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

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Share Price: 1.55
Bid: 1.50
Ask: 1.60
Change: -0.10 (-6.06%)
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TRADING UPDATES: Symphony International net asset value falls

Tue, 12th Dec 2023 15:59

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

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Symphony International Holdings Ltd - Asia-focused investment company focusing on healthcare, hospitality, lifestyle, logistics and education sectors - Says net asset value per share at September 30 third-quarter end totals USD0.7058, down 11% quarter-on-quarter from USD0.7862 at end of June. Reports "decline in value of unlisted investment, particularly in the lifestyle and new economy sectors".

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Doric Nimrod Air Two Ltd - investment firm which acquires, leases and then sells aircraft - Will return GBP59.2 million to shareholders following sale of A380 aircraft to Emirates. That sale has now been completed. Return to be conducted through partial compulsory redemption of two ordinary preference shares for every seven shares in the company. Redemption price is 120 pence per share.

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Windward Ltd - maritime predictive intelligence company - Says has continued to win new customers in "all business lines" as momentum continues as 2023 draws to close. Says wins deal with Argentina's maritime law enforcement agency. The agency will use "Windward's AI platform to address security, economic and environmental threats in the maritime domain to augment its maritime domain awareness". Says new customers in Ocean Freight Visibility offering include logistics provider Scan Global Logistics. Windward adds: "We are also pleased to report the first paying customers via the previously announced LSEG partnership, which is expected to drive further revenue in 2024." Finally, "current sanctions environment" is boosting demand for Windward's compliance product. It recently signed a deal with its first UK ship broker who will use the compliance platform in their own operations. It expects results for 2023 to be in line with market expectations.

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Block Energy PLC - exploration and production company focused on Georgia - Reports results from independent resource report covering Didi Lilo in Georgia. Says best estimate gross oil and gas resources amount to 271.6 million barrels of oil equivalent. Best estimate of net present value with 10% totals USD223.4 million. Mean gross oil and gas resources amount to 302.8 million boe and net present value, at 10% discount, totals USD272.7 million. "This independent subsurface validation, plus the significant commercial work, bolsters our confidence in the potential of Project IV and we look forward to updating shareholders on progress made to crystalise this significant opportunity in due course," Chief Executive Officer Paul Haywood says.

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RBG Holdings PLC - London-based legal and professional services firm - Extends borrowing facilities with HSBC. Renewed facility runs to end of 2025 and totals GBP24.5 million. It replaces GBP21.5 million facilities which had been due to expire in April 2024. The interest rate on the renewed facility will remain the same as for the previous facilities, a margin of 2.4% to 3.15% over the Sterling Overnight Index Average, resulting in a current effective rate of 8.3%.

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Kistos Holdings PLC - London-based low carbon intensity hydrocarbon producer - Says notified Nordic Trustee AS of exercise of call option and redemption of all outstanding bonds. Of original EUR150.0 million bonds, EUR73.2 million has been repurchased. It will redeem outstanding EUR76.8 million under both its bond issues at redemption price equal to 102.5% of nominal amount for each bond. "The redemption of the Kistos NL2 BV bonds from our cash resources will boost Kistos' profitability by reducing our net interest costs. By removing certain covenants contained in the bond terms, it will also enhance our financial flexibility," Executive Chair Andrew Austin says.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. 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.

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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.

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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.

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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:

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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:

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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:

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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

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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

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