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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
13 Sep 2022 17:55

IN BRIEF: Block Energy Chief Financial Officer McAvock to resign

Block Energy PLC - London-based oil and gas company focused in Georgia - Chief Financial Officer William McAvock will resign with effect on September 30, as part of the company's aim to make the position redundant in order to improve efficiency.

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5 Sep 2022 11:07

AIM WINNERS & LOSERS: Avacta gets approval; Jubilee's Roan at capacity

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

Read more
5 Sep 2022 10:46

Block Energy shares up as starts drilling at Georgian JSR-01DEEP well

(Alliance News) - Block Energy PLC on Monday said it started drilling at JSR-01DEEP in Georgia, about 26 miles to the east of the nation's capital Tbilisi.

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1 Aug 2022 21:18

Block Energy notes CPR supports future West Rustavi field activity

Block Energy PLC - London-based oil and gas company focused in Georgia - Results from Competent Person's Report covering the Krtsanisi Anticline of the West Rustavi and Krtsanisi oil field, are in support of Block's sub-surface studies, and provides the basis to seek development financing for the next five wells of project I, the development of the Middle Eocene oil reservoir.

Read more
27 Jul 2022 16:11

UK shareholder meetings calendar - next 7 days

Thursday 28 July 
B&M European Value Retail SAAGM
Braemar Shipping Services PLCAGM
CMC Markets PLCAGM
CMC Markets PLCGM re proposed related party transaction
CYBA PLCAGM
De La Rue PLCAGM
discoverIE Group PLCAGM
Eight Capital Partners PLCAGM
Eurasia Mining PLCAGM
GB Group PLCAGM
Global Smaller Companies Trust PLCAGM
Graft Polymer (UK) PLCAGM
Ingenta PLCAGM
Mediclinic International PLCAGM
Octopus Renewables Infrastructure Trust PLCGM re investing in offshore wind farms in core focus
Oxford Instruments PLCAGM
RentGuarantor Holdings PLCAGM
Tate & Lyle PLCAGM
Ted Baker PLCAGM
Friday 29 July 
Eneraqua Technologies PLCAGM
Global Ports Holding PLCGM re elections of Ajini and Iosifakis as directors
Palace Capital PLCAGM
ProCook Group PLCAGM
Record PLCAGM
Rogue Baron PLCAGM
Sirius Real Estate LtdAGM
Standard Chartered PLCGM re approving HY announcement, interim dividend
Monday 1 August 
Cranswick PLCAGM
Tuesday 2 August 
Caffyns PLCAGM
Syncona LtdAGM
Tanfield Group PLCAGM
Wednesday 3 August 
Block Energy PLCAGM
Molten Ventures PLCAGM
Cambium Global Timberland LtdGM re wind-up
John Wood Group PLCGM re Built Environment sale
Sequoia Economic Infrastructure Income Fund LtdAGM
Edenville Energy PLCAGM
RiverFort Global Opportunities PLCAGM
Conduity Capital PLCAGM
Scirocco Energy PLCAGM
D4t4 Solutions PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
26 Jul 2022 15:17

TRADING UPDATES: Lords, Personal revenue up; Block Energy drills well

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

Read more
12 Jul 2022 11:36

Block Energy secures licensing rights of Block XI until 2043

(Alliance News) - Block Energy PLC on Tuesday said it has received confirmation from Georgia's State Agency of Oil & Gas that it has completed the minimum work programme in the production sharing contract for Block XI.

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11 Jul 2022 15:52

IN BRIEF: Block Energy revenue falls despite higher production

Block Energy PLC - London-based oil and gas company focused in Georgia - Reports "strong and consistent" second quarter performance in 2022 with average production of 519 barrels of oil equivalent per day, up from 512 boepd in the previous quarter. Revenue, however, falls to USD2.2 million from USD2.4 million. Adds that the preparations for a five-well development plan are complete and ready for execution.

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1 Jul 2022 11:44

Block Energy loss narrows; targets production increase in year ahead

(Alliance News) - Block Energy PLC on Friday reported a narrowed loss as it plans to step up production.

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8 Apr 2022 21:57

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

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

Read more
24 Feb 2022 21:57

TRADING UPDATES: Enwell shuts down operations; i3 ups oil production

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

Read more
24 Jan 2022 11:26

AIM WINNERS & LOSERS: Touchstar rises on outlook; Advance Energy sinks

AIM WINNERS & LOSERS: Touchstar rises on outlook; Advance Energy sinks

Read more
24 Jan 2022 10:35

Block Energy rises on success of JKT-01Z well testing in Georgia

Block Energy rises on success of JKT-01Z well testing in Georgia

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11 Jan 2022 11:26

Block Energy jumps following sharp fourth-quarter revenue rise

Block Energy jumps following sharp fourth-quarter revenue rise

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24 Nov 2021 20:17

TRADING UPDATES: Alpha Financial raises outlook; Gateley confident

TRADING UPDATES: Alpha Financial raises outlook; Gateley confident

Read more

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