Member Info for Mightyeagle

Double that loss for me! Been stuck in this shower since the Leslie Peterkin champagne on ice BS

The last RNS stated :

It is expected that suspension from trading will be lifted with the publication of the Annual Report and H1 2024 Interim Results.

Why would they state they expect the suspension from trading would be lifted when they publish the report if they knew they were going bust?

Yes back up and running next week with something positive hopefully!

No it’s not the end, they notified us of the suspension last week. See their RNS dated 28 June

While a stabilised rate has yet to be achieved, management continue to believe that production from the SCHB-2 well is likely to stabilise in the 50 - 100 barrels of oil per day ("bopd") range.

· Production in this range, when combined with existing production from SCHB-1 and Lauben (approximately 30 bopd), is estimated to generate gross revenues of €2.3 - 3.7 million per annum (at US$85/bbl Brent).

Seems Larry and Leslie were both incompetent crooks

What’s your assumption based on white night? Do share with us all

78 posts today, some good some bad and some ugly! Not long to wait now for news of sidetrack success and a decent flow rate.

Even a broken clocks right twice a day!

Slight delay then, not anything BCE can do, at least they kept us informed. A bit more patience is needed before we get over the line

7 or 8 out of 10 for me, we know the oil it there and lots of it, just have to hope this time they can get it flowing at a decent rate.

Many of us will need to hang on now, still April isn’t that far away

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 think RNS Monday with good news on flow rates, BCE do seem to like a Monday RNS

Indeed, there could be news next week.

Assuming the sand jetting operation has a level of success and we have a flow rate of somewhere between 100 and 200 bopd once the rod pump has be reinstalled, out of the longer term holders, who feels they would be tempted to sell then and who would hold on for the ESP to be installed in April and wait for results?

The RNS is just to keep us all informed of progress, should be taken as a positive as good news will eventually come to those who wait

And not one from white night today!

More of your negative spin whitenight, I don’t think the RNS implied they were expecting the flow rate to improve to much on its own, that’s why they are sandjetting and installing a ESP eventually. Still a bit more patience required by investors here

Yoglet are you white night Ind disguise?

Reckon white knight is just a shorter and a bit of a misery, he/she/they know their getting to a few on here and no doubt taking pleasure from it.

We’re all here to make money by whatever means, live and let live and what will be will be. White knight won’t influence that but might give a few the jitters! It’s all a game really, just stick to the reason you invested here if you still believe things will come good

I believe they will eventually arrive at their destination but I don’t necessarily trust the road they are taking.

The oil is there and lots of it, just don’t like the leaky news before us PIs get updated