Member Info for Hms687

GordonBennett as I’m sure you’re aware the correlation between fundamentals and share price is often bewildering.

I try honk we can shred t if hat just about all the fundamentals here are breathtaking ! Oil glow, developments, team and experience, National legal frameworks, and of course the amount of OIL.

I think the missing piece is t he hard attention if serious investors- partly this will have been based on many switching off after the Buffalo debacle ( even I had been upset). But I think this will all change in due course and we’re looking at a fairly safe journey towards mid cap status

No chance to get in at that price now

I’ve always said this will be one whole pence per share, it was just a question of when

I reckon we might see 1 Pence by year end, no worries.

But the even more interesting bit is potential for the 22 mill barrels development fields.

We’re literally talking mid cap status ❤️

We will find test results in due course ( we’re initially told about seven days)

Larry can be quoted in his video “ 200 to 1600 bpd”, but then used 600 bpd as a working figure.

For me I’m not bothered the rate as long as we get good oil and there’s enough to fund even more development for the 22 million barrels in that vicinity- and that’s all within Germany itself

Currently between 200 to 1600 bpd according to Larry (as per my memory).

But longer term even 4000 bpd if development turns good

Good luck all

We are still waiting on final confirmation but it is starting to look good with a probable big buy order on the books.

Knowing this company I still expect further dramas and a bit more up and down in sp action.

Personally I’m in middle to long term and One Whole Pence per share is my realistic expectation

We need to start some kind of legal action plan if this turns sour again :-

1) Sue the board and family fir r dry single Penny they have; and

2) Ensure they are behind bars in prison

Fruccing fed up if they e duped us again

agreed that an update is both needed and expected probably tomorrow or very soon afterwards.

paradoxically i believe a report of some sort of minor fault or delay would be a good thing in my view. far better a delay than some **** and bull about it all going pear shaped for some reason.

yes we agree on our baselines as for me i’m looking at potential revenues running into multi millions of £’s ( mid cap status) - it’s his warren buffet would see it if this company came to his attention.

it’s just a matter of timing.

No Professional

I’m certainly not a big fan of either Larry or his board, but although there has been a delay(s), they have always maintained this is possible. The main thing is they have kept us informed and also that we are roughly on target.

A few eeeks, even months delay is nothing so long as desired output in oil can still be achieved.

Output in Larry’s words at this junction is anything between 200 - 1500 barrels daily.

There has been no mention at all of any funding deficiencies

Well, nobody trading in these innit .

ALL the news, RNS, updates, presentations and reports coming out about this company are extremely positive .

But the age old addage is to “”Trade what you see”, and not to trade what you feel.

I FEEL that this share is a multi multi bagger bought at these levels.

But I SEE nothing but consistent selling here on a one way downward.

People simply unsure about buying or selling hence the status quo

Let’s hope flow is at least 1000 bpd

Bracin had potential to deliver 4000 barrels per day. In thw more imminent sense it’s expected to be anything between 600 to 1500 barrels pd. Larry was hinting at at least 600 barrels as a working figure.

So 600 x £70 = £42,000 DAILY !

But of course costs of production; global price can be varied as of course can be the actual number of barrels produced

But whichever way you look at it, this is going to be more valuable than gold soon enough

Hence the last couple of RNS including today that all is (still) ok 👌

Schwarzbach-2(2.) Well Update

Beacon Energy (AIM:BCE), the full-cycle oil and gas company with a portfolio of production, development, appraisal and exploration onshore German assets through its wholly-owned subsidiary, Rhein Petroleum GmbH ("Rhein Petroleum"), announces an update on the Schwarzbach-2(2.) drilling operations.

Drilling is currently underway in the deviated mechanical sidetrack. The well is on track to achieve the primary objectives of testing the reservoir targets and completing this well as a producer as part of the development of the Stockstadt Mitte segment of the Erfelden field.

The Company expects to reach TD in the coming days and will provide a further update on progress of the SCHB-2(2.) well as appropriate.

END

This will seem like a very daft question but tbh I’m a bit sick of too many jargon and abbreviations being used. My question is : What exactly does TD mean ? Secondly, what are we expecting to know from the few days process after that ?

Basically when can we xpect to stop waiting to find out where we are going with this drill

Chairman’s statement Results of 29 June 2023 :-

“ · The Transaction provides Beacon with a beneficial interest in a proven and producing oil field with material existing resources and a platform with potential to achieve production of up to 4,000 bopd in the coming years.

· Beacon now has independently certified 2P net reserves of 3.85 mmbbl and a 2C net contingent resource base of 22.96 mmbbl, located across four core assets in Germany “

Grey Oanther and Highland Mat, thank you fir your insights which I value.

I guess it’s not all as straightforward as I thought then as my bottom line is how much oil we touch instead if how much we bring up. Won’t all that oil ultimately be drilled at fairly low production costs ( I make out minimum $50 per barrel profit).

Once again thanjs, thus oil business certainly is weird.

But I’m very happy as long as tge oil is there and recoverable

I reply and repeat the quote from the company chairman Larry Bottomley at annual results :-

“ “ · Beacon now has independently certified 2P net reserves of 3.85 mmbbl and a 2C net contingent resource base of 22.96 mmbbl, located across four core assets in Germany. “

So the certified net resources itself comes to about £200M even without the potential 22 million barrrl contingent as stated above

OK, so let’s dream. IF we hit oil then this is what the Chairman said in the annual report (RNS 29 June ) :-

“ · Beacon now has independently certified 2P net reserves of 3.85 mmbbl and a 2C net contingent resource base of 22.96 mmbbl, located across four core assets in Germany.

· Beacon has a full-cycle portfolio of largely operated production, development, appraisal and exploration assets in a proven, mature hydrocarbon basin.“

3.85 million barrel certified

Global oil today about $80/barrel. Costs inc tax about $20-25 per barrel ?

So dreaming about £50M x 3.85 million = A LOT !

Current market cap £9M