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Pin to quick picksBlock Energy P. Share News (BLOE)

Share Price Information for Block Energy P. (BLOE)

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Share Price: 1.325
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Change: -0.15 (-10.17%)
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Open: 1.475
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Block Energy aims for 900bopd after "excellent" production results at new well

Mon, 14th Jan 2019 16:09

(Sharecast News) - Georgia-focussed oil and gas company Block Energy lauded its "excellent" initial production results from well-44 on its Norio Field, on Monday.The AIM traded company's well flowed at a rate of 45 barrels per day over a five-hour period, making for "highly encouraging" progress towards a targeted 25-fold increase in production at the field, with 250 bopd aimed for by the end of the first quarter.Paul Haywood, chief executive of Block Energy, said: "We're delighted to announce such an excellent initial recovery at Norio as we work towards our target of producing 250 bopd from the field by the end of H1 2019. If production results continue to be positive we look forward to making increasingly effective use of the specialist perforation tool at Norio 44 and three further wells."In addition to the Norio programme, the company is preparing to drill two horizontal sidetracks at wells 16a and 38 on its West Rustavi field, also in Georgia, targeting a combined gross production of 650 barrels of oil per day by the end of the first quarter of 2019.The company is fully-funded to undertake the work programmes at Norio and West Rustavi and subsequently expects to generate £13m of revenue per year, based on present oil prices, outstripping its current £7m market valuation."We look forward to providing further updates, as we press ahead with our strategy to build a leading independent oil and gas company in Georgia, and in the process generate significant value for our shareholders," said Haywood.Block Energy's shares were up 3.58% at 3.47p at 1613 GMT.
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31 Aug 2023 14:43

Block Energy reaches total depth with latest well

(Sharecast News) - Georgia-focussed development and production company Block Energy announced on Thursday that well WR-34Z had reached total depth, and drilling operations had ceased.

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26 Jul 2023 13:22

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

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.

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5 Jul 2023 10:29

Block Energy oil production rises in second quarter

(Alliance News) - Block Energy PLC said on Wednesday that its oil production increased quarter-on-quarter, and announced that Guram Maisuradze had been appointed chief operating officer.

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13 Jun 2023 15:54

UK shareholder meetings calendar - next 7 days

Wednesday 14 June 
abrdn Property Income Trust LtdAGM
abrdn Smaller Companies Income Trust PLCAGM
Andrews Sykes Group PLCAGM
Aquila Energy Efficiency Trust PLCAGM
Aurrigo International PLCAGM
Brave Bison Group PLCAGM
Christie Group PLCAGM
Foresight Solar Fund LtdAGM
IGas Energy PLCAGM
International Consolidated Airlines Group SAAGM
Iofina PLCAGM
James Fisher & Sons PLCAGM
Liberty Global PLCAGM
M&C Saatchi PLCAGM
Octopus Titan VCT PLCAGM
Petards Group PLCAGM
Thursday 15 June 
Amaroq Minerals LtdAGM
Anexo Group PLCAGM
ASA International Group PLCAGM
Baillie Gifford China Growth Trust PLCAGM
Chapel Down Group PLCAGM
Directa Plus PLCAGM
Everyman Media Group PLCAGM
HC Slingsby PLCAGM
Inspecs Group PLCAGM
Informa PLCAGM
IP Group PLCAGM
LBG Media PLCAGM
M&G Credit Income Investment Trust PLCGM re amendment to the company's articles of association
Novacyt SAAGM
OTAQ PLCAGM
Parity Group PLCAGM
PetroTal CorpAGM
Pollen Street PLCAGM
Shaftesbury Capital PLCAGM
Southern Energy CorpAGM
Friday 16 June 
Alpha Growth PLCAGM
Anglo-Eastern Plantations PLCAGM
Gulf Keystone Petroleum LtdAGM
John Lewis of Hungerford PLCGM re proposed cancellation of admission to trading on AIM
Tesco PLCAGM
Woodbois LtdAGM
Monday 19 June 
All ThingsConsidered Group PLCAGM
Blackbird PLCAGM
Finsbury Food Group PLCAGM
Globalworth Real Estate Investments LtdAGM
Marlowe PLCGM re proposed capital reduction
Metals Exploration PLCAGM
Red Rock Resources PLCGM re security conversion into shares for cash
Savannah Resources PLCAGM
Tuesday 20 June 
Acceler8 Ventures PLCAGM
Afentra PLCAGM
Armadale Capital PLCAGM
Bay Capital PLCAGM
Blackrock Smaller Companies Trust PLCAGM
Block Energy PLCAGM
Corero Network Security PLCAGM
Coro Energy PLCAGM
Crimson Tide PLCAGM
Curtis Banks Group PLCAGM
EPE Special Opportunities LtdAGM
ICG-Longbow Senior Secured UK Property Debt Investments LtdAGM
Jersey Oil & Gas PLCAGM
Kore Potash PLCAGM
Lords Group Trading PLCAGM
Mission Group PLCAGM
North Atlantic Smaller Cos Investment Trust PLCAGM
Red Capital PLCAGM
Saga PLCAGM
SDX Energy PLCAGM
Skillcast Group PLCAGM
Zegona Communications PLCAGM
  
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11 May 2023 11:47

Block Energy shares soar as production growth drives yearly revenue

(Alliance News) - Block Energy PLC on Thursday said growth in production and improved oil pricing led its annual double-digit revenue growth.

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17 Apr 2023 16:34

TRADING UPDATES: Anglo Asian gold output down; Faron hails antibody

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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11 Apr 2023 10:50

IN BRIEF: Block Energy shares surge on deal with Georgia ministry

Block Energy PLC - London-based oil and gas exploration and production company focused on Georgia - Signs a deal with the Ministry of Economy & Sustainable Development of Georgia for an undisclosed sum. Says the deal will cover government support and initiatives for the developments of projects I, II, III and IV through "data sharing, cooperation and the facilitation of meetings with national and regional large oil companies".

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11 Apr 2023 10:34

AIM WINNERS & LOSERS: Spectral MD to move Nasdaq in Spac deal

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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6 Apr 2023 15:36

Block Energy pulls pin on Covid salary sacrifice scheme

(Sharecast News) - Georgia-focussed developer and producer Block Energy announced the termination of its salary sacrifice scheme on Thursday, effective from 1 April.

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6 Apr 2023 12:00

LONDON MARKET MIDDAY: FTSE 100 higher ahead of US employment data

(Alliance News) - Stock prices in London were higher at midday on Thursday, as investors cautiously look ahead to a key US labour market reading out this afternoon.

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6 Apr 2023 10:32

AIM WINNERS & LOSERS: Block Energy up as financial position improves

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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6 Apr 2023 10:04

Block Energy ends salary sacrifice as financial position improves

(Alliance News) - Block Energy PLC on Thursday said it terminated its salary sacrifice scheme on Friday last week, as its financial position has improved.

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3 Apr 2023 11:51

Block Energy project performance encouraging amid WR-B01Za results

(Alliance News) - Block Energy PLC said on Monday that Project I continues to perform better than predicted.

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9 Mar 2023 14:29

IN BRIEF: Block Energy jumps on farm-out at licence XIB in Georgia

Block Energy PLC - Georgia-focused oil and gas exploration and production company - Completes farm-out agreement of part of licence XIB with Georgia Oil & Gas Ltd. Block Energy now holds a 50% interest in the new Didi Lilo and South Samgori areas of XIB. Adds that Georgia Oil & Gas have completed the seismic activities agreed under the farm-out agreement.

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28 Feb 2023 14:33

TRADING UPDATES: Celsius hails MCB assays; Brandshield revenue rises

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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