Beacon Energy plc resumed trading following publication today of its annual audited accounts for its operations in the Erfelden field in Hessen, onshore Germany. POTENTIAL Comprehensive loss for 2023 totalled $3.7 million (May – December 2022: $1m) while cash and equivalents increased to $4.8m by year end. Continued cost reductions, due to be fully implemented […]
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Beacon to reinstall rod pump at SCH-2 well
Beacon Energy plc plans to reinstall a rod pump to allow a stabilised flow rate at the Schwarzbach-2 sidetrack oil well in the Erfelden field, Hessen onshore Germany. FLOW RATE The company said that the electrical submersible pump (ESP) had been running at the lower limit of its operating range, at approximately 50 bopd – meaning […]