Beacon Energy : Media Section

Optimising

Production

March 2024

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The acquisition of Rhein Petroleum GmbH (the "Transaction") may not proceed to completion and no reliance should be placed on completion of the Transaction. Certain information relating to Rhein Petroleum GmbH contained in this Presentation has been provided by Rhein Petroleum GmbH directly and has not been verified by any independent source for accuracy or completeness. Where this is the case, such statements are marked as having not been independently verified by footnotes. Additionally, certain information has been extracted from the competent person's report dated 6 December 2022 prepared by SGS Nederland B.V. which remains subject to amendment until publication. Liability for such statements and information is expressly disclaimed by the Company directors. verified by footnotes. Liability for such statements is expressly disclaimed by the Company directors.

| www.beaconenergyplc.com |	Beacon Energy | Corporate Presentation | 2

Executive Summary - building a self funding E&P

1. Cash generative production

Current production

and clear path to

payback from

discovered resources

2. Material development opportunities

Simple development opportunities from discovered resources funded from production

3. Potentially transformational exploration upside

To be tested during development drilling and funded from production

Diversified portfolio of onshore production, development, appraisal and exploration assets in Germany

Development

Drilling

Free Cash Production

Flow

Production (bopd) & Cumulative FCF (US $mln)*

BOPD

(US $mln)

Erfelden

Stockstadt Mitte

Lauben

Key stats

Market cap

~£10m

2P reserves**

7.2 mmbbls

2C resources*

22.9 mmbbls

CPR NPV10*

$14.5 - 18.8/bbl

*SGS CPR December 2022	** Internal BCE Assessment

Beacon Energy | Corporate Presentation | 3

Asset overview - focused, full cycle portfolio

Erfelden (100% Op)

• Existing production with near- term development
• Pre-drill2P: 3.8mmbbls*
• Development well (SCHB-2) drilled 3Q 2023
• Internal re-evaluationpost-well increased 2P to 7.2mmbbls**

Steig (100% Op)

• Discovered in 2019
• 2C: 1.6mmbbls (Meletta); 17mmbbls (PBS)*
• Awaiting approval of development plan
• Steig Deep exploration 16mmbbls (2U, 30% GCoS)

Graben (60% Op)

• Updip attic oil redevelopment opportunity
• 2C: 1.9mmbbls (70% CoD)*

*SGS CPR December 2022

	Hessen		Lauben (50% Non-op)
	Nördlicher		•	Existing production from
			single well
	Oberrhein	Federal
	Erfelden	/	Republic of	• Crude transported to Erfelden
	Germany
	Schwarzbach		for processing
	GRU		Weinheim (100% Op)
				•	Transformational exploration
	Dungau		•	150-180mmbbls (2U, 15-42%
			GCoS)*
	Hamm
	Baden-			2P Net Reserves of fields &
	Weschnitz	2C & 2U Net Risked Resources of prospects
	Württemberg		with proven oil*	Graben West
				Risked 2U*	Graben East
	Graben-	mmbbls	Risked 2C*
	Neudorf
State			2P*	Steig PBS
Feldslag
Licence	Steig			Steig Meletta
Field	Graben			Schwarzbach South
Discovery			Stockstadt Mitte
Prospect
Karlsruhe-Leopoldshafen		Lauben
	** Internal BCE Assessment		Beacon Energy | Corporate Presentation | 4

Near-Term Growth Catalysts - SCHB2(2.) well

Summary: Rhein Petroleum 100% Operator

• SCHB-1adiscovered Schwarzbach Main segment in 2015 on RP OR Nord 3D seismic and still in production through the wholly-owned Schwarzbach Production facility
• SCHB2(2.) targeted 2P pre-drill reserves in Stockstadt Mitte segment (S1) 3.8 mmbbls*
• Post-drillre-evaluation of reserves 4.72 - 7.24 - 10.20 mmbbls** due to thicker, better reservoirs

SCHB2(2.) Well

• Well drilled safely (LTI-free) and demonstrates a material commercial accumulation

PBS

	S2
Kuehkopf	SCHB2(2.)
1956 - '85

0.53mmbblsS1

1952 - 1994

*SGS CPR December 2022	** Internal BCE Assessment

Beacon Energy | Corporate Presentation | 5

SCHB2(2.) well - operational summary

Operational summary:

