Company
Block Energy PLC
LON:BLOE
Block Energy PLC is an AIM-listed independent oil and gas company focused on production and development in Georgia, applying innovative technology to realise the full potential of previously discovered fields.
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Malcy's Blog - Oil price, Diversified Energy, UOG, Coro, VOG, Block, Deltic. And finally…
WTI (Sept) $94.98 -$1.72, Brent (Sept) $104.40 -75c, Diff -$9.42 +97c. USNG (Sept) $8.97 +25c,UKNG (Aug) 389.99p +62.23p, TTF (Aug) €222.035 +€40.03Oil priceThe big news today is all about The Fed who announce the widely expected 75bp incre
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Oil price, DEC, Eco (Atlantic), i3, Block. And finally…
Eco (Atlantic) Oil & Gas Eco (Atlantic) has announced the successful sale of the Kozani project in Greece by Solear Ltd. for c.€1.8m (c.$2 million) to Nepcoe Capital Partners Ltd, in partnership with PowerChina New Energy Power Co., Ltd. a
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Oil price, IOG, UJO/Egdon, Capricorn, Trinity, President, Block. And finally…
IOG IOG the Net Zero UK gas and infrastructure operator focused on high return projects, provides a further update on Phase 1 operations. Saturn Banks Reception Facilities (SBRF) at Bacton Gas Terminal
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Oil price, Genel, Union Jack, Block. And finally…
Oil price Nothing to add again today, some of the hotspots on the geopolitical front are easing a bit, the news pictures from Kazakhstan last night seemed less tense and production is rising. In Libya there is also some increase in producti
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Oil price, DEC, UOG, Block. And finally…
Diversified Energy has announced that the Company and Oaktree Capital Management, L.P. have entered into a Purchase and Sale Agreement to divest their working interest in certain predominantly undeveloped Haynesville acreage in Texas for es
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Oil/Gas price, DEC, Genel, Block.
Travelling in Europe so a flash blog for a quick energy prices comment and brief company comments. The DEC call is 1600 hrs for me so I will add anything salient from the meeting, which I shall be able to listen into, tomorrow.
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Small Cap Wrap - AfriTin Mining, Avacta, Block Energy and more...
The development and production company focused on Georgia, announced the proposed appointment of Dr Kenneth "Ken" Seymour as an independent Non-Executive Director, subject to the completion of the Nominated Adviser's usual regulatory due di
Block Energy board looking forward to focussing back on operations
Shareholders voted against an activist proposal, and, now management is looking to well drilling
Block Energy reaches drilling milestone in WR-B1 well operations
Horizontal drilling is now underway and the well's target depth will be reached in August
Block Energy to convene August general meeting as shareholder calls for review
The general meeting was requested by Forest Nominees Limited, on behalf of 5% shareholder G.P. (Jersey) Limited.
Block Energy says second quarter was positive financially and operationally
Spudding the WR-B1 well was a key objective in the quarter.
Block Energy spuds WR-B1 well at West Rustavi
If successful, the well will be rapidly tied into nearby production facilities and significantly boost Block's production volumes.
Block Energy signs up Baker Hughes for Georgia drilling opportunities
Preparations are presently underway for the WR-BA well and the company is expected to announce the spud of the well shortly.
Block Energy highlights significant progress despite the pandemic
The cautious approach taken last year has been rewarded in a much improved environment in 2021, the company highlighted.
Block Energy plans to drill two wells in 2021 as it sets out objectives for the year
The first well at the WR-BA well site is expected to spud in May/June 2021
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Malcy's Blog - Genel Energy; Bahamas Petroleum; Block Energy and more...
Genel Energy (LON:GENL) The company has updated on oil reserves and resources by D&M this morning. they assess that, at the Tawke field on the Tawke licence (Genel 25% working interest), gross year-end 2020 1P reserves stood at 173 MMbbls,
Block Energy sees major milestone as gas sales start at West Rustavi
"The commencement of gas sales is a great achievement," said Paul Haywood.
