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Just bought some more. I'm like orders not pleased by all these delays and problems, but really think that the opportunity to buy around the raise price will only last a few more days. We all know that the oil is there and the side track will get production increased. DYOR

Fully agree, smart money coming in. Looking at the chart we are getting into an interesting point where we might break out of a downtrend since the June 2023 peak just below 10p and head slowly back towards that area during the year. As we have seen over the last few sessions buyers are coming in and it will not take a lot to move the share price. It's already happening and we know that further contracts will follow and as per Angus we will be profitable from 2024. DYOR

To even go down the path of putting an agreement of this nature in place, EXT (and in turn the Exec Chairman) must think that the shares will do well to pay a premium to the current price and even to include a clause where there is an auto exercise at £0.015. Time will tell but does look very interesting DYOR

Impressive and if they are able to list eventually on NASDAQ the upside could be significant. All very exciting DYOR

DYOR but see below the 'conclusion' of a research note from today post RNS:

Conclusion: JOG holds 20% in the Greater Buchan Area assets in the UK North Sea.

Development of the main Buchan field is moving towards FID in 2024, and with expected

recovery of over 70mmbbl gross, represents the third largest oil development offshore UK.

The outlying J2 and Verbier discoveries, both future tieback candidates, then add a further

40mmboe gross. During 2023 JOG agreed farm out deals with NEO Energy and Serica

Energy, leaving JOG fully carried to Buchan first oil at its 20% interest (based on CAPEX

expectations at FID), largely eliminating funding risk for the company. JOG is also funded for

its share of ongoing FEED costs, and cash milestone payments under the farm out have left

the company with £10m cash at the end of 2023, and a further US$26.8m to come in 2024

(US$6.8m now received). Buchan FID is expected in H2 2024, with first oil in late 2026, at

which time we expect JOG to add 7mbbl/d of net production from Buchan. The existing and

upcoming cash provides JOG with significant optionality, and once Buchan passes FID we

could potentially see new asset acquisitions, creating a platform for growth from subsequent

Buchan volumes. Nearer term, we expect additional development detail, followed by FID in H2

2024. The shares are trading at a substantial discount to our 620p total risked NAV, but we

see news flow this year, plus the ever-decreasing time to Buchan first oil, as having the

potential to help close this valuation gap.

I think DELT has got all the credentials to be the best performer this year starting from such low mcap and the market is only just waking up in my opinion

Just added 275,000 shs, in my mind we are again at the lows seen in December 2020 and November last year which were followed by price increases. We are at £4.5m mcap but in the best position we have never been in terms of revenue and pipeline DYOR

Nothing much I can add here really, as we already knew the jetting operations were continuing and now they are completed we won’t know the results until the flowrates are published, in ‘several weeks’. A delay yes but at least things are moving along and by April the ESP should be installed and doing its job.

"As previously announced, based on standard oil-industry analysis the Company estimate that given the excellent reservoir properties and the light oil recovered, and in the absence of an invasion zone which restricts flowrate, the SCHB 2(2.) well could achieve production in the region of 900 bopd. The challenges currently being experienced do not alter our belief in the ultimate production potential from this well. At those flow rates, the Company would expect to deliver operating cash flows in the order of US$1.5 million per month (assuming $80/bbl Brent).

"We remain fully focused on establishing optimal production from the SCHB-2(2.) well as quickly as possible through the rod pump, undertaking well stimulation and ultimately the installation of the ESP.

FROM THE PREVIOUS RNS

SUMMARY

· As previously announced, 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 excellent porosities and no water-bearing sands in the Low Case 42m hydrocarbon column.

The first trade in red is a buy of mine at 0.1. Let's see but can only see us moving up from this level with first target around 0.135-0.14. DYOR

Sand jetting operations gone to plan which is a positive in my books, see full RNS:

12 February 2024

Beacon Energy plc

("Beacon Energy" or the "Company")

Erfelden Operational Update

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 an operational update on the Schwarzbach-2(2.) ("SCHB-2(2.)") well in the Erfelden field.

Further to the Company's announcement of 29 January 2024, the sand jetting operations with a coiled tubing unit has now been completed and the Company expects to recommence production in the coming days following reinstallation of the rod pump.

The impact of the sand jetting will only be known once production has been restored and a stabilised and sustained flowrate from the rod pump has been achieved, at which time the company will provide an update. Once the well has been fully cleaned up following the sand jetting operations, which is anticipated to take several weeks, it is expected that the rod pump will be replaced with an Electrical Submersible Pump ("ESP") to maximise production - this is currently scheduled to take place in April 2024.

Beacon Energy Chief Executive Officer, Larry Bottomley commented:

"We are pleased to have safely completed the sand jetting operations to stimulate the well and are now working to recommence production in the coming days with the rod pump."

"We remain fully focused on establishing optimal production from the SCHB-2(2.) well as quickly as possible following this well stimulation operation and ultimately the installation of the ESP."

"We look forward to the results of this operation and providing an update to shareholders in due course."

