Beacon Energy. Share Price (BCE)

Thank you HMS for the calculations, this is the best reason to be invested long term in this share. I envision dividends or 1p+ as long term holder and if everything goes to plan in next 12 months.

Even if beacon did not drill any other wells, making money from this 1 well producing up to 900bopd = 1.8 mill per month. 12 months = 21.6 million in the bank.

Yes shares in issue + placings + debt possibilities but unknown until AGM financials and in 2024 when we are supposed to go up to 900bopd.

Remember beacon stated this well will fund the next ones, if that still happens or not remains to be seen.

Market will not view this as 0.13p-0.20p anymore, thats 100% certain if these calculations are met. Even if your a trader your doubling your money within few weeks or months.

*New best reserves 7.2 billion barrels. @ $70 = $500M+. Current mcap £18M

Flow rates @ 900 bopd = £60,000 per day x 30 = £1.8M per month. So effectively we get MORE than our current market cap back in just one year*

Mr g b. You asked about 100% oil. The answer to that is that they have said there is no water cut, so in reality it's not 100% oil but there is a very high percentage plus a small amount of gas. So once all of the sh*te is out of the well, you could just about say it is 100% hydrocarbons. I cant tell you the amount of gas but I'm saying a small amount on the basis they have gone straight for a pump. The gas saturated in the oil at depth and under pressure expands as it flows through the formation and up the production tubing which helps the oil to flow and rise. Also, the use of a Pump points towards a low-ish reservoir pressure- it's not an issue and many wells go straight onto a pump.

It’s not what I do every day, but I think tge mm’s are manipulating things so much that I’m gonna do @ a bit of a Casper” in his absence.

New best reserves 7.2 billion barrels. @ $70 = $500M+. Current mcap £18M

Flow rates @ 900 bopd = £60,000 per day x 30 = £1.8M per month. So effectively we get MORE than our current market cap back in just one year.

So let the clean up take AS LONG AS IT NEEDS (and even longer if necessary) is what I say. Once that’s done, nothing to stop us getting us about £0.5 Billion just from Erfelden

Even the wisest if worse scenarios and the flow is somehow just 100 bopd, tv hats still worth about £2.5M pa forever and almost forever

Good luck all

But it’s not correct to say “ no news”.

It was confirmed to me in writing that the rod pump has been installed. The bopd will be stated once the flow has been stabilised. We have also been told already that the actual faster pump (900 bopd)will be next Q1 (about February 2024)

We had also been told that reserves has effectively been doubled to about 7.2mb and that’s just in the immediate vicinity Erfelden.

The only hang up so far is the reservoir clean up which is being done in parallel.

We all really should be scraping under the sofa to pick up more shares at these prices instead of letting the mm’s get their hands on them.

The company told be it’s as stated in the RNS if 13th November which outlines in great detail the information including the company and to optimise output. Worth reading again for those if you that haven’t.

As far as tge clean up is concerned, I’m just a layman but we’ve had one or two with experience in the area who say it shouldn’t take too long.

My guess is that all should be much clearer by the AGM if not earlier.

IMHO - no news tends to be bad news on AIM - but we will see what happens for next 2 weeks