The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has 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: 1.55
Bid: 1.50
Ask: 1.60
Change: -0.10 (-6.06%)
Spread: 0.10 (6.667%)
Open: 1.65
High: 1.65
Low: 1.55
Prev. Close: 1.55
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: Lords, Personal revenue up; Block Energy drills well

Tue, 26th Jul 2022 15:17

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

----------

Ergomed PLC - Guildford, England-based service provider to the biopharmaceutical industry - Records total revenue of GBP69.9 million in the first half of 2022, up 25% from GBP56.0 million a year before. Order book stands at GBP284.5 million on June 30, up 19% year-on-year from GBP239.7 million. Cash balance as at June 30 totals GBP12.0 million down from GBP24.6 million on the same date a year before. Expects revenue and adjusted earnings before interest, tax, depreciation and amortization for 2022 to be in line with current market expectations.

----------

Personal Group Holdings PLC - employee benefits - Reports "positive" trading for the first half of 2022. Achieves revenue and adjusted Ebitda growth in line with expectations. Sees good momentum across its largest two divisions - Affordable Insurance and Benefits Platform. Completes the acquisition of Quintige Consulting Group Ltd at the end of the period. Says it is "confident" about its future. "Personal Group is, I believe, well positioned within a growing market with an increasingly relevant offering. We are now putting the impact of previous pandemic lockdowns firmly behind us and with the current momentum and increasing scale of the business, we are on course to deliver revenue and Ebitda growth for the full year, in line with expectations," Chief Executive Deborah Frost says.

----------

Kooth PLC - London-based digital mental health platform - Says it has a strong pipeline of contracts that it expects to be signed in the second half of 2022. Net cash as at June 30 stands at GBP8.3 million, down from GBP7.1m on the same date a year before. Expects full-year results within market expectations. Believes that the ongoing transition within UK public healthcare from Clinical Commissioning Groups to Integrated Care Systems provides an opportunity for the group to deepen further its relationships in this sector.

----------

NewRiver REIT PLC - real estate investment trust - Records strong rent collection of 96% in the first quarter ended June 30. Says occupancy increased to 97% from 96% as at March 31. Cash position improves to GBP93 million as at June 30 from GBP88 million as at March 31. "First quarter trading is in-line with our expectations and is underpinned by resilient operational metrics. We continue to make progress on our work out disposals, and we are seeing high occupancy, strong cash collection and consistent leasing outperformance despite the more challenging economic backdrop," Chief Executive Allan Lockhart comments.

----------

Lords Group Trading PLC - London-based distributor of building, plumbing, heating and DIY goods - Reports revenue growth of 20% in the first half of 2022 to GBP214.7 million from GBP179.0 million a year before. Expects adjusted Ebitda to grow 33% to GBP14.0 million from GBP10.5 million a year before. Says positive trading momentum has continued in the second half of 2022.

----------

Rockhopper Exploration PLC - Salisbury, England-based oil & gas exploration and production company - Receives all regulatory consents from the Falkland Islands Government and the UK Secretary of State for a transaction between the company, Harbour Energy PLC, and Navitas Petroleum LP. Says that the Falkland Islands Government agreed to grant a two-year licence extension to all the licences held by Rockhopper in the North Falkland Basin, as part of the transaction. The licences will run until November 1, 2024.

----------

Firering Strategic Minerals PLC - operator of Atex dual lithium-tantalum project in Ivory Coast - Plans to deliver "results" from its Atex drilling programme in the second half. It will target the lithium-bearing pegmatites. The project is located in West Africa.

----------

Block Energy PLC - London-based oil and gas company focused in Georgia - Starts project II with the drilling of the JSR-01DEEP well, as part of the redevelopment of the Patardzeuli Middle Eocene reservoir located in Georgia. Says well JSR-01DEEP will involve the deepening of the existing well JSR-01, which was drilled by a previous operator in 2013. The project is funded from cash generated from current operations. Says it will run at the same time as project I.

----------

Dekel Agri-Vision PLC - West Africa-based agriculture company - Says its two new operational projects in Ivory Coast, producing palm oil and cashews, will provide two new material revenue streams. Expects "material" step up in revenue and profit in 2023 and beyond. "The exposure to one commodity has been evident during the first half of 2022 where we experienced continued record CPO pricing but also the lowest first half peak harvest period we have seen. We consider the decrease in fruit to be seasonal and a normalisation of the fruit level, together with continued high CPO prices, means the palm oil operation is well placed to continue to deliver strong results," says Chief Executive Youval Rasin. Says it has potential for revenue to surpass EUR50 million in 2023 for the first time.

----------

Kazera Global PLC - diamonds and rare earths explorer in South Africa and Namibia - Receives first payment of USD100,000 under from lithium investment deal for lithium produced from its mine at Tantalite Valley in Namibia.

----------

By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
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

Read more
31 Oct 2019 13:24

Block Energy Completes West Rustavi Well Drilling, Awaits Test Results

Block Energy Completes West Rustavi Well Drilling, Awaits Test Results

Read more
30 Oct 2019 10:37

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

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

Read more
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

Read more
24 Oct 2019 16:19

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
21 Oct 2019 15:48

Block Energy Successfully Cements Well Casing At West Rustavi

Block Energy Successfully Cements Well Casing At West Rustavi

Read more
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

Read more
25 Sep 2019 12:03

Block Energy Shares Slip Following Problems At Georgian Well

Block Energy Shares Slip Following Problems At Georgian Well

Read more
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

Read more
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

Read more
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.

Read more
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,

Read more
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

Read more
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

Read more
8 Jul 2019 14:25

Block Energy Secures Drilling Equipment For West Rustavi Operations

(Alliance News) - Block Energy PLC has secured workover machinery for its 2019/2020 drilling programmes, the Georgia-focused oil and gas exploration company said Monday.The company agreed a

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.