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BCE Beacon Energy Plc

0.012
0.0015 (14.29%)
07 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Beacon Energy Plc LSE:BCE London Ordinary Share IM00BKSCP798 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.0015 14.29% 0.012 0.011 0.013 0.0125 0.0105 0.01 492,202,428 14:57:38
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec 0 -1.05M -0.0001 -1.00 1.05M
Beacon Energy Plc is listed in the Offices-holdng Companies sector of the London Stock Exchange with ticker BCE. The last closing price for Beacon Energy was 0.01p. Over the last year, Beacon Energy shares have traded in a share price range of 0.0095p to 0.2775p.

Beacon Energy currently has 10,507,680,000 shares in issue. The market capitalisation of Beacon Energy is £1.05 million. Beacon Energy has a price to earnings ratio (PE ratio) of -1.00.

Beacon Energy Share Discussion Threads

Showing 2176 to 2197 of 2875 messages
Chat Pages: Latest  91  90  89  88  87  86  85  84  83  82  81  80  Older
DateSubjectAuthorDiscuss
11/9/2023
07:50
"We believe this well has the potential to deliver at very high rates and establishing these flowrates through clean-up of the wellbore, and eventual installation of an ESP is now our top priority although we won't be able to provide definitive guidance on production expectations until we have completed the clean-up and artificial lift solutions. At flow rates of 900 bopd, the Company would expect to deliver operating cash flows in excess of US$1.5 million per month (assuming $80/bbl Brent)."
apotheki
11/9/2023
07:48
FORWARD PLAN

· Installation of the rod pump is expected to be undertaken during October. In the interim period reservoir clean-up will continue into the wellbore.

· Work will commence immediately to quantify expected reserve and resources increases.

· Existing development plans will be updated to reflect learnings from the SCHB-2(2.) well and increased resource base with the aim of accelerating drilling and maximising the value of this highly attractive asset.

apotheki
11/9/2023
07:48
Another comparison is EOG who produce nearly 300 bopd, have other valuable assets and their market cap is just GBP 11m.Let's see after clean up this lot get their initial 250 bopd target.Too overvalued right now as things stand especially compared to AXL
jungmana
11/9/2023
07:47
· Commercial production is expected to commence from the well aided by the installation of a rod pump which will have the capacity to deliver up to 250 bopd. This will not require a workover rig. It is expected that once the well is fully cleaned up and this rate has been achieved, the rod pump will be replaced with an Electrical Submersible Pump ("ESP") which has higher capacity.
apotheki
11/9/2023
07:46
· As all these metrics are above or at the top of the range of pre-drill expectations, the likelihood is that this will result in a material upgrade to recoverable reserves in Stockstadt Mitte and a de-risking of 2.4 million barrels of contingent resources already ascribed to Schwarzbach South.

· Based on these excellent reservoir properties and the light oil recovered, standard oil-industry analysis indicates that an initial production rate in excess of 900 barrels of oil per day ("bopd") could be achieved. Higher rates of production have been achieved on historic wells in the area.

apotheki
11/9/2023
07:41
It’ll double today easy
robwalsh25
11/9/2023
07:38
And most add AXL has $12 million cash too and no debt
jungmana
11/9/2023
07:35
First target 250 bopd on pump and dream of 900 bopd.Market cap GBP 26 million. As a comparison AXL produce 3,000 bopd at high netback (profits) and have market cap of GBP 45 million Let's wait and see
jungmana
11/9/2023
07:23
Booooooooooom 900 barrels of oil per day ("bopd") could be achieved. Higher rates of production have been achieved on historic wells in the area. 0.50 today at least!!! 🔥🔥🔥🔥 8293;🔥
robwalsh25
11/9/2023
07:21
How far will this fall today do we think?
karina
11/9/2023
07:20
Beacon Energy Chief Executive Officer, Larry Bottomley commented:

"The SCHB2(2.) well has been a challenging well from an operational perspective, with hole stability issues encountered in the initial and sidetracked hole sections, however it has encountered an excellent oil-bearing reservoir with thickness and properties that are far in excess of pre-drill prognosis.

The data we have gathered during the drilling of the SCHB2(2.) well indicates the potential for substantial reserve and production upside for the Stockstadt Mitte segment - up to and potentially more than the High Case (5.8 mmbbls) outlined in the Company's December 2022 CPR which clearly bodes well for the long-term value we believe we can realise from the asset.

We believe this well has the potential to deliver at very high rates and establishing these flowrates through clean-up of the wellbore, and eventual installation of an ESP is now our top priority although we won't be able to provide definitive guidance on production expectations until we have completed the clean-up and artificial lift solutions. At flow rates of 900 bopd, the Company would expect to deliver operating cash flows in excess of US$1.5 million per month (assuming $80/bbl Brent).

A comprehensive review of the drilling and completion operations and the technical challenges encountered will be undertaken so that lessons learned are incorporated into an updated field development plan.

The data provided from the SCHB-2(2.) well will also be incorporated into a field-wide study to understand the impact on both the risk and quantum of resources in the Schwarzbach South segment, currently assigned 2C contingent resources of 2.4mmbbls which will be targeted during the further development of the Erfelden field.

