Beacon Energy PLC - Isle of Man-based upstream oil and company with operations ranging from Europe, Africa to east Asia - Launches a retail offer via PrimaryBid, with the price to be determined at the close of the placing. The placing is subject to shareholder approval. Following completion, Beacon says it will use the funds raised to finance the drilling, completion, tie-back and bringing into production of the Schwarzbach-2 well.

Current stock price: suspended at 0.1799

Copyright 2023 Alliance News Ltd. All Rights Reserved.