Beacon Energy Share Discussion Threads

[bmwman3] 24/8/2023 19:30

Many have traded/profited from #bce made decent returns..happy for them Others have been adding on the dips..knowing last fridays rns has de-risked us each2their own imo GAME CHANGING rns came last friday..going fwd things will only get better albeit not in a straight line

[bmwman3] 24/8/2023 19:21

Attractive Erfelden commercial Net-back metrics of ~US$58 per barrel @ $80/bbl at peak production* PBS reservoir 2C net prospective resources of 17.0 mmbbls with a COD of 50%* • The Buntsandstein reservoir of the Steig Deep prospect has a 2U prospective resource of 16.0 mmbbls with a COSg of 30%* https://beaconenergyplc.com/media/1114/20221222_corporate-presentation_v5.pdf

[bmwman3] 24/8/2023 19:20

Many have traded/profited from #bce made decent returns..happy for them Others have been adding on the dips..knowing last fridays rns has de-risked us each2their own imo GAME CHANGING rns came last friday..going fwd things will only get better albeit not in a straight line

[firestorm911] 24/8/2023 18:36

We took off boys.

Hope you guys get a double-double from here.


ATB

Regards,
F911
RMC

[bmwman3] 24/8/2023 17:56

Last weeks announcement hasn't gone unnoticed in the local press, an article featured in Hessenschau.de has highlighted the significance of Beacon Energy reaching this milestone for its potential in providing domestic energy solutions.

[haff1] 24/8/2023 17:38

Thanks for that. Very helpful and informative .....

[apotheki] 24/8/2023 17:15

Beacon Energy: further to climb?

by Charles Archer

August 23, 2023

Beacon Energy shares have shot up over the past few days. Is there further to go, or is this pure speculation?

Beacon Energy shares have rocketed since circa 7 August, as investors and traders consider the potential implications of its Schwarzbach-2(2.) drilling operations. The share could still be a buy, but investors are speculating on continued success — and only volatility can be reliably guaranteed.

Let’s dive in.

Beacon Energy updates

On 7 August, Beacon — which owns a portfolio of onshore German assets in varying stages of production, development, or appraisal — gave its first key update on the ongoing Schwarzbach-2(2.) drilling. Or in other words, the first the market paid actual attention to.

Beacon noted that ‘drilling is currently underway in the deviated mechanical sidetrack. The well is on track to achieve the primary objectives of testing the reservoir targets, and completing this well as a producer as part of the development of the Stockstadt Mitte segment of the Erfelden field.’
The company also promised a further update as appropriate, and this came just nine days later on 16 August with speculation swirling.

It noted ‘the recent movement in the price of the Company’s shares on AIM,’ and took the opportunity to remind investors that its targeted segment was assigned 2P oil reserves of 3.784mmbbls from the CPR report published in December last year.

Beacon also brought investors up to date on the technicals: the well had reached a total drill depth of 2255 metres measured depth, with electric wireline logging ongoing. This is a technical process where drillers use electrical instruments to continuously measure downhole formation attributes using special tools or equipment lowered into the borehole.

Self-evidently, until this process was completed, and results analysed, Beacon could not definitively make any claims over ‘the implications for the future cash generative potential of the Erfelden field’ and it further noted that ‘and the Company’s aspiration to build a self-funding platform for growth will not be known.’

But it did make sure to inform investors that it looked forward to updating the market ‘in due course.’

And investors didn’t have long to wait.

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.

Initial evaluation of the logs over the PBS indicated a 34-metre gross interval containing 28 metres of oil-bearing net reservoir, with porosities averaging 18% and up to 28%.

These oil-bearing reservoirs were encountered approximately 25 metres higher than prognosis with oil observed on the shale shakers and in the mud pit whilst drilling these intervals.

No water-bearing sands were encountered in the Meletta or the PBS intervals.
The operating team is now undertaking reservoir clean-up, production testing and installing the production liner to bring the well into production through the existing Schwarzbach facilities, which are already owned and operated by the company. No extra costs is a huge deal.

And most importantly, the company expects that this new production will ‘be brought onstream over the next month’ — with a further update due very soon after the reservoir clean-up and production testing have finished.

CEO Larry Bottomley — who has enjoyed senior stints at Perenco, Hunt Oil, Triton, Chariot, and FTSE 100 oil major BP — enthused that the new well has been ‘safely, effectively and successfully drilled and logged…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.’

Unlike the previous RNS, the CEO was prepared to announce that electrical wireline logging analysis shows that the well ‘has the capacity to materially increase the Company’s production and revenue…this is a very important step in the Company’s aspiration to build a self-funding platform for growth.’

But even more encouragingly, this positive result de-risks the 2C contingent resources of 2.4mmbbls assigned to the adjacent Schwarzbach South segment — which is the next company target at the Erfelden field.

Beacon is now focusing on completing the well for production, and an update could come literally at any time. This well was the company-maker, but what the market is missing is that the rest of Erfelden is now a far more prospective resource.

This is Germany — there’s next to no chance of regulatory problems. And with Australian workers striking, the Ukraine War still raging, and winter coming down the track, gas prices will likely continue to rise.

The next RNS could well see another share price jump.

[apotheki] 24/8/2023 17:00

Hybridan Small Cap Feast: 18/08/2023

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] 24/8/2023 16:46

Beacon Energy 0.143p £15.0m (BCE.L) 18th August 2023

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.

[bad gateway] 24/8/2023 15:58

If you say so john, sure you know what you're doing but on the other hand they're not exactly dear marketcap wise, have found plenty of oil as promised and now have several different plays to plan.
Growing co. that hasn't screwed up on delivery, pretty rare for the london market so likely to stay popular with pi's imo.

[johnjames876] 24/8/2023 15:29

My short will come good as it's now not going up anymore

[bmwman3] 24/8/2023 15:15

Beacon Energy@BeaconEnergyPlcLast weeks announcement hasn't gone unnoticed in the local press, an article featured in hxxp://Hessenschau.de has highlighted the significance of Beacon Energy reaching this milestone for its potential in providing domestic energy solutions

[johnjames876] 24/8/2023 15:09

The pumping is not working bmw man

[apotheki] 24/8/2023 15:00

Rhein Petroleum [now AIM listed Beacon Energy plc / LSE:BCE] found oil in Hesse



Rhein Petroleum's exploratory drilling in Ried in southern Hesse ends very well for the company. Not only does one come across oil, the quantity found also exceeds previous expectations. Managing Director Peter Appel sees this as a contribution to Germany's energy independence.

[apotheki] 24/8/2023 14:58

The new well could produce 600 barrels of oil a day, or 95,400 liters, says the manager. That would be a significant increase on the previous yield from the neighboring "Schwarzbach 1" well, which has been delivering 629 barrels, 100,000 liters of crude oil per week. "We are very happy and happy that our good planning has now also led to a direct hit," emphasizes Appel. After all, only every third well is successful on average.

[bmwman3] 24/8/2023 14:32

The new well could produce 600 barrels of oil a day, or 95,400 liters, says the manager. That would be a significant increase on the previous yield from the neighboring "Schwarzbach 1" well, which has been delivering 629 barrels, 100,000 liters of crude oil per week. "We are very happy and happy that our good planning has now also led to a direct hit," emphasizes Appel. After all, only every third well is successful on average.

[johnjames876] 24/8/2023 14:13

Silly little buys have no effect big sells and big shorts will take this to 0.1

[johnjames876] 24/8/2023 13:54

Steve's fake article yesterday worked betterCome on Steve make up another one