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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
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.00375 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.0035 | 0.0035 | 0.00375 | 0.00375 | 0.00375 |
| Industry Sector |
|---|
| CONSTRUCTION & MATERIALS |
| Top Posts |
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Posted at 01/7/2024 10:07 by sweet karolina2 Pure genius advice there from Gist. You can't do anything else, the shares are suspended, if you wanted to sell (or mugpunt and buy more) you had to have done it before close on Friday.All those trapped in here now face months of waiting to find out whether they have lost all their money or whether this uber dog will limp on as a zombie sucking in more mugpunters as it goes - no serious investor is going to have the slightest interest and it is serious investors that put up the new money needed to keep companies alive, not mugpunters. |
Posted at 29/6/2024 10:32 by pwhite73 sk2 - "but you don't even understand the basics and you pooh pooh fair and rational assessments made be people who do at least understand the basics."You still don't get it. Whether none, one or a million barrels of oil is extracted not a single drop will be coming the way of retail investors, punters or mugpunters. The punt is not on the basics or the fundamentals. The punt is on the direction of the share price. If the creditors agree a deferral, the results are published as a going concern the share price can rise exponentially on sentiment. That is what the punt is on. Here endeth your lesson for the day. Now you go and enjoy the sunshine. |
Posted at 29/6/2024 10:06 by sweet karolina2 You don't need to be an expert to make a judgement, but you don't even understand the basics and you pooh pooh fair and rational assessments made be people who do at least understand the basics. I am no expert and indeed used to mugpunt like you, until I got fed up of losing money and decided to at least learn the basics.Try a little experiment at home. 50 BOPD means 1 litre every 10 seconds, roughly. Get a 1 litre measuring jug and fill it from the tap at a flow that takes 10 seconds to fill, try again to fill within 4 seconds (the absolute best case of current (rapidly declining) production and this new disappointing well). Then ask yourself can pathetic trickles like that ever excite real investors. Yes it will be real investors, not mugpunters, who need to dig into their pockets for the company to survive. Especially as all flowrates decline pretty steadily - see the CPR for the graphs on Laubden, which was going to be converted to a water supply well in 6 months time. The 2P reserves should be re-estimated as part of the AR process as asset value impairments are needed to calculate NAV and it is crystal clear that the 13 Nov raised estimates of volumes and NPV and the originals in the CPR are way way too optimistic, they may come out as a few 100,000s not millions of barrels. The 2C resources (ie no account of whether they might be economically recoverable or not and on past performance they may not be as no money overall has been made by Rhein on any of its wells, yet the old ones still carry abandonment liabilities) are just worthless pie in the sky wishful thinking for mugpunters to salivate over. |
Posted at 24/6/2024 10:51 by pwhite73 sweet karolina - "The oil may well be there, but the question is can it be extracted economically."Yes it can. All onshore oil in western countries can be extracted economically if the initial funding for the work is there. A barrel of oil today sells for $83. 7 million x $83 = $581 million. Even selling the oil at half the price is still $290 million. sweet karolina - "it would be very surprising if the auditors sign off on the company being a going concern" The company has requested a suspension because the auditors cannot sign off the accounts as a going concern. When the accounts are released they will be released on a going concern basis. sweet karolina - "and suspension will make it very difficult to secure any funding." The suspension would not deter any investor if they are satisfied 7 million barrels of oil are situ in onshore Germany. sweet karolina - "Could Rhein's creditors take the field and the plant?" If the creditors are financial institutions the field and the plant would be of no use to them unless they intend to extract the oil themselves. They might consider selling them to a third party but at what price as 7 million barrels are in situ. The stock is also of NPV (No Par Value) which means they don't have to reorganise the capital share base to raise further finance. The update is absolutely dreadful in fact so dreadful I'm inclined to think the directors are not concerned about its impact to secure further finance and continue with the project. Germany like every other country is concerned about energy security. With a market cap of only £900k and at 0.006p its worth a punt. |
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 15/9/2023 06:46 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 10:40 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 09:35 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. |
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