Beacon Energy Share Discussion Threads

[bmwman3] 21/8/2023 09:15

OIL DISCOVERY made... ITS BIGGER and BETTER quality then pre-estimates PRODUCTION to start within next 3-4 wks FLOW TEST results can drop anytime CEO thought 600bopd was doable be4 DRILL Now some are saying 1000bopd+ is possible Well at 500bopd we rake in £1.2M/mth

[daar] 21/8/2023 08:49

1p medium term target should be achievable

[apotheki] 21/8/2023 08:40

Shareholders should look forward to the completion of the SCHB-2 development well, which should materially boost production and cash flows to further drive the investment story.

[apotheki] 21/8/2023 08:35

The reservoirs were both intercepted shallower than predicted with the PBS being a thicker interval with more sand and of better quality than pre-drill estimates, which implies volumetric upside to the pre-drill reserve range.

[apotheki] 21/8/2023 08:33

The SCHB-2(2.) well has encountered good quality oil-bearing reservoirs in the Meletta-Schichten (Meletta) sandstones and the Pechelbronner-Schichten (PBS) sandstones. Initial evaluation PBS indicates a 34-metre gross interval containing 28 metres of oil-bearing net reservoir, with porosities averaging 18% and up to 28%, all of which exceed pre-drill estimates. The operating team will now undertake reservoir clean-up, production testing and install the production liner to bring the SCHB-2(2.) well into production, expected over the coming days.

[apotheki] 21/8/2023 08:30

Onwards and upwards to 1p+

[avenue_of_revenue] 21/8/2023 08:27

This will keep rising. Big buys going through. Volume is crazy. Similar oil companies do a few hundred percent rises, BCE is just at the start of the upward trend. Rerate in progress. News rich period too.

[z1co] 21/8/2023 08:07

As expected a positive start for the week

[bmwman3] 20/8/2023 19:06

#BCE time to take this micro- cap seriously now.Could easily see a 10 bagger from here.Results exceed estimates and flows to come possibly at the higher range of ? 200- 1500bopdNext well 2c NVP £280m or 23mbo.£15m mcap

[bmwman3] 20/8/2023 19:04

He can't reply as it's bath night!

[robwalsh25] 20/8/2023 17:33

johnjames how much did your short lose u on Friday?

[robwalsh25] 20/8/2023 17:32

Watching? 0.20 Monday 💪

[bmwman3] 20/8/2023 13:25

LSE POSTER Generally proven resources in the ground are $3 to $4,out of the ground $12 to $14 net. If BCE begin prododuction and confirm the better results and reserves say 5mb rather than the 3.75mb then thats net $60 to 70m . This will also derisk the 22mb of 2p reserves ,thats another $50m . With this scenario, very possible now,market cap looking at $100m ,that is 1p per share plus . I would be very disappointed in myself if the price tomorrow isnt 0.2p

[z1co] 19/8/2023 18:56

What's also interesting is that the data provided from the SCHB-2(2.) well will help to de-risk the 2C contingent resources of 2.4mmbbls assigned to the adjacent Schwarzbach South.

Lots to look forward to.

[deltalo] 19/8/2023 16:26

Mkcap only about 15m I believe, Very interesting company now.

[apotheki] 19/8/2023 14:45

Analyst David Mirzai at share price Angel stated that the SCHB-2 well was anticipated to have low geological risk as it was twinning the SKM1 well drilled by Exxon in 1986, which proved hydrocarbons in the Stockstadt Mitte segment in the PBS sandstones and the shallower ME sands.

However, he notes that the reservoirs were both intercepted shallower than predicted with the PBS being a thicker interval with more sand and of better quality than pre-drill estimates, which implies volumetric upside to the pre-drill reserve range.

He concluded that shareholders should look forward to the completion of the SCHB-2 development well, which should materially boost production and cash flows to further drive the investment story.