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Oil price, BPC, President, Block, PetroTal, Trinity. And finally…
At the risk of repetition the oil price is better again this morning with Brent trading above $60 in what looks like a year ago. But the story remains the same, the vaccine trade, stock draws and the forcing through of the Stimulus bill by
Proactive news headlines: Block Energy, 4D pharma, Tirupati Graphite, ANGLE ...
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Block Energy brings two wells back online at Rustavi
“Production from the Wells remains stable and consistent with the production rates achieved before they were shut-in in April 2020," said chief executive Paul Haywood.
Block Energy set for drill-bit catalysts in Georgia
Block Energy is an AIM-listed independent oil and gas exploration and production company
Block Energy says it is on cusp of inaugural gas sales
“We are on the cusp of our inaugural gas sales,” said chief executive Paul Haywood
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Malcy's Blog - Block Energy; San Leon and more...
San Leon Energy (AIM:SLE) An Oza field, Nigeria update from SLE today where the parties are to extend the completion date to ‘early in the new year’ for Covid-19 reasons, as previously announced, worldwide restrictions put in place in respo
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Today's Oil & Gas Update - Echo Energy and more...
Oil Price News Prices fell yesterday as pandemic measures strengthened Brent Crude fell 0.9% to US$48.79, WTI fell 1.1% to US$45.76 on Monday and continued this downtrend overnight Renewed lockdowns in California, Germany and South Korea ar
Block Energy closes bookbuild for £5mln share placing
Some 176mln new shares will be sold to investors at a price of 3p per share
Block Energy completes transformational Georgia asset acquisition
It is a "truly transformational" deal that increases Block's footprint in Georgia by thirty-fold
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Proactive news headlines: Block Energy, ImmuPharma, Genedrive, Argentex Group …
A glance at some of the day's highlights from the Proactive Investors newswire
Block Energy boosted by new terms in Schlumberger Georgia asset deal
The asset package "will truly define" the company's future as an oil and gas company in Georgia, said chief executive Paul Haywood
Block Energy says West Rustavi EPF is now able to receive gas
The company continues its countdown to inaugural gas sales and the restart of oil production from the West Rustavi field.
Block Energy says its strong and agile, looks forward to gas sales
“Block Energy remains strong and agile, with cash on the balance sheet and near-term realisation of its gas reserves," said Paul Haywood.
Block Energy expects gas sales to begin in fourth quarter
Gas purchaser Bago is completing the final stages of the permitting process to enable it to construct its gas sales pipeline
Block Energy counts down to first gas sales from West Rustavi
The company is preparing to start gas production and sales before year-end, meanwhile, amid improving oil prices, some US$570,000 of crude inventory has been sold
Block Energy says it is enthusiastically active as it adds key equipment and a new contractor to Georgia operation
The company is set to boost production, with the addition of gas processing, and it is advancing for new development plans
Block Energy reveals change of Technical Director as Roger McMechan moves to non-executive role
in his place, the group has appointed Ritchie Wayland, a former Group Exploration Manager of JKX Oil & Gas PLC as its new Technical Manager
Block Energy says it is prepared and remains strong
“We are confident the market will recognise our inherent value and re-rating potential” Block Energy's chairman said
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Malcy's Blog - Oil price, Premier, Block
Block Energy (AIM:BLOE) Cost cutting at Block means a 40% reduction of cash expenditure, currently they have $3.4m and crude stocks worth $470,000 depending what time it is but it’s not for sale now. The company are shutting-in WR-16aZ and
Block Energy moves to protect business and future production
“With the implementation of the measures announced today, we have made our business significantly more sustainable, as well as conserving our hydrocarbon assets for the future”
Block Energy acquires Schlumberger assets in Georgia without upfront payments
Schlumberger gets options over a 23% stake in Block Energy in return for “Georgia's most productive block”
Block Energy’s latest sidetrack flows 550 boepd in tests, kicks off WR-51Z drilling
“WR-38Z promises to be a pivotal well for Block,” said chief executive Paul Haywood
Block Energy says WR-38Z well is flowing naturally, ready for production testing
“We look forward to updating the market on the results from the multi-rate production test," Paul Haywood said.
Block Energy completes second sidetrack well at West Rustavi in Georgia
WR-38Z is the second in the multi-well programme underway at West Rustavi.