While the delay to fully understanding the production potential of this well is frustrating, the sub-surface results far exceed our pre-acquisition and pre-drilling expectation and we therefore remain pleased with the overall results of the SCHB2(2.) well and look forward to providing an update in due course."

apotheki
11/9/2023
07:15
Schwarzbach-2(2.) Well Update

Rig Release

Beacon Energy (AIM:BCE), 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 ("Rhein Petroleum"), announces an update on the Schwarzbach-2(2.) ("SCHB-2(2.)") well.

SUMMARY

· As previously announced, the SCHB-2(2.) well has encountered an excellent 34-metre gross interval containing 28 metres of oil-bearing net reservoirs in the Pechelbronner-Schichten ("PBS") sandstones within the Stockstadt Mitte segment of the Erfelden field.

· These oil-bearing reservoirs were encountered approximately 25 metres high and 10 metres thicker than prognosis, with porosities averaging 18% in the Lower PBS and 21% in the Upper PBS, with no water-bearing sands in the 42m hydrocarbon column.

· As all these metrics are above or at the top of the range of pre-drill expectations, the likelihood is that this will result in a material upgrade to recoverable reserves in Stockstadt Mitte and a de-risking of 2.4 million barrels of contingent resources already ascribed to Schwarzbach South.

· Based on these excellent reservoir properties and the light oil recovered, standard oil-industry analysis indicates that an initial production rate in excess of 900 barrels of oil per day ("bopd") could be achieved. Higher rates of production have been achieved on historic wells in the area.

· Following perforation and acidization, reservoir clean-up operations commenced on Friday 8 September 2023 and since that time the well has produced a mixture of oil, gas and drilling fluids.

· Given delays in the programme the drilling rig must now be released but clean-up of the well will continue on site.

· Commercial production is expected to commence from the well aided by the installation of a rod pump which will have the capacity to deliver up to 250 bopd. This will not require a workover rig. It is expected that once the well is fully cleaned up and this rate has been achieved, the rod pump will be replaced with an Electrical Submersible Pump ("ESP") which has higher capacity.

· A presentation describing the results of the SCHB-2(2.) is available as an audiocast at hxxps://stream.buchanan.uk.com/broadcast/64fda29b84cbf5eec802cc26 and on the Beacon Energy Website www.beaconenergyplc.com.


FORWARD PLAN

· Installation of the rod pump is expected to be undertaken during October. In the interim period reservoir clean-up will continue into the wellbore.

· Work will commence immediately to quantify expected reserve and resources increases.

· Existing development plans will be updated to reflect learnings from the SCHB-2(2.) well and increased resource base with the aim of accelerating drilling and maximising the value of this highly attractive asset.



Beacon Energy Chief Executive Officer, Larry Bottomley commented:

"The SCHB2(2.) well has been a challenging well from an operational perspective, with hole stability issues encountered in the initial and sidetracked hole sections, however it has encountered an excellent oil-bearing reservoir with thickness and properties that are far in excess of pre-drill prognosis.

The data we have gathered during the drilling of the SCHB2(2.) well indicates the potential for substantial reserve and production upside for the Stockstadt Mitte segment - up to and potentially more than the High Case (5.8 mmbbls) outlined in the Company's December 2022 CPR which clearly bodes well for the long-term value we believe we can realise from the asset.

We believe this well has the potential to deliver at very high rates and establishing these flowrates through clean-up of the wellbore, and eventual installation of an ESP is now our top priority although we won't be able to provide definitive guidance on production expectations until we have completed the clean-up and artificial lift solutions. At flow rates of 900 bopd, the Company would expect to deliver operating cash flows in excess of US$1.5 million per month (assuming $80/bbl Brent).

A comprehensive review of the drilling and completion operations and the technical challenges encountered will be undertaken so that lessons learned are incorporated into an updated field development plan.

The data provided from the SCHB-2(2.) well will also be incorporated into a field-wide study to understand the impact on both the risk and quantum of resources in the Schwarzbach South segment, currently assigned 2C contingent resources of 2.4mmbbls which will be targeted during the further development of the Erfelden field.

While the delay to fully understanding the production potential of this well is frustrating, the sub-surface results far exceed our pre-acquisition and pre-drilling expectation and we therefore remain pleased with the overall results of the SCHB2(2.) well and look forward to providing an update in due course."

apotheki
11/9/2023
07:06
Excess of 900 bopd
reidy66
11/9/2023
07:05
Excess of 900 bopd
reidy66
08/9/2023
16:44
Oops! Firestarter
olly353
08/9/2023
16:41
And other U/T close @ .27
apotheki
08/9/2023
16:18
Nah far from it as it's been a great week
bmwman3
08/9/2023
16:14
All to play for next week but a bit of a disappointing end of this one imho . ..
haff1
08/9/2023
15:32
Leaving the U/T out of it of course
apotheki
08/9/2023
15:31
So basically the current share price is U/C on last nights close
apotheki
08/9/2023
15:22
Now 45 minutes
olly353
08/9/2023
15:21
Offer and bid has just increased.You have another 50 mins approximately for it to drop a further 37%
olly353
Chat Pages: Latest  91  90  89  88  87  86  85  84  83  82  81  80  Older

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