BW Energy Limited

Equities

BWE

BMG0702P1086

Oil & Gas Exploration and Production

Market Closed - Oslo Bors Other stock markets 10:45:00 2024-04-29 am EDT			5-day change	1st Jan Change
28.35 ^NOK	-0.87%		-1.56%	+5.00%

Apr. 25	Namibia's Kudu gas-to-power project faces further delays, sources say	RE
Mar. 08	BW Energy Starts Well Production at Hibiscus South Field in Gabon	MT

BW Energy Limited Reports Earnings Results for the Full Year Ended December 31, 2023

February 28, 2024 at 03:11 am EST

BW Energy Limited reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 507.3 million compared to USD 277.6 million a year ago. Net income was USD 81 million compared to USD 45 million a year ago.

Basic earnings per share from continuing operations was USD 0.31 compared to USD 0.17 a year ago. Diluted earnings per share from continuing operations was USD 0.31 compared to USD 0.17 a year ago.

Latest news about BW Energy Limited

Namibia's Kudu gas-to-power project faces further delays, sources say	Apr. 25	RE
BW Energy Starts Well Production at Hibiscus South Field in Gabon	Mar. 08	MT
BW Energy Starts Production from Hibiscus South Field Five Months After Discovery	Mar. 08	CI
Transcript : BW Energy Limited, Q4 2023 Earnings Call, Feb 28, 2024	Feb. 28
BW Energy Limited Reports Production Results for the Fourth Quarter and Full Year Ended 31 December 2023	Feb. 28	CI
BW Energy Limited Provides Production Guidance for the Year 2024	Feb. 28	CI
BW Energy Limited Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 28	CI
Norway's Borr Drilling Wins $82 Million of Contracts, Extensions for Jack-up Drilling Rigs	Feb. 12	MT
BW Offshore to Sell Entire 23% Stake in BW Energy for NOK1.9 Billion	Jan. 22	MT
BW Group's Stake in BW Energy Nears 52% Post Mandatory Takeover Offer	Jan. 18	MT
BW Group completed the acquisition of additional 51.96% in BW Energy Limited (OB : BWE) from BW Offshore Limited (OB:BWO) and others for NOK 3.6 billion in a tender offer.	Jan. 11	CI
BW Energy Shareholder BW Offshore to Reject BW Group's Bid	Jan. 10	MT
BW Group Floats NOK7 Billion Mandatory Takeover Offer for BW Energy	Dec. 14	MT
BW Energy Buys Floating Vessel From Saipem	Nov. 21	MT
BW Energy Limited (OB:BWE) acquired FPSO Cidade de Vitoria from Saipem SpA.	Nov. 20	CI
BW Energy Limited Reports Earnings Results for the Third Quarter Ended September 30, 2023	Nov. 16	CI
BW Energy Makes Oil Discovery Offshore Gabon	Nov. 06	MT
BW Energy Announces Substantial Oil Discovery Made in the Hibiscus South Prospect	Nov. 06	CI
BW Energy Limited Reports Production Results for the Third Quarter of 2023	23-10-26	CI
Africa Oil Bolsters Leadership Team With 2 Appointments	23-10-04	MT
BW Energy Says Fourth Well in Dussafu License Offshore Gabon Begins Production	23-09-13	MT
BW Energy Starts Oil Production from Fourth Well at Offshore Gabon Project	23-09-13	MT
BW Energy Starts Production from Fourth Well in the Hibiscus / Ruche Development	23-09-13	CI
BW Offshore Adjusts Conversion Price of 2024 Convertible Bonds	23-09-06	MT
BW Energy Secures $80 Million Facility to Finance Golfinho Field Purchase	23-09-01	MT

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Company Profile

BW Energy Limited is an exploration and production (E&P) company. The Company is involved in the acquisition, development and production of oil and natural gas fields, and holds interests in three hydrocarbon licenses in Gabon, Brazil, and Namibia. The Maromba discovery is located approximately 100 kilometers offshore in the southern part of the Campos Basin in Brazil. In Gabon, the Companyâs Dussafu license is situated within the Ruche Exclusive Exploitation Area (Ruche EEA), which covers approximately 850 square kms and includes six discovered oil fields and numerous leads and prospects. In Namibia, Kudu gas discovery asset is in the northern Orange sub-basin approximately 130 kms off the south-west coast of Namibia. It is situated on Petroleum Production license 003 (PPL003) which has an area of 4,567 square kms and the field water depth is approximately 170 meters. It also holds a 100% working interest (WI) in the Golfinho and Camarupim Clusters and 65% WI in the BM-ES-23 block.

Sector

Oil & Gas Exploration and Production

Calendar

2024-05-21 - Q1 2024 Earnings Release (Projected)

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Ratings for BW Energy Limited

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2.579 USD

Average target price

3.068 USD

Spread / Average Target

+18.98%

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