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Proactive news snapshot: Block Energy, Sareum Holdings, Argo Blockchain, Bango …
A glance at some of the day's highlights from the Proactive Investors newswire
Block Energy ties up sales agreement for gas in Georgia
“West Rustavi is the site of multiple historic gas discoveries, which we will test in the course of our work programme"
Block Energy takes significant step in West Rustavi well sidetrack
"The successful cementing of WR-38Z's seven inch casing is a significant step in the sidetracking of the well,” said Paul Haywood, Block Energy chief executive.
Block Energy continues to advance well programmes at West Rustavi
“We have a fully funded five well drilling programme in the months ahead, providing our investors multiple, near-term value creating opportunities.”
Block Energy updates on West Rustavi’s multi-well programme
"Encouragingly, the WR-16aZ appraisal well has proved the productivity of the Middle Eocene naturally fractured oil reservoir,” said Paul Haywood, Block chief executive.
Block Energy appoints William McAvock as chief financial officer
“We are delighted William is joining the board to lead our finance team at this critical and exciting time for the company,” said Philip Dimmock, Block chairman.
Block Energy prepares for next West Rustavi sidetrack well
It will be the second sidetrack in a potential programme of five wells.
Block Energy begins preparation for second well at West Rustavi
Block last month took full control of West Rustavi, which has an estimated 900,000 barrels of 2P oil reserves
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There were some significant deals for small cap energy companies this week
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Proactive news snapshot: Shield Therapeutics, Block Energy, AFC Energy...
A glance at some of the day's highlights from the Proactive Investors newswire
Block Energy brings impressive 16aZ well into production at West Rustavi
“With the resumption of production at well 16aZ our fully-funded back-to-back multi-well drilling programme continues to gather momentum,” Paul Haywood said.
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A look back at some of the top news from London’s oilers over the past week…
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A glance at some of the day's highlights from the Proactive Investors newswire
Block Energy takes full control of West Rustavi asset in Georgia
The Aim-listed company paid Georgia Oil and Gas US$750,000 in cash and shares for the additional interest in a deal that was flagged in February.
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Proactive weekly oil & gas highlights: Hurricane Energy, Providence Resources, Cabot, TLOU, Eland Oil & Gas, Chariot, Tower Resources, Block Energy, SDX
It was another active week in the small cap oil & gas sector.
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Proactive news snapshot: BlueRock Diamonds, Providence Resources, Integumen
A glance at some of the day's highlights from the Proactive Investors newswire
Block Energy secures equipment for next phase of West Rustavi drilling
Block will pay US$750,000 (equivalent to US$2,055 per day) for 12 months' exclusive use
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Proactive weekly oil and gas highlights: Eco Atlantic, Block Energy, Lekoil, Cadogan Petroleum, AAOG, i3 Energy, Mosman Oil & Gas, Solo Oil, Hurricane Energy
It was another busy week in the junior oil and gas sector.
Investments and investor services
Renalytix AI gets payment code for its lead product
A look at the day's major movers, including Upland Resources, Mosman, Malvern International, Lekoil, AA, Prospex, Frontier Smart and Future
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Proactive news snapshot: Mosman Oil & Gas, OptiBiotix Health, Highlands Natural Resources …
A glance at some of the day's highlights from the Proactive Investors newswire
Block Energy to ramp up Georgia production after oil storage capacity deal
“We can now allow well 16aZ to flow to its full potential"
Investments and investor services
FTSE 100 closes higher as global markets buoyed by US, China talks
The UK's premier share index closed around 73 points higher at 7,499, while FTSE 250 was also up - around 170 points to 19,632
Sunrise Resources exits Block Energy after spectacular year for oiler
Money raised will be used on the CS Pozzolan-Perlite Project in Nevada
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A glance at some of the day's highlights from the Proactive Investors newswire
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Proactive weekly oil & gas highlights: Block Energy, Hurricane Energy, SDX Energy ...
Funding news, project updates and financial results all featured in a busier week for the sector.
