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Block Energy P. Information
Share Price Information for Block Energy P. (BLOE)
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Share Price:
1.225
Bid:
1.15
Ask:
1.30
Change:
-0.10 (-7.55%)
Spread:
0.15 (13.043%)
Open:
1.325
High:
1.325
Low:
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Prev. Close:
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Don't have an account? Click here to register.Block Energy launches two-well sidetracking programme
Wed, 23rd Jan 2019 16:00
(Sharecast News) - Block Energy rose on Wednesday after beginning sidetrack operations in the existing 16a wellbore at its West Rustavi field in the Republic of Georgia.The works on 16a are part of an initial two-well horizontal sidetrack drilling programme at which the company is targeting combined gross production of 650 barrels of oil per day (bopd) from the proven Middle Eocene formation before the end of June.Works follow December tests that retrieved over 200 barrels in the space of 10 hours from the previously producing reservoir, confirming that it is still an active hydrocarbon system and remains pressurised.Paul Haywood, chief executive of Block, said: "With gross contingent resources of 38 MMbbls of oil, a total of six historic wells identified as suitable candidates for sidetracking, and a legacy gas discovery, the potential for West Rustavi to generate significant cash flow and value for Block is clear."Block currently holds a 25% working interest in West Rustavi, which has an estimated 38 MMbbls of gross contingent resources of oil, according to a report from Gustavson Associates, and stands to increase its interest to 75% upon completion of the two-well sidetrack programme as part of an agreed earn-in.The AIM traded company said that four other wells have been identified at West Rustavi offering similar opportunities for re-entry and sidetracking."With back-to-back drilling planned at West Rustavi and multi-well workovers underway at Norio, we expect the strong momentum behind the company to continue as we focus on hitting our H1 2019 target of 900 bopd," said Haywood.In a statement, the company also announced the departure of finance director Serina Bierer, who is stepping down with immediate effect "to concentrate on her other work interests" after giving "a significant contribution" to the company's IPO and annual report.Block Energy's shares were up 4.18% at 3.49p at 1622 GMT.
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13 Sep 2022 17:55
IN BRIEF: Block Energy Chief Financial Officer McAvock to resign
Block Energy PLC - London-based oil and gas company focused in Georgia - Chief Financial Officer William McAvock will resign with effect on September 30, as part of the company's aim to make the position redundant in order to improve efficiency.
Read more5 Sep 2022 11:07
AIM WINNERS & LOSERS: Avacta gets approval; Jubilee's Roan at capacity
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.
Read more5 Sep 2022 10:46
Block Energy shares up as starts drilling at Georgian JSR-01DEEP well
(Alliance News) - Block Energy PLC on Monday said it started drilling at JSR-01DEEP in Georgia, about 26 miles to the east of the nation's capital Tbilisi.
Read more1 Aug 2022 21:18
Block Energy notes CPR supports future West Rustavi field activity
Block Energy PLC - London-based oil and gas company focused in Georgia - Results from Competent Person's Report covering the Krtsanisi Anticline of the West Rustavi and Krtsanisi oil field, are in support of Block's sub-surface studies, and provides the basis to seek development financing for the next five wells of project I, the development of the Middle Eocene oil reservoir.
Read more27 Jul 2022 16:11
UK shareholder meetings calendar - next 7 days
| Thursday 28 July | |
| B&M European Value Retail SA | AGM |
| Braemar Shipping Services PLC | AGM |
| CMC Markets PLC | AGM |
| CMC Markets PLC | GM re proposed related party transaction |
| CYBA PLC | AGM |
| De La Rue PLC | AGM |
| discoverIE Group PLC | AGM |
| Eight Capital Partners PLC | AGM |
| Eurasia Mining PLC | AGM |
| GB Group PLC | AGM |
| Global Smaller Companies Trust PLC | AGM |
| Graft Polymer (UK) PLC | AGM |
| Ingenta PLC | AGM |
| Mediclinic International PLC | AGM |
| Octopus Renewables Infrastructure Trust PLC | GM re investing in offshore wind farms in core focus |
| Oxford Instruments PLC | AGM |
| RentGuarantor Holdings PLC | AGM |
| Tate & Lyle PLC | AGM |
| Ted Baker PLC | AGM |
| Friday 29 July | |
| Eneraqua Technologies PLC | AGM |
| Global Ports Holding PLC | GM re elections of Ajini and Iosifakis as directors |
| Palace Capital PLC | AGM |
| ProCook Group PLC | AGM |
| Record PLC | AGM |
| Rogue Baron PLC | AGM |
| Sirius Real Estate Ltd | AGM |
| Standard Chartered PLC | GM re approving HY announcement, interim dividend |
| Monday 1 August | |
| Cranswick PLC | AGM |
| Tuesday 2 August | |
| Caffyns PLC | AGM |
| Syncona Ltd | AGM |
| Tanfield Group PLC | AGM |
| Wednesday 3 August | |
| Block Energy PLC | AGM |
| Molten Ventures PLC | AGM |
| Cambium Global Timberland Ltd | GM re wind-up |
| John Wood Group PLC | GM re Built Environment sale |
| Sequoia Economic Infrastructure Income Fund Ltd | AGM |
| Edenville Energy PLC | AGM |
| RiverFort Global Opportunities PLC | AGM |
| Conduity Capital PLC | AGM |
| Scirocco Energy PLC | AGM |
| D4t4 Solutions PLC | AGM |
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26 Jul 2022 15:17
TRADING UPDATES: Lords, Personal revenue up; Block Energy drills well
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Read more12 Jul 2022 11:36
Block Energy secures licensing rights of Block XI until 2043
(Alliance News) - Block Energy PLC on Tuesday said it has received confirmation from Georgia's State Agency of Oil & Gas that it has completed the minimum work programme in the production sharing contract for Block XI.
Read more11 Jul 2022 15:52
IN BRIEF: Block Energy revenue falls despite higher production
Block Energy PLC - London-based oil and gas company focused in Georgia - Reports "strong and consistent" second quarter performance in 2022 with average production of 519 barrels of oil equivalent per day, up from 512 boepd in the previous quarter. Revenue, however, falls to USD2.2 million from USD2.4 million. Adds that the preparations for a five-well development plan are complete and ready for execution.
Read more1 Jul 2022 11:44
Block Energy loss narrows; targets production increase in year ahead
(Alliance News) - Block Energy PLC on Friday reported a narrowed loss as it plans to step up production.
Read more8 Apr 2022 21:57
TRADING UPDATES: Block Energy ups production; SEEEN wins new customers
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read more24 Feb 2022 21:57
TRADING UPDATES: Enwell shuts down operations; i3 ups oil production
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read more24 Jan 2022 11:26
AIM WINNERS & LOSERS: Touchstar rises on outlook; Advance Energy sinks
AIM WINNERS & LOSERS: Touchstar rises on outlook; Advance Energy sinks
Read more24 Jan 2022 10:35
Block Energy rises on success of JKT-01Z well testing in Georgia
Block Energy rises on success of JKT-01Z well testing in Georgia
Read more11 Jan 2022 11:26
Block Energy jumps following sharp fourth-quarter revenue rise
Block Energy jumps following sharp fourth-quarter revenue rise
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