Member Info for Sisyphus

Much prefer Monday RNS as it gives market time to analyze and digest. Bear in mind that there is no reason for Beacon to announce TD. They could keep their powder dry and give a single news release on outcome and flow rather than announce TD and follow 10-12 days later with flow results. However long it takes they WILL get a result from this well since they van easily sidetrack......a process which is either underway or complete. Impatient sellers may well regret a rash move at this junture.

This is the Texas of Ried," said Riedstadt Mayor Marcus Kretschmann (CDU) on Wednesday when the exploratory drilling was presented to the interested press. The statement is no coincidence: Rhein Petroleum has been producing oil there in the deep well "Schwarzbach 1" for around five years, has now started the new well in the immediate vicinity on the site under the name "Schwarzbach 2" and probably wants to too let "Schwarzbach 3" and "Schwarzbach 4" follow. "We can drill two more wells from this drilling rig," explains Peter Appel, Managing Director of Rhein Petroleum GmbH. This means that more pipes will be drilled - "in different directions, but with the same steps".

From the company own caveat ... The target is discovered resources in good fiscal regimes, and projects with major value inflection points within a short timeframe.

Time for this little gem to fly....

Price 0.9 buy 0.856 sell rt

Tightly held shares at this stage so could easily double on expected good result. Patience and time are the requisites here.

Last week's RNS was a responsible response to a minor drilling problem which has been resolved allowing drilling to continue. In line with that release I expect imminent news on TD being reached. Testing will then take 12 days. Target is known, hydrocarbon trace during initial phase of drill, TD imminent.

Exactly as you state. I would expect quite a few positions being taken in run up to CoB Friday.

As Concurrent Technology RNS'd yesterday resulting in the jump in its share price......

Global supply chain shortages continued to suppress revenues in H1 FY23; however, the current position is very different to January 2023 and, whilst supply chains have not returned to historical norms, they are much more favourable and continue to improve. In recent weeks, the Company has taken significant deliveries of previously supply-restricted components and is seeing improved forecasts from suppliers for both schedules and quantities

The only way is up......from here imo. Locked and loaded.

Just increased my holding nicely.

This is Vorsprung durch Technik not some wildcat drill in some 3rd world bush country. Everything is going to plan and this minor setback has been responsibly related to the market period.

The fact that increased hydrocarbon presence is being seen 100m above initial target is both anticipated and highly positive for this drill and imo offsets the minor delay. Any transitory dip in price should quickly reverse given the jump expected on success in the very near term. Managed with typical German precision.

They said 25 days so it was good policy to relate this minor problem to the market as it has caused a short delay. I doubt it would have been even mentioned otherwise. To put it into context, it was forecast to take AROUND 25 days to reach the prognosed TD drilling depth of 2255m (1709m True Vertical Depth. The team are now just 100m above that initial depth with increased HC contact. The delay should only be a few days at most as progress resumes. Better to keep investors informed than give the pessimists more fodder.

The oil is there

The rig and team are SOTA

The Rhein director has been hovering up shares above par

The tie-in pipework is literally adjacent to the drill

Germany is desperate for ANY hydrocarbon fuel.

Upside significant, downside covered.... period.

Quote: Drilling operations are expected to take in the region of 25 days to reach the prognosed TD drilling depth of 2255m (1709m True Vertical Depth), with an additional 12 days scheduled for testing.

Patience....

Good grief what impatience.......good things come to those who wait.....chill.

Using SOTA equipment and the Vorsprung Durch Technik mentality 25 days is today. The target is known, the results will be as expected. We may or may not get a preliminary RNS - in 12 days precisely we will get an appraisal, the contents of which will be the only pat-on-the-back job done event. Time to raise a stein or two.

I suspect it's very difficult to keep an information blackout in an onshore well such as this. The equipment being used and team competence are what you would expect in Germany as highlighted by the site visit team. I expect the price to start to reflect hands-on sentiment as TD approaches in either direction. Positions have been taken and the depressed price now could swiftly shift. An interesting play given the position and proximity of the well to proven drills and tie-in infrastructure. Worth a small exposure methinks.

Bouncing off 4 year lows with a p/e of 12 in a must have high tech industry. This global leader is a gem.