RE: Q1 results17 Apr 2023 10:57
Comment from Zak
Block Energy (BLOE), the exploration and production company focused on Georgia, announced its operations update for the three months ended 31 March 2023. The company said the first quarter of 2023 saw a robust start to the year. The company continued to deliver on its successful drilling and asset development programme, with the results of WR-B01Za leading to record group production levels being realised outside this reporting period.
Comment: Shares of BLOE have doubled since the start of April, and it should be the case that unlike previous recoveries, we see the stock sustain the rebound off the back of its recent operation / production progress.