BWE. Fremtiden er rosenrød.
Forrige tråd ble stengt da den ble for stor. Jeg tar derfor og starter en ny. Det passer bra da BWE er inne i en ny fase. Tre produksjonsbrønner er boret med godt resultat i Gabon og tre gjenstår. Kjøp av asset i Brasil venter på godkjennelse som kan komme når som helst.
Og gassfeltet, Kudu, kan bli mye større enn man trodde. Klipper inn litt fra en fersk artikkel Gunnarius la ut tidligere i dag:
« The Ministry of Mines and Energy says the country's Kudu gas reserves are expected to increase to 10 trillion cubic feet (TCF) from the current estimated 1.3 TCF.
The revised figure is due to the associated gas found within the Graff-1 well by Shell, Yonker, and TotalEnergies' enormous Venus-1 offshore discovery.
Petroleum Commissioner Maggy Shino said the discovery of light crude oil reserves has transformed the landscape of the Kudu gas field.
"We are seeing that we now have a possibility of us increasing this 1.3 TCF of natural gas to up to ten TCF of gas because of the associated gas that we are seeing within the graph, within the Yonker and within Venus," she said on Wednesday.
The revelation has the potential to reshape the energy landscape in Namibia and the wider Southern African Development Community (SADC) region. »
https://thebrief.com.na/index.php/component/k2/item/3348-namibia-s-kudu-gas-reserves-projected-to-increase-tenfold
10 Tcf tilsvarer 1,9 milliarder boe. Her kan man med god grunn ta i bruk betegnelsen elefant hvis dette innfris.
Og gassfeltet, Kudu, kan bli mye større enn man trodde. Klipper inn litt fra en fersk artikkel Gunnarius la ut tidligere i dag:
« The Ministry of Mines and Energy says the country's Kudu gas reserves are expected to increase to 10 trillion cubic feet (TCF) from the current estimated 1.3 TCF.
The revised figure is due to the associated gas found within the Graff-1 well by Shell, Yonker, and TotalEnergies' enormous Venus-1 offshore discovery.
Petroleum Commissioner Maggy Shino said the discovery of light crude oil reserves has transformed the landscape of the Kudu gas field.
"We are seeing that we now have a possibility of us increasing this 1.3 TCF of natural gas to up to ten TCF of gas because of the associated gas that we are seeing within the graph, within the Yonker and within Venus," she said on Wednesday.
The revelation has the potential to reshape the energy landscape in Namibia and the wider Southern African Development Community (SADC) region. »
https://thebrief.com.na/index.php/component/k2/item/3348-namibia-s-kudu-gas-reserves-projected-to-increase-tenfold
10 Tcf tilsvarer 1,9 milliarder boe. Her kan man med god grunn ta i bruk betegnelsen elefant hvis dette innfris.
Redigert 18.08.2023 kl 13:12
Du må logge inn for å svare
canarias
25.07.2024 kl 12:34
4178
Flott også å få høre om de positive aktiviteter ReconAfrika driver med.
99999
25.07.2024 kl 14:08
4116
Interessent artikkel hvorfor Namibia har fått en sterk start på sitt oljeeventyr. Statsansatte drar ril Guyana og lærer av hvorfor de har fått det til så bra der.
Mye olje og gass i Nigeria, men de store oljeselskapene er mindre interessert å investere der. De selger seg ned.
https://www.worldoil.com/news/2024/7/22/opinion-how-guyana-namibia-are-surpassing-legacy-african-oil-and-gas-producers-in-energy-investment/
Mye olje og gass i Nigeria, men de store oljeselskapene er mindre interessert å investere der. De selger seg ned.
https://www.worldoil.com/news/2024/7/22/opinion-how-guyana-namibia-are-surpassing-legacy-african-oil-and-gas-producers-in-energy-investment/
Fluefiskeren
25.07.2024 kl 17:03
4019
Dårlig utviklingen i dag. Hvis vi ser bort fra IOX (og det bør vi) så var vi dårligst av oljeselskapene på energiindeksen i dag.
