Beacon Energy Share Discussion Threads

[haff1] 29/4/2024 08:51

Wasn't that supposed to be good news¿?

[sos100] 29/4/2024 07:35

Spreadex now under 3%

[reidy66] 29/4/2024 07:04

RNS ops update All happening in May regards sidetrack and results later so early June sometime I'd expect

[hms687] 27/4/2024 11:03

The Rhein update from last week :-




Heidelberg/Riedstadt – In the coming days, a drilling rig with a tower around 35 meters high will once again be on display at the Rhein Petroleum drilling site in Riedstadt-Goddelau. The Heidelberg company is installing an approximately 100 meter long branch in the lowest section of the existing “Schwarzbach 2” borehole. This ends a few meters further west in the same structure as the existing borehole.

“The tested production rates from the existing well do not do justice to the proven petroleum reserves in the Pechelbronn layers. The drilling fluid, which consists primarily of starch, has too tightly sealed the rock pores through which the oil flows into the production line in the immediate vicinity of the borehole. Therefore, the expected quantities of oil are not coming through,” explains Rhein Petroleum managing director Peter Appel. That's why a new entrance is now being laid at a depth of around 1,600 meters. He makes it clear: “The natural porosity, i.e. the permeability of the rock, is good. We are confident that the new short branch line at the end of the well will result in a flow rate that reflects the quality of the reservoir we encountered last August,” emphasizes Appel.

The drilling rig now in use is identical to the rig that was also used in the summer of 2023. The system is expected to be delivered and set up gradually in the first week of May. The actual drilling follows immediately and takes about two days. “The existing well will be used unchanged up to a depth of around 1,600 meters and will receive a newly drilled branch from there,” explains the Rhein Petroleum managing director. Immediately after the end of the drilling, the test production is prepared, including inserting the delivery pump. Appel: “Due to the excellent reservoir properties and the known data, we continue to be convinced that ‘Schwarzbach 2’ can produce significant quantities of high-quality domestic crude oil.” Heidelberg, April 24, 2024

[reidy66] 26/4/2024 16:39

Ah .its all in German lolIf you Google ...lse bce share chat you'll see the English version on the chat thread

[apotheki] 26/4/2024 14:30

Hi likeawalrus as many of us do not use the LSE bbs much would you mind cutting & pasting your post about the Rhein Pet update over here?

[haff1] 26/4/2024 14:07

Some big buys going through on the cheap? Yet no share price move .... looks a bit suspicious?

[likeawalrus] 25/4/2024 11:49

see my post on lse - rhein pet. update

[currypasty] 25/4/2024 10:21

" mobilisation of the drilling rig for the SCHB2 side track, which had originally been scheduled for mid-April, has been delayed by approximately two weeks."


next week ?

[rovi70] 25/4/2024 10:16

Will this ever rise.

[apotheki] 17/4/2024 17:41

BODs = Board of Directors

[reidy66] 17/4/2024 16:33

So regards the rig delay I reckon we're looking end of May for real news as delivery is end of April then 14days to side track ....

[gist328] 17/4/2024 15:51

Abbreviation-BODs ?

[apotheki] 17/4/2024 08:40

Agreed SOS100 but hopefully now the BODs have learnt the hard lessons and will moving forwards adhere to good corporate governance at all times!

[currypasty] 16/4/2024 15:29

"Whilst this is a disappointment to Beacon these things happen and a small delay is part of the process and it is only a minor problem. The shares have fallen this morning which is an overeaction to be honest. "

[sos100] 16/4/2024 08:55

apotheki - very true....but took quite long to get drill updates🤣

[vatnabrekk] 16/4/2024 08:29

Crazy market reaction down 10% because of a short delay of two or three weeks. No change to the fundamentals, just an unavoidable delay.

[apotheki] 16/4/2024 08:25

Good corporate governance [so in my view they were right to do so especially as managing expectations is a major part of the job]

[sos100] 16/4/2024 08:18

not sure why they even bothered to rns this

[currypasty] 16/4/2024 07:14

that mobilisation of the drilling rig for the SCHB2 side track, which had originally been scheduled for mid-April, has been delayed by approximately two weeks.

[sos100] 11/4/2024 10:13

1.3% reduction in few days is quite big imo

they'll be out soon but company keeping a little quiet on the sidetrack cos....all the promotion when this relisted a year ago and nothing to say now?

[reidy66] 10/4/2024 09:56

RNS..holdings notification Spreadex.LtdLooks like they've reduced their holding slightly