BW Energy

xfrox · mai 19, 2020, 12:58pm

Nu går det ganska stora poster…

TekBot · mai 19, 2020, 5:00pm

BW Energy: Annual General meeting 2020 - Minutes

The Annual General Meeting 2020 of BW Energy Limited was held today. Please see
the attached document for the minutes of the meeting.

…

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For further information, please contact:
Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76
[email protected]

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 FPSOs to reduce time to first oil and cashflow
with lower investments than traditional offshore developments. The main assets
are 73.5% of the producing Dussafu Marine Permit offshore Gabon and a 95%
interest in the Maromba field in Brazil, both operated by the Company. Total net
2P+2C reserves are 247 million barrels at the start of 2020 and gross average
production from Dussafu was 11.8 kbopd in 2019.

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

Kilde

TekBot · mai 20, 2020, 5:01am

BW Energy: Trading update Q1 2020

HIGHLIGHTS

BW Energy shares commenced trading on Oslo Stock Exchange on 19 February
…
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after raising net USD 121 million in the IPO
Gross production of 11,485 bbls/day compared to 10,735 bbls/day in Q4

Completed one lifting of 427,647 bbls net to BW Energy in Q1

Q1 2020 EBITDA of USD 14.8 million compared to USD 57.3 million in Q4 2019

Non-cash impairment of USD 10.7 million, reflecting the recorded value of
the Kudu project

Q1 2020 net loss of USD 23.6 million

DTM-4H and DTM-5H wells at Dussafu successfully connected to FPSO BW Adolo

DTM-6H and DTM-7H wells rescheduled due to COVID-19

Ruche and Maromba projects deferred due to COVID-19

EBITDA for the first quarter of 2020 was USD 14.8 million, down from USD 57.3
million in the fourth quarter 2019. The decrease reflects one lifting from
Tortue with net 0.4 million bbls to BW Energy compared to two liftings and net
1.3 million bbls in the previous quarter, as well as a realised oil price of USD
33 per barrel compared to USD 65 per barrel in the fourth quarter.

Gross production from Tortue increased to an average of 11,485 bbls/day for the
first quarter compared to 10,735 bbls/day for the fourth quarter. Total gross
production from the Tortue field increased to 1,045,000 bbls of oil from
987,000 in the fourth quarter. Production regularity was impacted by a scheduled
downtime for the FPSO to connect the two new wells which came onstream in early
March. Production cost (excluding royalty) was USD 21.8 per barrel in the
quarter compared to USD 22.8 per barrel in the fourth quarter of 2019.

Net financial expense was USD 5.5 million for the first quarter mainly caused by
a USD 1.5 million loss on interest rate swaps and currency losses due to the
strengthening of the USD. Total equity at 31 March 2020 was USD 460.9 million
compared to USD 363.1 million at the end of 2019. The equity ratio was 55.2%
compared to 49.2% at year-end. Total available liquidity at the end of the
quarter amounted to USD 168.3 million compared to USD 81.0 at the end of 2019.

BW Energy is continuing the process to establish a reserve-based lending (RBL)
facility for Dussafu with a syndicate of leading banks.

“We have managed to protect our employees and partners and maintain full
operations amid Covid-19. At the same time, we have taken action to protect our
operational and financial flexibility, having more than halved our planned capex
for 2020,” says Carl K. Arnet, CEO of BW Energy. “Our business model enables us
to rapidly adapt to changing conditions, and we will quickly resume our
development activities once restrictions are lifted. Our Dussafu assets are
profitable at low oil prices and this highly prospective area holds significant
remaining potential.”

REVISED DEVELOPMENT PLANS AND OUTLOOK

The Company has proactively taken steps to maintain a flexible financial
position. BW Energy’s total capital spending program for 2020 has been reduced
from USD 250 million to USD 115 million, of which USD 49 million was expensed in
the first quarter.

As a result, the Dussafu production projection for 2020 has been lowered to
15,000 - 16,500 bbls/day (gross) based on four producing wells, compared to an
average of 11,800 bbls/day achieved in 2019. Operating expenditure per barrel is
expected to decrease to approximately USD 16-18 per barrel, compared to USD 21
per in 2019.

Drilling of the DTM-6H well was completed in March. The installation program to
connect the well to the FPSO has been rescheduled as the COVID-19 restrictions
on international travel limits the movement of essential personnel,
subcontractors and equipment to and from several countries, including Gabon. The
Company has for the same reason suspended drilling and connection of the planned
DTM-7H well and the subsequent exploration well.

The Ruche project has also been deferred until efficient project execution can
be assured.

The Maromba project has been refocused on activities required to progress on
government approvals and optimisation of the field development plan with respect
to investment, operational costs, and schedule.