99999
26.07.2024 kl 12:14
3820
Energi og gruve ministeren til Namibia deltar på AOG 2024.
https://energycapitalpower.com/namibias-minister-of-energy-and-mines-joins-aog-2024-amid-surge-in-offshore-exploration/
https://energycapitalpower.com/namibias-minister-of-energy-and-mines-joins-aog-2024-amid-surge-in-offshore-exploration/
Svava
26.07.2024 kl 15:01
3802
"In Africa, the "Norve" has secured a 109 days extension with BW Energy in Gabon. This extension will keep the "Norve" contracted until February 2025 when it will commence its subsequent contract with Marathon Oil in Equatorial Guinea."
https://newsweb.oslobors.no/message/624153
Det ut som BWE forlenger kampanjen i Gabon.
https://newsweb.oslobors.no/message/624153
Det ut som BWE forlenger kampanjen i Gabon.
canarias
26.07.2024 kl 15:08
3802
Since the end of last year the management of ReconAfrika has been renewed with a strong and experienced team.
Also as ReconAfrica operates in Namibia , they are required to meet the same standards set by BWE does for the Kudo Field.
BWE are confidend the ReconAfrica will carry out its drilling program in accordance with the highest environmental practicec.
ReconAfrica has a well established ESG program in the norhern region of Nambia which they operate .
They have provided communities with portable water by drilling 36 solar powerwater wells in villages.
ReconAfrica is an exciting opportunety for BWE to strenghen BWE posisjon in this strategic country and expand footprints in this important region.
It is also an opportunity to better understand the Nambian Basin and its geologi prior to BWE drilling program in Namibia.
Jeg håper dette kan berolige Fluefiskeren litt.
Also as ReconAfrica operates in Namibia , they are required to meet the same standards set by BWE does for the Kudo Field.
BWE are confidend the ReconAfrica will carry out its drilling program in accordance with the highest environmental practicec.
ReconAfrica has a well established ESG program in the norhern region of Nambia which they operate .
They have provided communities with portable water by drilling 36 solar powerwater wells in villages.
ReconAfrica is an exciting opportunety for BWE to strenghen BWE posisjon in this strategic country and expand footprints in this important region.
It is also an opportunity to better understand the Nambian Basin and its geologi prior to BWE drilling program in Namibia.
Jeg håper dette kan berolige Fluefiskeren litt.
Redigert 26.07.2024 kl 15:13
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Fluefiskeren
26.07.2024 kl 15:19
3784
Den var overraskende. De har jo tidligere forlenget kontrakten fra august til oktober. Det burde jo ha vært lenge nok.
Så kan man spekulere på grunnen. Er det nye problemer på Hibiscus/Ruche? Eller ønsker man å bore flere brønner? Og i såfall flere produksjonsbrønner eller flere letebrønner/avgrensningsbrønner?
Så kan man spekulere på grunnen. Er det nye problemer på Hibiscus/Ruche? Eller ønsker man å bore flere brønner? Og i såfall flere produksjonsbrønner eller flere letebrønner/avgrensningsbrønner?
Fluefiskeren
26.07.2024 kl 15:29
3766
Egentlig ikke. Alle selskaper skryter av ESG politikken sin uten at det nødvendigvis stikker så dypt. Borer man kan ulykker skje. Og fotavtrykket med veier, plattinger og vannforbruk kommer man ikke utenom uansett.
Som jeg har skrevet et par ganger før er jeg også bekymret for at de skyter leteboringen på Kudu fremover i tiden. Dette må de redegjøre for senest på Q2. Gjør de ikke det, vil det sikkert komme opp på Q/A seksjonen.
Som jeg har skrevet et par ganger før er jeg også bekymret for at de skyter leteboringen på Kudu fremover i tiden. Dette må de redegjøre for senest på Q2. Gjør de ikke det, vil det sikkert komme opp på Q/A seksjonen.
99999
26.07.2024 kl 16:55
3708
Kan jo være noe med forsinkelse på leveransene av de konvensjonelle esp'ene og de trenger riggen lenger.
Det kan bety at de framskynder letebrønnen på Bourdon og i tillegg har et eller to prospekter til de vil bore.
Veldig bra og få oversikt av hva som finnes av olje på Dussafu feltet slik at en får en best mulig feltutviklingsplan.
Det kan bety at de framskynder letebrønnen på Bourdon og i tillegg har et eller to prospekter til de vil bore.
