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Share Price: 1.475

Bid: 1.35

Ask: 1.60

Change: 0.15 (11.32%)

Spread: 0.25 (18.519%)

Open: 1.35

High: 1.475

Low: 1.475

Prev. Close: 1.325

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

Wed, 26th Jul 2023 13:22

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

More News

5 Oct 2018 09:20

Block Energy Signs Preliminary Gas Offtake Agreement In Georgia

LONDON (Alliance News) - Georgia-focused Block Energy PLC said Friday it has signed a memorandum of understanding for a gas offtake agreement in the country.The memorandum, signed with gas

2 Oct 2018 11:29

Block Energy Appoints Christopher Brown As Non-Executive Director

LONDON (Alliance News) - Block Energy PLC said Tuesday it appointed Chris Brown as non-executive director of the company with immediate effect.Brown is currently a director at Montblanc Oil

24 Sep 2018 12:12

Block Energy Signs Deal For Equipment To Start Georgian Work Programme

LONDON (Alliance News) - Block Energy PLC on Monday said it can get started on drilling work in Georgia after signing contracts for equipment.Block has agreed contracts with Georgian JSC Co

10 Sep 2018 12:58

Block Energy Agrees To Hire Drilling And Workover Rigs From JSC Norio

LONDON (Alliance News) - Oil & gas company Block Energy PLC on Monday said it has signed a memorandum of understanding with JSC Norio Oil Co for the hire of two rigs.The non-binding see

28 Aug 2018 12:40

Georgian Government Approves Block Energy Production Sharing Deal

LONDON (Alliance News) - Exploration and production firm Block Energy PLC said on Tuesday the Georgian government has accepted the terms of its West Rustavi production sharing Energy has a 25% in

28 Aug 2018 11:17

Georgian government accepts Block Energy's terms for West Rustavi

(Sharecast News) - Exploration and production company Block Energy announced on Tuesday that the production sharing contract (PSC) terms for its West Rustavi licence have been accepted by the government of the Republic of Georgia.

23 Aug 2018 12:29

Block Energy On Track For First Phase Of Production Scale Up Programme

LONDON (Alliance News) - Block Energy PLC said Thursday it is on track to start the first phase of its production scale up programme in the "near term".The Georgia-focused & a

23 Aug 2018 09:04

Block Energy makes solid progress following June IPO

(Sharecast News) - Georgia-focussed exploration and production company Block Energy announced an operations update from its Norio licence, where it has a 100% working interest; Satskhenisi licence, where it has a 90% working interest; and the West Rustavi permit, where it has a 25% working interest, on Thursday.

18 Jun 2018 17:48

Miton Group Raises Stake In Block Energy To 9.2% After Transaction (ALLISS)

LONDON (Alliance News) - Block Energy PLC said Monday investment management company Miton Group PLC had increased its stake in the oil & gas exploration company to 9.2% after a transaction on

12 Jun 2018 18:13

Amati AIM VCT Increases Stake In Block Energy To 15% (ALLISS)

LONDON (Alliance News) - Block Energy PLC said Tuesday that Amati AIM VCT PLC had increased its stake in the oil & gas company to 15% after a transaction on Monday.Amati raised its to

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

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