Beacon Energy PLC - Germany-focused upstream oil & gas company - Begins drilling the Schwarzbach-2 development well at the Erfelden Field, onshore south west Germany. Drilling operations are expected to take around 25 days to reach total depth of 2,255 metres, with an additional 12 days scheduled for testing. Once completed, it is expected that the well will be tied-in to existing production facilities at the site and put into production.

Current stock price: 0.10 pence, up 5.3% in London on Monday afternoon

12-month change: down 23%

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