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EXECUTIVE CHANGES: Block Energy investor targets chair; Cobra taps CEO

Mon, 05th Jul 2021 15:35

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and not separately reported by Alliance News:

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Block Energy PLC - oil and gas production and development in Georgia - Receives letter from 5.0% shareholder Forest Nominees requisitioning a general meeting to vote on removing Chair Philip Dimmock from the board and replacing him as chair with Chuck Valceschini, a current non-executive director. In its letter, Forest doesn't provide a reason for the change. Block Energy says it will comply with its obligations to call the meeting and will make further announcements. Separately, Block says Chris Brown has resigned as an independent non-executive director but will serve his notice period to October 2.

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Cobra Resources PLC - Wudinna gold project in South Australia - Hires Rupert Verco as chief executive officer, starting Monday next week. Verco is a geologist who has been technical mining specialist at Xenco Mining Services in Australia since 2018. Prior to Xenco, Verco was mine manager for Tarcoola Gold and surface mining supervisor at the Challenger gold mine, both in South Australia.

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IG Design Group PLC - Milton Keynes, Bedfordshire-based consumer gift packaging - Hires Stewart Gilliland as non-executive chair designate and Clare Askem as non-executive director, both effective immediately. Gilliland will replace John Charlton at the annual general meeting in September. He currently is chair of cider maker C&C Group PLC and a non-executive director of supermarket chain Tesco PLC and of wine maker Chapel Down Group PLC. Askem was managing director of Habitat at J Sainsbury PLC. She currently is a non-executive director of Portmeirion Group PLC, Studio Retail Group PLC and Law Debenture Corp PLC.

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ULS Technology PLC - Thame, Oxfordshire-based online platforms for conveyancing and financial intermediary markets, including DigitalMove - Hires Simon McCulloch as chief commercial & growth officer and Ed Mardell as chief technology officer. ULS says McCulloch has over the past year led the global wealth & insurance digital channel at lender HSBC Holdings PLC, prior to which we worked at ComparetheMarket.com. Mardell has worked on property portals as CTO for publishers Daily Mail & General Trust PLC and Guardian Media Group.

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Rosslyn Data Technologies PLC - London-based cloud enterprise data analytics platform - Founder & Chief Information Officer Hugh Cox retires from the board immediately but will remain a company employee, focused on operations and supporting clients. In April, Roger Bullen departed as CEO, replaced by Paul Watts, who had been chief customer officer. Chief Financial Officer Ash Mehta will leave at the end of August.

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BB Healthcare Trust PLC - healthcare-focused investor - Hires Kate Bolsover as non-executive director, effective immediately. Bolsover is chair of Fidelity Asian Values PLC, senior independent director of Invesco Bond Income Plus Ltd, and non-executive director of TR Property Investment Trust PLC. She is a non-executive director of fund manager of Baillie Gifford & Co Ltd. As an executive, she was director of Corporate Communications at JP Morgan Cazenove.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
7 Mar 2019 11:09

Block Energy Moving Towards Breakeven Target At Georgian Wells

LONDON (Alliance News) - Block Energy PLC on Thursday said production from two of its Georgian wells has topped what the company expected.On Norio 44, Wednesday's production reached 21

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26 Feb 2019 14:32

Block Energy To Acquire Remaining 75% Stake In West Rustavi Licence

LONDON (Alliance News) - Block Energy PLC on Tuesday said it inked an agreement with Georgian Oil & Gas Ltd to take its stake in the West Rustavi Licence to 100%.Currently, Block Energy

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23 Jan 2019 16:00

Block Energy launches two-well sidetracking programme

(Sharecast News) - Block Energy rose on Wednesday after beginning sidetrack operations in the existing 16a wellbore at its West Rustavi field in the Republic of Georgia.

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23 Jan 2019 09:48

Block Energy Kicks Off Sidetrack Drilling Work At Georgian Well

LONDON (Alliance News) - Block Energy PLC on Wednesday started sidetrack drilling on the 16a well on Georgia's West Rustavi field, the company said.This is part of a two-well sidetrack

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14 Jan 2019 16:09

Block Energy aims for 900bopd after "excellent" production results at new well

(Sharecast News) - Georgia-focussed oil and gas company Block Energy lauded its "excellent" initial production results from well-44 on its Norio Field, on Monday.

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14 Jan 2019 14:22

Block Energy Rises On Positive Results From Work At Norio Well

LONDON (Alliance News) - Block Energy PLC on Monday reported "excellent" results from its Norio 44 well as the company recovered 45 barrels of oil during a five-hour period.The as

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20 Dec 2018 10:44

Block Energy CEO confident on hitting break-even production rates

(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".

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14 Dec 2018 12:31

Block Energy makes decent recovery at West Rustavi

(Sharecast News) - Georgia-focussed exploration and production company Block Energy announced on Friday that more than 200 barrels of oil had been recovered from the legacy vertical well 16a at its West Rustavi permit during a 10 hour flow period.

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11 Dec 2018 12:20

Block Energy Signs Deal For Downhole Perforation Tech Provision

LONDON (Alliance News) - Block Energy PLC said Tuesday that it inked a service deal for the provision of an advanced downhole perforation technology.The agreement gives the company access a

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5 Dec 2018 09:55

Block Energy working on 25-fold production increase at Norio

(Sharecast News) - Georgia-focussed exploration and production company Block Energy updated the market on its initial work programme on Wednesday, with the focus on achieving a 25-fold increase in production at its Norio oil field to 250 barrels of oil per day (bopd) by the first half of 2019.

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5 Dec 2018 09:50

Block Energy Successfully Re-Enters 3 Wells At Norio Field In Georgia

LONDON (Alliance News) - Block Energy PLC said Wednesday it successfully re-entered three wells on the Norio field in Georgia and is rigging up at a fourth.Shares in the Georgia-focused and

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22 Nov 2018 17:49

BlocK Energy Posts Widened Annual Loss In First Results Since IPO

LONDON (Alliance News) - Oil company Block Energy PLC on Thursday reported its maiden preliminary results following its AIM initial public offering in June, recording a significantly wider in up a

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20 Nov 2018 12:01

Mayan Energy Nets GBP200,000 From Stake Sale In Block Energy (ALLISS)

LONDON (Alliance News) - Oil and gas company Mayan Energy Ltd said Tuesday it has sold its 3.29% interest in Georgia-focused explorer Block Energy PLC, netting GBP203,213.Proceeds from the

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15 Oct 2018 17:50

UPDATE: Block Energy Begins Workover At Norio Oil Field In Georgia

LONDON (Alliance News) - Block Energy PLC on Monday said it started a fully funded workover programme at its Norio oil field in Georgia, eastern Europe, to scale up production rapidly by the end a

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15 Oct 2018 11:08

Block Energy Begins Workover Campaign At Norio Oil Field In Georgia

LONDON (Alliance News) - Block Energy PLC on Monday said it started a fully funded workover programme at its Norio oil field in Georgia to scale up production rapidly by the end of 2018.The

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