Block Energy PLC

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: £0.07

Market: AIM
Market Cap: £26.37 m


Non-exec Chris Brown explains Block Energy's upcoming exploration at West...

Chris Brown, industry veteran and non-executive director at Block Energy PLC (LON:BLOE), explains the thinking and aims of the upcoming drill programme at West Rustavi in Georgia. Georgia is an amazing geological structure, he explains to Proactive,  but unlike more uniform structures it...

6 days, 15 hours ago

2 min read