Beacon Energy plc, a full-cycle oil and gas company with assets in Germany, has issued a statement regarding the recent movement in the price of its shares on AIM. The company is currently conducting operations on the SCHB-2(2.) well in the Erfelden field, targeting hydrocarbons in the undeveloped Stockstadt Mitte segment. The well has reached total drill depth, and the company is currently undertaking electric wireline logging. The results of this logging will determine the future cash generative potential of the Erfelden field and the company's growth prospects. Further updates will be provided in due course.

For more information, please visit www.beaconenergyplc.com.