Fever, are you able to say any more on what you know about the operations? Has it been completed even. Thanks.
29 Apr 2024 07:00
RNS Number : 3136M
Beacon Energy PLC
29 April 2024
29 April 2024
Beacon Energy plc
("Beacon Energy" or the "Company")
Erfelden Operational Update
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.
Larry Bottomley, CEO of the Company, said:
"We look forward to the commencement of the sidetrack operation and remain fully focussed on establishing the optimal production capacity of the SCHB-2 well. Once a sustained flow rate is achieved, the Company aims to move swiftly to optimise and update the Erfelden Field Development Plan, a Competent Persons Report and debt funding workstreams required to accelerate further development drilling to realise the full potential of the Erfelden field. We look forward to the results of this operation and providing an update to shareholders in due course."
*************+wtqqjdzqugbknwnk
Flow results last week of May, however, they must have an idea if all went well or not???
All of the buying this morning is different behaviour from previously attempts where we saw a mass sell off! Bodes well although for me proof is in the RNS.
News due last week of May, as per RNS.
Anything else is just noise.
The 14th day is tomorrow (22nd)
Operations started 8th.
100%.
Please read the RNS. Because the RNS says that no update will be provided until flow rates have been stabilised.
Last week of May for flow test results - see latest Erfelden update RNS.
Last week of May.
“…sidetrack operation will take 14 days…”
“A further update will be provided following completion of sidetrack operation and once a stabilised and sustained flowrate has been achieved”.
Larry Bottomley, CEO.
Which placing? LOL. Remember there was a placing not long before the last one. That was for 0.15! I’m sure there are some folk in from there. Possibly not. They can’t fork this up.
I worry people may read this and expect up to 900 BOPD in the next few weeks.
To be clear, it will only be a max of 250 as they will be fitting a rod pump initially.
The rod pump can only deliver up to 250 BOPD. The rod pump is fitted first because they don’t want to fit the ESP and damage it with any potential debris from the drill.
Once they are happy, they will then remove the rod pump and fit the ESP, which can deliver up to 900 BOPD.
29 Apr 2024 07:00
RNS Number : 3136M
Beacon Energy PLC
29 April 2024
29 April 2024
Beacon Energy plc
("Beacon Energy" or the "Company")
Erfelden Operational Update
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.
Larry Bottomley, CEO of the Company, said:
"We look forward to the commencement of the sidetrack operation and remain fully focussed on establishing the optimal production capacity of the SCHB-2 well. Once a sustained flow rate is achieved, the Company aims to move swiftly to optimise and update the Erfelden Field Development Plan, a Competent Persons Report and debt funding workstreams required to accelerate further development drilling to realise the full potential of the Erfelden field. We look forward to the results of this operation and providing an update to shareholders in due course."
Because people did not read the latest RNS that said ‘update will be given once flow rate stabilised’ (which is most likely to be end of May) and expected RNS today??
Company did also say on or around the 8th.
Just a reminder…
“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.”
TO BEGIN ON OR AROUND THE 8TH, NOT THE 15TH.
The RNS dated 29th April 2024 reads “ 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.
Yes, 150 wouldn’t be a failure, that would be seen as a success. I’m no mathematician but I wonder if you could do some sort of ratio calculation to work out what the BOPD would be with the ESP fitted. 400/450 seems like a good number. I can’t remember where I read it I think 150 BOPD means the company only breaks even?
What would you class as a successful sidetrack (BOPD)
The rod pump delivers up to 250.