Veldig bra og få oversikt av hva som finnes av olje på Dussafu feltet slik at en får en best mulig feltutviklingsplan.
inference
26.07.2024 kl 16:58
3722
Uff. Magefølelsen sier det er mer sannsynlig med bad news enn good news med denne forlengelsen. Tør ikke selge heller da det er så mye triggere + at day to day operations forutsatt tett på 40.000 fat/dagen fra Dussafu bør presse denne oppover 😁
OGtourist
26.07.2024 kl 17:14
3711
Considering the recent successes upon drilling of prospects, I'd say this time is good news
oto1
26.07.2024 kl 17:17
3712
Ja, dette er min tanke og.
De har 4 esp'er som skal installeres, og om de er litt forsinket og tar 2 uker hver så er det 2 mnd.
La oss si de e ferdig i november, da har de 2 mnd etterpå til å flytte riggen og bore Bourdon.
Men hva gjør de mens de venter?
Skal jeg tippe så undersøker de mer på Hibiscus Nordflanken.
De har nå trolig satt i produksjon den brønnen nå (med naturlig flow), og det kan være det er såpass interessant at de vil finne ut mer av hva som er der.
2q presentasjonen ble plutselig mer interessant.
Men det kommer vel en update snart som vil gi oss mer info.
De har 4 esp'er som skal installeres, og om de er litt forsinket og tar 2 uker hver så er det 2 mnd.
La oss si de e ferdig i november, da har de 2 mnd etterpå til å flytte riggen og bore Bourdon.
Men hva gjør de mens de venter?
Skal jeg tippe så undersøker de mer på Hibiscus Nordflanken.
De har nå trolig satt i produksjon den brønnen nå (med naturlig flow), og det kan være det er såpass interessant at de vil finne ut mer av hva som er der.
2q presentasjonen ble plutselig mer interessant.
Men det kommer vel en update snart som vil gi oss mer info.
canarias
27.07.2024 kl 14:50
3493
Siste året har ledelsen i ReconAfrica blitt byttet ut til å bli ett sterkt og erfarent team.
Operasjonene i Namibia vil holde samme høye standard som BWE har på deres Kudu felt.
Den tidligere ledelsen har hatt dårlig rykte, mens den nye ledelsen vil vise helt andre takter og holde en meget høy standard på sine prosjekter.
Operasjonene i Namibia vil holde samme høye standard som BWE har på deres Kudu felt.
Den tidligere ledelsen har hatt dårlig rykte, mens den nye ledelsen vil vise helt andre takter og holde en meget høy standard på sine prosjekter.
Fluefiskeren
27.07.2024 kl 16:21
3453
Hvilken høy standard har BWE på Kudu? Meg bekjent har de ikke boret en eneste brønn der. Kun skutt seismikk.
Men jeg anklager ikke BWE for noen ting. Det har meg bekjent ikke skjedd noe kritikkmessig på Dussafu. Akkurat nå er jeg mest interessert i hvorfor de har bedt om nærmere fire måneder forlengelse av riggkontrakten.
Men jeg anklager ikke BWE for noen ting. Det har meg bekjent ikke skjedd noe kritikkmessig på Dussafu. Akkurat nå er jeg mest interessert i hvorfor de har bedt om nærmere fire måneder forlengelse av riggkontrakten.
Redigert 27.07.2024 kl 17:12
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inference
27.07.2024 kl 18:08
3403
Koster vel litt denne riggen også. Ca MUSD 20 i kostnader om den ligger på snittet av det som er meldt (rett under 190k/dagen).
oto1
28.07.2024 kl 01:26
3293
Ja, og om BWE boren en brønn som leverer 5k fat/d så hanker BWE inn ca 30 musd per år på brønnen.
På et eller annet tidspunkt må BWE bore flere brønner for å opprettholde produksjonen, og kanskje gjør de det nå samtidig som de får undersøkt nærmere noe de ikke forventet.
Tror vi skal slappe helt av til vi får forklaringen.
På et eller annet tidspunkt må BWE bore flere brønner for å opprettholde produksjonen, og kanskje gjør de det nå samtidig som de får undersøkt nærmere noe de ikke forventet.
Tror vi skal slappe helt av til vi får forklaringen.
inference
29.07.2024 kl 07:44
3013
Og da var meldinger ute fra Pen og BWE
BW Energy: Q2 2024 trading update
BW Energy: Q2 2024 trading update
BW Energy will publish financial figures for the second quarter and first half
year of 2024 on Thursday, 29 August 2024.