A conference call followed by Q&A will be hosted by CEO Carl K. Arnet, CFO Knut
R. Sæthre and COO Lin G. Espey today at 14:00 CEST.

Conference call information:

To dial in to the conference call where the first quarter results and Q&A will
be hosted, please dial in to one of the following numbers:

Norway: +47 23 96 39 38

France: +33 170 750 737

Singapore: +65 64 08 57 68

United Kingdom: +44 333 3009 034

United States: +1 833 526 8382

You can also follow the presentation via webcast with supporting slides,
available on:

https://bwe.eventcdn.net/2020q1/

Please note, that if you follow the webcast via the above URL, you will
experience a 30 second delay compared to the main conference call.

For further information, please contact:
Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76
[email protected]

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 FPSOs to reduce time to first oil and cashflow
with lower investments than traditional offshore developments. The main assets
are 73.5% of the producing Dussafu Marine Permit offshore Gabon and a 95%
interest in the Maromba field in Brazil, both operated by the Company. Total net
2P+2C reserves are 247 million barrels at the start of 2020 and gross average
production from Dussafu was 11,779 bbls/day in 2019.

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

Kilde

pleximus83 · juni 4, 2020, 3:13am

kikker på nettet og prøver å sammenligne størrelse på feltene her i norge,og det BWE har.

eksempel:
https://www.norskpetroleum.no/fakta/felt/valhall/

pleximus83 · juni 4, 2020, 7:59am

OLJE: ARCTIC TAR OPP DEKNING MED KJØP I BW ENERGY, SENKER KURSMÅL I PANORO OG AKER

Oslo (TDN Direkt): Arctic Securities tar opp dekning på BW Energy-aksjen med en kjøpsanbefaling og kursmål 42 kroner mens kursmålet på Panoro Energy og Aker nedjusteres til 20 kroner og 502 kroner fra tidligere 40 og 514.

Det fremkommer av analyser fra meglerhuset torsdag.

Basert på estimater om en Brent-oljepris på 60 dollar pr fat fra 2022, estimerer Arctic Securities en verdijustert egenkapital (NAV) på 42 kroner pr BW Energy-aksje, noe de mener er mer attraktivt enn noe annet lete- og produksjonsselskap under deres dekning.

Kursmålsnedjusteringen i Panoro Energy kommer på bakgrunn av et oppdatert syn på oljemarkedet og en gradvis innhenting til 60 dollar pr fat i 2022 med det faktum at Panoro Energy trenger mer tid til å konvertere betingede ressurser og letepotensial til produksjon. Kjøpsanbefalingen på selskapet opprettholdes.

For Aker sin del opprettholdes kjøpsanbefalingen.

“Aker handles til en 19 prosent rabatt til NAV som kun reflekterer konservative bokførte verdier for Aker Biomarine, Cognite og Aker Energy. Vi mener det er forsvarlig å tillegge noe ytterligere verdi til disse, og ved å gjøre dette, stiger rabatten til 32 prosent”, skriver Arctic.

PSP, [email protected]

Infront TDN Direkt, +47 21 95 60 70

pleximus83 · juni 12, 2020, 7:02pm

informativ artikkel

Det estimeres at Opecs markedsandel å være rundt 40 prosent innen 2025, opp fra 33 prosent nå i 2020 og 2021…håper på de er tilfreds og ferdig med å igangsette flere oljepriskriger på en laaaaaaaaaaaang stund

TekBot · juni 16, 2020, 2:34pm

BW Energy: Report on payments to governments

Report on payments to governments

To provide for enhanced transparency on payments made to governments, BW Energy
…

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Limited (“BW Energy” or “the Company”) has prepared a report as required by the
Norwegian Security Trading Act §5-5, following the requirements set out in the
Norwegian Accounting Act §3-3d where entities which are active in extractive
industries are required to disclose material payments made to governments in the
countries in which they operate in a separate report.

BW Energy has today published the report on payments to governments for the
financial year 2019. The report is available at
www.bwenergy.no/investors/reports-and-presentations.

For further information, please contact:

Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76
[email protected]

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 FPSOs to reduce time to first oil and cashflow
with lower investments than traditional offshore developments. The main assets
are 73.5% of the producing Dussafu Marine Permit offshore Gabon and a 95%
interest in the Maromba field in Brazil, both operated by the Company. Total net
2P+2C reserves are 247 million barrels at the start of 2020 and gross average
production from Dussafu was 11.8 kbopd in 2019.

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

Kilde

TekBot · juni 23, 2020, 4:33pm

BW Energy: Board statement on Report on payments to governments

Dilli · juli 17, 2020, 8:45am

NYHETSFILTER: BW Energy Limited Energi

26 mai, 09:40:05

TDN Direkt

Meglerhus tar opp dekning på BW Energy-aksjen – anbefaler kjøp

Danske Bank Markets tar opp dekning på BW Energy-aksjen med en kjøpsanbefaling og setter et kursmål på 29 kroner pr aksje.

