Member Info for Hms687

Thank you all for your responses. So although if written these off in my mind, I guess I’ll still have at least a few hundred quid worth once the price is listed and i should see it on my Hargreaves Lansdown account.

I honestly haven’t kept up to date but presumably this fundraiser will add some kind of stability to the company.

Oil prices should sky rocket soon for what it’s worth

Correction - suspended at 0.0039 p

Ok, so I’ve got about £10,000 worth of these share ( at the various prices I paid per share). These shares were suspended by my broker Hargreaves Lansdown at about 0.04p I think. But at the moment it’s all set at “0” as the shares have been suspended.

Has anyone got any idea whatsoever what to expect tomorrow ! Personally in my mind I’ve written off these

At

I may have gone but a, it’s just a rubber stamp excercise and my number of shares will not make a difference, and b, it’s frugging off shore - don’t think my double decker will get there

But it would be great if anybody did go because not in the framework of the actual meeting but pre and after meeting may be a good chance to k an a director for answers

I kinda thought about doing thus last year but this year I think it’s just a forlorn hope

“ BCE will become a cash shell once the Rhein asset sale process completes / liquidation process commences. We expect that to be in January.

We have sufficient funding to mid 2025 and depending on nature, timing and complexity could fund a deal from existing cash resources. Any larger scale deal will be conditional on raising new debt and/or equity funding. All depends on the specifics of the deal.

Hope that helps.

Kind regards,

Stewart “

AGM will vote to allow over 9 billion new shares to be issued ( about 50% of existing)

Ok, so I know this can be a bit of a standard clause but personally I wouldn’t mind 9 Billion shares being issued to raise finance ON PROVISO that the company has a plan. Simple plan would be to fund yet another drill - who knows, maybe we’re umpteenth time lucky?

Let’s face it, mistakes of us have written off our investment here anyway so nowt to lose I guess

Final Results and Publication of Annual Report

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 its Final Results for the period ended 31 December 2023.

Copies of the Annual Report and Accounts have today been posted to shareholders and made available on the Company's website at: hxxps://beaconenergyplc.com/

Mark Rollins, Non-Executive Chairman of Beacon Energy, commented:

"During the year and subsequent period, the Board has worked tirelessly to deliver the Company's strategy of pursuing value-enhancing opportunities to develop and grow a self-funding upstream oil & gas company. Following the completion of the transformational acquisition of Rhein Petroleum in April 2023, which was aligned with our growth strategy, we faced several operational challenges during drilling and experienced varying flow rates from the Schwarzbach-2 well.

Even with the challenges we have experienced, the Board remains convinced that Erfelden is a material and potentially highly valuable onshore oil discovery, with best estimated recoverable reserves of 7.2 million barrels.

On behalf of our shareholders, we will continue to assess all options to realize maximum value from our assets. We thank our shareholders for their support and patience during this time and look forward to providing updates on our progress as we move through the rest of the year."

Apotheki: CHAIRMAN'S REPORT

Dear fellow shareholders,

I am pleased to present the following statement in support of the annual results of Beacon Energy plc (the "Company") for the year ended 31 December 2023.

During the year and subsequent period, the Board has worked tirelessly to deliver the Company's strategy which is to pursue the acquisition of value enhancing opportunities to develop and grow a self-funding upstream oil & gas company.

In April 2023, the Company was pleased to complete the acquisition of Rhein Petroleum GmbH ("Rhein Petroleum"), together with a £6 million fundraise and simultaneous readmission to AIM following a period of suspension associated with the reverse take-over (the "Transaction"). Rhein Petroleum is an established full cycle E&P company with a portfolio of largely operated production, development, appraisal and exploration assets located onshore Germany. This acquisition represented a transformational transaction for shareholders, which was fully aligned with Beacon Energy's growth strategy to focus on assets with proven resources and therefore tangible value.

Immediately upon completion of the Transaction, the Company secured a drilling rig to drill the Schwarzbach-2 development well on the Erfelden field. Drilling operations commenced on 19 June 2023. Notwithstanding operational issues encountered during drilling, the Schwarzbach-2(2.) ("SCHB-2(2.)") well reached total drill depth of 2,255m metres (1,717 metres True Vertical Depth) on 13 August 2023 with electric wireline well logging completed shortly thereafter.

