Beacon Energy through its wholly-owned subsidiary, Rhein Petroleum GmbH announced an update on the Schwarzbach-2(2.) drilling operations. Drilling is currently underway in the deviated mechanical sidetrack. The well is on track to achieve the primary objectives of testing the reservoir targets and completing this well as a producer as part of the development of the Stockstadt Mitte segment of the Erfelden field.

The Company expects to reach TD in the coming days and will provide a further update on progress of the SCHB-2(2.) well as appropriate.