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.
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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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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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
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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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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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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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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