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

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TRADING UPDATES: Goldstone Resources hails results; PCF moves deadline

Tue, 27th Sep 2022 22:07

(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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PCF Group PLC - London-based specialist bank - Grants another extension to the put-up-or-shut-up deadline for Castle Trust Capital PLC. Deadline extended to close of play on October 25. PCF has been in talks with Castle Trust about a possible all-share takeover.

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Kingswood Holdings Ltd - London-based wealth & investment management firm - Makes a first deferred consideration payment of GBP500,000 for its acquisition of Admiral Wealth Management Ltd. Uses a portion of the cash proceeds from the issue of convertible preference to make the payment.

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Tertiary Minerals PLC - Macclesfield, England-based mineral exploration and development company - Begins detailed soil sampling at Jacks copper project in Zambia. Expects to collect up to roughly 1,600 samples to be on a 200 meters times 40 meters grid.

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Advanced Oncotherapy PLC - London-based provider of proton therapy for cancer treatment - Says its Light accelerator fully operational and has generated a proton beam at 230 megaelectron volts. It is the first linear proton therapy system. Expects the first patient to be treated in the second half of 2023.

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Goldstone Resources Ltd - Jersey, UK-based gold development company with projects in West Africa - Receives "very encouraging" results from three diamond drill-holes at Akrokeri mine in Ghana. Says the results confirm the continuity of the mineralised zone at vertical depths of between 36 metres and 65 metres. Says the mine yielded 75,000 ounces gold at an average grade of 24 grammes per tonne. "These initial results have confirmed the nature and overall geometry of a structurally controlled mineralised channel and allow planning of the continuing drill programme with a high degree of confidence," Chief Executive Emma Priestley comments.

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i3 Energy PLC - oil and gas producer in the UK and Canada - Reaches a production rate of 22,000 barrels of oil equivalent per day from 13 wells. Has drilled 20 gross wells as part of its expanded 2022 drilling programme. Expects the latter 7 wells to be fully cleaned up and on production in late October.

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Block Energy PLC - London-based oil and gas company focused in Georgia - Completes the deepening of the JSR-01 well "on time, on plan, and below budgeted cost." Says this represents the start of project II, one element of its three-project strategy.

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Cora Gold Ltd - West Africa-focused gold explorer - Expects the definitive feasibility study for its Sanankoro gold project in Mali to be completed in the third quarter of 2022. Says it is continuing to optimise "various aspects of the study."

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Europa Oil & Gas Holdings PLC - oil and gas exploration, development, and production in UK, Ireland and Morocco - Expects the drilling activities at Serenity to be completed 30 days from spudding. Says the SA02 appraisal well and contingent side-track will help to establish the extent of the reservoir and the amount of oil in place. Enters GBP1.0 million loan with Union Jack Oil PLC to provide it with additional liquidity.

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Yourgene Health PLC - Manchester-based molecular diagnostics - Non-executive Chair John Brown says the core business performing at pre-pandemic growth levels at the annual general meeting. Says the company will remain focused on a number of pipeline opportunities that will support growth in the second half.

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TransGlobe Energy Corp - Calgary, Canada-based oil explorer and producer - Says the government of Equatorial Guinea approved the Venus - Block P Plan of Development. "Today's update further supports the board's existing recommendation to combine with VAALCO to create a world-class African-focused E&P company with material reserves supporting sustainable shareholder returns and growth. Both the management and board continue to unanimously support the merger which is expected to deliver material benefits for TransGlobe shareholders," Chair David Cook comments.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
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

Read more
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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