Beacon Energy Share Discussion Threads

[apotheki] 23/8/2023 08:45

Keep buying any of the short lived dips

[apotheki] 23/8/2023 08:36

And another buying opp [thanks Mr Market]

[apotheki] 23/8/2023 08:20

taken advantage of - thanks very much Mr Market!

[apotheki] 23/8/2023 08:15

Buying opp

[apotheki] 23/8/2023 08:13

Early morning MM inspired shake out - always very healthy in a serious bull run

[apotheki] 23/8/2023 08:11

And yet another de-ramping TROLL is shown the door....😂

bad gateway23 Aug '23 - 07:01 - 642 of 644

Does seem correct. Rhein was tulips subsidiary. It was financed through the years by intercompany loans from tulip.
When BCE reversed into Rhein they bought the intercompany loan for one euro and Tulip was given 30 percent of BCE.
Tulip also bought a fair percentage in the placing so are well committed to the play here which is good imho.


Long story short BCE is a clean debtfree company.

[ifizz] 23/8/2023 08:02

Morning - I’ve been following this chat for quite a long time and haven’t posted. I have a small holding that I picked up at 0.1p - do fellow investors feel it’s worth investing another £1000 today ? Thoughts would be welcome (apart from the complete pessimists pls ! ) Thank you in advance

[robwalsh25] 23/8/2023 07:23

0.30 today get ready, 0.50 target….

[bmwman3] 23/8/2023 07:21

The volume of shares available to PIs is limited. 63% aren't available to the public!Use/ sell your shares wisely. With a fraction shares available on the open market this has the potential to really fly!

[bmwman3] 23/8/2023 07:18

The volume of shares available to PIs is limited. 63% aren't available to the public!Use/ sell your shares wisely. With a fraction shares available on the open market this has the potential to really fly!

[bad gateway] 23/8/2023 07:01

Does seem correct. Rhein was tulips subsidiary. It was financed through the years by intercompany loans from tulip.
When BCE reversed into Rhein they bought the intercompany loan for one euro and Tulip was given 30 percent of BCE.
Tulip also bought a fair percentage in the placing so are well committed to the play here which is good imho.


Long story short BCE is a clean debtfree company.

[bmwman3] 23/8/2023 06:27

There will be a number of Wells to be drilled as part of the full field program. The full field program will target several different horizons hence each has a different CoS ranging from 70% to 40% as they are exploration Wells but as seen with SCH-2 each Well drilled will significantly derisk the field as more and more of the resource is proven up and moved from the Contingent category to the Reserves category. The full field development has an NpV of £280m based on the base case numbers but as seen with SCH-2 this can increase significantly...

[bmwman3] 23/8/2023 06:22

Can you not filter them out?

[purple11] 23/8/2023 03:58

great result and hope others loaded up like i did.

not bothering to post as my thread has been trashed by some idiots.gla

[robwalsh25] 22/8/2023 22:39

johnjames can u please spend all day tomorrow posting your absolute troll nonsense because it seems to make the share price go up. Thanks mate 😂

[bad gateway] 22/8/2023 22:23

Not sure thats a loan to be paid by BCE Jung, Judging by the fact its actually included in the total assets line I'd say is most likely the intercompany loan between Tulip shareholders and Rhein that BCE bought for 1 Euro.


"As part of the total consideration, Beacon will purchase the Sellers Intercompany Receivable, which is the
debt owed by Rhein Petroleum to Tulip pursuant to a loan agreement between Tulip and Rhein Petroleum
dated 21 July 2016 for total consideration of EUR 1 (the “Intercompany Receivable Consideration”)."

[jungmana] 22/8/2023 21:05

Euclid is clearly stated in the Rhein takeover rns; "As at 30 June 2022, Rhein Petroleum reported unaudited total assets of EUR11.9 million and net liabilities of EUR12.9 million (including EUR22.0 million shareholder loan liability which will be acquired by Beacon at Completion) under German accounting standards"

[jungmana] 22/8/2023 21:01

Where are you getting $200m a year turnover? In 10 years time?Current production is just 50 bopd and their aim is 2000 bopd by 2025

[everready1] 22/8/2023 20:43

he can't answer this basic question as there is no 20 mill debt showing in accounts