Beacon Energy plc, a full-cycle oil and gas company with onshore German assets, has provided a production update on the Erfelden field. The company has installed a rod pump on the SCHB-2(2.) well, which is now producing at a rate of approximately 40 barrels of oil per day (bopd). The low production rate is due to drilling fluids invading the reservoir near the wellbore, which is restricting flow rates. However, even at these low flow rates, production is commercial and field revenues exceed operating costs. The company plans to undertake industry-standard well stimulation in January 2024 to improve production. The estimated cost of the operation is less than €500,000. To date, over 1,600 barrels of oil have been produced through the Schwarzbach facility since the installation of the rod pump. The company has increased its Best Estimate of recoverable reserves on the Erfelden field from 3.8 million barrels to 7.2 million barrels as a result of the SCHB-2(2.) well. The company estimates that the well could achieve production in the region of 900 bopd, which would result in operating cash flows of approximately US$1.5 million per month. The company expects to provide further updates on the clean-up operations, well stimulation, and installation of the ESP as appropriate.