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Block Energy PLC

Block Energy CEO details West Rustavi production as they focus on executing plan in Georgia

Block Energy PLC's (LON:BLOE) Paul Haywood caught up with Proactive London's Andrew Scott after announcing production has resumed at the West Rustavi field, with the 16aZ well now online.

Haywood says bringing the well back online took a bit of time due to agreeing contracts with the State on leasing their storage and separation facilities.

He also adds detail around current production rates at the well and plans for the 38z well, which is seen as analogous to 16aZ. 

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Price: £0.07

Market: AIM
Market Cap: £26.37 m
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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

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