Net production to BW Energy was 2.14 million barrels of oil in the second
quarter of 2024. This includes production from the Tortue, Hibiscus and Hibiscus
South fields in the Dussafu licence (73.5% working interest) and production from
the Golfinho field (100% working interest).
DUSSAFU
Production from the Dussafu licence was 1.41 million barrels net to BW Energy in
the quarter, an average of 15,570 barrels of oil per day. Production was
impacted by planned annual maintenance of the FPSO BW Adolo as well as the
situation with defective ESPs (Electrical Submersible Pumps). The annual
scheduled maintenance resulted in a shutdown of 21 days during May and June.
Work included tank-refurbishments as well as work on the boiler system, the gas
lift compressors and other general systems improvements. BW Energy completed one
lifting in the quarter in May of ~ 734,000 barrels net at an average realised
price of USD 80 per barrel. Production costs (excluding royalties) for the
period were approximately USD 29 per barrel. This compares with first quarter
production costs of USD 23 per barrel, reflecting the lower production.
The net sold volume, which is the basis for revenue recognition in the financial
statement, was approximately 940,000 barrels, including 32,500 barrels of DMO
deliveries and 173,000 barrels of state profit oil, with an under-lift position
of 341,000 barrels at the end of the period.
In May, the Company made a substantial oil discovery with good reservoir quality
in the DHIBM-7P pilot well, appraising the northern flank of the Hibiscus field.
The preliminary evaluation indicates an increase in Hibiscus gross recoverable
reserves (mid-case) of 8-12 million barrels of oil. The well will be drilled as
a production well later in the present program.
Earlier in May, the DHBSM-2P pilot well confirmed a northern extension of the
Hibiscus South field with good reservoir quality, increasing reserve estimates
of Hibiscus South. The DHBSM-2H development well has completed drilling and has
been completed with the first conventional ESP system. The well was handed over
from drilling to production on 25 July and will now start production after hook-
up and testing.
BW Energy has extended the contract for the Borr Norve jack-up, and the delivery
of conventional ESP systems including spares has now been secured, allowing all
previously drilled and completed wells to be successively worked over and
completed with conventional ESP systems. The contract extension is also expected
to include the drilling of the Bourdon prospect.
GOLFINHO
Production from the Golfinho licence was 732,000 barrels net in the quarter, an
average of 8,040 barrels of oil per day. Production was impacted by reduced gas-
lift compressor up-time and lack of gas production from the GLF-28 well. GLF-28
has subsequently been successfully restarted after ROV intervention, and work is
underway to improve reliability. A 12-day shutdown is scheduled for August on
the FPSO Cidade de Vitória, to undertake compressor maintenance and other
activities to improve production stability.
A lifting of 505,000 barrels was completed in April with a realised price of USD
90 per barrel, followed by a lifting in June of 500,000 barrels with a realised
price of USD 83 per barrel. Remaining inventory was ~385,000 barrels at the end
of the period. The production cost, excluding royalties, averaged USD 48 per
barrel.
OTHER NEWS
In April, BW Energy executed a sale and leaseback agreement with a Minsheng
Financial Leasing Co entity (MSFL) for the MaBoMo production facility on the
Dussafu Licence. The transaction added USD 110 million of net liquidity for the
Company.
In June, the Company issued a USD 100 million, five-year senior unsecured bonds
with a coupon of 10% per annum. The bond placement met strong investor demand
across Nordic and international markets and was significantly oversubscribed. An
application has been made for the bonds to be listed on the Oslo Stock
Exchange.
In July, the Company signed a Letter Agreement with Reconnaissance Energy Africa
Ltd ("ReconAfrica") to acquire ~16.8 million shares and ~16.8 million warrants
for a total consideration of USD 16 million in ReconAfrica's announced equity
raise. By participating in the equity raise, BW Energy will also receive a 20%
non-operating interest in the onshore Petroleum Exploration License 73 ("PEL
73"). This enables the Company to expand its footprint in this strategically
important energy region.
HEDGING, LIQIDITY AND DEBT
BW Energy expects to recognise a net loss of USD 1.5 million in the second
quarter related to the hedging program, of which USD 0.8 million is
unrealised.
The Company had a cash balance of approximately USD 244 million on 30 June
2024, compared to USD 150 last quarter. The increase reflects the net impact
from oil sold in the period, proceeds from the MaBoMo sale leaseback, the bond
issue, repayment on the RBL facility and investments. Investments for the period
are primarily related the ongoing Hibiscus Ruche field development program.
