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Biggest China Bank Dumps Plan To Fund Zim s US$3b Coal Power Plant
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Half of China-backed overseas coal projects shelved
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Sweden s AP7 excludes 2 Chinese firms from investment universe
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TRADING UPDATES: Block Energy 2020 revenue jumps; Kanabo loss narrows
Wed, 2nd Jun 2021 19:10
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Block Energy PLC - development and production company focused on Georgia - Reports revenue for 2020 of USD1.3 million compared to USD310,000 the year ago, resulting in pretax loss of USD5.5 million versus USD6.1 million in 2019. Block Energy says production of oil and gas from the two horizontal wells in its West Rustavi licence area was suspended in April 2020 to avoid selling oil at low prices. Despite that, the company says it sold 34,421 barrels, up from 5,210 barrels the year prior. Meanwhile, on February 15, the company says it has achieved its first gas sales.