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Block Energy CEO on oil storage deal and upcoming work programme

Block Energy PLC (LON:BLOE) CEO Paul Haywood spoke to Proactive London's Andrew Scott soon after announcing a substantial oil storage leasing agreement they've negotiated that will enable them to re-start production from its West Rustavi field in Georgia.

The agreement gives Block access to 90,000 barrels of storage capacity just 30km away at state oil group GOGC's main facility near Sartichala.

Quick facts: Block Energy PLC

Price: 5.45 GBX

Market: AIM
Market Cap: £21.45 m

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