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BCE Beacon Energy Plc

0.1575
-0.005 (-3.08%)
22 Sep 2023 - Closed
Delayed by 15 minutes

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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 Shares Traded Last Trade
  -0.005 -3.08% 0.1575 79,100,082 11:49:08
Bid Price Offer Price High Price Low Price Open Price
0.155 0.16 0.1625 0.1575 0.1625
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Offices-holdng Companies,nec 0.00 -1.05 - - 16.55
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:41 O 260,138 0.1593 GBX

Beacon Energy (BCE) Latest News

Beacon Energy (BCE) Discussions and Chat

Beacon Energy Forums and Chat

Date Time Title Posts
22/9/202314:22Beacon Energy - The New Beginning & Positive Outlook1,024
19/9/202314:13BEACON ENERGY THE MONSTER687
14/9/202320:11A strong Buy @ 0.13p666

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Posted at 20/9/2023 10:13 by greypanther2
BCE's and UJO's market caps are quite similar as both are in the low £20 millions. Might there be scope for something more on the corporate front here? UJO has ca. 300 bopd net from Wressle and BCE's cash flow will remain quite low until Schwarz-2 has - I hope - successfully cleaned up and has been seen to flow at a decent rate. 250 bopd net to BCE would be pretty good, maybe even better all being well, and would be on the same scale as UJO's.
Posted at 18/9/2023 12:20 by bmwman3
Got lucky with BCE I suppose as I sold half my holding on the Friday before the Mondays RNS and rode PANR for 20 percent then today bought back in Sold 3.6million shares and just bought back 5.6 million odd with same cash! Followed the selling on that Friday and followed the buying here today fingers crossed but this truly is a bargain at this share price IMHO I couldn't resist
Posted at 12/9/2023 08:30 by apotheki
Well worth a second read....

TENNYSON E&P news – Beacon Energy – Schwarzbach-2(2.) update – anticipated initial flow rate of 900 bopd

Tennyson Securities, Energy Research

11 September 2023

Beacon Energy (BCE LN) has issued an update on the Schwarzbach-2(2.) well, following on from last month’s announcement of a substantial oil discovery. The company has completed analysis of the well’s flow potential, based on the reservoir parameters, nearby analogue wells, and the oil recovered to surface, with indications of a minimum of 900 bopd expected from this wellbore – at least 50% higher than the considered pre-drill base case of 600 bopd.

Since TD was reached, the company has perforated the well in preparation for production, however delays in the programme resulted in the clean-up operation only starting last Friday.

Due to the rig having commitments elsewhere, it has now been released, with Beacon finishing clean-up on a rig-less basis. This is ongoing at restricted rates of around 150 bbls/d, before a rod pump can be installed over the coming weeks to allow for a full clean up at rates up to c.250 bbls/d. Once all drilling fluids etc have been recovered, an electrical submersible pump can be installed and production ramped up to the expected commercial rate in excess of 900 bopd.

Meanwhile, Beacon is updating its subsurface model with the learnings of Schwarzbach-2(2.). As previously announced, the company expects the reserve base to substantially increase in the next audit.

The new well data now points to current 2P reserves (i.e. base case) up to, and potentially in excess of the 5.8 mmbbl pre-drill high case (versus 3.78 mmbbls pre-drill 2P case).

In terms of valuation implications, at 900 bopd, Beacon expects monthly operating cash flow of over US$1.5m per month at US$80/bbl Brent prices – equivalent to almost US$20m per annum.

The reserves are yet to be formally upgraded, however assuming the new base case is
consistent with the 3P case pre-drill, this would imply an NPV10 valuation of c.US$112m using the assumptions from the CPR (including a realised oil price of trending down to a long term c.US$60/bbl in 2030).

This is approximately double the pre-drill best case NPV10 of US$56.5m, and clearly has been de-risked substantially through the drilling of Schwarzbach-2(2.).

