Beacon Energy PLC Schwarzbach-2(2.) Well Update (4295I)
07 Agosto 2023 - 1:00AM
UK Regulatory
TIDMBCE
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.
END
Enquiries:
Beacon Energy plc
L arry 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
energy@buchanan.uk.com +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 www.beaconenergyplc.com and @BeaconEnergyPlc on Twitter
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https://www.beaconenergyplc.com/media-centre/news/#alerts
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the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
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(Withdrawal) Act 2018.
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END
UPDBCGDIUGGDGXL
(END) Dow Jones Newswires
August 07, 2023 02:00 ET (06:00 GMT)
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