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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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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END

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(END) Dow Jones Newswires

August 07, 2023 02:00 ET (06:00 GMT)

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