Block Energy PLC - Appointment of New Broker
Block Energy Plc
("Block" or the "Company")
Appointment of New Broker
Block Energy Plc, the development and production company focused on
For further information please visit http://www.blockenergy.co.uk/ or contact:
(Chief Executive Officer)
Block Energy Plc
Tel: +44 (0)20 3468 9891
Spark Advisory Partners Limited
Tel: +44 (0)20 3368 3554
Tel: +44 (0)20 7186 9030
Tel: +44 (0)20 3757 4980
Notes to editors
Block Energy plc is an AIM-listed independent oil and gas company focused on production and development in
Block has a 100% working interest in Georgian onshore licence blocks IX and XIB. Licence block XIB is
The Company has a 100% working interest in the highly prospective West Rustavi onshore oil and gas field with multiple wells that have tested oil and gas from a range of geological horizons. The field has so far produced 50 Mbbls of light sweet crude and has 0.9 MMbbls of gross 2P oil reserves in the Middle Eocene. It also has 38 MMbbls of gross unrisked 2C contingent resources of oil and 608 BCF of gross unrisked 2C contingent resources of gas in the Middle, Upper and Lower Eocene formations (Source: CPR Gustavson Associates:
Block also holds 100% and 90% working interests respectively in the onshore oil producing Norio and Satskhenisi fields.
The Company offers a clear entry point for investors to gain exposure to
1. bbls: barrels. A barrel is 35 imperial gallons.
2. boe: barrels of oil equivalent.
3. bopd: barrels of oil per day.
4. Mbbls: thousand barrels.
5. MMbbls: million barrels.
6. MMCF/d: million cubic feet per day.
7. BCF: billion cubic feet.
Quick facts: Block Energy PLC
Market Cap: -
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