Beacon Energy PLC has provided an operational update on its activities in Erfelden. The company, through its subsidiary Rhein Petroleum GmbH, announced that the drilling rig for the SCHB2 sidetrack has been released by the previous operator and will soon commence mobilization to the Erfelden site. Sidetrack operations are expected to begin around 8 May 2024 and are estimated to take approximately 14 days. Following the demobilization of the rig, production is anticipated to resume during the last week of May 2024.

Larry Bottomley, CEO of Beacon Energy, expressed the company's focus on establishing the optimal production capacity of the SCHB-2 well. He mentioned that once a sustained flow rate is achieved, the company aims to swiftly optimize and update the Erfelden Field Development Plan, a Competent Persons Report, and debt funding workstreams required to accelerate further development drilling to realize the full potential of the Erfelden field. The company looks forward to providing an update to shareholders following the completion of the sidetrack operation and once a stabilized and sustained flow rate has been achieved.

For further information, interested parties can visit the company's website or follow @BeaconEnergyPlc on Twitter.