BEACON ENERGY PLC

Regulatory Filings • Aug 7, 2023

National Storage Mechanism | Additional information

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 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 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

To register for Beacon Energy's email alerts, please complete the following form:  https://www.beaconenergyplc.com/media-centre/news/#alerts

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDBCGDIUGGDGXL