Roundtable Discussion; The Future of Mineral Sands. Watch the video 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: 1.60
Bid: 1.50
Ask: 1.70
Change: -0.05 (-3.03%)
Spread: 0.20 (13.333%)
Open: 1.65
High: 1.65
Low: 1.60
Prev. Close: 1.65
BLOE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK EARNINGS SUMMARY: Gama Aviation Interim Loss Widens As Revenue Down

Wed, 30th Sep 2020 21:13

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

----------

Gama Aviation PLC - Farnborough, Surrey-based aviation service provider - For the first half of 2020, pretax loss widens to USD4.2 million from USD2.0 million the year before, as revenue declines to USD109.2 million from USD121.8 million, as a result of the pandemic's effect on the aviation sector. Looking ahead, third quarter trading to September was stable, in line with management expectations.

----------

Sensyne Health PLC - clinical artificial intelligence technology company with headquarters in Oxford - For the year to the end of April, pretax loss widened to GBP22.6 million from GBP19.0 million, despite revenue rising sharply to GBP2.1 million from GBP136,000, through pharmaceutical R&D contracts.

----------

Block Energy PLC - exploration and production in Georgia - For the first half of 2020, pretax loss has remained flat at USD2.7 million, on generation of revenue to USD313,000 through sales of crude oil from its West Rustavi, Norio and Satskhenisi licences. Looking ahead, expects gas sales to start in fourth quarter of 2020 from West Rustavi.

----------

W Resources PLC - a tungsten, tin and gold mining and exploration company - For the first half of 2020, pretax loss widens to EUR1.7 million from EUR1.0 million on rising operating costs, in spite of revenue nearly rising fivefold to EUR1.0 million from EUR293,000. La Parrilla production comes up to 106.5 tonnes of tungsten concentrate and 64.5 tonnes of tin concentrate.

----------

M&C Saatchi PLC - London-based advertising firm - For 2019, pretax loss widens to GBP8.6 million from GBP6.3 million, on revenue that grew by 2.4% to GBP256.4 million from GBP250.3 million, on strong growth in the UK and Middle East & Africa more than offsetting a decline in Europe and flat performance in Asia & Australia.

----------

Tower Resources PLC - Africa-focused oil & gas company - For the first half of 2020, pretax loss narrowed to USD457,687 from USD1.6 million year before on sharply lower costs, despite no revenue being generated. During period, has extended initial period of the exploration phase of the Thali PSC, offshore Cameroon by one year.

----------

Prairie Mining Ltd - Poland-focused coal development firm - For the year to the end of June, pretax loss narrows to USD3.3 million from USD3.6 million on fall in exploration and evaluation expenses, on revenue that dropped to USD456,726 from USD557,330.

----------

daVictus PLC - Asia-focused food & beverage sector investor - For the first half of 2020, pretax loss narrowed to GBP116,576 from GBP127,453 the year before, on the generation of GBP3,333 in revenue from a franchisee in Kuala Lumpur, Malaysia.

----------

Vertu Capital Ltd - acquisition vehicle - For the first half of 2020, pretax loss narrowed to GBP52,536 from GBP65,520 the year before. During period, could not explore any acquisition opportunities due to adverse economic conditions.

----------

Xtract Resources PLC - miner with projects in Mozambique and Zambia - For the first half of 2020, pretax loss narrows to GBP187,000 from GBP320,000 the year before on lower administrative costs, as revenue from gold sales decline to GBP613,000 from GBP807,000. Total alluvial mining contractor gold production came dropped to 1,033 ounces from 2,138 ounces the prior year.

----------

European Metals Holdings Ltd - Australian mineral exploration & development company - For the year to the end of June, pretax loss widens to AUD4.6 million from AUD3.0 million the year before on higher costs, despite revenue rising to AUD183,835 from AUD1,461.

----------

MobilityOne Ltd - e-commerce infrastructure payment solutions and platform provider - For 2019, pretax profit rose sharply to GBP1.1 million from GBP67,491 the ear before, on revenue that grew to GBP169.4 million from GBP125.5 million.

----------

Secure Property Development & Investment PLC - County Durham, England-based eastern Europe focused property investor - As at December 31, net asset value per share falls by 18% to EUR0.23 from EUR0.28 in 2018. For 2019 as a whole, pretax loss widens to EUR2.3 million from EUR1.7 million the year before, on net operating income that dropped to EUR457.5 million from EUR651.1 million.

----------

Bezant Resources PLC - copper-gold explorer - For 2019, pretax loss widens to GBP1.1 million from GBP846,000, following a higher impairment charge relating to the Mankayan Copper-Gold project in the Philippines.

----------

Savannah Resources PLC - energy metals - For first half of 2020, pretax profit swings to USD1.2 million from loss of USD3.0 million, on the generation of USD91.7 million in revenue from gas and liquids sales from Nigerian assets.

