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Investor Update: Block Energy completes critical phase of WR-38Z sidetrack

Headlines from Proactive UK newsroom.

Block Energy (LON:BLOE) has completed a critical phase of the sidetrack programme at its WR-38Z well on the West Rustavi field in Georgia. New casing has been cemented through the build section of the well, which will prevent fluid incursion into the target zone.

Gfinity PLC (LON:GFIN) has reduced its losses for 2019 after revenues at the esports tournament operator jumped by over 80%. For the 12 months ended 30 June, the firm reported revenues of £7.9mln, up from £4.3mln in the prior year. 

Futura Medical (LON:FUM) has dosed its final patient in the European Phase 3 study for its erectile disfunction treatment.  Headline data is scheduled by the end of 2019.

Ariana Resources (LON:AAU) has enjoyed one its best quarters ever for revenues generated. Production was just shy of 7,000oz and that, combined with a very strong gold price, boosted sales income.

Smith & Nephew’s (LON:SN.) chief executive Namal Nawana is to step down at end of the month to pursue other opportunities outside of the UK. Non-executive Roland Diggelmann is to become the new CEO from the start of November.

Canadian group Open Text Corp has denied it is considering a bid for Newbury-based software group Micro Focus, despite reports to the contrary. Micro Focus is currently valued at about £3.6bn.

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