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Be special spoked?
*be spooked
Hi pompey, the rsi divergence looks great to me.
I’m guessing no point putting out the money for a better pump till they know it’s worthwhile?
And how much was sp when no oil produce - oh thats it 0.20p !
150-250 is better then no oil now right and would be with existing pump
and replacing with better pump it will be a lot more
JUST REMIND U ONCE AGAIN . IT WAS 0.20p without oil
SO PERHAPS dbh1956dbh should be just as honest
If that is correct then that is a very fair comment.
If people reading this board see a low bopd and not understanding it cannot be higher without the pump upgrade they could misinterpret the flow results as poor - be special spoked and spark a sell off…
Thanks for posting. Appreciated.
What's the point of putting in a pump that can only handle 150? Good looking chart by the way.
Can we please be realistic about the potential bopd expected. My understanding is with current pump if all goes well the maximum obtainable due to limits is 250 so 150 should be the obtainable amount and anything more than that a bonus. When the new pump is installed then maximum should be 900 bopd so 500-700 should be the expectation. Keep it real and factual
Will know of news either way, as its like a swinging door. Fingers on the trigger if the inside track start to dump
A blue finish every day between now and any news will be all we can ask for and I’ll be very happy.
RNS: 29 April 2024
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.
Side track has not begun - still two days rig up left to complete.
For a long time this morning the shares where at 0.065-0.07p with large sizes bid. I think that the 100,000,000 order booked at 0.067 is actually a large sell order worked into that volume this morning and booked once completed. As a guess another chunk of Spreadex shares cleared. If that is the case they might be out this week if they sell the entire 1.2bio shares which they bought for their clients during the last raise. Again if correct this will go up further for another couple of weeks and before results. Time will tell as all guesses DYOR
I posted this the other day after watching the recent update presentation, gives a breakdown on acticvities.
According to the video ( off memory so don’t jump on me if I don’t get this 100% correct) 1 day to open up the well and remove the old pump, 2 days to compete the drill and another day to fit the production casing. One final day to refit the pump then it’s back to flow testing to see what rates they get.
If we start next Wednesday we could get an rns the following Monday to confirm the process was a success and complete and then a further few weeks to get confirmation how many bpd they have got.
The rig is onsite now, spud is due to start tomorrow
The below is from the RNS
"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."
I believe it takes about 5 days to complete all the work and the remaining days is getting an accurate flow test
Rig is supposed to be on site tomorrow or within next couple of days...if all goes to plan and bopd stabilises at 500+, champagne corks will be a flying
Sidetrack drilling has already begun do we know? think somebody on here said it would only take about 2 days of drilling and its 100 metres or so.
£67k buy. This is it. Belt up.
£67K
Wow. 100m buy spotted
Well this company is known for being leaky…. Rns tomorrow?
A 100 million share buy is no punt.
Nice to see a blue finish after the volume today.
100 mill buy there
It held its gains from Friday which is really good, you sometimes see shares go up on a Friday due to FOMO thenn drop the Monday on no news.
Its dissappointng not to of held the gains earlier but we are still in the blue and not red yet. Hopefully we will get an RNS tomorrow confirming that spud has begun and see another boost in the sp.
That the price hasn't even held one day !? Should have waited until this afternoon, that bloody crystal ball again !!!
GLA ATB DYOR
Spreadex will still have some to get rid of, this morning was just a glimpse of what’s to come once they are out and the drilling starts. A few PIs have bought the best value early bird tickets last week and this morning, some will be paying a premium nearer the time and many more will be paying many multiples after the event.
3 of the 10m trades have the exact same time stamp. so i'm not sure there were 4 sells. my share stream volume doesn't match either.