By Elena Vardon Beacon Energy said its Schwarzbach-2(2.) onshore well in Germany could lift production and revenue substantially after an initial analysis.
Continued worries about the health of the Chinese economy, interest rate fears in the US and less-than-stellar UK retail sales weighed on the FTSE 100 on Friday, which is now in its longest losing.
Beacon Energy PLC on Friday announced its subsidiary found good quality oil-bearing reservoirs in the Meletta-Schichten sandstone and the Pechelbronner-Schichten sandstones on the Schwarzbach-2 well.
The following stocks are the leading risers and fallers on AIM in London on Friday.
AIM - WINNERS
Beacon Energy PLC, up 35% at 0.14 pence, 12-month range 0.06p-0.16p. The.