Beacon Energy Share Discussion Threads

[apotheki] 16/10/2023 14:46

On the news though any potential placing sellers left [if any?] should be quickly blown away though!

[bad gateway] 16/10/2023 13:35

or its forward selling for the next raise.
Co. didn't say clearly enough for my liking in their interims they had enough funds to take the well into production it was mainly about providing liquidity and paying the extra the delays had cost them.
Would be more trusting but reports were they were arranging the .15p placing at the .27p level so more interested in looking after their mates than their investors imo.


"As a result of excellent drilling results and increased expectations around recoverable volumes and production, the Company successfully completed an oversubscribed fundraise of GBP4.3 million with new and existing shareholders on 15 September 2023. The additional funds will be utilised to satisfy outstanding costs associated with the well, fund further activities required to realise the full potential of the well and provide liquidity during the well clean-up process. As a result, the Company moves considerably closer to its goal of becoming a self-funding business."

Still holding a few but definitely in the see what happens part of the portfolio at the mo.

They also haven't divulged what the net amount they raised was which seems naughty. Won't answer emails on that question either?

[apotheki] 16/10/2023 13:20

Yes agreed SOS100 as it does rather look like every decent share price rise is being sold into by placees from the recent placing

[sos100] 16/10/2023 13:17

going to need some positive news to continue a recovery...

[apotheki] 16/10/2023 10:00

Yes lovely blue skies

[rovi70] 16/10/2023 09:43

Good morning all and it is.

[reidy66] 16/10/2023 08:49

Off we go again ...m

[apotheki] 16/10/2023 08:35

Lovely start

[apotheki] 16/10/2023 08:20

Moaning all

[apotheki] 13/10/2023 09:10

Extremely exciting news expected from BCE this month which could potentially come as early as next week!

[olly353] 13/10/2023 08:55

And on much improved volume. So all looks good...

[olly353] 13/10/2023 08:49

Nice steady move up on buys and sells.

[apotheki] 13/10/2023 08:35

Still early doors

[reidy66] 13/10/2023 08:33

O.2 was paid for 6M in that run up ..

[apotheki] 13/10/2023 08:25

Yes a very solid start to the days trading

[olly353] 13/10/2023 08:15

Solid start.

[tomoneyfox] 12/10/2023 22:24

No rush, it'll all come in good time

[steephill cove] 12/10/2023 16:57

⏰ ticking. Getting closer!

Brent is way higher than $80 per barrel & the cash flow will be far higher than $1.5M per month when it is brought into production. If they commenced the well clean up on 8/9/2023, they have to be close now & the key is getting the ESP fitted ASAP to see how much more they can get beyond 900 BOPD ✅

[steephill cove] 12/10/2023 16:52

⏰ ticking. Getting closer!

I also fully expect an imminent BCE reserves upgrade based on the content of the Interim Results RNS 📈⬆5039;🆙

Well done BCE 💪

🤜🤛

[bmwman3] 12/10/2023 16:03

Long overdue

[reidy66] 12/10/2023 15:51

Plenty of buying pushing this up

[bmwman3] 12/10/2023 15:02

One of those stocks where you need to load up now down here at this level as we all know where this is going

[sos100] 12/10/2023 14:58

bit better but miles away from the highs....
A lot of work for the company to do before i would be happy

[bmwman3] 12/10/2023 12:53

All together now PUSH

[reidy66] 12/10/2023 11:59

It's pushing hard mate with good volume