Crude Oil (WTI)

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04:13am	Oil prices fall 1% on Israel-Hamas ceasefire talks, U.S. inflation concerns	RE
03:28am	Australian shares rise on banks, IT boost; Fed policy meet on tap	RE

Beacon Energy reports work at Erfelden field

August 16, 2023 at 05:24 pm EDT

Beacon Energy PLC - Germany-focused upstream oil & gas company – Notes sharp share price on Wednesday and reports that is undertaking operations on the Schwarzbach-2(2.) well. Beacon is targeting hydrocarbons in undeveloped Stockstadt Mitte segment of Erfelden field. Beacon adds: "The company is currently undertaking electric wireline logging in the well. Until the electric wireline logging programme has been completed and the results analysed, the implications for the future cash generative potential of the Erfelden field and the company's aspiration to build a self-funding platform for growth will not be known."

Current stock price: 0.11 pence, up 25% on Wednesday

12-month change: up 21%

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BRENT CRUDE OIL SPOT	87.38 USD	-0.15%	+0.55%	-
WTI	82.88 USD	-0.18%	+1.22%	-
BEACON ENERGY PLC	0.0575 GBX	+9.52%	+10.58%	13.14M

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