Furthermore, this valuation does not include anything for the 2C resources of 2.4 mmbbls at the adjacent Schwarzbach South fault block in particular, which will have also been
de-risked through the drilling of this well, nor does it include value for any other appraisal or exploration asset within Beacon’s substantial German portfolio.

Accordingly, we believe that there is considerable running room from Friday’s closing 0.27p/shr share price (market cap of c.US$35m) up to fair value.

The company has presented the results via an audiocast, which can be found
at hxxps://stream.buchanan.uk.com/broadcast/64fda29b84cbf5eec802cc26.
Posted at 11/9/2023 13:38 by apotheki
TENNYSON E&P news – Beacon Energy – Schwarzbach-2(2.) update – anticipated initial flow rate of 900 bopd

Tennyson Securities, Energy Research

11 September 2023

Beacon Energy (BCE LN) has issued an update on the Schwarzbach-2(2.) well, following on from last month’s announcement of a substantial oil discovery. The company has completed analysis of the well’s flow potential, based on the reservoir parameters, nearby analogue wells, and the oil recovered to surface, with indications of a minimum of 900 bopd expected from this wellbore – at least 50% higher than the considered pre-drill base case of 600 bopd.

Since TD was reached, the company has perforated the well in preparation for production, however delays in the programme resulted in the clean-up operation only starting last Friday.

Due to the rig having commitments elsewhere, it has now been released, with Beacon finishing clean-up on a rig-less basis. This is ongoing at restricted rates of around 150 bbls/d, before a rod pump can be installed over the coming weeks to allow for a full clean up at rates up to c.250 bbls/d. Once all drilling fluids etc have been recovered, an electrical submersible pump can be installed and production ramped up to the expected commercial rate in excess of 900 bopd.

Meanwhile, Beacon is updating its subsurface model with the learnings of Schwarzbach-2(2.). As previously announced, the company expects the reserve base to substantially increase in the next audit.

The new well data now points to current 2P reserves (i.e. base case) up to, and potentially in excess of the 5.8 mmbbl pre-drill high case (versus 3.78 mmbbls pre-drill 2P case).

In terms of valuation implications, at 900 bopd, Beacon expects monthly operating cash flow of over US$1.5m per month at US$80/bbl Brent prices – equivalent to almost US$20m per annum.

The reserves are yet to be formally upgraded, however assuming the new base case is
consistent with the 3P case pre-drill, this would imply an NPV10 valuation of c.US$112m using the assumptions from the CPR (including a realised oil price of trending down to a long term c.US$60/bbl in 2030).

This is approximately double the pre-drill best case NPV10 of US$56.5m, and clearly has been de-risked substantially through the drilling of Schwarzbach-2(2.).

Furthermore, this valuation does not include anything for the 2C resources of 2.4 mmbbls at the adjacent Schwarzbach South fault block in particular, which will have also been
de-risked through the drilling of this well, nor does it include value for any other appraisal or exploration asset within Beacon’s substantial German portfolio.

Accordingly, we believe that there is considerable running room from Friday’s closing 0.27p/shr share price (market cap of c.US$35m) up to fair value.

The company has presented the results via an audiocast, which can be found
at hxxps://stream.buchanan.uk.com/broadcast/64fda29b84cbf5eec802cc26.
Posted at 11/9/2023 13:30 by bad gateway
Tennysons take, not seen it posted. Good to see some production whilst waiting on the rod pump.

TENNYSON E&P news – Beacon Energy – Schwarzbach-2(2.) update –
anticipated initial flow rate of 900 bopd
Tennyson Securities, Energy Research
11 September 2023

Beacon Energy (BCE LN) has issued an update on the Schwarzbach-2(2.) well, following on from last month’s announcement of a substantial oil discovery. The company has completed analysis of the well’s flow potential, based on the reservoir parameters, nearby analogue wells, and the oil recovered to surface, with indications of a minimum of 900 bopd expected from this wellbore – at least 50% higher than the considered pre-drill base case of 600 bopd.

