TORONTO and CALGARY, AB, March 13, 2025 /PRNewswire/ - CGX Energy Inc. (TSXV: OYL) ("CGX") and Frontera Energy Corporation (TSX: FEC) ("Frontera") announced today that the joint venture (the "Joint Venture"), which was established through their respective subsidiaries in the Petroleum Agreement and the Petroleum Prospecting License for the Corentyne block offshore Guyana (the "License"), recently received a communication from the Government of Guyana informing the Joint Venture that: on the one hand, "The G ...

NEW YORK, March 13, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Block, Inc. (NYSE: XYZ).Shareholders who purchased shares of XYZ during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/block-inc-loss-submission-form/?id=135466&from=4CLASS PERIOD: February 26, 2020 to April 30, 202 ...

Core Insights - Jackie Reses has a strong entrepreneurial background, starting from a young age and evolving her career through various business ventures and leadership roles in finance and technology [1][2]. Company Development - Reses played a significant role in transforming Square into a banking-like entity within the tech sector, contributing to its foundational growth and infrastructure [3]. - In 2022, Reses acquired a community bank in Kansas City, Missouri, and rebranded it as Lead Bank, which now supports fintech companies with essential infrastructure [3]. Industry Challenges - Reses highlighted a critical issue in the fintech industry, noting that while user interfaces of fintech applications have improved, the underlying infrastructure remains inadequate [4]. - The COVID-19 pandemic presented a significant challenge for fintech infrastructure, as Reses advocated for fintechs to assist in distributing emergency funds to small businesses, leading to the creation of the Paycheck Protection Program [5][6]. Leadership and Negotiation - Reses has a history of navigating complex relationships, exemplified by her role on the Alibaba board, where she helped resolve a fraught relationship between Yahoo and Alibaba, resulting in a 15% stake worth $40 billion post-IPO [6][7]. - Her ability to build trust and foster collaboration among diverse stakeholders has been a key aspect of her leadership style [7].

NEW YORK, March 12, 2025 /PRNewswire/ --  Levi & Korsinsky, LLP notifies investors in Block, Inc. ("Block" or the "Company") (NYSE: XYZ) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Block investors who were adversely affected by alleged securities fraud between February 26, 2020 and April 30, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/block-inc-lawsuit-submission-form-2?prid=1 ...

NEW YORK, March 10, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Block, Inc. (NYSE: XYZ).Shareholders who purchased shares of XYZ during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/block-inc-loss-submission-form/?id=134585&from=4 CLASS PERIOD: February 26, 2020 to April 30, 20 ...

Group 1 - The stock of Block (XYZ) has experienced significant opportunity costs since 2021 due to large drawdowns [1] - Since May 2022, the stock price has been in a consolidation zone, establishing multiple levels of support and resistance [1] - The analysis emphasizes the importance of selecting stocks that exhibit both growth potential and strong financial fundamentals [1] Group 2 - The article does not provide any specific investment recommendations or advice regarding the suitability of investments for particular investors [2][3] - There is no indication of any current stock or derivative positions held by the analyst in the companies mentioned [2]

Group 1 - Block (NYSE: XYZ) experienced a 28% decline following a disappointing Q4 FY2024 earnings report, where both revenue and non-GAAP EPS fell short of estimates [1] - The company provided a weaker-than-expected outlook for Q1 FY2025, indicating potential challenges ahead [1] - Despite the overall downturn, revenue from the Square Ecosystem showed resilience, supported by continued growth acceleration [1]

Core Insights - Petrobras has launched a new drilling campaign in Brazil's largest pre-salt region to evaluate significant oil reserves [1] - The drilling operations at well 3-BRSA-1398-RJS in the Alto de Cabo Frio Central block represent a strategic move to enhance Petrobras' presence in the Campos Basin [2] Group 1: Drilling Operations - The well is located at a water depth of 2,276 meters and is being drilled using the West Polaris drillship [2] - This operation is part of Petrobras' ongoing efforts to expand its activities in Brazil's pre-salt region [2] Group 2: Alto de Cabo Frio Central Block - Petrobras acquired the Alto de Cabo Frio Central block in October 2017, holding a 50% stake in partnership with BP p.l.c. [3] - The block is estimated to contain around 558 million barrels of recoverable resources, with production expected to commence in 2032 [3] Group 3: Evaluation of Potential - In July 2022, Petrobras completed a drillstem test at a pioneer well in the region, confirming the presence of a productive pre-salt carbonate reservoir [4] - The analysis of oil samples collected during the test further supports the commercial viability of the block [4] Group 4: Industry Context - As Petrobras advances its drilling activities, the new well in Alto de Cabo Frio Central is seen as a crucial step in unlocking Brazil's pre-salt reserves [5]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Block, Inc. regarding a class action lawsuit alleging that the company engaged in widespread compliance lapses and failed to disclose material information that led to illegal activities on its platforms [1][2]. Allegations Summary - The lawsuit claims that Block engaged in years-long compliance failures at Square and Cash App, failing to conduct due diligence on customer identities and transactions, allowing illegal activities to flourish [1]. - Allegations include that Block created a haven for illegal activities by imposing minimal obligations on customers, encouraging bitcoin use, and pressuring banking partners to bypass due diligence [1]. - Specific illegal activities linked to Block's platforms include money laundering, child sexual abuse, sex trafficking, drug trafficking, terrorism financing, and contract killings [1]. - The company allegedly allowed customers to withdraw funds from flagged accounts and open multiple accounts using fake identities for illicit purposes [1]. - Block's leadership reportedly failed to address compliance deficiencies despite numerous warnings and complaints, leading to inflated user metrics through fake accounts [1]. - As a result of these actions, Block faces undisclosed risks of reputational harm, regulatory actions, and negative impacts on its operations and financial results [1]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by March 18, 2025, to monitor the case's progress and potentially seek lead plaintiff status [2]. - Registration is free and does not obligate shareholders to participate in the case [2]. Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for losses incurred due to misleading statements or omissions [3].

VAALCO Energy (EGY) , a U.S.-based independent exploration and production firm, has announced that it has entered an agreement to acquire a 70% stake in the CI-705 block off the coast of Côte d’Ivoire. The company has assumed operatorship of the block alongside its partners Ivory Coast Exploration Oil & Gas and PETROCI, the national oil company of Côte d’Ivoire.Geographical and Technical Overview of CI-705VAALCO has also mentioned that it will hold 100% paying interest in the block outlined via a commercial ...