The Company had a total drawn debt balance of USD 589.2 million on 30 June
including the MaBoMo lease financing, the bond debt, as well as a USD 70 million
principal repayment on the Dussafu RBL.
For further information, please contact:
Brice Morlot, CFO BW Energy, +33.7.81.11.41.16
ir@bwenergy.no (mailto:ir@bwenergy.no)
BW Energy: Q2 2024 trading update
BW Energy: Q2 2024 trading update
BW Energy will publish financial figures for the second quarter and first half
year of 2024 on Thursday, 29 August 2024.
Net production to BW Energy was 2.14 million barrels of oil in the second
quarter of 2024. This includes production from the Tortue, Hibiscus and Hibiscus
South fields in the Dussafu licence (73.5% working interest) and production from
the Golfinho field (100% working interest).
DUSSAFU
Production from the Dussafu licence was 1.41 million barrels net to BW Energy in
the quarter, an average of 15,570 barrels of oil per day. Production was
impacted by planned annual maintenance of the FPSO BW Adolo as well as the
situation with defective ESPs (Electrical Submersible Pumps). The annual
scheduled maintenance resulted in a shutdown of 21 days during May and June.
Work included tank-refurbishments as well as work on the boiler system, the gas
lift compressors and other general systems improvements. BW Energy completed one
lifting in the quarter in May of ~ 734,000 barrels net at an average realised
price of USD 80 per barrel. Production costs (excluding royalties) for the
period were approximately USD 29 per barrel. This compares with first quarter
production costs of USD 23 per barrel, reflecting the lower production.
The net sold volume, which is the basis for revenue recognition in the financial
statement, was approximately 940,000 barrels, including 32,500 barrels of DMO
deliveries and 173,000 barrels of state profit oil, with an under-lift position
of 341,000 barrels at the end of the period.
In May, the Company made a substantial oil discovery with good reservoir quality
in the DHIBM-7P pilot well, appraising the northern flank of the Hibiscus field.
The preliminary evaluation indicates an increase in Hibiscus gross recoverable
reserves (mid-case) of 8-12 million barrels of oil. The well will be drilled as
a production well later in the present program.
Earlier in May, the DHBSM-2P pilot well confirmed a northern extension of the
Hibiscus South field with good reservoir quality, increasing reserve estimates
of Hibiscus South. The DHBSM-2H development well has completed drilling and has
been completed with the first conventional ESP system. The well was handed over
from drilling to production on 25 July and will now start production after hook-
up and testing.
BW Energy has extended the contract for the Borr Norve jack-up, and the delivery
of conventional ESP systems including spares has now been secured, allowing all
previously drilled and completed wells to be successively worked over and
completed with conventional ESP systems. The contract extension is also expected
to include the drilling of the Bourdon prospect.
GOLFINHO
Production from the Golfinho licence was 732,000 barrels net in the quarter, an
average of 8,040 barrels of oil per day. Production was impacted by reduced gas-
lift compressor up-time and lack of gas production from the GLF-28 well. GLF-28
has subsequently been successfully restarted after ROV intervention, and work is
underway to improve reliability. A 12-day shutdown is scheduled for August on
the FPSO Cidade de Vitória, to undertake compressor maintenance and other
activities to improve production stability.
A lifting of 505,000 barrels was completed in April with a realised price of USD
90 per barrel, followed by a lifting in June of 500,000 barrels with a realised
price of USD 83 per barrel. Remaining inventory was ~385,000 barrels at the end
of the period. The production cost, excluding royalties, averaged USD 48 per
barrel.
OTHER NEWS
In April, BW Energy executed a sale and leaseback agreement with a Minsheng
Financial Leasing Co entity (MSFL) for the MaBoMo production facility on the
Dussafu Licence. The transaction added USD 110 million of net liquidity for the
Company.
In June, the Company issued a USD 100 million, five-year senior unsecured bonds
with a coupon of 10% per annum. The bond placement met strong investor demand
across Nordic and international markets and was significantly oversubscribed. An
application has been made for the bonds to be listed on the Oslo Stock
Exchange.
