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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Beacon Energy Plc | BCE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.0025 | -4.35% | 0.055 | 11:38:03 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.0575 | 0.0525 | 0.0575 | 0.055 | 0.0575 |
| Industry Sector |
|---|
| CONSTRUCTION & MATERIALS |
| Top Posts |
|---|
Posted at 29/2/2024 14:20 by apotheki Absolutely spot on Paul, time and time again this happens to the unwary investor and it's scandalous how easy it is to get away with it. Some of the financial press are complicit in this - on a regular basis. Perhaps they are plain lazy and don't do any research before they write a glowing article for a company promote - or perhaps they are just interested in any old story and just haven't got a conscience. Perhaps they don't have any financial experience at all and are just as unwary as some PIs. My tactic now is that if there is a sudden concerted effort by a co. to ramp its share price and its balance sheet is low on cash then if I'm holding the share I sell into the price spike - more often than not there's a fund raise coming soon.Fundraises Generally A pattern seems to be emerging, where speculative companies run out of cash, then they pump the share price with upbeat-sounding RNSs. Shortly afterwards they announce a discounted placing into any subsequent share price rise. Private investors speculating on these shares, buying the price rises, seem to be lambs to the slaughter. It doesn't seem right to me that shares are still trading, when the company is secretly offering discounted shares to larger investors in placings. It's often obvious from the share price that news has leaked. We really do need the rules changed (and/or enforced), so that shares are suspended when any company decides to do a fundraise. Also we need quicker, cheaper mechanisms for companies to raise cash. In the meantime, there's a simple way to avoid being clobbered by a discounted placing - don't buy or hold any share where the company doesn't have a cash runway of well over 12 months. Ideally investments should be companies which are profitable and cash generative, hence won't ever need to raise more cash just to keep the lights on. Jam tomorrow/ blue sky shares are a graveyard for optimistic investors, avoiding these things has been the biggest boost for my personal portfolio returns. That said, the odd one multibags, which is what excites people. |
Posted at 28/2/2024 19:18 by technowiz I know.. wish they had done it last week when share price was 0.009 why it taken 2 weeks to RNS.. maybe II investors wanted the lowest price possible.well the 0.05p shares don't trade tomorrow. maybe some IIs might be tempted to flip them for profit. so anybody selling tomorrow at 0.05p is selling at a massive loss. been adding to my holding over last couple weeks. last one today at 0.0726 so raise is £2.6m but retail via primary bid is what 10%? thats 260k. if 200 investors subscribe thats only 1.3K each. |
Posted at 28/2/2024 18:53 by technowiz I'm with ii too. there box asks for an amount.don't have much spare funds. either 2K this evening or maybe sell some other shares tomorrow and put in a bit more. the RNS doesn't say how much retail investors will be able to apply for. likely get scalled back? if so any idea what to? |
Posted at 19/1/2024 16:21 by haff1 So ridiculously cheap investors beginning to come back? |
Posted at 09/1/2024 11:17 by haff1 Looks like some disenchanted investors have other places to invest in.... at least in the short-term... |
Posted at 12/12/2023 17:09 by gist328 Why is the agm in the Isle of Man , why not on mainland where investors can attend to ask questions |
Posted at 15/9/2023 07:46 by apotheki Larry Bottomley, CEO of Beacon Energy, commented:"We are delighted to have received such strong support in this process from both existing and new investors. The Fundraise was significantly oversubscribed, bringing a number of new high quality institutional investors onto the shareholder register - a testament to the quality of the Company's asset base and the scope for material value creation. The fundraise provides welcome additional working capital to support bringing the SCHB-2(2.) well into commercial production. We would like to thank our new and existing investors for their support and look forward to providing further updates on our operational progress in due course." |
