viewBlock Energy PLC

Block Energy reveals change of Technical Director as Roger McMechan moves to non-executive role

in his place, the group has appointed Ritchie Wayland, a former Group Exploration Manager of JKX Oil & Gas PLC as its new Technical Manager


Block Energy PLC (LON:BLOE), the exploration and production company focused on Georgia, has said its current Technical Director, Roger McMechan has stepped back from his executive position to pursue his other interests with effect from June 3, 2020.

However, it added, McMechan will continue on the board as a non-executive director, enabling the company to utilise his petroleum engineering expertise and detailed knowledge of its assets as Block Energy prepares to restart oil production and initiate gas production at its West Rustavi field.

READ: Block Energy says it is prepared and remains strong

The company said that, in his place, it has appointed Ritchie Wayland, a former Group Exploration Manager of JKX Oil & Gas PLC (LON:JKX), as its new Technical Manager.

At JKX, Block Energy pointed out, Wayland rationalised the existing exploration portfolio and completed deals to acquire new acreage, he also managed 3D seismic acquisition and drilling programmes, and latterly, as Managing Director Hungary, he led the team that redeveloped and operated the Hajdúnánás field.

It noted that Wayland, who holds a Master's degree in petroleum geology from Imperial College London, started his career with Schlumberger, working as a wellsite logging engineer in the Middle East, North Africa, the Caribbean and Australia.

On leaving Imperial College and BP, he joined Phillips Petroleum, to work in the UK and West Africa, initially as a project geologist before leading sub-surface teams, where he specialised in the development of team performance by integrating the contributions of commercial, operations and subsurface staff to successfully discover and develop several new fields.

In a statement, Block Energy’s CEO Paul Haywood commented: "Roger has already made an important contribution to Block Energy as Technical Director, and we are delighted that he has agreed to stay on in a non-executive role, so that we can continue to benefit from his expertise and valuable knowledge of the Company's assets.

“Additionally, we are pleased to have Ritchie Wayland join the Company. His extensive experience in asset management and field development will further enhance our technical team and support Block's future growth plans."

Quick facts: Block Energy PLC

Price: 3.675 GBX

Market: AIM
Market Cap: £16.1 m

Add related topics to MyProactive

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


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...


Market report: FTSE's festive cheer after lockdown measures get set to ease

FTSE 100 moved higher on the good vaccine news yesterday and the round of UK lockdown easing measures confirmed last night by the prime minister. The blue-chip index added 38 to 6,372.   Not everyone was happy with new tiered lockdown system and Boris Johnson was accused of killing...

3 days, 1 hour ago

2 min read