The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBlock Energy P. Share News (BLOE)

Share Price Information for Block Energy P. (BLOE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1.475
Bid: 1.35
Ask: 1.60
Change: 0.00 (0.00%)
Spread: 0.25 (18.519%)
Open: 1.475
High: 1.475
Low: 1.42
Prev. Close: 1.475
BLOE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Block Energy ups production; SEEEN wins new customers

Fri, 08th Apr 2022 21:57

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

----------

SEEEN PLC - London-based video editing platform - Wins further three customers. The first agreement is with US sports league A7FL Sports League and will see SEEEN drive all videos from the start of its new season on A7FL's website using CreatorSuite as well as give access to SEEEN's YouTube optimisation services. Second its with a unnamed UK financial markets publisher to drive videos to its website. Final agreement is with an unnamed US web publisher to join the company's multi-channel network.

----------

Block Energy PLC - London-based oil and gas company focused in Georgia - Reports a production of 46.1 million barrels of oil equivalent in the first quarter of 2022, up 33% from 34.6 million barrels of oil equivalent in the final quarter of 2021. Revenue in the quarter, however, drops 7.4% to USD2.4 million from USD2.6 million in the fourth quarter of 2021. Says production was impacted due to well WR-38Z being off-line.

----------

Mast Energy Developments PLC- London-based developer of reserve power generations plants - Says it is in the process of finalising a proposed acquisition of a 7 megawatt construction-ready synchronous gas reciprocating site. Decides to prioritise and fast-track the acquisition. Once complete, company expects production capacity of 25.4 megawatts. Also in process of finalising an equipment purchase agreement for synchronous gas reciprocating engines and associated equipment with 10.5 megawatt electricity generating capacity to fast-track electricity production at the site. Considering the re-purposing of Rochdale project and will investigate the feasibility to convert Rochdale into a battery-only site.

----------

United Oil & Gas PLC - Dublin-based oil and gas company with assets in Egypt, the UK, Italy and Jamaica - Receives approval from the Ministry of Ecological Transition in Italy for the transfer of ownership of United Oil & Gas Italia SRL to Prospex Energy PLC. The agreement was signed in August 9 for a total consideration of EUR2.2 million.

----------

AdEPT Technology Group PLC - London-based information technology provider - Reports "strong finish" to the year ended March 31 despite challenges arising from the pandemic, in particular supply chain disruption. Expects revenue and adjusted earnings before interest, tax, depreciation and amortisation to be broadly in line with current market forecasts. Adds over 100 new customers in the year. Looking forward, company expects supply chain issues to continue and "unavoidable" additional operating costs. Remains confident in long-term market opportunity.

----------

Belluscura PLC - London-based medical device developer - Wins distribution and pricing agreement code from the US Defense Logistics Agency through its distribution partner Lovell Government Services Inc. The US DLA procures items from manufacturers and suppliers and provides them to the Department of Defense and other federal and state customers. Chief Executive Robert Rauker says: "Receiving the DAPA code opens up a significant sales opportunity for the X-PLOR as it is now available through the DLA system which includes the military installations, military hospitals and other federal and state agencies serviced by the DLA."

----------

By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 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

Read more
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

Read more
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.

Read more
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

Read more
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.

Read more
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

Read more
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".

Read more
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.

Read more
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

Read more
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.

Read more
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

Read more
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

Read more
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

Read more
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

Read more
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

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.