In July, the Company signed a Letter Agreement with Reconnaissance Energy Africa
Ltd ("ReconAfrica") to acquire ~16.8 million shares and ~16.8 million warrants
for a total consideration of USD 16 million in ReconAfrica's announced equity
raise. By participating in the equity raise, BW Energy will also receive a 20%
non-operating interest in the onshore Petroleum Exploration License 73 ("PEL
73"). This enables the Company to expand its footprint in this strategically
important energy region.
HEDGING, LIQIDITY AND DEBT
BW Energy expects to recognise a net loss of USD 1.5 million in the second
quarter related to the hedging program, of which USD 0.8 million is
unrealised.
The Company had a cash balance of approximately USD 244 million on 30 June
2024, compared to USD 150 last quarter. The increase reflects the net impact
from oil sold in the period, proceeds from the MaBoMo sale leaseback, the bond
issue, repayment on the RBL facility and investments. Investments for the period
are primarily related the ongoing Hibiscus Ruche field development program.
The Company had a total drawn debt balance of USD 589.2 million on 30 June
including the MaBoMo lease financing, the bond debt, as well as a USD 70 million
principal repayment on the Dussafu RBL.
For further information, please contact:
Brice Morlot, CFO BW Energy, +33.7.81.11.41.16
ir@bwenergy.no (mailto:ir@bwenergy.no)
inference
29.07.2024 kl 08:10
2947
Syns jo ikke dette er yberbull akkurat. Ting tar veldig lang tid. Gjeld på musd 600.
99999
29.07.2024 kl 08:44
2890
Positivt at de har sikret leveransene til alle de konvensjonelle esp'ene og fått kontrakt med boreriggen Norve ytterligere i 109 dager.
Bourdon vil også bli boret.
Foreløpig ingen nyheter av tolkningen av 3D seismikken på Kudu.
Bourdon vil også bli boret.
Foreløpig ingen nyheter av tolkningen av 3D seismikken på Kudu.
kvirrevi
29.07.2024 kl 08:56
2834
Skulle ønsket de kunne sagt noe om når produksjonen kom opp mot full kapasitet (jeg legger til grunn ca 12. juni, og at produksjonen på Dussafu fra da av har lagt mellom 35-4000 fat). Når de ikke har sagt noe legger jeg til grunn det de opplyste til myndighetene i Gabon.
kvirrevi
29.07.2024 kl 09:17
2763
Jeg ser den, er litt usikker på om det er riktig å legge til grunn ca. 30 000 fat for juli, og høyere for august, kanskje 35 000 fat. Basert på informasjonen fra Pen kan dette synes riktig. Uansett, for juli blir det igjen lavere produksjonskost og høyere produksjon, og dette vil bli ytterligere forbedret i august og månedene fremover.
Fluefiskeren
29.07.2024 kl 10:32
2652
Tolkingen av seismikken kommer nok som egen børsmelding. Dette må de si noe om senest på Q2. Den skulle ut i fra guiding vært ferdig for lengst.
General T
29.07.2024 kl 18:25
2385
Sounds very optimistic. There's no mention of any workouts being performed yet
In addition this will count as OPEX and hence reduce profit significantly which is what the market responds to
In addition this will count as OPEX and hence reduce profit significantly which is what the market responds to
99999
29.07.2024 kl 18:52
2372
Da blir det en installasjon av en konvensjonell ESP hver 14 dag. Med andre ord en 8 trinns rakett med en Grand Finale med boringen av letebrønn på Bourdon med boreriggen Norve.
Face
29.07.2024 kl 23:11
2282
Q1 conf call: And second question, a bit from the slide here is, with all the organic growth initiatives you have in the portfolio now, is M&A a bit more off the table or are you still kind of actively exploring that as well?
The M&A activity. I mean we have a lot on our table are we still having appetite for M&A?
We are looking at lots of things that comes our way. People want to talk to us. We're extremely appreciative of that. And we will always look but you are right in the sense that we feel we have a very, very attractive portfolio of assets. But of course, if we were to find something that we would find even more attractive than what we have in our portfolio today, sensible, let's say, financial development is then to go for the most attractive you have, first, which is -- that's the normal -- that's a normal thing we will do. So yes, we're constantly looking at M&A opportunities.
The M&A activity. I mean we have a lot on our table are we still having appetite for M&A?