• Well TD of 2255m measured depth (1717m TVD)
• Well deviation up to 45o, TD offset ~1400m SSW of wellsite
• Hole stability challenges required high mud weight, cautious drilling operations, hence significant drilling delays
• MWD, LWD and WL data acquired demonstrating a transformational discovery & material commercial accumulation
• High mud weight resulted in significant invasion into the oil- bearing reservoir estimated at <3metres from the wellbore
• Oil, gas and drilling fluids produced to surface but additional clean-out required before material production
• Sand jetting to bypass invaded zone was unable to increase production which is still significantly below the capability of the reservoir quality encountered

Immediate production forward plan:

• Continue to produce from the Rod pump, then…
• Subsequent drilling of a fresh sidetrack away from the invaded zone for higher production rates in April 2024

PBS depth structure map

S2

S1 STKM-1

Well trajectory

Vertical section

1.7km

1.4km

SCHB2(2.)

well

| www.beaconenergyplc.com |	Beacon Energy | Corporate Presentation | 6

Erfelden Production & Development Next Steps

Accelerate and optimise cash flow

• Continue production through the rod pump
• Drill fresh sidetrack to achieve rates materially in excess of 250 bopd

Sidetrack:

• MND rig 40 contracted and scheduled to be on site in April 2024
• All long lead items acquired and all oil field services contracted
• c.100m length sidetrack designed to kick-off beyond likely invaded zone in the original wellbore
• Implement SCHB-2(2.) learnings - clean brine low mud weight system with no solids and installation of a slotted, un- cemented production liner
• Approximately 14-day operation to plug back, drill sidetrack, deploy liner and the pump
• Estimated cost at €2.05 million

Invasion Profile

2m 4m 6m 8m

| www.beaconenergyplc.com |	Beacon Energy | Corporate Presentation | 7

Cash Position, Use of Proceeds and illustrative cash flow

Sources

Unrestricted cash (16 Feb 2024)	€1.2m
New equity proceeds	€3.0m
TOTAL	€4.2m

• Payment plan agreed with legacy SCHB2 well contractors
• • €1.1m to be funded prior to end of sidetrack
  • Balance (€1.4m net of VAT) to paid out May - August and funded from production post side-track
• Rig, all long-lead items and the relevant oil field service contractors secured for side track
• • LLIs €137k
  • Operational services and materials €1,666k
  • Contingency €242k

Uses

Sidetrack	€2.1m
SCHB2 payables (pre-side track)	€1.1m
Opex, G&A and general working capital	€1.0m
TOTAL	€4.2m

Indicative monthly cash flows at different flow rates ($80/bbl Brent)

EURO '000	150 bopd	300 bopd	600 bopd	900 bopd
Revenue	360	670	1,280	1,900
G&A	75	75	75	75
Opex	245	300	400	515
Op CF	40	295	805	1,310

At 600 bopd flow rate, operating cash flows of

~€800,000 per month in 2024

| www.beaconenergyplc.com |	Beacon Energy | Corporate Presentation | 8

Summary - creating a solid growth platform

• Transformative discovery made in the SCHB-2(2.) well
• Material SCHB-2 well production expected from Q2, 2024 from the sidetrack
• Post sidetrack, focus on
• • Updating subsurface description and reserves
  • Accelerating field development plan
  • Tender for drilling and LLIs
• Platform has the potential to deliver up to ~4,000 bopd** in the coming years from 2P net reserves of 7.2 mmbbl** and 2C/2U net risked resources of 13.48 mmbbl* in drilled prospects with proven oil
• Establishes footprint in a country with an attractive fiscal regime and compelling growth dynamics
• Provides Beacon Energy with existing and near-term production growth, proven Reserves and Resources and robust cash flow = a solid growth platform

mmbbls

BOPD

2P Net Reserves of fields &

2C & 2U Net Risked Resources of prospects

with proven oil*	Graben West
Risked 2U*	Graben East
Risked 2C*
2P*	Steig PBS
	Steig Meletta
Schwarzbach South
Stockstadt Mitte
Lauben
	Indicative gross production
2U	profile of discovered
resources**
2C
2P

Stockstadt Mitte*

*SGS CPR December 2022	** Internal BCE Assessment

Beacon Energy | Corporate Presentation | 9

Advisers & Contact Details

Beacon Energy plc

55 Athol Street

Douglas

Isle of M an

IM1 1LA

1. [phone]

1. [e-mail] W info@ beaconenergyplc.com

W e b s i t e www. be ac one ne rg yplc . c om

Nominated Adviser

Strand Hanson

Brokers

Tennyson Securities

Auditors

Lubbock Fine

Registrars

Computershare Investor Services

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