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LON:BLOE

Block Energy PLC

Market:
LON
Market Cap:
£20.27 m
Price
5.15 GBX
Change
-0.96%
52 weeks high
17.50
52 weeks low
2.10

In brief

Block Energy is an AIM-listed asset-backed revenue generative junior oil and gas company aiming to capitalise on first mover advantage to build the largest independent producer in Georgia, a proven but underdeveloped oil producing nation increasingly on the radar of the majors. Schlumberger, the world’s largest oilfield services provider, recently acquired a strategic position in the country. Block Energy is listed on the AIM market as BLOE.

Led by a management team with unrivalled experience and contacts in Georgia and the wider region, Block Energy is at the right address in the right country at the right time.

Snapshot

  • Owns oil and gas assets in Georgia
  • A sidetrack at West Rustavi among best wells yet in Georgia
  • Second sidetrack underway at West Rustavi