Posted at 23/8/2023 11:40 by bmwman3 Beacon Energy: further to climb?by Charles ArcherAugust 23, 2023Beacon Energy shares have shot up over the past few days. Is there further to go, or is this pure speculation?Beacon Energy shares have rocketed since circa 7 August, as investors and traders consider the potential implications of its Schwarzbach-2(2.) drilling operations. The share could still be a buy, but investors are speculating on continued success â" and only volatility can be reliably guaranteed.Letâs dive in.Beacon Energy updatesOn 7 August, Beacon â" which owns a portfolio of onshore German assets in varying stages of production, development, or appraisal â" gave its first key update on the ongoing Schwarzbach-2(2.) drilling. Or in other words, the first the market paid actual attention to.Beacon noted that âdrilling is currently underway in the deviated mechanical sidetrack. The well is on track to achieve the primary objectives of testing the reservoir targets, and completing this well as a producer as part of the development of the Stockstadt Mitte segment of the Erfelden field.âThe company also promised a further update as appropriate, and this came just nine days later on 16 August with speculation swirling.It noted âthe recent movement in the price of the Companyâs shares on AIM,â and took the opportunity to remind investors that its targeted segment was assigned 2P oil reserves of 3.784mmbbls from the CPR report published in December last year.Beacon also brought investors up to date on the technicals: the well had reached a total drill depth of 2255 metres measured depth, with electric wireline logging ongoing. This is a technical process where drillers use electrical instruments to continuously measure downhole formation attributes using special tools or equipment lowered into the borehole.Self-eviden |
Posted at 23/8/2023 10:35 by apotheki Beacon Energy: further to climb?by Charles Archer August 23, 2023 Beacon Energy shares have shot up over the past few days. Is there further to go, or is this pure speculation? Beacon Energy shares have rocketed since circa 7 August, as investors and traders consider the potential implications of its Schwarzbach-2(2.) drilling operations. The share could still be a buy, but investors are speculating on continued success — and only volatility can be reliably guaranteed. Let’s dive in. Beacon Energy updates On 7 August, Beacon — which owns a portfolio of onshore German assets in varying stages of production, development, or appraisal — gave its first key update on the ongoing Schwarzbach-2(2.) drilling. Or in other words, the first the market paid actual attention to. Beacon noted that ‘drilling is currently underway in the deviated mechanical sidetrack. The well is on track to achieve the primary objectives of testing the reservoir targets, and completing this well as a producer as part of the development of the Stockstadt Mitte segment of the Erfelden field.’ The company also promised a further update as appropriate, and this came just nine days later on 16 August with speculation swirling. It noted ‘the recent movement in the price of the Company’s shares on AIM,’ and took the opportunity to remind investors that its targeted segment was assigned 2P oil reserves of 3.784mmbbls from the CPR report published in December last year. Beacon also brought investors up to date on the technicals: the well had reached a total drill depth of 2255 metres measured depth, with electric wireline logging ongoing. This is a technical process where drillers use electrical instruments to continuously measure downhole formation attributes using special tools or equipment lowered into the borehole. Self-evidently, until this process was completed, and results analysed, Beacon could not definitively make any claims over ‘the implications for the future cash generative potential of the Erfelden field’ and it further noted that ‘and the Company’s aspiration to build a self-funding platform for growth will not be known.’ But it did make sure to inform investors that it looked forward to updating the market ‘in due course.’ And investors didn’t have long to wait. On 18 August, Beacon gave a summary of promising new updates: The well encountered good quality oil-bearing reservoirs in the Meletta-Schichten sandstones and the Pechelbronner-Schich The electric wireline logging programme had been completed and initial analysis showed good quality oil-bearing reservoirs, with porosity ranges above pre-drill expectations. Initial evaluation of the logs over the PBS indicated a 34-metre gross interval containing 28 metres of oil-bearing net reservoir, with porosities averaging 18% and up to 28%. These oil-bearing reservoirs were encountered approximately 25 metres higher than prognosis with oil observed on the shale shakers and in the mud pit whilst drilling these intervals. No water-bearing sands were encountered in the Meletta or the PBS intervals. The operating team is now undertaking reservoir clean-up, production testing and installing the production liner to bring the well into production through the existing Schwarzbach facilities, which are already owned and operated by the company. No extra costs is a huge deal. And most importantly, the company expects that this new production will ‘be brought onstream over the next month’ — with a further update due very soon after the reservoir clean-up and production testing have finished. CEO Larry Bottomley — who has enjoyed senior stints at Perenco, Hunt Oil, Triton, Chariot, and FTSE 100 oil major BP — enthused that the new well has been ‘safely, effectively and successfully drilled and logged…the well has encountered oil bearing reservoir in the Meletta and PBS sandstones, both shallower than predicted with the PBS being a thicker interval with more sand and of better quality than pre-drill estimates. These results imply significant upside to the reserve range assigned to the Stockstadt Mitte segment in the CPR.’ Unlike the previous RNS, the CEO was prepared to announce that electrical wireline logging analysis shows that the well ‘has the capacity to materially increase the Company’s production and revenue…this is a very important step in the Company’s aspiration to build a self-funding platform for growth.’ But even more encouragingly, this positive result de-risks the 2C contingent resources of 2.4mmbbls assigned to the adjacent Schwarzbach South segment — which is the next company target at the Erfelden field. Beacon is now focusing on completing the well for production, and an update could come literally at any time. This well was the company-maker, but what the market is missing is that the rest of Erfelden is now a far more prospective resource. This is Germany — there’s next to no chance of regulatory problems. And with Australian workers striking, the Ukraine War still raging, and winter coming down the track, gas prices will likely continue to rise. The next RNS could well see another share price jump. |
Posted at 03/1/2023 07:40 by the chairman elect Beacon Energy plcTransaction and Corporate Update Beacon Energy plc ( AIM: BCE ), the energy company seeking growth through acquisition or farm-in to interests in discovered upstream projects, is pleased to provide the following update on the proposed transaction to acquire the entire issued and to be issued share capital of Rhein Petroleum GmbH asannounced by RNS on 16 December 2022 (the "Proposed Transaction"): · The Company has received notification that the shareholders of Tulip Oil Holding B.V. have approved the Proposed Transaction, a condition precedent for the Proposed Transaction to proceed · The Company has today published on its website a Competent Person's Report ("CPR") prepared by SGS Nederland B.V, relating to the Rhein Petroleum assets. The CPR outlines: o 2P net reserves of 3.85 mmbbl and 2C net contingent resource base of 22.96 mmbbl, located across the four core assets within the Rhein Petroleum portfolio o NPV10 valuation of 52.8 million related to the 2P reserve base o Cumulative free cash flow of €95.0 million forecast in relation to the 2P reserve base · Proposed appointment of Stewart MacDonald as an Executive Director and Chief Financial Officer of the Company, subject to Completion of the Proposed Transaction · Tulip Oil has nominated Leo Koot as its representative Non-Executive Director, subject to Completion of the Proposed Transaction and completion of due diligence by the Company's Nominated Adviser, in accordance with the terms of the share purchase agreement announced on 16 December 2022 In addition, the Company notes that it intends to provide private and other qualifying investors the opportunity to participate in the Company's proposed forthcoming equity fundraise outlined in the RNS issued on 16 December 2022 through PrimaryBid, full details of which be provided in due course. As announced on 22 December 2022, the Company will host a live investor presentation relating to the Proposed Transaction via the Investor Meet Company platform on 5 January 2023 at 10:30am GMT. Investors can sign up to the Investor Meet Company platform for free and 'add to meet' BEACON ENERGY PLC via the following link: hxxps://www.investor Further details on the Proposed Directors Stewart MacDonald has over 20 years of energy industry and investment banking experience. Previously, Stewart was an Executive Director and Chief Financial Officer of Rockhopper Exploration plc for 8 years from March 2014. Prior to joining Rockhopper, Stewart was a director of Rothschild's global Energy and Power investment banking group, where he spent 12 years advising clients in the sector on a range of M&A transactions as well as debt and equity financings. He was also previously a non-executive Director of United Oil & Gas plc. Leo Koot is a Dutch national with over 30 years of international experience in the Energy & Power sector. Leo's previous roles include Drilling Engineer at Shell plc, Managing Director UK then President Iraq for TAQA, Executive Chairman of Columbus Energy Resources plc, and Independent Non-Executive Director for Sterling Energy plc. Leo is currently Executive Chairman of Tulip Oil Holdings B.V., Joint MD at Rhein Petroleum GmbH and partner at Concordia Capital Partners (MENA GULF). Beacon Energy Non-Executive Chairman, Mark Rollins, said : "We look forward to Stewart and Leo's prospective appointments to the Company's Board. "Stewart has been instrumental in the Proposed Transaction over the last 6 months, where his background and experience of M&A and financing has been invaluable, and those skills will further support our ambitions to grow Beacon Energy into a material business. "Leo's knowledge of the Rhein Petroleum portfolio and experience in the German [oil & gas] sector will be essential as we integrate the business, pursue the near-term drilling and actively engage in in-country business development. The Company will also benefit for Leo's extensive sector experience as we continue to grow Beacon Energy for the benefit of all shareholders. "We are delighted that the transaction continues to progress as planned and look forward to providing further updates in due course." |
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