Beacon Energy Share Discussion Threads

[firestarter1] 05/2/2024 13:59

Dnt be stupid

[sos100] 05/2/2024 13:35

Hopefully a recovery similar to HE1

[oilbuy] 05/2/2024 13:34

UJO increasing their position ?

[monet] 05/2/2024 12:42

From a another forum. Lot of people like me are shifting profits from HE1 (more then 10 x bagged in a week) to BCE.

[tomavery19] 05/2/2024 12:37

News leak Could do a he1 style rise

[currypasty] 05/2/2024 12:32

i smell a leak

[gist328] 02/2/2024 17:53

I saw the video of the site and thought is that it

[hms687] 02/2/2024 17:41

Because Larry prefers to get the oil out using his teaspoon

[gist328] 02/2/2024 15:50

Why didn't they drill a few more holes on site to extract multiple times the oil rather than just one, would have been cheaper

[idandy] 31/1/2024 08:13

hxxps://x.com/beaconenergyplc/status/1752294041713094956?s=46

[currypasty] 29/1/2024 08:02

· With the rod pump installed in late 2023, the SCHB-2(2.) well continues to clean-up although production remains at a rate of approximately 40 barrels of oil per day ("bopd").



· As previously announced, the low production rate indicates that the reservoir near the wellbore has been invaded with drilling fluids which are restricting flow rates. This is not uncommon in situations where hole stability issues have occurred during drilling due to the use of high-density drilling fluids to stabilise the hole.



· The Company has now commenced sand jetting operations with a coiled tubing unit to stimulate the well. Sand jetting will focus on the oil-bearing reservoirs in the Pechelbronner-Schichten ("PBS") sandstones.



· Sand jetting technology uses a high-pressurised sand slurry with the objective of creating deep perforations beyond the zone invaded with drilling fluids. The expectation is that these deeper perforations will increase communication between the oil-bearing reservoir and the wellbore, and therefore increase production rates.



· The sand jetting operation is expected to take 10 - 14 days, including the time required to re-install the rod pump and recommence production. Once the well is fully clean, which is anticipated to take several weeks, it is expected that the rod pump will be replaced with an Electrical Submersible Pump ("ESP") to maximise production - this is currently scheduled to take place in April 2024.



· In addition, as part of the sand jetting operation, the Company will recover a downhole pressure memory gauge which will inform our understanding of both formation pressure in the oil-bearing reservoir and the restriction of flow around the wellbore caused by fluid invasion.



· The Company is fully funded to undertake the sand jetting operation which has an estimated cost of less than €500,000.

[currypasty] 26/1/2024 12:50

"The Company will undertake industry-standard well stimulation in the fourth week of January 2024, which is expected to improve production.

-- The Company is fully funded to undertake the planned well stimulation in an operation that will take approximately 1 week and which has an estimated cost of less than EUR500,000"


I cant see any update till mid Feb to be honest, unless they rns the start of the stimulation

[likeawalrus] 23/1/2024 09:10

thanks curry, there's a fee to access IoM filings, I may take a peek...

[currypasty] 23/1/2024 09:02

REGISTERED OFFICE
55 Athol Street
Douglas
Isle of Man
IM1 1LA

EMAIL ADDRESS
[e-mail]

[likeawalrus] 23/1/2024 08:44

I'm trying to find BCE on companies house to view their filings - no luck so far. Is it an IoM company? thx

[apotheki] 22/1/2024 11:30

Are you the French policeman in 'allo 'allo per chance?

[haff1] 22/1/2024 11:23

Lost not list!

[haff1] 22/1/2024 11:23

The management seem to have list their creditability and trust...

[idandy] 19/1/2024 20:25

wish I had waited for 0085 but happy to take a chance on good results next month....

[rovi70] 19/1/2024 18:03

Yep had a tickle

[haff1] 19/1/2024 16:21

So ridiculously cheap investors beginning to come back?