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Pin to quick picksBeacon Energy. Regulatory News (BCE)

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Schwarzbach-2(2.) Well Update

7 Aug 2023 07:00

RNS Number : 4295I
Beacon Energy PLC
07 August 2023

7 August 2023

Beacon Energy plc

("Beacon Energy" or the "Company")

Schwarzbach-2(2.) Well Update


Beacon Energy (AIM:BCE), the full-cycle oil and gas company with a portfolio of production, development, appraisal and exploration onshore German assets through its wholly-owned subsidiary, Rhein Petroleum GmbH ("Rhein Petroleum"), announces an update on the Schwarzbach-2(2.) drilling operations.

Drilling is currently underway in the deviated mechanical sidetrack. The well is on track to achieve the primary objectives of testing the reservoir targets and completing this well as a producer as part of the development of the Stockstadt Mitte segment of the Erfelden field.

The Company expects to reach TD in the coming days and will provide a further update on progress of the SCHB-2(2.) well as appropriate.



Beacon Energy plc

Larry Bottomley (CEO) / Stewart MacDonald (CFO)

+44 (0)20 7466 5000


Strand Hanson Limited (Financial and Nominated Adviser)

Rory Murphy / James Bellman

+44 (0)20 7409 3494


Buchanan (Public Relations)

Ben Romney / Barry Archer / George Pope


+44 (0)20 7466 5000


Tennyson Securities Limited (Joint Broker)

Peter Krens / Ed Haig-Thomas

+44 (0)20 7186 9030


Optiva Securities Limited (Joint Broker)

Christian Dennis

+44 (0)20 3411 1881

For further information, please visit and @BeaconEnergyPlc on Twitter

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The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018.

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Date   Source Headline
3rd Jun 20247:00 amRNSErfelden Operational Update
29th Apr 20247:00 amRNSNotification of Major Holdings
29th Apr 20247:00 amRNSErfelden Operational Update
16th Apr 20247:00 amRNSErfelden Operational Update
10th Apr 20249:42 amRNSNotification of Major Holdings
4th Apr 202412:36 pmRNSNotification of Major Holdings
2nd Apr 20247:00 amRNSBoard and Management Changes
6th Mar 202411:15 amRNSNotification of Major Holdings
5th Mar 20245:55 pmRNSNotification of Major Holdings
5th Mar 202412:43 pmRNSNotification of Major Holdings
5th Mar 20249:23 amRNSNotification of Major Holdings
29th Feb 20247:00 amRNSResult of Fundraise
28th Feb 20245:03 pmRNSPrimaryBid Offer
28th Feb 20244:56 pmRNSProposed Fundraise
29th Jan 20247:00 amRNSErfelden Operational Update
21st Dec 202311:04 amRNSResult of AGM
18th Dec 202310:16 amRNSNotification of Major Holdings
14th Dec 20237:00 amRNSErfelden Production Update
24th Nov 20237:00 amRNSNotice of AGM
13th Nov 20237:00 amRNSIncrease in Reserves Estimate & Operational Update
23rd Oct 20237:00 amRNSAward of Share Options, Director/PDMR Shareholding
29th Sep 20237:00 amRNSInterim Results
20th Sep 20238:15 amRNSNotification of Major Holdings
20th Sep 20238:00 amRNSNotification of Major Holdings
15th Sep 20237:00 amRNSResult of oversubscribed Fundraise to raise £4.3m
14th Sep 20235:15 pmRNSPrimaryBid Offer
14th Sep 20235:14 pmRNSProposed Fundraise
11th Sep 20237:00 amRNSSchwarzbach-2(2.) Well Update
18th Aug 20237:00 amRNSSchwarzbach-2(2.) Well Update
16th Aug 20235:49 pmRNSStatement Regarding Recent Price Movement
7th Aug 20237:00 amRNSSchwarzbach-2(2.) Well Update
31st Jul 20237:00 amRNSSchwarzbach-2 (SCHB-2) Well Update
17th Jul 20237:00 amRNSSchwarzbach-2 (SCHB-2) Well Update
6th Jul 20232:14 pmRNSDirector Dealing
4th Jul 202310:58 amRNSPDMR Dealing
29th Jun 20237:00 amRNSFinal Results and Publication of Annual Report
19th Jun 202312:09 pmRNSCommencement of drilling
13th Jun 20237:00 amRNSArrival of Drilling Rig & Site Visit
6th Jun 20237:00 amRNSSCHB-2 Rig Mobilisation
15th May 20237:00 amRNSPDMR Dealing
11th Apr 20238:00 amRNSReadmission - Beacon Energy Plc
11th Apr 20237:01 amRNSSchwarzbach-2 Development Well Rig Contracted
11th Apr 20237:00 amRNSCompletion of Acquisition and Re-admission to AIM
5th Apr 202310:26 amRNSResults of the EGM
24th Mar 20238:00 amRNSSchedule One - Beacon Energy plc
21st Mar 20237:00 amRNSUpdate re Proposed Reverse Takeover Transaction
7th Mar 20233:15 pmRNSPublication of Pathfinder Admission Document
3rd Mar 20231:34 pmRNSPrimaryBid Offer
9th Feb 20231:12 pmRNSHolding(s) in Company
13th Jan 20237:00 amRNSInterim Results

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