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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.

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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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2 Oct 2018 11:29

Block Energy Appoints Christopher Brown As Non-Executive Director

LONDON (Alliance News) - Block Energy PLC said Tuesday it appointed Chris Brown as non-executive director of the company with immediate effect.Brown is currently a director at Montblanc Oil

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24 Sep 2018 12:12

Block Energy Signs Deal For Equipment To Start Georgian Work Programme

LONDON (Alliance News) - Block Energy PLC on Monday said it can get started on drilling work in Georgia after signing contracts for equipment.Block has agreed contracts with Georgian JSC Co

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10 Sep 2018 12:58

Block Energy Agrees To Hire Drilling And Workover Rigs From JSC Norio

LONDON (Alliance News) - Oil & gas company Block Energy PLC on Monday said it has signed a memorandum of understanding with JSC Norio Oil Co for the hire of two rigs.The non-binding see

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28 Aug 2018 12:40

Georgian Government Approves Block Energy Production Sharing Deal

LONDON (Alliance News) - Exploration and production firm Block Energy PLC said on Tuesday the Georgian government has accepted the terms of its West Rustavi production sharing Energy has a 25% in

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28 Aug 2018 11:17

Georgian government accepts Block Energy's terms for West Rustavi

(Sharecast News) - Exploration and production company Block Energy announced on Tuesday that the production sharing contract (PSC) terms for its West Rustavi licence have been accepted by the government of the Republic of Georgia.

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23 Aug 2018 12:29

Block Energy On Track For First Phase Of Production Scale Up Programme

LONDON (Alliance News) - Block Energy PLC said Thursday it is on track to start the first phase of its production scale up programme in the "near term".The Georgia-focused & a

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23 Aug 2018 09:04

Block Energy makes solid progress following June IPO

(Sharecast News) - Georgia-focussed exploration and production company Block Energy announced an operations update from its Norio licence, where it has a 100% working interest; Satskhenisi licence, where it has a 90% working interest; and the West Rustavi permit, where it has a 25% working interest, on Thursday.

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18 Jun 2018 17:48

Miton Group Raises Stake In Block Energy To 9.2% After Transaction (ALLISS)

LONDON (Alliance News) - Block Energy PLC said Monday investment management company Miton Group PLC had increased its stake in the oil & gas exploration company to 9.2% after a transaction on

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12 Jun 2018 18:13

Amati AIM VCT Increases Stake In Block Energy To 15% (ALLISS)

LONDON (Alliance News) - Block Energy PLC said Tuesday that Amati AIM VCT PLC had increased its stake in the oil & gas company to 15% after a transaction on Monday.Amati raised its to

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