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OTC Markets Group Welcomes BW Energy Limited to OTCQX

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BW Energy has upgraded its trading status from Pink® market to the prestigious OTCQX® Best Market, as announced by OTC Markets Group. The company, which focuses on oil and gas growth, now trades under the symbols "BWERY" and "BWEFF".

This strategic move provides U.S. investors with access to:

  • Real-Time Level 2 quotes
  • Current financial disclosures
  • Transparent trading information

BW Energy, currently operating in Gabon, Namibia, and Brazil, met OTCQX's stringent requirements including high financial standards, best practice corporate governance, and securities law compliance. CEO Carl K. Arnet expects this upgrade to generate additional long-term value through expanded U.S. investor access and increased trading volumes.

BW Energy ha migliorato il suo status di negoziazione passando dal mercato Pink® al prestigioso OTCQX® Best Market, come annunciato da OTC Markets Group. L'azienda, specializzata nella crescita nel settore petrolifero e del gas, ora è quotata con i simboli "BWERY" e "BWEFF".

Questa mossa strategica offre agli investitori statunitensi l'accesso a:

  • Quote in tempo reale di livello 2
  • Disclosure finanziarie aggiornate
  • Informazioni trasparenti sulle negoziazioni

BW Energy, attualmente operativa in Gabon, Namibia e Brasile, ha soddisfatto i rigorosi requisiti di OTCQX, tra cui elevati standard finanziari, le migliori pratiche di governance aziendale e la conformità alle leggi sui titoli. Il CEO Carl K. Arnet prevede che questo upgrade genererà valore aggiuntivo a lungo termine grazie a un ampliamento dell'accesso degli investitori statunitensi e a un aumento dei volumi di scambio.

BW Energy ha mejorado su estatus de negociación, pasando del mercado Pink® al prestigioso OTCQX® Best Market, según anunció OTC Markets Group. La compañía, enfocada en el crecimiento en petróleo y gas, ahora cotiza bajo los símbolos "BWERY" y "BWEFF".

Esta estrategia brinda a los inversores estadounidenses acceso a:

  • Cotizaciones en tiempo real de Nivel 2
  • Divulgaciones financieras actuales
  • Información transparente sobre las operaciones

BW Energy, que opera actualmente en Gabón, Namibia y Brasil, cumplió con los estrictos requisitos de OTCQX, incluyendo altos estándares financieros, las mejores prácticas de gobierno corporativo y cumplimiento de las leyes de valores. El CEO Carl K. Arnet espera que esta mejora genere un valor adicional a largo plazo mediante un mayor acceso de inversores estadounidenses y un incremento en los volúmenes de negociación.

BW Energy가 OTC Markets Group이 발표한 바와 같이 Pink® 시장에서 권위 있는 OTCQX® Best Market으로 거래 등급을 상향 조정했습니다. 이 회사는 석유 및 가스 성장에 중점을 두고 있으며, 현재 "BWERY"와 "BWEFF" 심볼로 거래되고 있습니다.

이 전략적 조치는 미국 투자자들에게 다음과 같은 접근을 제공합니다:

  • 실시간 레벨 2 시세
  • 최신 재무 공시
  • 투명한 거래 정보

현재 가봉, 나미비아, 브라질에서 운영 중인 BW Energy는 높은 재무 기준, 모범적인 기업 거버넌스, 증권법 준수 등 OTCQX의 엄격한 요건을 충족했습니다. CEO Carl K. Arnet는 이번 등급 상향이 미국 투자자 접근성 확대와 거래량 증가를 통해 장기적인 추가 가치를 창출할 것으로 기대하고 있습니다.

BW Energy a amélioré son statut de négociation en passant du marché Pink® au prestigieux OTCQX® Best Market, comme l'a annoncé OTC Markets Group. La société, axée sur la croissance dans le secteur du pétrole et du gaz, est désormais cotée sous les symboles "BWERY" et "BWEFF".

Cette démarche stratégique offre aux investisseurs américains un accès à :

  • Des cotations en temps réel de niveau 2
  • Des divulgations financières à jour
  • Des informations de négociation transparentes

BW Energy, opérant actuellement au Gabon, en Namibie et au Brésil, a satisfait aux exigences strictes d’OTCQX, incluant des normes financières élevées, les meilleures pratiques de gouvernance d’entreprise et la conformité aux lois sur les valeurs mobilières. Le PDG Carl K. Arnet s’attend à ce que cette montée en gamme génère une valeur ajoutée à long terme grâce à un accès élargi des investisseurs américains et à une augmentation des volumes de transactions.