Gaming Realms surges after striking deal with SG Digital
A look at the day's major movers, including RA International, Genus, LiDCO, Just Group, Yu Group and Thomas Cook
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Proactive news snapshot: Gaming Realms, Sareum Holdings, Anglo Asian Mining …
A glance at some of the day's highlights from the Proactive Investors newswire
Block Energy raises £12mln to fund accelerated project development in Georgia
Following on from recent well success the company now intends to step-up drilling in Georgia
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Small cap movers: Online Blockchain taps gamers in bid to boost Bitcoin mining profits
A look back at some of the more interesting stories from the junior market over the past week
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Proactive weekly oil and gas highlights: Hurricane Energy, Block Energy, Columbus Energy, 88 Energy ...
It was a short but busy week, for the oil and gas sector.
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Zoo Digital mauled as it warns of break-even second half
A look at some of the biggest risers and fallers in London on Wednesday
Block Energy jumps as it says ongoing production validates expectation-beating well result
At present rates, which are constrained by surface capacity, the well will be throwing off US$1mln of cash per month
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FTSE 100 closes near break-even as traders fear China growth may be unsustainable
On Wall Street, stocks were in the red at the time of writing despite positive Chinese data and a batch of positive earnings reports
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Proactive oil and gas weekly highlights: Eco Atlantic, Chariot Oil & Gas, Block Energy, Sound, Mosman, Jersey Oil and Gas
It was another eventful week in the small cap oil and gas sector.
Investments and investor services
Versarien boosted by completion of Graphene Council's "Verified Graphene Producer" programme
A look at the day's major movers, including Edenville Energy, Beowulf, Panthera Resources, Management Resource Solutions, Independent Oil & Gas, Block Energy, Highlands Natural Resources and Reabold Resources
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Proactive news snapshot: Iofina, Circassia Pharma, Directa Plus, Instem …
A glance at some of the day's highlights from the Proactive Investors newswire
Block Energy’s expectation-beating result puts West Rustavi well among Georgia’s best
The initial test rate for the sidetrack well was more than three times better than Block's 325 bopd target
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Aukett Swanke subsides after downbeat AGM statement
A look at the day's major movers, including Ironveld, Brave Bison, Pebble Beach, Zanaga, Debenhams, 7digital and Diurnal
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Proactive news snapshot: Europa Metals, Ceres Power, Arix Bioscience, Hurricane Energy …
A glance at some of the day's highlights from the Proactive Investors newswire
Block Energy making “excellent progress” as testing at West Rustavi continues
Block is targeting 325 bopd from well 16a at its flagship West Rustavi field, while it is also closing in on breakeven production at Norio
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Proactive news snapshot: OptiBiotix Health, Touchstone Exploration, Silence Therapeutics …
A glance at some of the day's highlights from the Proactive Investors newswire
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Proactive’s weekly oil & gas highlights: Solo Oil, Sound, Eland, Block Energy, Union Jack Oil, 88 Energy, Eco Atlantic, Hurricane Energy
It was another active week in the junior oil and gas sector with project updates, strategy reviews and financial results.
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Proactive news snapshot: Motif Bio, Bluejay Mining, 88 Energy, Scancell …
A glance at some of the day's highlights from the Proactive Investors newswire
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SimplyBiz boosted by agreement to acquire financial adviser Defaqto
A look at the day's biggest risers and fallers including SimplyBiz, Motif Bio, and Amphion
Block Energy confirms significant oil and gas shows as West Rustavi sidetrack drilling completes
The new sidetrack well aims to deliver production of 325 bopd, which would be very significant for Block's growing business in Georgia
Gooch & House on the march after contract win
A look at the day's major movers, including Modern Water, Dev Clever, Red Emperor, 88 Energy, Pantheon Resources, Manx Telecom and Burford Capital
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Proactive news snapshot: Tlou Energy, StatPro Group, Franchise Brands, Erris Resources …
A glance at some of the day's highlights from the Proactive Investors newswire
FTSE 100 closes marginally higher ahead of next Parliamentary vote on Brexit
The January US Durable Goods Orders and Shipments Report showed that business equipment investment got off to a sluggish start this year, Berenberg Capital Markets noted
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Proactive weekly oil and gas highlights: 88 Energy, United Oil & Gas, Sound Energy, Victoria Oil & Gas ...
Well updates and takeover talk provided some of the week's biggest stories.