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BWEo — BW Energy News Story

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Brief: BW Energy: Strategic Entry Offshore Angola

Dec 12 (Reuters) - BW Energy Ltd BWE.OL:

BW ENERGY: STRATEGIC ENTRY OFFSHORE ANGOLA THROUGH ACQUISITION OF 10% IN BLOCK 14 AND 5% IN BLOCK 14K

TRANSACTION CARRIES A BASE CASH CONSIDERATION OF USD 97.5 MILLION NET TO BW ENERGY

DEPOSIT OF USD 6 MILLION IS PAYABLE IMMEDIATELY, WITH BALANCE TO BE SETTLED AT COMPLETION

Source text: ID:nGNE3lMQF

Further company coverage: BWE.OL

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com;))

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