Beacon Energy Share Discussion Threads

[bmwman3] 24/8/2023 08:30

Filter the troll

[apotheki] 24/8/2023 08:30

On 18 August, Beacon gave a summary of promising new updates:

The well encountered good quality oil-bearing reservoirs in the Meletta-Schichten sandstones and the Pechelbronner-Schichten sandstones.

The electric wireline logging programme had been completed and initial analysis showed good quality oil-bearing reservoirs, with porosity ranges above pre-drill expectations.

[neo26] 24/8/2023 08:23

Wells in that field flow around 200bopd, initial rate maybe high but will stabilise around 200bopd imho.Its opinion not fact..

[neo26] 24/8/2023 08:21

How will next well be funded? Wait for 1 year of revenue? Raise funds?

[apotheki] 24/8/2023 08:20

So you know that as a fact do you!?!?! At least in my posts I am honest and say that no one knows [including most likely at this stage the company] so your posts are as bad as those fake ones on Tw*tt*r X about 3,000bopd

[apotheki] 24/8/2023 08:20

So you know that as a fact do you!?!?! At least in my posts I am honest and say that no one knows [including most likely at this stage the company] so your posts are as bad as those fake ones on Tw*tt*r X about 3,000bopd

[bmwman3] 24/8/2023 08:19

Filtered for misleading information flow rates yet to be announced 600bopd estimate quoted by CEO apparently you know better than him

[neo26] 24/8/2023 08:19

1000bopd has never been flowed from this field. 200bopd consistent rate

[neo26] 24/8/2023 08:15

600 will not be hit, 200bopd will be consistent rate.

[apotheki] 24/8/2023 08:15

Repeat of POST 207 & POST 241: None of us know the answer but 500bopd would be considered to be an excellent result. If it ends up being much higher for example 1,000bopd or more....well you would have to say that would be truly amazing!

[bmwman3] 24/8/2023 08:12

Top up opportunity taken thank you

[bmwman3] 24/8/2023 08:11

Lovely top up just then

[bmwman3] 24/8/2023 08:10

...600bopd quoted by the CEO in interview was a mean of projected/estimate 200bopd-1500bopd...

[bmwman3] 24/8/2023 08:01

Expecting a nice rise today in anticipation of excellent flow rate news

[johnjames876] 24/8/2023 07:57

Lewis has legged it

[johnjames876] 24/8/2023 07:57

Geoff the investor gobr

[johnjames876] 24/8/2023 07:56

Steve has departed

[johnjames876] 24/8/2023 07:56

No one around

[johnjames876] 24/8/2023 07:56

Pumpers have run

[johnjames876] 24/8/2023 07:56

Party isvover

[johnjames876] 24/8/2023 07:56

Bid price 0.165

[apotheki] 24/8/2023 07:45

GreyPanther223 Aug '23 - 19:31 - 353 of 353

Here are a few facts about the Erfelden oil field that I picked out from the CPR in Beacon's March '23 Admission Document: The field was originally discovered by Exxon in about 1985 but only came on stream under Rhein’s ownership in Q4 2019. I assume that's because it was too small for a major oilco like Exxon. The field is covered by 3D seismic data which IMO lowers the technical risk a lot. It currently produces from only one well, Shwarzbach-1A. At its peak rate this well produced 225 bopd (barrels of oil per day) and it currently produces only 15 bopd from two Oligocene reservoirs (the Meletta-Schichten Sandstones and the Pechelbronner-Schichten Sandstones) at about 1,700 metres depth. We have better reservoir parameters in Schwarzbach-2 than we did in Schwarzbach-1A which suggests to me that we should do a lot better than 225 bopd. Let's hope so, anyway.

[apotheki] 24/8/2023 07:44

euclid523 Aug '23 - 18:06 - 352 of 353

Taken from the BN

Potentially 17mmbls in the Pechelbronner section

The deeper Pechelbronner discovery (c.800m depth) is higher risk but
potentially much larger. Flow was achieved (c.160 bbls/d), but drawdown pressures were high.

If the reservoir can be shown to produce commercially the horizon may contain as much as 17 mmbbls in the 2C case (13-22 mmbbls 1C-3C).

Taken from the rns

The SCHB-2(2.) well has encountered good quality oil-bearing reservoirs in the Meletta-Schichten ("Meletta") sandstones and the Pechelbronner-Schichten ("PBS")

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.