BW Energy hat seinen Handelsstatus vom Pink®-Markt zum angesehenen OTCQX® Best Market aufgewertet, wie von der OTC Markets Group bekannt gegeben wurde. Das Unternehmen, das sich auf Wachstum im Öl- und Gassektor konzentriert, wird nun unter den Symbolen "BWERY" und "BWEFF" gehandelt.

Dieser strategische Schritt bietet US-Investoren Zugang zu:

  • Echtzeit-Level-2-Kursen
  • Aktuellen Finanzberichten
  • Transparenter Handelsinformation

BW Energy, das derzeit in Gabun, Namibia und Brasilien tätig ist, erfüllte die strengen Anforderungen von OTCQX, darunter hohe finanzielle Standards, beste Corporate-Governance-Praktiken und die Einhaltung von Wertpapiergesetzen. CEO Carl K. Arnet erwartet, dass dieses Upgrade langfristig zusätzlichen Wert durch erweiterten Zugang für US-Investoren und erhöhte Handelsvolumina schaffen wird.

Positive
  • Upgrade from Pink to OTCQX market indicates higher financial and governance standards
  • Company has diversified oil & gas assets across Gabon, Namibia, and Brazil
  • Cross-trading on OTCQX expected to increase US investor access and trading volume
  • Company meets high financial standards required for OTCQX qualification
Negative
  • None.

NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced BW Energy Limited (Oslo Bors: BWE; OTCQX: BWERY, BWEFF), a growth-focused oil and gas company, has qualified to trade on the OTCQX® Best Market. BW Energy Limited upgraded to OTCQX from the Pink® market.

BW Energy Limited begins trading today on OTCQX under the symbols “BWERY” and “BWEFF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

"The OTCQX Market provides a platform for increased recognition and engagement with a wider base of US investors. BW Energy is a fast-growing oil and gas company with production and attractive development assets in Gabon, Namibia and Brazil. We expect cross-trading on OTCQX to create additional long-term value through a broader US investor base and increased trading volumes in our shares," says Carl K. Arnet, the CEO of BW Energy.

About BW Energy Limited
BW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments. The Company has access to existing production facilities to reduce time to first oil and cashflow with lower investments than traditional offshore developments. The Company's assets are 73.5% of the producing Dussafu Marine licence offshore Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, a 95% interest in the Kudu field in Namibia, all operated by BW Energy. In addition, BW Energy holds approximately 6.6% of the common shares in Reconnaissance Energy Africa Ltd. and a 20% non-operating interest in the onshore Petroleum Exploration License 73 ("PEL 73") in Namibia. Total net 2P+2C reserves and resources were 599 million barrels of oil equivalent at the start of 2025.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market, and Pink® Open Market.

Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATSTM are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com


FAQ

What does BW Energy's upgrade to OTCQX from Pink market mean for investors?

The upgrade to OTCQX provides U.S. investors with better transparency, access to real-time Level 2 quotes, and current financial disclosures through www.otcmarkets.com. This move indicates BW Energy meets higher financial standards and follows best practice corporate governance.

How will BW Energy (BWERY, BWEFF) trading on OTCQX affect its market reach?

Trading on OTCQX will create additional long-term value through broader U.S. investor access and increased trading volumes in BW Energy shares, while maintaining its primary listing on Oslo Bors (BWE).

What are the requirements for BW Energy to trade on OTCQX Best Market?

To qualify for OTCQX, BW Energy must meet high financial standards, follow best practice corporate governance, demonstrate securities law compliance, and can utilize home market reporting for U.S. information disclosure.

Where does BW Energy operate its oil and gas production assets?

BW Energy operates oil and gas production and development assets in three key regions: Gabon, Namibia, and Brazil.

What is OTC Markets Group's (OTCM) role in BW Energy's market upgrade?

OTC Markets Group, which operates regulated markets for 12,000 U.S. and international securities, facilitates BW Energy's trading on the OTCQX Best Market, providing enhanced visibility and access to U.S. investors.
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