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I get that Kev but why did it not show my actual purchase price?
Its just the spread currently, the system takes the price you paid and guesses if its a buy or sell. Nothing sinister in this it happens quite regulary.
Snapped some up this morning , my broker says I payed 0.0628 but it is showing as a sell at 0.062.
what game is being played here?
Original…..🙄
Regardless of all the BS, whether my opinion or anyone else’s on here, all that matters is the sp - that’s telling sign here, and the way the sp has performed over the last 6 months tell me one thing, this is going nowhere. The increase over the last few days has almost been negated today and yesterday (no doubt the rampers will disagree, but the numbers don’t lie). The sp is a fraction of what it was before oil was even discovered!!! And even if they can get 100 or so bpd out of this duster, it’s going to require significant capex to commercialise it to a point where it may make a profit. Don’t listen to the rubbish Sheephatch spouts about it being self funding over 150bpd, the BoD will simply lap that up in performance dividends.
White night - complete and utter oxygen thief - if it wasn't for the fact you're so full of sh*t, you'd be transparent.
29 Apr 2024 07:00
RNS Number : 3136M
Beacon Energy PLC
29 April 2024
29 April 2024
Beacon Energy plc
("Beacon Energy" or the "Company")
Erfelden Operational Update
Beacon Energy (AIM:BCE), the full-cycle oil and gas company with a portfolio of onshore German assets through its wholly-owned subsidiary, Rhein Petroleum GmbH ("Rhein Petroleum"), announces that the drilling rig for the SCHB2 sidetrack has been released by the previous operator and will shortly commence mobilisation to the Erfelden site.
Sidetrack operations are expected to commence on or around 8 May 2024. The sidetrack operation itself is expected to take approximately 14 days. Once the rig has been demobilised from the Erfelden site, production is expected to re-commence during the last week of May 2024.
A further update will be provided following completion of sidetrack operation and once a stabilised and sustained flowrate has been achieved.
Larry Bottomley, CEO of the Company, said:
"We look forward to the commencement of the sidetrack operation and remain fully focussed on establishing the optimal production capacity of the SCHB-2 well. Once a sustained flow rate is achieved, the Company aims to move swiftly to optimise and update the Erfelden Field Development Plan, a Competent Persons Report and debt funding workstreams required to accelerate further development drilling to realise the full potential of the Erfelden field. We look forward to the results of this operation and providing an update to shareholders in due course."
Because people did not read the latest RNS that said ‘update will be given once flow rate stabilised’ (which is most likely to be end of May) and expected RNS today??
Company did also say on or around the 8th.
Would it be price sensitive? I seriously doubt it - after all the market is already aware that they intend drilling from today; why would a picture of the drill on site add anything new to that equation?
In the last RNS BCE stated the following: "A further update will be provided following completion of sidetrack operation and once a stabilised and sustained flowrate has been achieved."
So would posting on twitter a picture of the rig on site actually be market sensitive?
My last post was meant for Dump, apt name for it don’t you think. 😂
“ Ive fillowed them on Linkedin today incase they post on their”
It would be illegal to post market sensitive news ‘there’ without first publishing an RNS.
Is a spreader sell showing up as a buy now?
Hope so, that’d be 20min sold already today
‘ A further update will be provided following completion of sidetrack operation and once a stabilised and sustained flowrate has been achieved.’
So no RNS for spud, completion, etc…. I agree, an update somewhere would be nice.
I agree Ive fillowed them on Linkedin today incase they post on their. If they dont RNS thats fine but be good just a picture or tweet to say its started.
If we don't get an RNS hopefully something on X or LinkedIn to say drilling has commenced. Something to alert the markets .
GLA ATB DYOR
Just another useless twit that would do the world a great favour by successfully completing the darwin awards and remove his useless genes from humanity
😂 it’s not going to. 😂
And right on queue, down she goes. A mere 8%, plenty more downside to come when this sidetrack fails to deliver
If we get up to the 250 barrels at start we should be sure of more, Boooooooom. 😊
Morning Ezhik, bought most of mine at 0.05 but happy to top up. Statistically the side track post the experience gathered from the first drill should deliver a positive result, nobody knows how it will flow and it's always safer from our experience to exit or reduce before results if you are not prepared to take a big downside risk. I hear all sorts of comments with some brokers talking even 0.2p, reality is that the market cap is low and the oil there, but there are risks. Investors are coming in and the volume is on the up so upward pressure is on at least during the drill 2-3 weeks before results and Spreadex probs out which will make a massive difference as they sold 1.2bio shares DYOR
Rhein Petroleum managing director Peter Appel
"The natural porosity is good. We are confident that the new short branch line at the end of the well will result in a flow rate that reflects the quality of the reservoir"
" Due to the excellent reservoir properties and known data, we continue to be convinced that Schwarzbach 2 can produce significant quantities of high quality domestic crude oil"
A little patience and serious money can be made here.
The initial rod pump has a maximum output of 250 BOPD so we will definitely not see more than that.
Company hope to then install the second pump with in a few weeks which has the capacity for 900 BOPD.
So yes people aren’t going to see above 250 in the first flow rate news. We only need 150 to be self funding to then move forward and increase the oil production across the large acreage available to us. That’s where things could get even more exciting.
I’m hoping for 150-200. No more no less.
S.I. Still a long way to go with this SP, you should do very well with the top up.
Just added 5,000,000 shares at 0.0625 (shows as a sell). Don't be fooled Level 2 shows 17,000,000 shares on the buy at 0.06 and only 3,000,000 on the sale at 0.065 and after that it moves to 0.07. I think this will move higher and it's good at least as a short term trade if you don't want the drill result risk or upside in 2-3 weeks, but if Spreadex are out with their client shares, which is more likely by the day, this will move higher to 0.1 in my view. Time will tell DYOR
@pompey. There are good reasons mate and its capacity is 250, not 150.