RE: Leaking the black stuff22 May 2024 14:12
Summary of BCE - creating a solid growth platform
Transformative discovery made in the SCHB-2(2.) well
Material SCHB-2 well production expected from Q2, 2024 from the sidetrack
Post sidetrack, focus on
Updating subsurface description and reserves
Accelerating field development plan
Tender for drilling and LLIs
Platform has the potential to deliver up to ~4,000 bopd** in the coming years from 2P net reserves of 7.2 mmbbl** and 2C/2U net risked resources of 13.48 mmbbl* in drilled prospects with proven oil
Establishes footprint in a country with an attractive fiscal regime and compelling growth dynamics
Provides Beacon Energy with existing and near-term production growth, proven Reserves and Resources and robust cash flow = a solid growth platform
BCE could have an amazing future. Yes we have to get over this first hurdle but then the gloves could really come off. Potential, Potential, Potential.
At this price the shares are ridiculously cheap and worth looking down the back of the sofa for any loose change.