DaProphet the ‘champagne on ice’ quote, which still gives us shivers when someone mentions something similar before a party, will stay with us former ADV investors forever, but in fairness had nothing to do with Larry, but his ADV predecessor Leslie Peterkin. Let’s hope we can have a nice cup of tea and cake after Larry’s BCE update lol

The 13 Nov 2023 RNS is clear (see extract below) and therefore with the rod pump anything towards 250bopd would be a success for now, in April when the ESP is installed we can get higher rates, but not now.

· A rod pump is currently being installed. Commercial production is expected in the second half of November aided by the rod pump which has the capacity deliver up to a maximum rate of 250 barrels of oil per day ("bopd").

· It is expected that once the well is fully cleaned up and production has been sustained for a period, the rod pump will be replaced with an Electrical Submersible Pump ("ESP") which has higher capacity. As previously announced, based on the excellent reservoir properties and the light oil recovered from the SCHB-2(2.) well, standard oil-industry analysis indicates that an initial production rate in excess of 900bopd could be achieved with the installation of an ESP.

I think that flows towards the maximum rates managed by the rod pump of 250bopd would be a clear success, even 100-150 to start would be good. April could follow and see larger increases once the ESP is installed. The not great scenario would be if we are still at 40bopd but that should be unlikely. DYOR

Market makers just shaking off weak hands. As the question was raised, yes the buyer has also confirmed the transaction, see their (DCC) RNS earlier today.

Today 07:00

RNS Number : 2464C

DCC PLC

07 February 2024

7 February 2024

Interim Management Statement

DCC plc, the leading international sales, marketing and support services group, is issuing this Interim Management Statement for the third quarter ended 31 December 2023.

Operating profit guidance for year reiterated; Development activity continues

Group adjusted operating profit for the third quarter ended 31 December 2023 was modestly ahead of the prior year, a good performance given the volatile macro environment.

DCC Energy delivered good operating profit growth, driven by the performance of Energy Solutions, despite mild weather conditions in most regions during the third quarter of the financial year. Although operating profit declined in both DCC Healthcare and DCC Technology, the rate of decline improved relative to the first half of the year. In DCC Healthcare, DCC Health & Beauty Solutions saw improved market conditions, albeit remaining subdued relative to historic growth rates. As in the first half of the year, DCC Technology experienced difficult trading conditions in the consumer technology sector.

Outlook

DCC continues to expect that the year ending 31 March 2024 will be another year of operating profit growth in line with expectations, and continued development activity.

Development activity

DCC has had an active year from a development perspective and has now committed approximately £355 million to acquisitions since our prior year Final Results in May 2023. Since the Interim Results announcement in November 2023, DCC Energy has committed approximately £45 million to new acquisitions which will further strengthen the energy management services and renewables offering of the business, including:

· The agreement to acquire the Energy Management division of eEnergy Group plc ("EML"). EML provides energy management services including energy procurement, market analysis, risk management and net zero pathway consulting to industrial, commercial, and public sector customers in the UK. EML's technology and services empowers customers to identify and eliminate energy waste and reduce their carbon emissions. The transaction is conditional upon eEnergy Group plc shareholder approval and is expected to complete by the end of the financial year.

· Complementary bolt-on acquisitions in Austria, Ireland and a renewable fuels distributor in the UK.

In November 2023, DCC announced the agreement to acquire Progas, a leading distributor of LPG in Germany, subject to regulatory approval. The transaction is progressing as anticipated and is expected to complete by the end of the financial year.

Date for Final Results

DCC expects to announce its results for the year ending 31 March 2024 on Tuesday 14 May 2024.

Result of GM just released...shareholders approved The Resolution to dispose Energy Management Division and Initial Cash Consideration of £25mio expected in the comings DAYS. DYOR

Agreed very smart move indeed, think that DELT will do very well this year. DYOR

GM at 9.00am, guess some still waiting to see the deal ratified. Let's see, should be a good and exciting day and days to come. "... the Company confirms that a Notice of General Meeting, to be held at Fieldfisher's offices, 9th Floor, Riverbank House, 2 Swan Lane, London EC4R 3TT, United Kingdom on 7 February 2024 at 9.00 am, has been posted to shareholders and is available to view at the Company's website at www.eenergyplc.com/investors."

The RNS today confirms raise of further £157,221 and that net proceeds from the subscription will be used to advance new projects, which the company has under consideration and for working capital needs.

The part which I really like is the one below, cancelling the CLN issued only a few weeks ago. They clearly think that they have raised more than needed and are funded to advance the projects under consideration and smartly cancel the CLN which is usually a massive drag to the share price. Very smart move indeed. A lot of the institutional placing at 0.0045 has been churned already and from here I can see a re-rate as sellers will decrease and the risk of further raises or CLN conversions at depressed prices have gone. DYOR

'The Company has, of today, decided to cancel the £500,000 unsecured convertible loan note funding facility, that was announced on the 21st December 2023.'

Growing on level 2