Beacon Energy Share Discussion Threads

[vipdibas] 22/8/2023 15:37

Yes happens all the times most the sells today is a buy.

[haff1] 22/8/2023 15:11

FYI My recent buy has gone seemed to go down as a sell...

[bmwman3] 22/8/2023 14:50

Still struggling to fill buys from earlier by the looks of things!

[bmwman3] 22/8/2023 14:43

Beacon Energy Chief Executive Officer, Larry Bottomley commented:"The SCHB-2(2.) well has now been safely, effectively and successfully drilled and logged, a testament to the quality of the Rhein Petroleum operating team who delivered a positive outcome despite encountering certain technical challenges through the drill. 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 published by the Company in December 2022, and this will be the focus of one of the post-well projects."The electrical wireline logs demonstrate that this well has the capacity to materially increase the Company's production and revenue as the well is brought onstream through our wholly-owned and operated existing facilities. This is a very important step in the Company's aspiration to build a self-funding platform for growth."In addition, 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 segment which will be targeted during the further development of the Erfelden field."The operations team will now focus on completing the well for production and we will update the market as appropriate".

[bmwman3] 22/8/2023 14:41

https://www.keyfactsenergy.com/news/23252/view/#

[bankprofits2023] 22/8/2023 14:40

I have another 7.5m order in at 0.2

[z1co] 22/8/2023 14:38

We didn't had to wait for 0.20p tomorrow!

[bmwman3] 22/8/2023 14:31

Kiss the teens goodbye

[bankprofits2023] 22/8/2023 14:27

Mms will take all mine in one hit

[finders keepers] 22/8/2023 14:21

I bought 9.11m shares today. I am holding 19.911m now.

will sell at 1p+

[bankprofits2023] 22/8/2023 14:19

Bought 10m shares today

[robwalsh25] 22/8/2023 14:09

Level 2 now has a MM on 0.25

[robwalsh25] 22/8/2023 14:08

hxxps://www.keyfactsenergy.com/news/23252/view/#

[apotheki] 22/8/2023 14:05

Triple boom

[robwalsh25] 22/8/2023 14:04

Johnjames keep posting your sending the share price to the mooooooooooon go johnjames gooooooo….. 0.30 today?

[helenm13] 22/8/2023 14:04

Double boom

[apotheki] 22/8/2023 14:00

Chart Breakout

[apotheki] 22/8/2023 13:57

On an NPV10 basis, we value the 2P reserve base at US$51.6m, or c.US$13.6/bbl, versus the implied acquisition price of US$5.2m, or US$1.4/bbl. In valuing the 2C resources we have applied a 25% discount (i.e. risked at 75%), to reflect the fact that these barrels are further from production, taking our 2C unit value to US$10.2/bbl.

Applying SGS’s commercial chances of success for each respective project results in a risked valuation of US$12m for Schwarzbach South, US$14m for Graben and US$95m for Steig. After corporate adjustments this results in a

Core (2P) NAV of US$52.8m, and a Total (2P+2C) NAV of US$174m

Core 2P = £42m – Total 2P + 2C = £137m

See page 6 on the broker note below:

[neo26] 22/8/2023 13:26

Companies producing 10kbopd and valued at 100m but this one with small 2p reserves and little production we have silly valuations.This has spiked.

[euclid5] 22/8/2023 13:19

On an NPV10 basis, we value the 2P reserve base at US$51.6m, or c.US$13.6/bbl, versus the implied acquisition price of US$5.2m, or US$1.4/bbl. In valuing the 2C resources we have

applied a 25% discount (i.e. risked at 75%), to reflect the fact that these barrels are further from

production, taking our 2C unit value to US$10.2/bbl.

Applying SGS’s commercial chances of success for each respective project results in a risked valuation of US$12m for Schwarzbach South, US$14m for Graben and US$95m for Steig. After corporate adjustments this results in a

Core (2P) NAV of US$52.8m, and a Total (2P+2C) NAV of US$174m

Core 2P = £42m – Total 2P + 2C = £137m

See page 6 on the broker note below:

[johnjames876] 22/8/2023 13:17

What a give away you've sold and you check back later to see if th price has tanked then re buy and start pumping again