The Company was originally incorporated in September 2006 and announced its launch as Beacon Energy in November 2022.
Beacon Energy is led by an accomplished team with over 180 years of experience in the oil and gas sector.
The Company is leveraging the expertise and strong industry network of its Board to acquire compelling opportunities, as demonstrated by the acquisition of Rhein Petroleum, aiming to organically grow a self-funding business through the development of the portfolio and to capitalise on new business development from the current deal pipeline.
The Board is focused on capital discipline to ensure sufficient liquidity to deliver the Erfelden development plan and to continue to grow the Company through value-accretive acquisitions.
Beacon Energy is developing the Erfelden field to create a self-funding business to underpin organic growth through maturing the portfolio while continuing to target the acquisition of discovered resources with an emphasis on cash-generative production.
The Company is focussed on the portfolio of currently producing fields, further development of the Erfelden field, appraisal and development of the Steig and Graben discoveries and to de-risk those parts of the exploration prospect inventory which have the potential for delivering transformational growth.
The Company is capitalising on the current deal pipeline developed over the last year and are targeting production and near-term cash flow with upside potential.
The Company continues to target high margin assets with attractive fiscal terms and is actively engaged in screening potential acquisitions with these characteristics.
Beacon Energy is set to establish a secure a cash-generative production base as a platform for growth.
The development of the Erfelden field has the potential to deliver material free cash flow which will be re-invested into the existing portfolio of discoveries and exploration prospects to continue to organically grow the Company.
The Company has been calling on an extensive industry network and the significant investment made in developing a pipeline of acquisition targets.
Securing cash-generative production allows for a self-financing and debt financing platform to acquire additional assets
The resulting entity from an acquisition will be well positioned to benefit from opportunities resulting from energy transition.
Beacon Energy has no need to be geographically constrained, screening projects purely on value potential rather than specific play-type or basin.
The target is discovered resources in good fiscal regimes, and projects with major value inflection points within a short timeframe. Generally less than 3-5 years out with clear line of sight from the onset.
No high-risk exploration with long time lines to delivery of full value.