hope its NOT BW. My impression is that they are just another fly...

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Frank7717

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01/08/24

22:25

Post #: 75035343
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Originally posted by Polyh: ↑

Ooops BG Gas should be BW Energy - like others I am on holiday and struggling digitally!

BW Energy has signed a Letter Agreement (“LA”) with Reconnaissance Energy Africa Ltd (“ReconAfrica”) to acquire approximately 16.8 million common 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”) where ReconAfrica will provide BW Energy with a carry of USD 6.4 million based on the intended initial work program. BW Energy has also committed to certain contingent payments to ReconAfrica based on specific field development milestones.

BW Energy is progressing a revised development plan for the gas-to-power project that will utilize a repurposed semi-submersible drilling rig as a Floating Production Unit. Repurposing will enable an optimisation of the project timeline and significantly reduce capital investments compared to previous development concepts.The revised development concept offers tangible financial, schedule and environmental benefits. The re-use of existing facilities also supports a substantial reduction in field development related greenhouse gas emissions compared to a newly built facility. The revised integrated development plan aims to supply competitive power to a growing African market with significant upside potential.A development of the Kudu field is an attractive opportunity for BW Energy to engage in the electricity market and potentially fully or partially assume a position as an Independent Power Producer (IPP) through strategic partnering.

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hope its NOT BW. My impression is that they are just another fly by night company no one ever heard of, hiding out in Bermuda to avoid taxes and scrutiny. Not the ideal resume.
A major seems unlikely at this early stage with nothing proven yet. SASOL would appear to make most business sense, but I think Algeria and China’s ties will one day see them in the mix somehow.
But I think Scott will announce someone none of us are thinking of.

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hope its NOT BW. My impression is that they are just another fly...

Deal with Petrosea opens the door for Cokal's ramp-up plans in Indonesia

Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated

A Super PITch is key in the competition for capital

Second Christmas for 2024 coming to Kalgoorlie: Diggers & Dealers starts Monday

Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales

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hope its NOT BW. My impression is that they are just another fly...

Top Stories

Deal with Petrosea opens the door for Cokal's ramp-up plans in Indonesia

Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated

A Super PITch is key in the competition for capital

Second Christmas for 2024 coming to Kalgoorlie: Diggers & Dealers starts Monday

Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales

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Buyers (Bids)

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