Member Info for Hms687

Agreed

Mini consolidation around 0.35p, then 0.66p

Good results and we might even nod 0.95p - will depend obviously on the details. If the details are good than the serious investors potentially come in. But management need to Biden e a firm strategy and plan.

Reserves just at Schzw2 whatever abive 5 million b would be excellent. Flow rates I’m not too bothered about.

Of course everyone will be very keen on the details regards what’s been happening since August 18th

But yes, things are looking good to go

Fort Knox solid base set up at 0.25p

Next level is possibly a gap to circa 0.35

Precisely Steve, flow rate not irrelevant but not the major issue either.

The amount whether 3.8M or higher is all sweet !

My personal yet complete guess is that SCHB2 crude oil reserves will be updated to about 5 million barrels ( that’s my reading between the lines anyway)

Whilst I agree the flow is important, I’m not amongst those obsessed with the rate. This oil is in Germany - a country that’s desperate for oil.

Any hues, @ circa 5 million barrels were looking at about £250M just from here - that’s equivalent to about £25 pa . And plenty more potential from the other wells requiring development

I think that once the really bigger oil investors start approaching, this will really boom.

I need one whole pence to clear my mortgage and leave the rest for my pension and grandkids

Gl

My view is that it literally could be anything post results. Variables that influence :-

1. Details in the update (flow, reserves)

2. General market sentiment on oil - world crude

3. Continued confidence (or not) in bod

4. Investors fully returning from holidays

5. Reposed plan/strategy from BCE

The only thing I’m personally certain of is a substantial mark up - 0.35, then 0.67, then 0.95 then the moon

Or another question that was once asked is :-

“ IS IT SAFE ? “

Well I’ve made my decision anyway

Why not, this’ll be worth a bit more soon,

Hooe me granny is happy with her new home

Bce attempt at satire Casper, and I agree there’s nowt wrong in trying to inject a bit humour.

But I’ve been involved in various aspects of the markets and there’s a few solid learnings I e picked up along the way.

One of those is that THE MARKETS DONT LIKE UNCERTAINTY !

So it’s not just me that’s nervous but the markets too as being reflected in tge SP. I think you yourself admitted that the SP based on tge last firmal update needed to be much much higher than what it is now.

All that will be rectified once tge news comes in formally but right now people are worried Larry dies t become another Peterkin

Anyways, enough from me for now - here’s hoping

Wontongue : or they give nice predictions including Champaign on ice, and then suddenly BANG !

I have no agenda here and probably have been involved here as a holder longer than most. But that doesn’t mean I should not be concerned when it is deserved.

I’m desperately hoping that things are ok but there really has been too long delays.

If it’s saying increased reserves at this % or that %, sorry but I expect simple numbers as previously outlined backed up in competent persons reports.

So cut the carp fella.

Casper, you may be right but like I said, I’m not a technical person and I need basic information from the board such as amount if reserves; what type and flow power.

If this is going to take time then that’s perfectly u derstandable. But they should t give vague timescales which hardly ever gets delivered to time.

Casper : that all may be already part if the projections made last year. Basucally we need a proper update

Even the last RNS few weeks ago talked more old figures - we need updates or clarification :-

“. SCHB-2(2.) electric wireline well logging results

The SCHB-2(2.) well reached total drill depth of 2,255m metres (1,717 metres True Vertical Depth) on 13 August 2023. This well was drilled to target hydrocarbons in the undeveloped Stockstadt Mitte segment of the Erfelden field, with 2P oil reserves of 3.784mmbbls assigned to this segment from the independent Competent Person's Report ("CPR") published by the Company in December 2022.“

I’m simply not too sure about all that tbh though I hope you’re right.

The previous headline stats stated by RNS was 3.84 mb 2p and potential 22 mb as potential needing exploration.

Anyways, I’d hope these things get clarified / updated soon - I may ask these questions at future podcasts myself

Casper, I’d hope that none of us have to watch dots if any colour.

Personally I’ve already invested enough for a substantial pay off when it reaches one pence ( or 0.95p to be more precise.

But the real gains are gonna be made by holding couple years and this is going to be determined large extent by the details

Yes ok, it said significantly higher but the sp has also gone up threefold since then.

Update will infirm if we need to invest even more ( thinking if putting up my granny on eBay)

But seriously, not that I know too much technical stuff about this industry but it does seem to be taking longer

Yes but it’s been a while since last update and some basic details we need to know. Not just reserves level but update on type ie 2p, 2c

:-((

In short, it costs $30/barrel in production costs.

Crude oil is currently about $85/barrel.

Very healthy profits at these levels and the projection will probably for prices to increase as we head towards winter.

Also, hardened investors come back after summer break soon

Casper : I do agree with you that global oil price is very important to Beacon hence important to get the facts clear.

In larry Bottomley’s interview last year he hinted that profit margins would be about $55 /barrel at the time when global oil was $85. Ie profit margin of $50.

Secondly, global prices fluctuates up and down due to many reasons. Current price is once again circa $85/b ( it was nearer $80 couple weeks ago

There are usually TWO global oil prices listed - Brent oil ($89) and Cryde oil ($85). It’s he CRUDE OUL price we go on not Brent

Hope this clarifies

Personally speaking I’m quite happy to see people like petroinvestor post here because it simply adds balance

Either it’s the news or the oil or both. But somethings up. 👍

Know wha a mean

orrite

ooh a know