ~23 kbopd (from low end of 24-27 kbopd)
• Production cost[1]: USD 22-26 per barrel (unchanged)
• CAPEX: Suspended in light of well program rescheduling (was USD 600-650
  million)
• G&A: USD 12-14 million (unchanged)

Comment from the CEO of BW Energy, Carl K. Arnet:

"Our thoughts are with everyone affected by the Prospector 5 rig incident, the
crew and their families, friends and colleagues, and in particular those still
missing and their loved ones. At BW Energy, the safety of people will always
come first, and we are supporting the ongoing search and rescue operations in
close collaboration with the Gabonese authorities and Borr Drilling, with
valuable help from our neighbouring operators.

Production from MaBoMo has resumed, and the two discoveries made earlier in
the campaign add to the resources we plan to develop in Phase 2. The incident
affects the timing of those barrels rather than the resources themselves. We
will incorporate the remaining wells into the wider Dussafu drilling programme
and update the market on timing once the plan is in place.

Looking further ahead we maintain our production target of over 100,000
barrels per day in 2028 supported by good progress on the remaining sanctioned
high-return development projects in Brazil and Gabon, as well as our expansion
into Angola. Backed by a robust financing framework, we remain on track to
deliver strong long-term cash flow and material value creation for the BW
Energy shareholders."

PRESENTATION AND MATERIAL

Please find attached the third quarter 2026 report and presentation. The
report, presentation, excel data book and webcast are all available on:

www.bwenergy.no/investors/reports-and-presentations

CONFERENCE CALL/WEBCAST

BW Energy will today hold webcast presentation, followed by a Q&A hosted by
CEO Carl K. Arnet, COO Brice Morlot, and CFO Thomas Young at 14:00 CET.

You can follow the presentation via webcast with supporting slides and a Q&A
module, available on:

Viewer Registration • Q3 2026

For further information, please contact:

Martin Seland Simensen, VP Investor Relations
ir@bwenergy.no

About BW Energy:
BW Energy is a fast-growing independent oil and gas company creating value
through low-risk, phased developments of proven offshore reservoirs,
leveraging existing infrastructure and capital-efficient execution. The
company owns and operates production, development and exploration assets in
Gabon, Brazil and Namibia. Total net 2P reserves exceed 240 million barrels of
oil equivalent, with a further 390 million barrels classified as 2C resources,
providing a strong foundation to organically increase production from around
30 kbopd in 2025 to over 100 kbopd in 2028.

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

Kilde