Beacon Energy Share Discussion Threads

[apotheki] 20/9/2023 08:47

Hey bmwman3 could I politely suggest that you refrain from posting on the UJO thread as they also have their fair share of TROLLs who I for one would prefer NOT to see over here!

[apotheki] 20/9/2023 08:42

Wonder if todays news will be a precursor to UOG not only upping their stake but taking matters even further?!?!?

[karina] 20/9/2023 08:41

Spot on I had a large holding in UJO so I am not hammering this point on twitter but its SO valid

[apotheki] 20/9/2023 08:41

Interesting point bmwman3

[bmwman3] 20/9/2023 08:35

Plus if I were a UJO shareholder I'd prob think to myself why stay invested in UJO when I too could buy BCE! If the co I'm invested in is buying then rather than own BCE through UJO I'll buy direct!

[apotheki] 20/9/2023 08:33

And now another RNS out from BCE reference the INITIAL stake taken in BCE by UOG

[apotheki] 20/9/2023 08:30

Additionally Karina as you asked the question earlier in POST 983 - according to the UOG thread they purchased their INITIAL stake in the very recent placement so acted as one of the cornerstone investors

[apotheki] 20/9/2023 08:27

Yes Karina as they have just spent a cool circa 2/3rds of a million pounds on their INITIAL stake!

Perhaps they will continue to BUY in the market?

[karina] 20/9/2023 08:24

I can see some money moving over from UJO now

[apotheki] 20/9/2023 08:15

Tulip Oil's holdings in BCE are U/C it's just the %'s that have changed due to the placing

[apotheki] 20/9/2023 08:14

And now an RNS out from BCE

[apotheki] 20/9/2023 08:13

Absolutely Karina

[karina] 20/9/2023 08:11

So rather than buy back their own shares UJO have invested in BCE That tells a story !!

[apotheki] 20/9/2023 07:27

And the rest of his statement....David Bramhill, Executive Chairman, commented: "We have met with the management of Beacon and are familiar with their onshore assets in Germany, which we consider hold impressive scope and upside potential for both the near and mid-term.

"Without doubt we see a synergy between Beacon's and Union Jack's modus operandi and we look forward to the results of what appears to be a very encouraging and value accretive work programme going forward, including the testing of the Schwarzbach-2(2.) well."

[apotheki] 20/9/2023 07:25

Ok good Karina

[apotheki] 20/9/2023 07:24

David Bramhill, Executive Chairman, commented: "In line with our stated strategy to seek growth opportunities in foreign jurisdictions with politically safe regimes, we are very pleased to declare our INITIAL investment in Beacon."

[karina] 20/9/2023 07:23

ignore that !! seen it now !

[karina] 20/9/2023 07:21

where is that statement I have missed that

[apotheki] 20/9/2023 07:20

Their CEO states that this is just an INITIAL investment so potentially further BUYING to come?!?!?

[karina] 20/9/2023 07:20

From the placing or bought open market I wonder? Assume placing as its announced on the day of admission?

[apotheki] 20/9/2023 07:11

Union Jack Oil plc

Acquisition of 3% Interest in Beacon Energy plc

Union Jack Oil plc (AIM: UJO) a UK focused onshore hydrocarbon production, development and exploration company is pleased to announce that the Company has acquired a disclosable interest in Beacon Energy plc ("Beacon") (AIM: BCE).

Beacon is a 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.

Union Jack holds 430,000,000 ordinary shares of no par value in Beacon representing 3.22% of Beacon's issued share capital following completion of the company's recent fundraise.

David Bramhill, Executive Chairman, commented: "In line with our stated strategy to seek growth opportunities in foreign jurisdictions with politically safe regimes, we are very pleased to declare our initial investment in Beacon. We consider the investment to be a good use of capital generated from consistent cash flows principally from our flagship asset at Wressle.

"We have met with the management of Beacon and are familiar with their onshore assets in Germany, which we consider hold impressive scope and upside potential for both the near and mid-term.

"Without doubt we see a synergy between Beacon's and Union Jack's modus operandi and we look forward to the results of what appears to be a very encouraging and value accretive work programme going forward, including the testing of the Schwarzbach-2(2.) well."

[karina] 20/9/2023 07:02

Well, well ! UJO take a 3% stake in BCE......

[apotheki] 19/9/2023 18:00

A barrel of oil could indeed surpass US$100 for a second year running, according to Chevron Corporation (NYSE:CVX) chief executive Mike Wirth.

Speaking with Bloomberg, Wirth commented that “it sure looked like” oil prices would soon creep past the US$100 mark for the first time since July last year.

“We’re certainly moving in that direction,” he said.

“Supply is tightening, inventories are drawing down so the trends would suggest that we’re certainly on our way. We’re getting close.”

[bmwman3] 19/9/2023 16:35

Only a matter of time before this has a real big gain

[haff1] 19/9/2023 16:25

Earlier big trades only now showing....