The wireline logs obtained confirmed that the SCHB-2(2.) well encountered a 34-metre gross interval containing 28 metres of oil-bearing net reservoirs in the Pechelbronner-Schichten ("PBS") sandstones within the Stockstadt Mitte segment of the Erfelden field. These oil-bearing reservoirs were encountered approximately 25 metres higher and 10 metres thicker than prognosis, with porosities averaging 18% in the Lower PBS and 21% in the Upper PBS, with no water-bearing sands in the 42m hydrocarbon column.

As a result of the encouraging electronic log results, the Company completed an over-subscribed £4.3 million fundraise in September 2023 and subsequently, on 13 November 2023, the Company updated its assessment of potential reserves in the central part of the Erfelden field to 7.2 mmbbls (Best Estimate Case), with range of 4.7 to 10.2 mmbbls (Low Case to High Case). For comparison, the Competent Person's Report for the Erfelden field, published at the time of the Transaction, outlined a 2P reserve of 3.8 mmbbls.

Following installation of a rod pump, production from the well stabilised at a disappointing 40 barrels of oil per day ("bopd") - materially below expectations given the results of the electronic logs. The low production rate indicated that the reservoir near the wellbore had been invaded with drilling fluids, restricting flow rates.

In January 2024, the Company und

Effectively no news (crotch accounts done).

Means fighting on while many, including me, half expected the hammer to fall.

On life support but still breathing - I’ll take that for now

Someone on the Telegram Group has received email confirmation that it will actually be a Monday 7am RNS. Looks like I was right

I’m happier with no RNS than announcement effectively burying the company

Hence exist ing after hours today - potentially even 7am next Monday

I agree our shares are worth next to nothing right now no matter how many millions you hold - even the bod hold a billion of them

It will all depend on what they say going forward in terms of fundraise for possible new drill attemp - maybe preferential discounted shares for current holders ?

But best not to raise any hopes eh

Matter - perhaps they were just slack

I find it hard to believe than on land, in a country like Germany, we are unable to extract millions of barrels of oil. How hard can it be.

What’s the answer to this uncountable question ?

Yes I think it will probably reopen at a price simply not worth selling your shares - even if you have millions and millions.

The truth is, will they simultaneously announce plans to re finance/fund more drilling - third or fourth time lucky perhaps.

Paradoxically I was somewhat heartened in my exchange with the new CEO who is not list on the fact that 7 to 10 MILLION barrels of oil is still down there.

A bit surprised market trading to open again next week and I think it may be a bit of a bloodbath if it does.

I’m being informed the board have been doing their best in three strategic situations as I outlined - including stabilisation of rod pump production rates. But I also know the result will be very bleak things being as they were.

So can’t see any other route except funding requirement and I just hope for all our sakes that funds are raised successfully for a rejuvenated attack on the possible extraction of our oil - some 7 to 10 million barrels

Ah well, start searching yet again for loose pocket money perhaps in readiness

Correction in my fourth paragraph - the claim is for 7 to 10 MILLION barrels not Billion

Tbh I did speak with the CEO myself nearly a month ago, albeit by email.

He echoed much of what was said in the last RNS of 27 August. Three current priorities :- stabilising rid pump production; costs cutting; and reaching agreement with creditors.

I was also informed how concerned the board are themselves - they own over one billion in shares themselves.

It is still claimed that between 7 and 10 billion barrels of recoverable oil is at Erfelden but that new ways of recovery will be needed. He said an update RNS would be made “in due course@.

He was responding to a very strong letter from me .

In my view, I was at least pleased I got the reply if not with the contents. But at least it demonstrated some real passion from our CEO as compared to the previous two who just walked away

Oh. I dude, don’t you ever give up ? You DO NEED to give up . This is in fact what I contribute - a reality check k to the few like you still insisting on living in cloud cuckoo land

And I do it without even expecting any thanks - just sort your l lives out - call it experience e and move on

Oh there is of course more life keft in this one yet.

They’ll be trying to sacrew you all for every last penny you still saved for the rainy days. They need that for their party’s and their mates

Wtf point in drilling anywhere else ? The whole point is we were repeatedly promised millions of barrels of oil here and that experts and our £millions were used to drill for it.

Just put the crooks in jail i say