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 […]
Corcel plc has raised £200,000 gross from issuing 50,000,000 new ordinary shares of £0.0001 each at £0.004 to its proposed joint venture partner Shangdong New Power COSMO AM&T (NPC). The company has also issued one warrant for every one share exerciseable at £0.005 at any time over the next year. On admission, the company’s total issued share capital will comprise 580,208,295 ordinary […]
Serica Energy plc reported that hydrocarbons comprising 80% gas had started flowing from Columbus C1z development well into the Arran subsea system. CAPACITY The commingled Arran and Columbus production streams are being exported to the Shearwater platform for processing and onward export to the gas and liquid sales points. For the first 14 days from […]