Block Energy PLC - the exploration & production company based in London - Says construction of its gathering line between the early production facility and the WR-38Z well, on the West Rustavi oil & gas field, onshore Georgia, has been completed on time and on budget. The early production facility is now ready to receive gas from wells WR-16aZ and WR-38Z, which will remain shut-in to conserve gas until the gas sales line has been constructed and gas sales can commence.
Current stock price: up 21% at 3.70 pence each
Year-to-date change: down 31%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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