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An update from Block Energy Plc ( (GB:BLOE) ) is now available.
Block Energy plc announced the allotment of 3,345,398 ordinary shares to a former employee following the exercise of options granted under a salary sacrifice scheme. This move will increase the company’s issued share capital to 772,653,343 ordinary shares, impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
More about Block Energy Plc
Block Energy plc is an AIM-quoted independent oil and gas production and development company with a strategic focus on Georgia. The company holds interests in seven Production Sharing Contracts in central Georgia, covering an area of 4,256 km2, including the XIB licence, which has significant gas resources. Block Energy’s operations are structured around a four-project strategy aimed at increasing production, redeveloping fields, discovering new deposits, and capitalizing on untapped gas resources. The company is strategically positioned to contribute to the EU energy market, supported by partner funding and existing assets.
Average Trading Volume: 1,061,283
Technical Sentiment Signal: Buy
Current Market Cap: £7.89M
See more insights into BLOE stock on TipRanks’ Stock Analysis page.