We are looking at lots of things that comes our way. People want to talk to us. We're extremely appreciative of that. And we will always look but you are right in the sense that we feel we have a very, very attractive portfolio of assets. But of course, if we were to find something that we would find even more attractive than what we have in our portfolio today, sensible, let's say, financial development is then to go for the most attractive you have, first, which is -- that's the normal -- that's a normal thing we will do. So yes, we're constantly looking at M&A opportunities.
Foreigner
30.07.2024 kl 11:08
2079
Rule one offshore; if it works don't mess with it...whoever made the desicion to go full new technology with new ESPs should be fired... but this never happens in Norway I have seen. There should be more accountability.
Fluefiskeren
31.07.2024 kl 19:47
1858
Petrobras har lagt inn bud på 40 % i Galp sitt Mopane funn på nabolisensen til Kudu. Det er ikke så ofte de tar veien fra Brasil, så her ser de virkelig et potensialt. Går vi langt tilbake i tid hang Afrika sammen med Sør-Amerika og Namibia tilsvarer sør i Brasil hvor det er gjort gigafunn.
Som linket til tidligere har også andre majors vist interesse for denne blokken.
https://energycapitalpower.com/petrobras-namibias-mopane-discovery/
Som linket til tidligere har også andre majors vist interesse for denne blokken.
https://energycapitalpower.com/petrobras-namibias-mopane-discovery/
canarias
31.07.2024 kl 20:25
1882
Meget interesann nyhet Fluefiskeren , som du sier har Petrobas god teft.
inference
31.07.2024 kl 21:14
1861
Dumt spm sikkert men hvor i løypa er Mopane vs Kudu?
Dvs hvor sikre er reservene og hva er tidslinjen?
Dvs hvor sikre er reservene og hva er tidslinjen?
Fluefiskeren
31.07.2024 kl 21:28
1851
Kudu ble funnet i 1974 og Mopane ble funnet i 2024 så det flåsete svaret er at Kudu ligger 50 år foran. Mange har vært innom Kudu, men alle har kastet kortene. Det er naturlig at Kudu kommer først i produksjon, men skal ikke vedde på det. Majors har potensial til å drive funnene fort til produksjon slik ministeren i Nambia har vært klar på. Det kan jo også hende at det blir et samarbeid mellom BWE og majors. Virker som bruker veldig lang tid på tolkingen av seismikken, og når de trekker Kudu inn i onshore satsningen så vet jeg hva jeg skal tro. Det siste de har uttrykt er vel en letebrønn tidlig i 2025, men jeg vil se det før jeg tror det.
inference
31.07.2024 kl 21:43
1843
Har de borret på Mopane eller er det seismikken som budgivere byr på?
Fluefiskeren
31.07.2024 kl 21:50
1834
Det er boret to brønner og Galp anslår oil in place på voldsomme 10 milliarder fat eller mer.
inference
31.07.2024 kl 21:57
1818
Alright. Takk for raske og gode svar. Så litt ut i 2025 KAN vi trolig ha det samme produktet (borret letebrønner) men dog ikke samme volumet.
inference
01.08.2024 kl 07:46
1680
Tja. Ser på dette mer som en lottokupong enn noe annet
BW Energy completes farm-in and acquisition of securities of Reconnaissance Energy
BW Energy completes farm-in and acquisition of securities of Reconnaissance
Energy
(With reference to stock exchange release dated 17 July 2024 regarding Letter
Agreement to acquire shares in Reconnaissance Energy Africa Ltd. and 20%
interest in onshore exploration license PEL 73 in Namibia)
BW Energy Services Limited, a wholly owned subsidiary of BW Energy Limited ("BW
Energy"), has acquired an aggregate of 17,600,000 common shares ("Common
Shares") and 17,600,000 common share purchase warrants ("Warrants" and together
with the Common Shares ("Units")) of Reconnaissance Energy Africa Ltd. (the
"Company").
The Units were acquired at a purchase price of CAD1.25 per Unit, for an
aggregate purchase price of CAD 22 million or approximately USD 16
million pursuant to the previously announced offering (the "Offering") of Units
by the Company.. Each Unit is comprised of one Common Share and one Warrant,
with each Warrant entitling the holder thereof to purchase one Common Share at a
price of CAD 1.75 within 24 months following the closing of the Offering.
Following the closing of the Offering, BW Energy Services Limited owns
approximately 6.6% of the outstanding Common Shares, not including the
Warrants.
