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

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UK EXECUTIVE CHANGE SUMMARY: CLS Holdings Founder Sten Mortstedt Dies

Tue, 15th Dec 2020 15:11

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and not separately reported by Alliance News:

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CLS Holdings PLC - property investor in UK, Germany and France - Says Sten Mortstedt, the founder of the company and an executive director, died on Tuesday at the age of 80. Mortstedt founded CLS in 1987 and the Sten Mortstedt Family & Charity Trust owns 51.5% of the FTSE 250 company. CLS says the trust remains committed to the company and Anna Seeley remains its board representative as non-executive vice chair.

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Greatland Gold PLC - mineral exploration and development in Western Australia and Tasmania - Hires Shaun Day as chief executive officer, starting February 8. Day is the former chief financial officer of Northern Star Resources Ltd, an Australian gold producer listed in Sydney. He replaces Gervaise Heddle, who is leaving Greatland "to pursue other interests" but who will remain on the board until March 12 to ensure a smooth transition.

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Carclo PLC - West Yorkshire-based engineering for medical, optical and aerospace industries - Matt Durkin-Jones steps down as interim CFO and from board, effective from Thursday, replaced by Phil White, an accountant and experienced CFO. White will be interim CFO and won't join the Carclo board.

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Kerry Group PLC - Tralee, County Kerry-based foods and nutrition firm - Hires Jinlong Wang as independent non-executive director, starting January 5. Wang has had a long career in the food, beverage and hospitality industry, primarily with Starbucks China, part of Starbucks Corp, Kerry notes. Wang was a director of Pizza Express since 2015, resigning last month after a financial restructuring plan and company voluntary arrangement was put in place for the struggling restaurant chain.

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Victoria PLC - Worcestershire, England-based maker and distributor of floorcoverings - Appoints Blake Ressel as non-executive director. Ressel is a managing director of Koch Equity Development LLC, leading its European team. KED Victoria Investments LLC, an affiliate of Koch Equity Development, has a 10.7% shareholding in Victoria.

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Tiger Royalties & Investments PLC - London-based mining royalties and mining company investment - Hires Alex Borrelli as independent non-executive director, effective immediately. Borrelli is an accountant and investment banker who has been a director and chair of various listed companies over the past 15 years, company says.

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Block Energy PLC - oil and gas development and production in Georgia - Hires Chuck Valceschini as independent non-executive director, starting immediately. Valceschini is CEO of TechNefteGaz Consulting LLC and has nearly 40 years experience in the oil and gas sector, Block says.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
23 Jan 2019 16:00

Block Energy launches two-well sidetracking programme

(Sharecast News) - Block Energy rose on Wednesday after beginning sidetrack operations in the existing 16a wellbore at its West Rustavi field in the Republic of Georgia.

Read more
23 Jan 2019 09:48

Block Energy Kicks Off Sidetrack Drilling Work At Georgian Well

LONDON (Alliance News) - Block Energy PLC on Wednesday started sidetrack drilling on the 16a well on Georgia's West Rustavi field, the company said.This is part of a two-well sidetrack

Read more
14 Jan 2019 16:09

Block Energy aims for 900bopd after "excellent" production results at new well

(Sharecast News) - Georgia-focussed oil and gas company Block Energy lauded its "excellent" initial production results from well-44 on its Norio Field, on Monday.

Read more
14 Jan 2019 14:22

Block Energy Rises On Positive Results From Work At Norio Well

LONDON (Alliance News) - Block Energy PLC on Monday reported "excellent" results from its Norio 44 well as the company recovered 45 barrels of oil during a five-hour period.The as

Read more
20 Dec 2018 10:44

Block Energy CEO confident on hitting break-even production rates

(Sharecast News) - Georgian-focused oil and gas company Block Energy was confident it would be able to reach breakeven production rates at all of its three licenses in the near-term, allowing it to transform itself into a "highly profitable oil and gas company".

Read more
14 Dec 2018 12:31

Block Energy makes decent recovery at West Rustavi

(Sharecast News) - Georgia-focussed exploration and production company Block Energy announced on Friday that more than 200 barrels of oil had been recovered from the legacy vertical well 16a at its West Rustavi permit during a 10 hour flow period.

Read more
11 Dec 2018 12:20

Block Energy Signs Deal For Downhole Perforation Tech Provision

LONDON (Alliance News) - Block Energy PLC said Tuesday that it inked a service deal for the provision of an advanced downhole perforation technology.The agreement gives the company access a

Read more
5 Dec 2018 09:55

Block Energy working on 25-fold production increase at Norio

(Sharecast News) - Georgia-focussed exploration and production company Block Energy updated the market on its initial work programme on Wednesday, with the focus on achieving a 25-fold increase in production at its Norio oil field to 250 barrels of oil per day (bopd) by the first half of 2019.

Read more
5 Dec 2018 09:50

Block Energy Successfully Re-Enters 3 Wells At Norio Field In Georgia

LONDON (Alliance News) - Block Energy PLC said Wednesday it successfully re-entered three wells on the Norio field in Georgia and is rigging up at a fourth.Shares in the Georgia-focused and

Read more
22 Nov 2018 17:49

BlocK Energy Posts Widened Annual Loss In First Results Since IPO

LONDON (Alliance News) - Oil company Block Energy PLC on Thursday reported its maiden preliminary results following its AIM initial public offering in June, recording a significantly wider in up a

Read more
20 Nov 2018 12:01

Mayan Energy Nets GBP200,000 From Stake Sale In Block Energy (ALLISS)

LONDON (Alliance News) - Oil and gas company Mayan Energy Ltd said Tuesday it has sold its 3.29% interest in Georgia-focused explorer Block Energy PLC, netting GBP203,213.Proceeds from the

Read more
15 Oct 2018 17:50

UPDATE: Block Energy Begins Workover At Norio Oil Field In Georgia

LONDON (Alliance News) - Block Energy PLC on Monday said it started a fully funded workover programme at its Norio oil field in Georgia, eastern Europe, to scale up production rapidly by the end a

Read more
15 Oct 2018 11:08

Block Energy Begins Workover Campaign At Norio Oil Field In Georgia

LONDON (Alliance News) - Block Energy PLC on Monday said it started a fully funded workover programme at its Norio oil field in Georgia to scale up production rapidly by the end of 2018.The

Read more
5 Oct 2018 09:20

Block Energy Signs Preliminary Gas Offtake Agreement In Georgia

LONDON (Alliance News) - Georgia-focused Block Energy PLC said Friday it has signed a memorandum of understanding for a gas offtake agreement in the country.The memorandum, signed with gas

Read more
2 Oct 2018 11:29

Block Energy Appoints Christopher Brown As Non-Executive Director

LONDON (Alliance News) - Block Energy PLC said Tuesday it appointed Chris Brown as non-executive director of the company with immediate effect.Brown is currently a director at Montblanc Oil

Read more

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