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(Alliance News) - Continued worries about the health of the Chinese economy, interest rate fears in the US and less-than-stellar UK retail sales weighed on the FTSE 100 on Friday, which is now in its longest losing streak since late June.
Read more(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.
Read more(Alliance News) - Beacon Energy PLC on Friday announced its subsidiary found "good quality" oil-bearing reservoirs in the Meletta-Schichten sandstone and the Pechelbronner-Schichten sandstones on the Schwarzbach-2(2.) well in Germany.
Read moreBeacon Energy PLC - Germany-focused upstream oil & gas company – Notes sharp share price on Wednesday and reports that is undertaking operations on the Schwarzbach-2(2.) well. Beacon is targeting hydrocarbons in undeveloped Stockstadt Mitte segment of Erfelden field. Beacon adds: "The company is currently undertaking electric wireline logging in the well. Until the electric wireline logging programme has been completed and the results analysed, the implications for the future cash generative potential of the Erfelden field and the company's aspiration to build a self-funding platform for growth will not be known."
Read more(Alliance News) - Beacon Energy PLC on Monday said drilling is underway in the deviated mechanical sidetrack on the Schwarzbach-2 drilling operations in south-west Germany.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued Thursday and not separately reported by Alliance News:
Read moreBeacon Energy PLC - Germany-focused upstream oil & gas company - Begins drilling the Schwarzbach-2 development well at the Erfelden Field, onshore south west Germany. Drilling operations are expected to take around 25 days to reach total depth of 2,255 metres, with an additional 12 days scheduled for testing. Once completed, it is expected that the well will be tied-in to existing production facilities at the site and put into production.
Read more(Alliance News) - Beacon Energy PLC on Tuesday hailed the arrival of a drilling rig at the Schwarzbach production facility, which falls within the Erfelden Field development.
Read moreBeacon Energy PLC - Isle of Man-based upstream oil and gas company with operations ranging from Europe, Africa to East Asia - Says subsidiary Rhein Petroleum's E202 drilling rig is expected to mobilise next Monday for the Schwarzbach-2 development in the Erfelden field in southwest Germany. The rig will be on location and operational by June 19, with drilling expected to take around 25 days to reach the expected total depth of 2,255 metres. In April, Beacon acquired Rhein Petroleum GmbH from Tulip Oil and Deutsche Rohstoff.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Read moreBeacon Energy PLC - Isle of Man-based upstream oil & gas company with operations ranging from Europe, Africa to east Asia - Reports all resolutions were passed at the emergency general meeting including the reverse take over of the firm by Rhein Petroleum. Says existing shares will be cancelled from trading on AIM and new shares are expected to be admitted to trading on AIM with effect from April 11. Stewart MacDonald and Leo Koot join the board as chief financial officer and non-executive director, respectively.
Read more(Alliance News) - Beacon Energy PLC on Tuesday said it has called an extraordinary general meeting to approve its acquisition of Rhein Petroleum Ltd as well as a capital fundraise.
Read moreBeacon Energy PLC - Isle of Man-based upstream oil and company with operations ranging from Europe, Africa to east Asia - Launches a retail offer via PrimaryBid, with the price to be determined at the close of the placing. The placing is subject to shareholder approval. Following completion, Beacon says it will use the funds raised to finance the drilling, completion, tie-back and bringing into production of the Schwarzbach-2 well.
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