Company
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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Over the last month of 2018, the firm has reported "highly encouraging" results from one of its legacy wells and clinched an agreement to pioneer the use of downhole perforation technology in Georgia
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A look back at the top news from junior oilers this week
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at the day's maor movers, including Carnival, EKF, Chamberlin, Panthera, NetScientific and Yu Group
Shares in Block Energy were up 5.6% in early deals at 2.85p
"Investors aren’t willing to forgive Fed Chair Jeremy Powell yet; a soft open on Wall Street threatens to drag the FTSE lower into the close," said Fiona Cincotta at City Index
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Recent weak economic data, a general malaise on Brexit and the febrile political environment is now likely to lead to UK policymakers to take more of a ‘wait and see’ approach
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It was another busy week in the junior oil and gas space
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Aside from the UK and US rate decisions, the latest UK inflation and retail data will be closely eyed as well in the absence of almost anything on the corporate diary
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at the day's major movers, including Photonstar, Capita, IHG, GVC, Reach and Balfour Beatty
“The recovery of more than 500 barrels of oil from the legacy vertical wellbore at West Rustavi 16a is highly encouraging and bodes well for our horizontal sidetrack programme."
Investments and investor services
A look at the day's major movers, including RM, MySale, Bilby, MC Mining and Bango
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A glance at some of the day's highlights from the Proactive Investors newswire
The technology, which has not been used in Georgia, promises to significantly enhance recovery rates by facilitating wellbore communication with reservoirs, creating a relatively small horizontal borehole milled through the casing wall then
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The past week brought well updates, new exploration plans, and some positive production reports.
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Wednesday
"After months of planning and preparation we are glad to report that we have undertaken the successful re-entry of three wells at Norio."
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FTSE 250 was also down - closing around 58 points lower at 18,271
