logo-loader
viewBlock Energy PLC

Block Energy 'days away' from start of major horizontal side-track at West Rustavi

Paul Haywood, director of Block Energy Plc (LON:BLOE), updates Proactive London's Andrew Scott on the sidetrack operations at the West Rustavi field, in the existing 16a wellbore.

It's the first of an initial two well programme there as Block aims to increase production up to 650 barrels of oil per day by the end of the first half.

The drilling follows a successful oil test in December which confirmed it is in an active hydrocarbon system, and, the previously producing reservoir retains reserves and is still pressurised.

Haywood describes the sidetrack as a “high impact well” for the company.

Quick facts: Block Energy PLC

Price: 5 GBX

AIM:BLOE
Market: AIM
Market Cap: £19.68 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Block Energy PLC named herein, including the promotion by the Company of Block Energy PLC in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Investor Update: SIMEC Atlantis chosen for demo project in Japan

Headlines from the Proactive UK newsroom. SIMEC Atlantis Energy (LON:SAE) has been chosen to supply tidal generation equipment and offshore construction services for a demonstration project in Japan. The project is located in the straits of Naru Island.  Block Energy (LON:BLOE) has...

3 weeks, 1 day ago

RNS

Holding(s) in Company

3 weeks ago

Result of AGM and Board Change

3 weeks, 1 day ago

AGM Presentation

3 weeks, 1 day ago

Operations Update

3 weeks, 1 day ago

Gas Sales Agreement

3 weeks, 2 days ago

Grant of Options

on 21/10/19

Operations Update

on 21/10/19

2 min read