Beacon Energy’s Stock Tumbles Despite Discovery of “Excellent” Wells

Beacon Energy shares plummet despite ‘excellent’ well findings Introduction Beacon Energy PLC, a Germany-focused upstream oil and gas company, announced on Monday that it had discovered oil-bearing reservoirs in its Schwarzbach-2(2.) well. These findings indicate the potential for high rates of production, with an initial estimate of over 900 barrels of oil per day. Despite […]