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

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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:

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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.

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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.

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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.

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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.

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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.

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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."

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
17 Dec 2019 15:08

Block Energy reports positive progress from West Rustavi

(Sharecast News) - Georgia-focussed exploration and production company Block Energy announced on Tuesday that well WR-38Z at its flagship West Rustavi field is flowing naturally following clean-up operations, and was ready for production testing.

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17 Dec 2019 12:03

Block Energy Well WR-38Z Ready For Production Testing In West Rustavi

Block Energy Well WR-38Z Ready For Production Testing In West Rustavi

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31 Oct 2019 13:24

Block Energy Completes West Rustavi Well Drilling, Awaits Test Results

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30 Oct 2019 10:37

UK WINNERS & LOSERS SUMMARY: ConvaTec Gains After Solid Organic Growth

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30 Oct 2019 10:30

Block Energy Signs West Rustavi Gas Sales Agreement With Bago

Block Energy Signs West Rustavi Gas Sales Agreement With Bago

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24 Oct 2019 16:19

UK Shareholder Meetings Calendar - Next 7 Days

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21 Oct 2019 15:48

Block Energy Successfully Cements Well Casing At West Rustavi

Block Energy Successfully Cements Well Casing At West Rustavi

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1 Oct 2019 12:25

Block Energy Loss Widens As It Prepares For Upcoming Work Programme

Block Energy Loss Widens As It Prepares For Upcoming Work Programme

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25 Sep 2019 12:03

Block Energy Shares Slip Following Problems At Georgian Well

Block Energy Shares Slip Following Problems At Georgian Well

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17 Sep 2019 13:40

Block Energy Promotes Financial Manager McAvock As Finance Chief

(Alliance News) - Georgia-focused oil & gas company Block Energy PLC said Tuesday it has promoted Finance Manager William McAvock to chief financial officer.McAvock has been part of and

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29 Aug 2019 10:57

Block Energy Reports Mobilisation Of Drilling Rig To 38Z Well

(Alliance News) - Block Energy PLC on Thursday said a drilling rig was mobilised to the site of well 38Z at the West Rustavi field in Georgia, in preparation for planned horizontal sidetrack and a

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29 Aug 2019 08:47

Block Energy mobilises drilling rig for next well at West Rustavi

(Sharecast News) - Georgia-focussed exploration and production company Block Energy announced the mobilisation of a ZJ40 drilling rig to the site of well 38Z at its flagship West Rustavi field on Thursday, in preparation for planned horizontal sidetrack operations.

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8 Aug 2019 11:59

Block Energy Gets Rig Moving Ahead Of West Rustavi Sidetrack Drilling

LONDON (Alliance News) - Georgia-focused Block Energy PLC on Thursday said the rig to be used in drilling in the country has now been mobilised.The rig is to drill a sidetrack on well 38Z,

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26 Jul 2019 11:52

Block Energy Resumes Production At Flagship West Rustavi Well

(Alliance News) - Shares in Block Energy PLC fell sharply Friday as it resumed production at one of the wells at its flagship West Rustavi oil field in Georgia.Shares in Block Energy were a

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15 Jul 2019 15:31

Block Energy West Rustavi Working Interest Now 100%

(Alliance News) - Block Energy PLC said Monday its working interest in the West Rustavi licence, in Georgia, has increased to 100%.The increase, from 71.5% and originally from 25%, follows

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