Member Info for Hms687

Well, at least myself for one welcome the return of Whitenight postings. Yes, wording and style not succinct but nevertheless he is one of the few that gives a counter view. Also, to date he is just about the only person that got things right on here.

Hence I do worry a little if Whitenight still not positive on the company because I do hold a good few million shares here.

The RNS today indicates upping of stake by a hedge fund and I think that’s gonna be natural at this stage.

The key question STILL is will we finally finally hit oil albeit nearly a year after oromised

No I’m sorry, something just died t sit right.

He might have been in the game 40 years but if Bracon physically delivers oil here in Germany than it will dwarf any of his achievements in the past. 0.05pence could literally start making a serious move towards 5 whole pence within just a few years.

Anyways, I’m sure it’s a case of him simply not being physically and mentally not being up to it any more.

Best news I could have hoped for to see him go but good wishes in your life Larry ( or is it Leslie or whatever)

For me, both short term and even more long term - tge important thing is this from todays news regarding the NEW Ceo :-

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Beacon Energy PLC - oil and gas company - Promotes Chief Financial Officer Stewart MacDonald to chief executive officer from June 1, the day current CEO Larry Bottomley intends to retire from his role. Bottomley has been CEO since the start of 2022 and will continue to support the company as a non-executive director. The company adds that its search for a chief operating officer to support the technical and operational workstreams in the executive team will start soon. Company adds that the rig mobilisation regarding the upcoming SCHB-2 sidetrack operation is on track with the rig due to arrive in location in mid-April with the sidetrack operation set to start the following week.

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At times like this I always wonder what great world philosophers would think. The Great Eric da Terrible of Normandy would probably say something like “ The Seagulls are coming, all rats jump ship”

But seriously, I saw this coming months ago - looks like the mrs has caught up with him

Keep up man, that’s old news which actually failed.

We’re now talking about side tracking - tge results of which we’ll probably get in June. Side tracking is a strategic methodology whereby the board bamboozles us ordinary small investors whilst they and their freinds rob us blind.

But if you wanna be sure check the latest RNS as well as their website for latest presentation last month

I don’t have as much as you - perhaps half of it. And I’m not even sure what my average price is.

Yes I can also see it going lower in the absence of any news or developments - the bod are busy at their health spa or doing spring house decorations.

Do I buy more at these lower prices ?

We’ll, the way I look at it, as I almost always do is any more top ups I get, do I actually need that money for anything else ( that’s if I had any spare money in the first place). Basically only invest as if you’re expecting to lose it

I’ve done lots of little top ups and like you, any more will have to wait until it’s about 0.04 pence , PROBABLY ( I’m also susceptible to a tiny spontaneousaity

NO Ralladv2, in answer to your question I did not get a reply to my e mails. I have any really expecting either. But st least my query is now with them I’m waiting for by few

Absolute not two parties Trojan if it was a rollover. It’s the same one party making the two transactions, one immediately after the other. I e rolled over a few ( via brokers) myself over the years.

Btw it dies t have to be 21 days; it can be 10 days, 5 days, even just 3 days. It can also be longer.

I think you could be right sprinter in that it could well be a rollover. Probably fine at tge same time.

Probably a broker or mm has sold 159 mill shares and bought back straightaway albeit at 2 ten thousandth of a penny price higher

I know the trade is possibly delayed and may not have been just at the time stated. But still - it’s 309 mill shares sold -

If it’s just part of the churn shortening excercise then I’m happy. SP seems holding up well so not unduly worried just now

I admire your sustained confidence Ezhik. Mines shattered after waiting around approaching a whole year.

I’d love some big investors to start showing interest at keast if not confidence. IF they do, this could really catapult

I agree, they’ve already updated us as much as they’re willing to for now as per the last RNS and the last presentation.

The side track rig has been secured for April. The drill will last 14 days I think. Fitting up flow to follow afterwards once consistence ised ( I just made up that word). So as I said previously, we’re looking at May perhaps even June for news.

UNLESS something else happens - some external interest perhaps.

Global crude prices certainly much higher than the last few months.

WE JUST NEED OIL !

Naa Duprophet, that is NOT all that all that pi investors need to know.

We must also be aware of the exploitation that exists in this world.

Mistakes is legit and perfectly acceptable. There are famous cases in the past where a company reports a loss or a hit at results time - sometimes losing £M’s only to see its share price rise very sharply. WHY ? Because the markets believe that company will have learnt from its failure and not repeat the same type of mistake.

I’m afraid the markets just dint believe the same if the cronies in charge here.

And no, I’ve not flipped my shares - really no point flipping at these prices.

Ralladv2 “ Will the oil be produced ?” - NO would be my answer, just simply based on other failed promises throughout the year - would be lovely though to be proved wrong.

You also say it’s very cheap / again NO is my answer. From about 5 billion shares we suddenly find ourselves sharing the cake amongst 18 billion shares.

Any more dilution and it’s an absolute cliffhanger for the company’s survival.

Yes there is potentially tons and tons of oil down there - but it’s as if this pathetic board is lighting it all with a naked flame

Well, so we’re literally going to be sidetracked ( means naff all to me tbh) but it seems the rug for this has been secured for April.

Presumably there will be some time required to connect the rig, and then subsequent analysis of what it will help to produce. When can we get an idea - does anyone know ?

My guess would be Mid May or even June perhaps.

This is what Larry said at last RNS :-

“ We are delighted to have secured the rig for April and believe the side-track will result in a flow rate that reflects the quality of the reservoir that we have encountered. The funds raised will ensure Beacon is fully funded for the sidetrack, which in the success case will result in a rapid payback and transform the Company's financial profile.

We look forward to updating the market through the coming months."

I hope you’ve read/understood correctly.

In he meantime I’ve just this instance emailed seeking clarification

“ Hi

I’m still awaiting your response to my previous emails.

In the meantime, please furnish me details of how much oil the company is producing .

Thanks in advance.

Mr Bxxxxx

What would be the projection if production continued at 0 bopd ?

Hepseal :- “ With reference to the RNS announcement we could be producing a similar amount, plus or minus, at the current time.“

I simply don’t agree with you here. I can only be certain that the historic 30 bpd will be in production the new pull will be slowed down or stopped. We have to await the new rod pump to be installed after the side creation

I’d sent them the following email on 29th January 2024 with a short polite reminder on 18th February 2024 BUT NO REPLY :-

“ Hi Again Barry,

I’ve read the further delays in progress re Erfelden well. I’m now concerned regards viability of funding.

Could you please tell me the minimum breakeven figure you need per year. This can be in £’s; or even the number of barrels of oil need producing.

I hope that’s not too tough an ask but if it is, do let me know and I’ll attempt to find via alternative means including any external regulators

Regards

Mr Bxxxxx ( shareholder with interest)”

Yes John Bell, they’ve been very clear about what’s happening now for about a year. Only problem is, nothing as yet has happened as per what they’ve been clear about.

We still ain’t producing a single barrel of oil, new oil.

This is why I’d have liked a video perhaps with a media person interviewing, and perhaps also allowing one or two pundits like ourselves to ask questions.

They’re certainly not great at answering emails prompt.

I posted an email and subsequent reminder just asking how long they are likely to be liquid. Still got no reply

Heiseal, at the last count I looked they were getting 39 barrels on a long standing basis.

The new well which got polluted and needed sandblasting dint think has yet been rejoined - I think this will be done now after side tracking has been done