BW Energy Ltd. (DE:6BW) has released an update.
BW Energy Services Limited, a subsidiary of BW Energy Ltd., has acquired 17.6 million common shares and purchase warrants of Reconnaissance Energy Africa Ltd., investing approximately USD 16 million. This strategic move also includes a 20% stake in exploration license PEL 73 in Namibia as BW Energy continues its growth strategy targeting proven offshore oil and gas reservoirs.
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