Case study
Gneiss Energy acts as Placing Agent for Block Energy plc on £5.28 million Placing

Gneiss is pleased to announce we have successfully acted as Placing Agent for Block Energy plc.

Block, a production company focused on exploration, development and production onshore Georgia, announced today that it successfully raised approximately £5.28 million through the issue of new ordinary shares to investors at a placing price of 3p per share.
The net proceeds raised from the placing will be additive to the Company’s existing cash balance, and will be used by the Company to execute its further work programme in Georgia.
Our Oil & Gas team is delighted to announce our 8th transaction of 2020.
For the official press release, click here.
Block Energy
Year Completed
Smart Grid
Equity Raise
Handshake (1)
Placing Agent
Oil and Gas
Transaction Value
£5.28 million
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