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Oil Capital

Block Energy begins trading on AIM amid plans to enhance production

Block Energy Plc's (LON:BLOE) Paul Haywood tells Proactive that the company holds three licenses in the country of Georgia, an area that is starting to appear on the radar of several oil majors.

Haywood adds that the firm, whose shares have just begun trading on AIM, is currently producing around 20 barrels of oil per day of light crude, with an immediate plan to enhance existing production through a work programme expected to start within the next few months.

 

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