Since TD was reached, the company has perforated the well in preparation for production, however delays in the programme resulted in the clean-up operation only starting last Friday.

Due to the rig having commitments elsewhere, it has now been released, with Beacon finishing clean-up on a rig-less basis. This is ongoing at restricted rates of around 150 bbls/d, before a rod pump can be installed over the coming weeks to allow for a full clean up at rates up to c.250 bbls/d. Once all drilling fluids etc have been recovered, an electrical
submersible pump can be installed and production ramped up to the expected commercial rate in excess of 900 bopd.

Meanwhile, Beacon is updating its subsurface model with the learnings of Schwarzbach-2(2.). As previously announced, the company expects the reserve base to substantially increase in the next audit.
The new well data now points to current 2P reserves (i.e. base case) up to, and potentially in excess of the 5.8 mmbbl pre-drill high case (versus 3.78 mmbbls pre-drill 2P case).

In terms of valuation implications, at 900 bopd, Beacon expects monthly operating cash flow of over US$1.5m per month at US$80/bbl Brent prices – equivalent to almost US$20m per annum.

The reserves are yet to be formally upgraded, however assuming the new base case is
consistent with the 3P case pre-drill, this would imply an NPV10 valuation of c.US$112m using the assumptions from the CPR (including a realised oil price of trending down to a long term c.US$60/bbl in 2030).

This is approximately double the pre-drill best case NPV10 of US$56.5m, and clearly has been de-risked substantially through the drilling of Schwarzbach-2(2.).

Furthermore, this valuation does not include anything for the 2C resources of 2.4 mmbbls at the adjacent Schwarzbach South fault block in particular, which will have also been
de-risked through the drilling of this well, nor does it include value for any other appraisal or exploration asset within Beacon’s substantial German portfolio. Accordingly, we believe that there is considerable running room from Friday’s closing 0.27p/shr share price (market cap of c.US$35m) up to fair value.

The company has presented the results via an audiocast, which can be found
at
Posted at 08/9/2023 08:32 by karina
You Bought
4,526,417
BCE
Beacon Energy Ordinary Shares
Price Traded
£0.00265
Total Cost
£12,000.00
der Executed
You Bought
1,113,758
BCE
Beacon Energy Ordinary Shares
Price Traded
£0.00269
Total Cost
£3,000.00
Posted at 28/8/2023 10:31 by robwalsh25
Our new troll bankprofits who has now sold (Accidentally 😂) is repeatedly panic posting garbage thinking that his/her comments can influence the share price and the companies plans to issue an RNS 😂 its hilarious seeing the amount of tweets these trolls post, when u see a troll continuously post multiple times in a row to try and scare people into selling u can tell they are scared the share price will rise. These trolls are panicking for good reason, when the company issues the awaited RNS saying BPD is above 600 (Probably 3 times that) the share price will double and the trolls will disappear. I for one am buying more in the morning if the RNS doesn’t get released, people will be taking positions from Tuesday onwards and we will be blue right up until we get the results.
Posted at 23/8/2023 11:40 by bmwman3
Beacon Energy: further to climb?by Charles ArcherAugust 23, 2023Beacon 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 â€" and only volatility can be reliably guaranteed.Let’s dive in.Beacon Energy updatesOn 7 August, Beacon â€" which owns a portfolio of onshore German assets in varying stages of production, development, or appraisal â€" 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’ â€" with a further update due very soon after the reservoir clean-up and production testing have finished.CEO Larry Bottomley â€" who has enjoyed senior stints at Perenco, Hunt Oil, Triton, Chariot, and FTSE 100 oil major BP â€" 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 â€" 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 â€" 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.
Posted at 23/8/2023 10:35 by apotheki
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.
Posted at 22/8/2023 18:37 by apotheki
Share price targets are medium to long term = 5p+

with a short term share price target = 1p+
Beacon Energy share price data is direct from the London Stock Exchange
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