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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: 3.5025 GBX

AIM:BLOE
Market: AIM
Market Cap: £13.81 m
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Block Energy's Paul Haywood explains recent share sales and updates on...

Block Energy's (LON:BLOE) Paul Haywood discusses the recent selling of shares by one of its main investors - Amati Global Investors. He also updates on the current drilling at Well 51 and the status of well 38. ''We've since finished that test [on 38] and are now bringing that well back...

6 days, 7 hours ago

2 min read