Block Energy Plc

Equities

BLOE

GB00BF3TBT48

Oil & Gas Exploration and Production

Delayed London S.E. Other stock markets 08:15:42 2024-04-29 am EDT			5-day change	1st Jan Change
1.795 ^GBX	-0.28%		+19.67%	+52.77%

Mar. 04	EARNINGS AND TRADING: Macau NAV falls; SolGold inks Cascabel deal	AN
Mar. 04	Block Energy plc Announces Upgraded Internal Resource Estimates for Rustavi and Teleti Fields	CI

Block Energy announces spud of WR-34Z well in West Rustavi

July 26, 2023 at 08:24 am EDT

Block Energy PLC - London-based oil and gas exploration and production company which operates the West Rustavi, Norio and Satshenisi oil fields in Georgia - Announces spud of development well WR-34Z in West Rustavi. Says well forms part of the development of 3.01 million barrels of oil gross 3P reserves, with a net present value of USD57.0 million.

Current stock price: 1.23 pence, down 5.3% on Wednesday

12-month change: down 15%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BRENT CRUDE OIL SPOT	87.71 USD	+0.23%	+0.91%	-
WTI	83.11 USD	+0.10%	+1.44%	-
BLOCK ENERGY PLC	1.795 GBX	-0.28%	+19.67%	14.54M

Latest news about Block Energy Plc

EARNINGS AND TRADING: Macau NAV falls; SolGold inks Cascabel deal	Mar. 04	AN
Block Energy plc Announces Upgraded Internal Resource Estimates for Rustavi and Teleti Fields	Mar. 04	CI
Block Energy appoints advisors for Project III farm-out	Feb. 12	AN
Block Energy Begins Farm-out Process for Georgia Project	Feb. 12	MT
Golden Metal eyes garnet, Xtract makes JV progress	Feb. 08	AN
Block Energy's Report Shows Significant Gas Resources in Oil Fields in Georgia	Feb. 08	MT
Block Energy says study confirms prospectivity of Block XIB	Jan. 16	AN
Block Energy expects "busy" new year as eyes farm-out	Dec. 22	AN
Symphony International net asset value falls	Dec. 12	AN
Block Energy shares down as quarterly oil production falls	23-10-12	AN
EARNINGS AND TRADING: Block Energy swings to loss on lower oil prices	23-10-03	AN
Block Energy Plc Announces Sales Results for the Six Months Ended June 30, 2023	23-09-29	CI
Block Energy plc Reports Production Results for the Six Months Ended 30 June 2023	23-09-29	CI
Block Energy Plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-29	CI
Block Energy notes successful WR-34Z well test in Georgia	23-09-26	AN
Block Energy plc Provides an Update on the Well Test of Wr-34Z	23-09-26	CI
Infrastructure India extends maturity dates on debt	23-08-31	AN
UK's Block Energy Completes Drilling Operations at WR-34Z Well in Georgia	23-08-31	MT
Block Energy plc Announces Completion of Drilling Operations on Well WR-34Z	23-08-31	CI
Block Energy announces spud of WR-34Z well in West Rustavi	23-07-26	AN
Block Energy plc Announces Spud of Wr-34Z	23-07-26	CI
FTSE 100 Closes Down 1% on Fears of Hawkish Fed	23-07-05	DJ
Falling UK Inflation Trend Could Weaken Sterling	23-07-05	DJ
UK Wage Growth Likely to Force Further BOE Hikes	23-07-05	DJ
Block Energy oil production rises in second quarter	23-07-05	AN

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Company Profile

Block Energy Plc is an independent oil and gas production and development company focused on fields in Georgia. The Companyâs projects include Blocks XI B & IX, West Rustavi, Norio, and Satskhenisi. The Company is engaged in the evaluation and development of natural gas resources throughout the Eocene in Blocks XIF and XIB. Block XIB (about 615 square kilometers) is a productive block, with over 180 million bbls of oil produced from the Middle Eocene. Exploration Block IX has about 38 wells with two drilled wells with oil and gas shows. West Rustavi onshore oil and gas field covers approximately 36.5 square kilometers (km2) with multiple wells. Norio onshore oil field is located approximately 35 kilometers (km) from the center of Tbilisi. Satskhenisi onshore oil field produces from the Maikop and shallow Sarmatian lithologies. The Company's segments include Oil Extraction and Corporate and other. The Company has an operations subsidiary in Georgia, Block Operating Company LLC (BOC).

Sector

Oil & Gas Exploration and Production

Calendar

2024-05-27 - Q4 2023 Earnings Release (Projected)

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Sector Other Oil & Gas Exploration and Production

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