Advance Energy (GB:BCE) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Beacon Energy has encountered setbacks with the SCHB-2 sidetrack well in the Erfelden field, as initial reservoir response has been poor with the installed electrical submersible pump failing to achieve a sustained flow rate. The well will be shut-in for a temporary period for data collection to inform potential remedial actions. The company remains optimistic about the site’s prospects, citing 7.2 million barrels of estimated recoverable reserves.
For further insights into GB:BCE stock, check out TipRanks’ Stock Analysis page.