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15th May is next Wednesday.
GLA ATB DYOR
Just a reminder to any new investors of what the possibilities are -
150 bopd = $40k per month
300 bopd = $295k per month
600 bopd = $805k per month
900 bopd = $1,310,000 per month
Just 150 BOPD required to be self funding and the company able to push on and drill again.
Not long now and I suspect a good week coming up with or without news.
The rod pump will be replaced with an Electrical Submersible Pump ("ESP") which has higher capacity.
A possible 900 BOPD is possible if successful.
They were hoping to have the ESP fitted first quarter of 2024 but yes we are now behind a little.
Just might be worth the wait 😀
Wont they need to replace the initial pumping device to get a much higher bopd which obviously will take more time etc etc
I’ve seen the opportunity, 75m shares now, this is going one way ⬆️
The reservoir has exceeded all expectations and practically doubled in estimations!
All's we need is a sidetrack not being evaded by contamination..
Anything above 300 bpd will exceed recent highs imo.Fairvalue is still way above these prices.
I expect we will see 7-8 bef
Yeah it feels like people aren't realising the actual opportunity here. The oil reservoir and reserves are proven. The well is drilled. This is 100m to basically bypass one small section corrupted by drilling mud, only a few metres all in all. New company sourced to eradicate any mud issues this time. Quite the opportunity at these prices.
Going back to the last rise towards 0.20
on this rns.....https://www.lse.co.uk/rns/BCE/schwarzbach-22-well-update-2k79x5qlrnhkizv.html
the sidetrack should in theory,replicate that.
all being well and similar problems dont occur,afterwards.
dont know what the mcap was back them,but no reason why it can be replicated,to some degree.
Kevin, agreed. You look at exploration / speculation shares that are 3x what we have here with a known oil reserve it does make you scratch your head.
GLA ATB DYOR
Thanks for sharing this, good to remind ourselves on the project. I just don’t know how the sp can still be this low.
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.
Incredibly pleased to be in here, hex seems to be on everyone’s mouths right now but in a few weeks we will be the ones waking away with a few bags whilst the hex bunch talks about that great spike they had when theirs pulls back and the trades react to our good news
Suggest any potential investors to look at the latest presentation https://beaconenergyplc.com/media-centre/print-digital/
Agree and also some Twitter/X activity after a long absence.
GLA
This month will be interesting :)
Really great volume today and nice to see the SP finally moving.
Should have put us on a few new traders radars and I hope they do their research over the weekend. Hopefully they will realise the truly exceptional potential return on their investment if they get in soon,
Bring on next week.
Or ukog,even
Carrot
back in 2011/12.....tukog was the hottest stock in town,how times change uh.
I wonder if Pboo managed to get any whilst they’re cheap or if he will miss the boat again trying to average down in UKOG instead?
Edging up again.......10 min to go
Nobody knows as they were below 3%, but the last RNS mentioned that they went below 3% on the 25th April, so we had 6 trading days since and we all know that they are among the sellers, hence their position is coming down all time, assuming the want to be full out sooner rather than holding some for the results. Add to that an increase in interest and volume and May will as we know be very interesting DYOR and enjoy the long weekend
The fundraise hoped to deliver those numbers as operating cash flows, that's not free cash flow (after capital expenditure) but it would be very positive outcome of course
I would remain cautious about margins until we have the company financials. There is a difference between this well/field wiping it's own face and the company as a whole turning a profit. I'm not sure the two numbers are the same, although they may be close.
Looks like people are filling their boots whilst we’re in bargain territory.
Anyone know how many of the 500 mill these knobs still have left to sell b4 they can f off?
Just so those who ern't awere 150 bpd is deemed commercial anything above that is profit so if we reach 900 bpd thats over a million in profit a month on a market cap of a company circa 10 mil!
150 bopd = $40k per month
300 bopd = $295k per month
600 bopd = $805k per month
900 bopd = $1,310,000 per month