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OK, let's hypothesise that the company does have a change of strategy and decides to raise cash in the market, to expedite production, so here's the thing, nobody can hold a gun to BCE's head regarding funding, other options exist,
* stick to plan A self funded.
*Reserves bases lending RBL
* Raise in market at perhaps 10% discount (don't see need for anymore discount)
Personally I don't have a problem with borrowing or raising a funds for field development, if BCE are at the point where the licenses have been approved for drilling on top of what investors are already aware of, but there's no need for a heavily discounted placing, and those alluding to such, should hang their heads in shame.
The goal at Beacon is to create a self-funding, cash generating company that can reinvest into business, growing production and reserves,” Bottomley said.
Growth
Beacon plans to take its first steps for growth by funding the drilling, and perhaps testing, of the Schwarzbach-2 well. Should this be successful, it will install flow lines and hook up the well to its production facilities.
The CEO said this would happen as “soon as it can be done”. Beacon has said it hopes to bring the well into production this year.
It may drill the SCHB-3 well in 2024, funded by the first well, with a water injection well later that year.
https://www.energyvoice.com/oilandgas/europe/exploration-production-europe/493735/time-to-light-beacon-energy/
I've critiqued perhaps a few salient points mentioned in the article worth considering.
Don't bother with the UK stock market much these days since the UK plc stole my EVRAZ holding, however, I have bought BCE this morning, anyone panicking, just chill, if 900 boepd comes in onshore, it can't and won't stay at this level. AiM is bent, remember that, and games will be played.
Https://www.yicaiglobal.com/news/chinas-longruan-soars-on-mining-tech-supply-deal-with-russias-largest-coking-coal-producer-raspadskaya
Looks as though investment in Raspadskaya, evraz coal subsidiary is continuing unabated, surely a good sign.
Or 2
https://twitter.com/East_Imperial/status/1687370420742225920?t=Je3Qf6YC-mWpMIg_c3ZMtA&s=19
£5m, approximately 25% of mcap. There's a thought.
Of course, today's RNs has probably freed the BOD hands to buy, expecting director dealings over next few sessions dyor
Can sell for more than buy price atm. Hmm.
IoG clearly not able to keep a lid on Inside information, that's the most disappointing part for me.
Agreed amz, just discussing markets with another investor, atm its a buy and hold market imho, where outstanding value is offered i invest for longer term, forget trading atm it'll cost you money.
6.7p for a million on IG on a dummy trade bonzob, wouldn't leave it to long imho, bought more myself this morning, as I'm sure others have too.
Analysis of combined pressure and temperature data infers that a potential cause for the restriction may be a partially activated downhole valve
· H2 is intended to be flowed at initial rates until specialist downhole equipment arrives on the rig within the next two weeks to assess and, if necessary, manually actuate this valve
Above. Is the takeaway paragraphs imho. 2 weeks!!
100% openheimer, some morally bankrupt types fed this BB disinformation, on the back of the last RNS.
Just wrong.
Order in to double holding 4p limit
Just for the record, I knownuffin is a fŭckíng assĥöle.
Mechanical blockage gets removed and miraculously 40 mcf flow rate is achieved, of course post PI's gifting stock to city spivs. I'm holding.
Boss of Phillip Morris calling for ban of traditional cigarettes, wonder where those custo.ers end up.
https://www.thisismoney.co.uk/money/markets/article-12161755/Marlboro-Man-boss-calls-smoking-ban-amid-switch-vaping.html?ico=mol_mobile_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.232495899.547769699.1685709532-223286093.1672188983&_gl=1*tk6kq*_ga*MjIzMjg2MDkzLjE2NzIxODg5ODM.*_ga_XE0XLFFF16*MTY4NjAyOTE4NS4xMDUuMS4xNjg2MDI5NTgyLjAuMC4w
Spar shops would be a good fit for chll to sell their vape products here in UK, I think Spar UK (Appleby westward) had recently been aquired by spar South Africa, 950 stores over there, (more expansion) small convieniece stores are big movers of tabacoo and vapes here in UK.
U turn in RussiaToday 22:22
Https://m.youtube.com/watch?v=IPpirLKUFmE
This guy is usually on the money.