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TRADING UPDATES: Goldstone Resources hails results; PCF moves deadline
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Block Energy P. Information
Share Price Information for Block Energy P. (BLOE)
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Share Price:
1.225
Bid:
1.15
Ask:
1.30
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0.15 (13.043%)
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Don't have an account? Click here to register.Block Energy CEO confident on hitting break-even production rates
Thu, 20th Dec 2018 10:44
(Sharecast News) - Georgian-focused oil and gas company Block Energy was confident it would be able to reach breakeven production rates at all of its three licenses in the near-term, allowing it to transform itself into a "highly profitable oil and gas company". Chief executive Paul Haywood told shareholders at the group's annual general meeting on Thursday that considerable investments made across its licences by previous operators - in particular, the drilling of multiple wells and the acquisition of seismic data - had allowed it to begin its work programmes with minimal outlay. "Since our IPO in June we have secured rigs and equipment at more attractive rates than originally anticipated, identified an innovative perforation drilling technology with the potential to significantly increase flow rates and assembled experienced teams in Georgia and London," Haywood added.The CEO assured investors that work at its Norio, Satskhenisi and West Rusavi fields had got off to an "excellent start"."With operations now well underway we believe the weeks and months ahead will prove our confidence in our strategy is well founded.""I am disappointed the market has not yet responded to the progress we have made, but as operations at Norio and West Rustavi progress investors will have opportunities to recognise our inherent value, strong balance sheet and re-rating potential."As of 1040 GMT, Block shares had climbed 5.56% to 2.85p.
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13 Sep 2022 17:55
IN BRIEF: Block Energy Chief Financial Officer McAvock to resign
Block Energy PLC - London-based oil and gas company focused in Georgia - Chief Financial Officer William McAvock will resign with effect on September 30, as part of the company's aim to make the position redundant in order to improve efficiency.
Read more5 Sep 2022 11:07
AIM WINNERS & LOSERS: Avacta gets approval; Jubilee's Roan at capacity
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.
Read more5 Sep 2022 10:46
Block Energy shares up as starts drilling at Georgian JSR-01DEEP well
(Alliance News) - Block Energy PLC on Monday said it started drilling at JSR-01DEEP in Georgia, about 26 miles to the east of the nation's capital Tbilisi.
Read more1 Aug 2022 21:18
Block Energy notes CPR supports future West Rustavi field activity
Block Energy PLC - London-based oil and gas company focused in Georgia - Results from Competent Person's Report covering the Krtsanisi Anticline of the West Rustavi and Krtsanisi oil field, are in support of Block's sub-surface studies, and provides the basis to seek development financing for the next five wells of project I, the development of the Middle Eocene oil reservoir.
Read more27 Jul 2022 16:11
UK shareholder meetings calendar - next 7 days
| Thursday 28 July | |
| B&M European Value Retail SA | AGM |
| Braemar Shipping Services PLC | AGM |
| CMC Markets PLC | AGM |
| CMC Markets PLC | GM re proposed related party transaction |
| CYBA PLC | AGM |
| De La Rue PLC | AGM |
| discoverIE Group PLC | AGM |
| Eight Capital Partners PLC | AGM |
| Eurasia Mining PLC | AGM |
| GB Group PLC | AGM |
| Global Smaller Companies Trust PLC | AGM |
| Graft Polymer (UK) PLC | AGM |
| Ingenta PLC | AGM |
| Mediclinic International PLC | AGM |
| Octopus Renewables Infrastructure Trust PLC | GM re investing in offshore wind farms in core focus |
| Oxford Instruments PLC | AGM |
| RentGuarantor Holdings PLC | AGM |
| Tate & Lyle PLC | AGM |
| Ted Baker PLC | AGM |
| Friday 29 July | |
| Eneraqua Technologies PLC | AGM |
| Global Ports Holding PLC | GM re elections of Ajini and Iosifakis as directors |
| Palace Capital PLC | AGM |
| ProCook Group PLC | AGM |
| Record PLC | AGM |
| Rogue Baron PLC | AGM |
| Sirius Real Estate Ltd | AGM |
| Standard Chartered PLC | GM re approving HY announcement, interim dividend |
| Monday 1 August | |
| Cranswick PLC | AGM |
| Tuesday 2 August | |
| Caffyns PLC | AGM |
| Syncona Ltd | AGM |
| Tanfield Group PLC | AGM |
| Wednesday 3 August | |
| Block Energy PLC | AGM |
| Molten Ventures PLC | AGM |
| Cambium Global Timberland Ltd | GM re wind-up |
| John Wood Group PLC | GM re Built Environment sale |
| Sequoia Economic Infrastructure Income Fund Ltd | AGM |
| Edenville Energy PLC | AGM |
| RiverFort Global Opportunities PLC | AGM |
| Conduity Capital PLC | AGM |
| Scirocco Energy PLC | AGM |
| D4t4 Solutions PLC | AGM |
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26 Jul 2022 15:17
TRADING UPDATES: Lords, Personal revenue up; Block Energy drills well
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Read more12 Jul 2022 11:36
Block Energy secures licensing rights of Block XI until 2043
(Alliance News) - Block Energy PLC on Tuesday said it has received confirmation from Georgia's State Agency of Oil & Gas that it has completed the minimum work programme in the production sharing contract for Block XI.
Read more11 Jul 2022 15:52
IN BRIEF: Block Energy revenue falls despite higher production
Block Energy PLC - London-based oil and gas company focused in Georgia - Reports "strong and consistent" second quarter performance in 2022 with average production of 519 barrels of oil equivalent per day, up from 512 boepd in the previous quarter. Revenue, however, falls to USD2.2 million from USD2.4 million. Adds that the preparations for a five-well development plan are complete and ready for execution.
Read more1 Jul 2022 11:44
Block Energy loss narrows; targets production increase in year ahead
(Alliance News) - Block Energy PLC on Friday reported a narrowed loss as it plans to step up production.
Read more8 Apr 2022 21:57
TRADING UPDATES: Block Energy ups production; SEEEN wins new customers
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read more24 Feb 2022 21:57
TRADING UPDATES: Enwell shuts down operations; i3 ups oil production
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read more24 Jan 2022 11:26
AIM WINNERS & LOSERS: Touchstar rises on outlook; Advance Energy sinks
AIM WINNERS & LOSERS: Touchstar rises on outlook; Advance Energy sinks
Read more24 Jan 2022 10:35
Block Energy rises on success of JKT-01Z well testing in Georgia
Block Energy rises on success of JKT-01Z well testing in Georgia
Read more11 Jan 2022 11:26
Block Energy jumps following sharp fourth-quarter revenue rise
Block Energy jumps following sharp fourth-quarter revenue rise
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