BW Energy Ltd. (DE:6BW) has released an update.
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BW Energy Ltd. reported a net production of 2.14 million barrels of oil for Q2 2024, with a notable discovery increasing Hibiscus recoverable reserves by 8-12 million barrels. Financial boosts include a sale and leaseback agreement adding $110 million in net liquidity and an oversubscribed bond issue generating $100 million. The company also expanded its strategic interests by acquiring a 20% stake in Petroleum Exploration License 73 through an investment in ReconAfrica.
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