Beacon Energy Share Discussion Threads

[greypanther2] 26/8/2023 13:07

Johnjames876 probably knows this already, but it's still worth saying again here. I reckon he's trying to mislead people who don't know the Advance Energy / Beacon corporate history. Beacon today has almost nothing to do with the old Advance, except for some unlucky, long term shareholders. Most of the old board and many of the former shareholders are long gone. The former exec directors departed more than a year ago. The current CEO, Larry Bottomley, was a non exec director for only a short while before Advance was involved in the disappointing Buffalo well in East Timor. After that he became the acting CEO for a while, and then the CEO. Bottomley has a good track record and IMO he delivered quite a lot for shareholders in his former role at Chariot. So I hope people aren't being taken in by JJ876's childish ranting.

[johnjames876] 26/8/2023 12:42

Stevo all alone Remember when this was 5p as adv then the disaster rns cameRemember Steve A lot of folks remembered last week and were dumping like crazyExpect after the disaster rns lands we will see the tR1 of the big boys who dumped

[johnjames876] 26/8/2023 12:31

Old Steve left holding the baby as most have sold outAnd here Steve is leftNo telegram chatNo lse chat No twitter talkMost of the pumpers have scarpered Steve left holding Bce have led people to beleive this will be successful which t wnt lucky to get 100 bopd of that

[haff1] 26/8/2023 11:41

Or Monday if its not a Bank Holiday in Germany?

[bmwman3] 26/8/2023 10:14

No I'm saying news may leak over the weekend

[apotheki] 26/8/2023 08:33

Earliest Tuesday as Monday is a Bank holiday in the U.K.

[bmwman3] 26/8/2023 07:12

LSE posts Personally I'm still long medium to even long term. At such low prices I've even added a little. So far management have been fairly spot on with forecasts - that in itself us now a huge boost as even people like meme starting to regain trust in bod. Great drill and final results waited with deep breath. I'm trying to be conservative and predict min 500 bpd and perhaps 5 mill barrels now in this Schwartz layer. Next drill not too far away bith timeeuse and dustance. I'm now very hopeful of One Whole Oence by year end. The exploratory and development fields now also appear more promising. Multi Mukti bagger if peeps can discipline and hold twelve to eighteen months at least

[bmwman3] 26/8/2023 07:10

Just the Start of new journeyFor many after disappointment time with adv...now here at bce its fresh start. 1st hurdle was to increase current production levels, we raised and drilled schb2 targeting 3.8m brls...hope was to see production of 200bopd-1500bopd ( mean 600bopd ). It was suppose to be 25 day drill which turned into something like 50 after facing problems ad having to sidetrack. Bottom line is we got there in the end...and RESULTS beat pre-drill estimates...by how much we dont know...2 main questions 1. How much has reserves ( 3.8m brls ) gone up by??.....up it has gone we now that much...7m 8m 10m more or less is anyones guess...after flow test results ...we will be given new report with updated reserves ( something to look fwd to ). 2. What would flow rates be...we know mean was 600bopd....at bottom end we was looking at 200bopd....with improved quantity/quality of oil we all can assume...mean would have increased now....by how much is anyones guess....i suspect at minimum we will know see 500bopd/600bopd.... Key was reaching 600bopd figure....this is the figure which has been used for modelling....fingers crossed we have surpasses that... Current field we have just drilled on is just part of our p/f...adding more by way of further acquisition has not been ruled out...on this current field PLAN was to drill in total 3 wells within 18mth-24mth...all of which would be tied to existing production facility. More crucially many dont understand....this current drill on success would have meant...we will be self-funded for further programes...be it next drill or another acquisition.....we have already done the maths....200bopd-1500bopd..would mean ...profit of something like £4m-£30m per year pre drill mean being £12m....it clearly shows if mean was reached...we could easily self fund...2/3 further drill a year...larry did say each drill costs around $4m..... Risks are there...thats the reason why we are trading on AIM...nothing comes risk free....but from where we are standing...its looking very very good...future is looking much brighter than adv days... I myself have not sold a single share yet...have only added multiple times...as i see this as a no brainer....different ppl will have different ideas/opinions/strategies....i say each to their own....as long as all of us are winning collectively...thats all that matters... Being positive does not mean results will be positive and that they will go our way...all it means you are backing your investment with 100% conviction....there is no point investing in something and starting to have doubts. I wish you all the best...like the heading suggests....i hope this is just the start of the journey for BCEers HAPPY DAYS/DREAMS

[robwalsh25] 25/8/2023 22:35

See u Tuesday johnjames u big dosser

[bmwman3] 25/8/2023 19:10

Your not wired up right get a life fella

[johnjames876] 25/8/2023 18:28

Very nasty Very very nastyLooks like the Dudley duo have cashed out again

[bankprofits2023] 25/8/2023 18:27

If it was leaky then the share price collapsed so cnt be a good leak

[bmwman3] 25/8/2023 18:18

No don't think so as it floats uk but poss leaky leaky

[haff1] 25/8/2023 18:03

Could the RNS be Monday?

[bmwman3] 25/8/2023 17:53

We all know that's prob not going to be the case

[bmwman3] 25/8/2023 17:53

Why mention bad RNS then?

[bankprofits2023] 25/8/2023 17:47

Im not saying anything. If theres no rns on tuesday then i can buy back in

[bmwman3] 25/8/2023 17:35

Worm has turned quickly because you forgot about your stop loss please don't be a sore looser by trying to talk this great opportunity down

[bankprofits2023] 25/8/2023 17:17

Isn't guaranteed though is it.

[robwalsh25] 25/8/2023 16:51

We already know it’s good 😊

[bankprofits2023] 25/8/2023 15:52

Kind of glad now.No risk or worrying about a bad rns on tuesday. All good

[robwalsh25] 25/8/2023 15:45

Johnjames do u have mental issues?

[bankprofits2023] 25/8/2023 15:37

6.8m cnt believe i for to cancel that