----------

Orient Telecoms PLC - telecommunication services provider - For the year to the end of March, pretax loss narrows to GBP13,915 from GBP212,980 the year before, on revenue that nearly tripled to GBP600,596 from GBP218,822 on high demand for cloud-based services.

----------

Thor Mining PLC - vanadium and gold miner in US and Australia - For the year to the end of March, pretax loss widens to GBP922,000 from GBP735,000 the year before as expenses rise.

----------

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
4 Mar 2024 14:13

EARNINGS AND TRADING: Macau NAV falls; SolGold inks Cascabel deal

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

Read more
12 Feb 2024 14:37

IN BRIEF: Block Energy appoints advisors for Project III farm-out

Block Energy PLC - Resource exploration and production company focused on Georgia - launches farm-out process for Project III, situated near the southern Caucasus pipeline in the greater Tbilisi area, after appointing LAB Energy Advisors to spearhead the project. Block Energy says the appointment of the London-based LAB, a "leading independent energy advisory company", will ensure that project's potential is "marketed effectively to a wide range of prospective partners". Block Energy believes that the project contains "significant gas resources", and that its proximity to the southern Caucasus pipeline makes it well-connected to international energy markets. Last week, the company published the results of an independent energy report, which ascribed the project a net present value of more than USD500 million.

Read more
12 Feb 2024 12:51

Block Energy launches farm-out process at Project III

(Sharecast News) - Block Energy announced the start of the farm-out process for Project III on Monday, targeting the development of a gas resource in Georgia.

Read more
8 Feb 2024 17:43

TRADING UPDATES: Golden Metal eyes garnet, Xtract makes JV progress

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

Read more
16 Jan 2024 14:10

Block Energy takes wraps off large carbon capture opportunity

(Sharecast News) - Georgia-focussed developer and producer Block Energy unveiled a significant carbon capture and storage (CCS) opportunity within Block XIB on Tuesday.

Read more
16 Jan 2024 11:30

Block Energy says study confirms prospectivity of Block XIB

(Alliance News) - Block Energy PLC on Tuesday said that a study has identified a carbon capture and storage opportunity within Block XIB.

Read more
22 Dec 2023 11:16

IN BRIEF: Block Energy expects "busy" new year as eyes farm-out

Block Energy PLC - exploration and production company focused on Georgia, applying new technology to previously discovered oil fields - Says it is "well funded" to deliver its "high-impact" strategy in 2024. Strategy includes farm-out of project III. This is the appraisal and development of gas resources in the Lower Eocene and Upper Cretaceous formations across the company's onshore blocks in Georgia. Says the project has a good chance of success and will increase its net asset value.

Read more
12 Dec 2023 15:59

TRADING UPDATES: Symphony International net asset value falls

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

Read more
12 Oct 2023 14:14

IN BRIEF: Block Energy shares down as quarterly oil production falls

Block Energy PLC - exploration and production company focused on Georgia - In the third quarter to September 30, average output declines to 630 barrels of oil equivalent per day from 664 boepd in the second quarter. Notes third successful project 1 well, with WR-34Z placed on production at 150 boepd.

Read more
12 Oct 2023 13:20

Block Energy average production slips in third quarter

(Sharecast News) - Georgia-focussed oil and gas company Block Energy reported an average production of 630 barrels of oil equivalent per day (boepd) in its third quarter on Thursday, slightly below the second quarter's 664 boepd.

Read more
3 Oct 2023 11:50

EARNINGS AND TRADING: Block Energy swings to loss on lower oil prices

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

Read more
26 Sep 2023 14:22

IN BRIEF: Block Energy notes successful WR-34Z well test in Georgia

Block Energy PLC - exploration and production company focused on Georgia - Says well test of WR-34Z in West Rustavi, Georgia, shows it has now been in continuous production for over 19 days on a range of choke settings from 7.1 millimetres to 12.7 millimetres, producing at an average rate of 223 barrels of oil equivalent per day, or 153 barrels of oil per day and 11,900 cubic metres of gas per day. Says the well has now been handed over to the production team on a 10.3 millimetre choke size, with production at a five-day average rate of 150 barrels of oil equivalent per day, and with all produced hydrocarbons being monetised. Says total group production as of the September 25 was 684 barrels of oil equivalent per day.

Read more
31 Aug 2023 19:45

TRADING UPDATES: Infrastructure India extends maturity dates on debt

(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
31 Aug 2023 14:43

Block Energy reaches total depth with latest well

(Sharecast News) - Georgia-focussed development and production company Block Energy announced on Thursday that well WR-34Z had reached total depth, and drilling operations had ceased.

Read more
26 Jul 2023 13:22

IN BRIEF: Block Energy announces spud of WR-34Z well in West Rustavi

Block Energy PLC - London-based oil and gas exploration and production company which operates the West Rustavi, Norio and Satshenisi oil fields in Georgia - Announces spud of development well WR-34Z in West Rustavi. Says well forms part of the development of 3.01 million barrels of oil gross 3P reserves, with a net present value of USD57.0 million.

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.