Block Energy plc recorded a near five-fold increase in revenue and narrowed losses from its oil and gas operations in Georgia. FINANCES The company’s audited results for the year ended 31 December 2021 showed revenue of $6,114,000 (2020: $1,255,000) and other income included $5,000 (2020: $100,000) for sales of materials. Losses for the year narrowed to $4,783,000 (2020: $5,512,000). Block Energy added […]
Day: 15 November 2024
UKOG discovers light oil seep at Resan
UK Oil & Gas plc said its joint venture (JV) partner had discovered a live, light 41.7˚API oil seep in an unused seismic drill hole within the Resan licence in Türkiye. DRILL HOLE Operator Aladdin Middle East (AME) (50%) drilled the hole during the 2022 seismic programme. The drill hole lies approximately 4km north of […]
Reabold appoints Anthony Samaha as NED
Reabold Resources plc has appointed Anthony Samaha as non executive director. Mr Samaha previously acted as the company’s finance director.
Oriole to raise £400,000 via placing-subscriptions
Oriole Resources plc has conditionally raised £400,000 comprising an equity raise, directors’ subscriptions and a salary sacrifice scheme. FUNDRAISE The fundraise comprises £300,000 in a placing and £40,000 from subscriptions by certain directors through the issue of 188,888,888 new ordinary shares at the placing price of 0.18 pence per share, equal to a 14% discount. […]
IGas NED Tushar Kumar leaves
IGas Energy plc announced that non-executive director (NED) Tushar Kumar will resign with immediate effect to assume a new role at another investment company. Mr Kumar was one of two NEDs appointed to the IGas board by Kerogen Capital. The private equity fund manager’s other nomination Philip Jackson remains on the board. Kerogen Capital retains the […]