Det fremgår av en oppdatering tirsdag.

Meglerhuset peker på at selskapet har en differensiert lete- og produksjon (E&P)-strategi ved at de kjøper eiendeler som ikke er utviklet og utvikler dem i faser med bruk av FPSOer, noe som i sum reduserer risikoen for aksjonærene uten å redusere for mye oppside.

Meglerhuset legger til at BW Energy handles til en stor rabatt mot verdijustert egenkapital (NAV) og mot sammenlignbare selskaper, til tross for deres solide balanse.

Johan07 · august 5, 2020, 9:15am

Litt mer interesse rundt denne hadde ikke vært feil!
håper vi med stigende oljepris vi kan nærme oss IPO kursen:) bør være god oppside gitt prisingen idag kontra andre E&P selskaper.

TekBot · august 10, 2020, 1:28pm

Financial calendar

TekBot · august 20, 2020, 12:05pm

BW Energy: Invitation to Q2 2020 Presentation 26 August

BW Energy will release its Half-Year 2020 results on Wednesday 26 August at
07:30 CEST.

…

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A conference call followed by Q&A will be hosted by CEO Carl K. Arnet, CFO Knut
R. Sæthre and COO Lin G. Espey the same day at 14:00 CEST.

Conference call information:

To dial in to the conference call where the first quarter results and Q&A will
be hosted, please dial in to one of the following numbers:

Norway: +47 23 96 39 38
France: +33 170 750 737
Singapore: +65 64 08 57 68
United Kingdom: +44 333 3009 030
United States: +1 833 526 8397

You can also follow the presentation via webcast with supporting slides,
available on: https://bwe.eventcdn.net/2020q2/

Please note, that if you follow the webcast via the above URL, you will
experience a 30 second delay compared to the main conference call.

For further information, please contact:
Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76
[email protected]

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 FPSOs to reduce time to first oil and cashflow
with lower investments than traditional offshore developments. The main assets
are 73.5% of the producing Dussafu Marine Permit offshore Gabon and a 95%
interest in the Maromba field in Brazil, both operated by the Company. Total net
2P+2C reserves are 247 million barrels at the start of 2020 and gross average
production from Dussafu was 11.8 kbopd in 2019.

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

Kilde

pleximus83 · august 26, 2020, 7:48am

Johan07 · august 26, 2020, 9:34am

Irriterende jeg solgte denne i forrige uke…
Fin oppgang idag, ikke fått lest presentasjonen, noen highlights?

pleximus83 · august 26, 2020, 10:09am

ta en titt

pleximus83 · august 26, 2020, 10:15am

dette ser bra ut

pleximus83 · august 26, 2020, 10:45am

Her likte jeg DnB bedre i sin artikkel for kvartalstall fra BW Energy

pleximus83 · august 27, 2020, 8:18am

Kaisovski · august 27, 2020, 8:42am

Selger ikke disse før kr 100😎 Hvis de får gjennomført produksjonsøkning mot 2023 vil det skapes en helt absurd cashflow sammenliknet med børsverdien vi har sett i år.
Hvis…

TekBot · september 16, 2020, 5:31am

BW Energy: Presentation material and update on Hibiscus/Ruche development plan

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

…

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The presentation references the progression of an alternative development plan
for Hibiscus/Ruche, utilising a converted jack-up instead of constructing and
installing a new wellhead platform. The conversion concept is expected to reduce
development capex, time to first oil and enable a substantial reduction to
field-development related climate gas emissions by re-using already existing
energy infrastructure.

The alternative development plan has the potential to lower the estimated cash-
break even oil price for the Hibiscus/Ruche (phase 1 and 2) development to
approximately USD 25 per barrel Brent. A final decision to restart the
Hibiscus/Ruche development is subject to lifting of COVID-19 restrictions to
allow for efficient project execution, currently expected towards year-end 2020.

The presentation also refers to the expected impact from completion of the
remaining two wells of the Tortue phase 2 development. These are currently
expected to be completed at end of Q2 2021, adding 8-9,000 gross bbls/day at
peak.

For further information, please contact:
Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76
[email protected]

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 FPSOs to reduce time to first oil and cashflow
with lower investments than traditional offshore developments. The main assets
are 73.5% of the producing Dussafu Marine Permit offshore Gabon and a 95%
interest in the Maromba field in Brazil, both operated by the Company. Total net
2P+2C reserves are 247 million barrels at the start of 2020 and gross average
production from Dussafu was 11.8 kbopd in 2019.

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

Kilde