Beacon Energy. Share Price (BCE)

Only need to go up by another 35 pence and I'll break even..

.wealthoracle.co.uk/company-results

Beacon Energy's final results for the year to 31 December 2025 reflect a transitional period in which the AIM-quoted company operated as a Rule 15 cash shell following the loss of Rhein Petroleum to creditor-led liquidation in mid-2024. The headline loss narrowed sharply to US$1.0m from US$18.6m the prior year, with the comparative dominated by a US$15.1m loss on disposal of the German subsidiary. Stripping out discontinued operations, the underlying administrative cost base fell to US$1.07m from US$2.55m, driven largely by a collapse in share-based payment charges from US$1.4m to US$46,000. The balance sheet is the more pressing read: cash had dwindled to just US$25,000 by year-end against trade and other payables of US$1.47m, leaving net liabilities of US$1.35m and a material uncertainty flag attached to the going concern statement. That position was remedied post-period by the 6 March 2026 reverse takeover of a 24% indirect interest in LNEnergy and a £3.79m placing, anchoring Beacon to the Colle Santo onshore Italian gas field with 73.3 Bscf of 2P reserves and RPS-modelled NPV10 of €37.6m–€52.9m attributable. Today's parallel news that a major Italian energy distributor has taken 10% of LNEnergy Italy at a €1.4m valuation, alongside consolidation of the licence to 100%, validates project quality. The investment case now hinges entirely on securing the Production Concession and reaching FID in Q3 2026.

.wealthoracle.co.uk/company-results

Live feed up and running again

Https://www.sviluppocollesanto.it/

curious that the live feed is no longer available

If they manage to get the construction permission, (bearing in mind others have tried and filed to get this off the ground), the best thing would be to just sell it and return a profit. just need 50 bags to get my cash back.