Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. 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: 1.80
Bid: 1.70
Ask: 1.90
Change: 0.025 (1.41%)
Spread: 0.20 (11.765%)
Open: 1.775
High: 1.825
Low: 1.775
Prev. Close: 1.775
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: InfraStrata Targets Breakeven At Titanic Shipyard

Fri, 01st May 2020 11:18

(Alliance News) - The following is a round-up of quarterly, interim or full-year reports by London-listed companies, issued on Thursday and not separately reported by Alliance News:

----------

InfraStrata PLC - natural gas storage and infrastructure - Pretax loss in six months to January 31 widens to GBP2.9 million from GBP394,627 amid sharp rise in management and administrative expenses to GBP2.8 million. Generates revenue of GBP515,230, versus none last year. Targets break-even at Harland & Wolff Belfast shipyard inside next 12 months.

----------

Flowtech Fluidpower PLC - fluid power components and services - Revenue in 2019 edges 0.3% higher to GBP112.4 million from GBP112.1 million, but pretax profit falls by 32% to GBP4.7 million from GBP6.9 million. Reports GBP1.7 million in depreciation of right-of-use assets, while administrative expenses rise 12% to GBP26.2 million. Decides against final dividend, means full-year payout down 65% to 2.13 pence per share from 6.07p.

----------

Block Energy PLC - exploration and production - Posts a widened pretax loss in 18 months to December 31. Previously changed its year-end date from June 30. Loss totalled USD6.1 million versus USD2.0 million. Generated revenue of USD314,000 versus USD179,000.

----------

Aminex PLC - oil & gas producer - Pretax loss in 2019 narrowed to USD15.2 million from USD48.5 million. Reported exploration impairments of USD10.9 million, down 75%. Revenue fell 42% to USD357,000 from USD617,000.

----------

Emmerson PLC - potash developer - Pretax loss in 2019 narrowed to GBP1.1 million from GBP1.8 million, amid absence of GBP698,000 in reverse acquisition expenses. Has moved to cut down on expenditure amid Covid-19.

----------

Taseko Mines Ltd - copper producer - Says revenue in three months to March 31 down 12% year-on-year to CAD62.1 million, about GBP35.2 million. Copper production up 30% to 32.4 million pounds from 24.9 million pounds.

----------

Panther Metals PLC - minerals explorer - Pretax loss in 2019 widened to GBP749,948 from GBP519,134 due to initial public offering costs of GBP305,134. Says outlook positive amid promising gold market.

----------

Shefa Gems Ltd - exploration and development - Swings to loss of NIS7.9 million, about GBP1.8 million, from NIS6.0 million. Aiming to continue mine planning procedures with the Israeli Lands Authority.

----------

Africa Opportunity Fund Ltd - investor - Net asset value per share at December 31 year-end down 4.9% to USD0.638 from USD0.671. Says performance lagged that of the Lusaka Stock Exchange in 2019.

----------

Marwyn Value Investors Ltd - investor - Reports share price total return of negative 17% compared to FTSE All-Share which gained 19%. Net assets down 29% to GBP105.0 million from GBP147.1 million.

----------

Papillon Holdings PLC - investment vehicle - Pretax loss in 2019 widens to GBP582,000 from GBP397,000. Administrative expenses up 20% to GBP443,000. Says acquisition of 50% stake in Pace Cloud Ltd progressing well.

----------

Golden Rock Global PLC - investment vehicle - Pretax loss in 2019 stretched to GBP393,871 from GBP227,983. Professional fees more than doubled to GBP272,308 during year where it came close to sealing acquisition before target company pulled out.

----------

New Century AIM VCT2 PLC - venture capital trust - 2019 NAV per share inches 2.4% higher to 49.53p from 48.38p, but axes dividend after 3.40p payout in 2018. Says UK general election result boosted certainty but notes volatility from Covid-19.

----------

Conygar Investment Co PLC - investor - Net asset value per share down 0.2% to 177.8 pence in six months to March 31 from 178.2p in September. NAV hurt by GBP1.3 million writedown at Cross Hands retail park in Carmarthenshire, Wales, due to Covid-19.

----------

Pires Investments PLC - investor - Net asset value in year ended October 31 climbs sharply to GBP2.6 million from GBP949,617 in year before. Pretax profit more than doubles to GBP865,510 from GBP322,069.

----------

Cardiff Property PLC - property investor - Ups dividend for six months to March 31 by 4.3% to 4.8 pence per share from 4.6p and NAV per share up 5.4% to 23.03p from 21.84p. Reports property market has uncertain picture due to Covid-19 but says Thames Valley area it operates in has been historically resilient.

----------

Weiss Korea Opportunity Fund Ltd - real estate investment - NAV per share rises 3.7% in 2019 to GBP1.5559 from GBP1.4993. Raises annual dividend by 21% to 4.1195p per share from 3.4155p. Noted that it outperformed the MSCI South Korea Index in 2019.

----------

Sigma Capital Group PLC - residential development - Revenue in 2019 rises 11% to GBP13.9 million from GBP12.5 million, with pretax profit climbing 17% to GBP13.0 million from GBP12.2 million. Holds total payout at 2.0p per share. Says Covid-19 impact difficult to predict. Will change year-end date to September 30 to better reflect season trading patterns.

----------

Highcroft Investments PLC - property investor - Net asset value per share falls 2.7% in 2019 to 1,175p from 1,205p. Slices final dividend by 20% to 27p per share from 33.75p, total payout down 8.6% to 48p from 52.50p. Net property income up 16% to GBP5.7 million and 12% rise in property valuation to GBP86.7 million from GBP77.7 million.

----------

Hemogenyx Pharmaceuticals PLC - cancer therapies - Pretax loss narrows to GBP1.5 million in 2019 from GBP1.6 million. Administrative expenses down 2.5% to GBP1.6 million and company reports other income of GBP213,126, more than double the amount from 2018.

----------

By Eric Cunha; ericcunha@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.