Core Points - BW Energy Limited ("BWE") has approved a Long-Term Incentive Program (LTIP) to align employee interests with shareholders [1] - A total of 1,120,000 share options have been awarded under the LTIP for 2025, with nine employees invited to participate [2] - The strike price for the options is set at NOK 41.56, calculated with a 15.75% premium over the average share price [3] - The options have a vesting period of three years and an exercise period of three years, expiring six years after the award date [3] - Following the new awards, BWE will have a total of 6,696,013 outstanding options [4] - Key executives awarded options include CEO Carl K. Arnet (500,000 options) and CFO Brice Morlot (125,000 options) [4][5] Company Overview - BW Energy is a growth exploration and production (E&P) company focusing on proven offshore oil and gas reservoirs through low-risk phased developments [8] - The company has access to existing production facilities, which allows for reduced time to first oil and cash flow with lower investments [8] - BWE's assets include a 73.5% interest in the Dussafu Marine licence offshore Gabon and various interests in fields in Brazil and Namibia, totaling 599 million barrels of oil equivalent in net 2P+2C reserves and resources at the start of 2025 [8]

Core Viewpoint - A class action lawsuit has been filed against Sable Offshore Corp. for allegedly making false statements regarding its oil production status, which misled investors and inflated stock prices [1][3]. Company Overview - Sable Offshore Corp. is headquartered in Houston and operates in offshore oil and gas [3]. Legal Action Details - The lawsuit is initiated by Berger Montague PC on behalf of investors who acquired Sable securities between May 19, 2025, and June 3, 2025, including during the Company's secondary public offering in May 2025 [1][2]. - Investors are encouraged to seek appointment as lead plaintiff representatives by the deadline of September 26, 2025 [2]. Allegations - The complaint alleges that Sable misrepresented the status of its oil production, claiming it had restarted operations off the coast of California when it had not, leading to an artificial inflation of the stock price [3].