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Share Price Information for Block Energy P. (BLOE)

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Share Price: 1.275
Bid: 1.20
Ask: 1.35
Change: 0.05 (4.08%)
Spread: 0.15 (12.50%)
Open: 1.225
High: 1.275
Low: 1.225
Prev. Close: 1.225
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AIM WINNERS & LOSERS: Avacta gets approval; Jubilee's Roan at capacity

Mon, 05th Sep 2022 11:07

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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Avacta Group PLC, up 2.6% at 120.02 pence, 12-month range 38.00p-146.00p. Wins approval for AVA6000, a treatment of soft tissue sarcoma. The Cambridge, England-based drug developer and diagnostics company said the US Food & Drug Administration has granted orphan drug designation to the company's drug candidate. AVA6000 is a form of the chemotherapy drug doxorubicin, which slows or stops the growth of cancer cells by blocking an enzyme called topo isomerase 2.

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Block Energy PLC, up 19% at 1.82 pence, 12-month range 0.80p-3.10p. Starts drilling at JSR-01Deep in Georgia, about 26 miles to the east of the nation's capital Tbilisi. This marks the start of project II, its three-project strategy, the London-based oil and gas company adds. "This is the first of a series of wells in a wide range of project II opportunities designed to evaluate large, undrained areas of the deeper zones of the Middle Eocene reservoir and test contingent resources of over 200 million barrels of oil, defined by Block's technical team," it says.

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AIM - LOSERS

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Jubilee Metals Group PLC, down 3.1% at 12.70p, 12-month range 11.50p-18.50p. Its newly constructed Zambian copper concentrator Project Roan reaches nameplate capacity following the successful commissioning and ramp-up of its operations. The Berkshire, England-based metal processing company says Project Roan is a "core" component to its Zambian southern copper refining strategy, which aims to produce 12,000 tonnes of copper per year through the sable refinery. The project broke ground in June 2021 and the "ramp-up" of its operations began during June this year. Jubilee said that the commissioning and ramp-up at the Project Roan has been successful, with the project now processing 110 tonnes of ore per hour.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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5 Oct 2018 09:20

Block Energy Signs Preliminary Gas Offtake Agreement In Georgia

LONDON (Alliance News) - Georgia-focused Block Energy PLC said Friday it has signed a memorandum of understanding for a gas offtake agreement in the country.The memorandum, signed with gas

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2 Oct 2018 11:29

Block Energy Appoints Christopher Brown As Non-Executive Director

LONDON (Alliance News) - Block Energy PLC said Tuesday it appointed Chris Brown as non-executive director of the company with immediate effect.Brown is currently a director at Montblanc Oil

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24 Sep 2018 12:12

Block Energy Signs Deal For Equipment To Start Georgian Work Programme

LONDON (Alliance News) - Block Energy PLC on Monday said it can get started on drilling work in Georgia after signing contracts for equipment.Block has agreed contracts with Georgian JSC Co

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10 Sep 2018 12:58

Block Energy Agrees To Hire Drilling And Workover Rigs From JSC Norio

LONDON (Alliance News) - Oil & gas company Block Energy PLC on Monday said it has signed a memorandum of understanding with JSC Norio Oil Co for the hire of two rigs.The non-binding see

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28 Aug 2018 12:40

Georgian Government Approves Block Energy Production Sharing Deal

LONDON (Alliance News) - Exploration and production firm Block Energy PLC said on Tuesday the Georgian government has accepted the terms of its West Rustavi production sharing Energy has a 25% in

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28 Aug 2018 11:17

Georgian government accepts Block Energy's terms for West Rustavi

(Sharecast News) - Exploration and production company Block Energy announced on Tuesday that the production sharing contract (PSC) terms for its West Rustavi licence have been accepted by the government of the Republic of Georgia.

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23 Aug 2018 12:29

Block Energy On Track For First Phase Of Production Scale Up Programme

LONDON (Alliance News) - Block Energy PLC said Thursday it is on track to start the first phase of its production scale up programme in the "near term".The Georgia-focused & a

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23 Aug 2018 09:04

Block Energy makes solid progress following June IPO

(Sharecast News) - Georgia-focussed exploration and production company Block Energy announced an operations update from its Norio licence, where it has a 100% working interest; Satskhenisi licence, where it has a 90% working interest; and the West Rustavi permit, where it has a 25% working interest, on Thursday.

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18 Jun 2018 17:48

Miton Group Raises Stake In Block Energy To 9.2% After Transaction (ALLISS)

LONDON (Alliance News) - Block Energy PLC said Monday investment management company Miton Group PLC had increased its stake in the oil & gas exploration company to 9.2% after a transaction on

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12 Jun 2018 18:13

Amati AIM VCT Increases Stake In Block Energy To 15% (ALLISS)

LONDON (Alliance News) - Block Energy PLC said Tuesday that Amati AIM VCT PLC had increased its stake in the oil & gas company to 15% after a transaction on Monday.Amati raised its to

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