Last checked at 20 Dec 2018 16:33
Block Energy Plc / Index: AIM / Epic: BLOE.L / Sector: Oil and Gas
20 December 2018
Block Energy Plc ("the Company", "Block" or "the Group")
Result of AGM
Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to announce that at the Company's Annual General Meeting, held earlier today, all resolutions were duly passed.
**ENDS**
For further information visit www.blockenergy.co.uk or contact:
Paul Haywood Chief Executive Officer | Block Energy Plc | Tel: +44 (0) 20 3053 3631 |
Neil Baldwin (Nominated Adviser) | Spark Advisory Partners Limited | Tel: +44 (0) 203 368 3554 |
Craig Fraser (Joint Corporate Broker) | Baden Hill, a trading name of Northland Capital Partners ltd. | Tel: +44 (0) 20 7933 8731 |
Colin Rowbury (Joint Corporate Broker) | Novum Securities Ltd | Tel: +44 (0)207 399 9427 |
Frank Buhagiar / Juliet Earl (Financial PR) | St Brides Partners Ltd | Tel: +44 (0) 20 7236 1177 |
Notes:
Block Energy (BLOE.L) is an AIM quoted oil and gas company with a growing portfolio of production, development and exploration assets in the Republic of Georgia. Block holds a 100% Working Interest ('WI') in the producing Norio licence, a 90% WI in the producing Satskhenisi licence and a 25% WI in the West Rustavi licence with the right to farm-in to up to a 75% WI. Block's three licences lie in the heart of Schlumberger's 100% held position in the Kura basin, which at its peak produced circa 70,000 bopd in Georgia and is estimated to hold over seven billion barrels of proven reserves in Azerbaijan and North Caucasus (Russia).