Consequently, BW Energy Rundu Limited, a wholly owned subsidiary of BW Energy,
has entered into a farm-in agreement with Renaissance Energy Namibia Pty Ltd., a
wholly owned subsidiary of the Company, providing for the terms of a farm-in
transaction, including the transfer to BW Energy Rundu Limited of a 20% working
interest in the onshore exploration license PEL 73 in Namibia.
BW Energy completes farm-in and acquisition of securities of Reconnaissance Energy
BW Energy completes farm-in and acquisition of securities of Reconnaissance
Energy
(With reference to stock exchange release dated 17 July 2024 regarding Letter
Agreement to acquire shares in Reconnaissance Energy Africa Ltd. and 20%
interest in onshore exploration license PEL 73 in Namibia)
BW Energy Services Limited, a wholly owned subsidiary of BW Energy Limited ("BW
Energy"), has acquired an aggregate of 17,600,000 common shares ("Common
Shares") and 17,600,000 common share purchase warrants ("Warrants" and together
with the Common Shares ("Units")) of Reconnaissance Energy Africa Ltd. (the
"Company").
The Units were acquired at a purchase price of CAD1.25 per Unit, for an
aggregate purchase price of CAD 22 million or approximately USD 16
million pursuant to the previously announced offering (the "Offering") of Units
by the Company.. Each Unit is comprised of one Common Share and one Warrant,
with each Warrant entitling the holder thereof to purchase one Common Share at a
price of CAD 1.75 within 24 months following the closing of the Offering.
Following the closing of the Offering, BW Energy Services Limited owns
approximately 6.6% of the outstanding Common Shares, not including the
Warrants.
Consequently, BW Energy Rundu Limited, a wholly owned subsidiary of BW Energy,
has entered into a farm-in agreement with Renaissance Energy Namibia Pty Ltd., a
wholly owned subsidiary of the Company, providing for the terms of a farm-in
transaction, including the transfer to BW Energy Rundu Limited of a 20% working
interest in the onshore exploration license PEL 73 in Namibia.
99999
01.08.2024 kl 12:22
1556
Det er mye bedre sjanse for drivverdig oljefunn enn på kjøp av en Lottobong og vinne førstepremien der.
Resultatet kommer i oktober så det blir noen måneder å vente.
Forventningene til funn vil øke framover til resultatet kommer.
Resultatet kommer i oktober så det blir noen måneder å vente.
Forventningene til funn vil øke framover til resultatet kommer.
canarias
01.08.2024 kl 16:16
1450
BWE har tatt en kalkulert risiko her og oppsiden kan bli betydelig.
Fluefiskeren
01.08.2024 kl 16:56
1408
«Galp wants big seismic shoot over massive Mopane discovery to cover Shell and Rhino acreage
Portuguese company's plan for major 3D survey indicates freshly discovered Mopane play extends south
Published 1 August 2024, 12:15
Galp Energia is seeking environmental clearance from Namibia’s authorities for a major 3D seismic shoot over its huge Mopane oil and gas discovery in Petroleum Exploration Licence 83, that would also extend into acreage operated by Shell and Rhino Resources.
Galp said it has discovered in-place resources of 10 billion barrels of oil equivalent at Mopane, after recently competing two exploration wells, one of which was successfully flow tested.
The company plans to fire up a four-well appraisal drilling programme later this year to better define the resources it has discovered and boost its understanding of the sub-surface.
https://www.upstreamonline.com/exploration/galp-wants-big-seismic-shoot-over-massive-mopane-discovery-to-cover-shell-and-rhino-acreage/2-1-1685856
Portuguese company's plan for major 3D survey indicates freshly discovered Mopane play extends south
Published 1 August 2024, 12:15
Galp Energia is seeking environmental clearance from Namibia’s authorities for a major 3D seismic shoot over its huge Mopane oil and gas discovery in Petroleum Exploration Licence 83, that would also extend into acreage operated by Shell and Rhino Resources.
Galp said it has discovered in-place resources of 10 billion barrels of oil equivalent at Mopane, after recently competing two exploration wells, one of which was successfully flow tested.
The company plans to fire up a four-well appraisal drilling programme later this year to better define the resources it has discovered and boost its understanding of the sub-surface.
https://www.upstreamonline.com/exploration/galp-wants-big-seismic-shoot-over-massive-mopane-discovery-to-cover-shell-and-rhino-acreage/2-1-1685856