[apotheki] 19/8/2023 14:40

Analyst David Mirzai at share price Angel stated that the SCHB-2 well was anticipated to have low geological risk as it was twinning the SKM1 well drilled by Exxon in 1986, which proved hydrocarbons in the Stockstadt Mitte segment in the PBS sandstones and the shallower ME sands.

However, he notes that the reservoirs were both intercepted shallower than predicted with the PBS being a thicker interval with more sand and of better quality than pre-drill estimates, which implies volumetric upside to the pre-drill reserve range.

He concluded that shareholders should look forward to the completion of the SCHB-2 development well, which should materially boost production and cash flows to further drive the investment story.

[robwalsh25] 19/8/2023 14:36

Bang on 0.30 here next week in the run up to news, oil companies always have an exceptional run in the run up to flow rates, especially after that corker of an RNS on Friday!! GLA

[apotheki] 19/8/2023 14:35

Hybridan Small Cap Feast: Beacon Energy 0.143p £15.0m (BCE.L) - The full-cycle oil and gas company with a portfolio of production, development, appraisal and exploration onshore German assets through its wholly-owned subsidiary, Rhein Petroleum GmbH, announces an update on the Schwarzbach-2(2.) (SCHB-2(2.)) well. The SCHB-2(2.) well has encountered good quality oil-bearing reservoirs in the Meletta-Schichten (Meletta) sandstones and the Pechelbronner-Schichten (PBS) sandstones. Initial evaluation PBS indicates a 34-metre gross interval containing 28 metres of oil-bearing net reservoir, with porosities averaging 18% and up to 28%, all of which exceed pre-drill estimates. The operating team will now undertake reservoir clean-up, production testing and install the production liner to bring the SCHB-2(2.) well into production, expected over the next month.

[apotheki] 19/8/2023 14:30

Hybridan Small Cap Feast: Beacon Energy 0.143p £15.0m (BCE.L) - The full-cycle oil and gas company with a portfolio of production, development, appraisal and exploration onshore German assets through its wholly-owned subsidiary, Rhein Petroleum GmbH, announces an update on the Schwarzbach-2(2.) (SCHB-2(2.)) well. The SCHB-2(2.) well has encountered good quality oil-bearing reservoirs in the Meletta-Schichten (Meletta) sandstones and the Pechelbronner-Schichten (PBS) sandstones. Initial evaluation PBS indicates a 34-metre gross interval containing 28 metres of oil-bearing net reservoir, with porosities averaging 18% and up to 28%, all of which exceed pre-drill estimates. The operating team will now undertake reservoir clean-up, production testing and install the production liner to bring the SCHB-2(2.) well into production, expected over the next month.

[greypanther2] 19/8/2023 14:26

Hi bmwman3. I don't think we'll see for very much longer the 0.17p that Appel paid. Of even more interest to me right now is the flow rate that we’ll get on testing. I'm hoping for at least 500 bopd, maybe more, because there are 28 metres of net oil-bearing reservoir with porosity averaging 18%. Beacon have said quite a lot about the thicker Pechelbronner-Schichten reservoir at Schwarzbach, but not very much about the shallower Meletta-Schichten reservoir. This made me take a look at the CPR contained in the March '23 Admission Document and it makes quite interesting reading. Rhein have 7 other licences in the Upper Rhine Graben besides Schwarzbach. Several of them already have oil discoveries on them so I think there's still plenty of upside.

[bmwman3] 19/8/2023 14:15

"Peter Appel, Managing Director of Beacon Energy's wholly owned subsidiary Rhein Petroleum GmbH, on 12 May 2023 purchased 11,000,000 ordinary shares of no par value each in the Company ("Ordinary Shares") at a price of EUR 0.002 (GBP 0.0017)." I think that is a good guide price to buy below.

[bmwman3] 19/8/2023 14:11

Completely derisks the whole project going forward.The valuation on this well alone equated to possible 0.5p per share or £55m but as its come up significantly more than estimated and depending on the reserves upgrades if possible say double ( roughly speaking) then the valuation needs doubling to 1p alone? On top of that we have the other projects like the south and further other developments of the field.So yes this could be worth few bags from here.