RNS Number: 8918 F Block Energy PLC 17 July 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 5596 F Block Energy PLC 15 July 2019 TR-1: Standard form for notification of major holdings- Replacement. The TR-1: Standard form for notification of major holdings announcement released on 15/07/2019 under RNS No 5216 F has been amended.. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 5216 F Block Energy PLC 15 July 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Block Energy Plc (BLOE.L) Announced that it has increased its working interest (WI) in the West Rustavi licence from 71.5% to 100%, further to an agreement reached with Georgia Oil and Gas Limited on 26 February 2019.
Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to announce it has increased its working interest in the West Rustavi licence from 71.5% to 100%, further to an agreement reached with Georgia Oil and Gas Limited on 26 February 2019. In accordance with the Agreement, Block has paid US $250,000 in cash and...
Block Energy Plc (BLOE.L) Announced that it has been secured for the Company's 2019/2020 back-to-back drilling programme. This includes multiple high-impact horizontal sidetracks at the West Rustavi licence where exceptional production test rates of at least 1,100 bbl/d have been achieved from the 16aZ well, more than three times pre-drill expectations. Earlier this week, the Company announced it had entered into an oil storage agreement allowing oil production at well 16aZ to restart (RNS: supporting a significant increase in production. The Agreements ('the Agreements') have been reached with JSC Norio Oil Company ('JSC NOC'), a Georgian drilling contractor, and Georgia Oil and Gas Ltd ('GOG'), a British Virgin Islands company and owner of drilling equipment in the Republic of Georgia. Block will pay JSC NOC and GOG a total of US$750,000 (equivalent to US$2,055 per day) for 12 months' exclusive use of a ZJ40 drilling rig, an A50 workover rig and an extensive inventory of drilling and workover-related equipment. This is the same equipment used to successfully drill well 16aZ. Additonally, Block will hire a high-resolution flow meter from GOG to aid in the identification of natural fractures during drilling operations for a cost of up to US$100,000. The Agreements supersede the previous contracts Block entered with JSC NOC and GOG last September (RNS: https://bit.ly/2XqFazy), which expired during April 2019. In addition to well 16aZ, the programme includes the horizontal sidetracking of four other West Rustavi wells targeting historic oil and gas discoveries.
Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to announce that drilling and workover equipment has been secured for the Company's 2019/ 2020 back-to-back drilling programme. Highlights· The Agreements have been reached with JSC Norio Oil Company, a Georgian drilling contractor, and Georgia Oil and Gas...
Block Energy Plc announces that it has today allotted 375,000 new ordinary shares of 0.25 pence each in the Company pursuant to the exercise of a warrant. The warrant exercised had an exercise price of 4 pence, and amounts in aggregate to £15,000. Block Energy is an AIM quoted oil and gas company with a growing portfolio of production, development and...
Block Energy Block has agreed oil storage facilities with the GOGC, the state owned oil and gas company which will allow them to restart production in seven days at the West Rustavi field. Block can store up to 90,000 barrels on site and whilst they havent given a production rate expected from West Rustavi yet I’m sure they will notify the market that milestone. The sidetrack programme and 3D seismic work can now also begin.
Block Energy Plc (BLOE.L) Announced that it has entered into an oil storage leasing agreement with Georgian Oil and Gas Corporation, the state-owned national oil company of Georgia, that will allow oil production to restart in approximately 7 days, at the company's West Rustavi field.
Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to announce it has entered into an oil storage leasing agreement with Georgian Oil and Gas Corporation, the state-owned national oil company of Georgia, that will allow oil production to restart in approximately 7 days, at the Company's West Rustavi field.
RNS Number: 5600 D Block Energy PLC 26 June 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 5600 D Block Energy PLC 26 June 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Block Energy Plc (BLOE.L) Announced that the company is changing its accounting reference date, with immediate effect, from 30 June to 31 December. Accordingly, the company will release a second set of unaudited interim results for the 12-month period ending 30 June 2019 by 30 September 2019 and the company's final (audited) results for the 18-month period ending 31 December 2019 by 30 April 2020.
RNS Number: 4063 D Block Energy PLC 26 June 2019 26 June 2019. Block Energy Plc, the exploration and production company focused on the Republic of Georgia, announces that, in order to bring its financial reporting into line with peer companies and to carry out its year-end work when there is a seasonal reduction in operational activities, it is changing its...
RNS Number: 1730 C Block Energy PLC 13 June 2019 Block Energy Plc. Block Energy Plc announces that it has today allotted 275,674 new ordinary shares of 0.25 pence each in the Company pursuant to the exercise of warrant. Block Energy is an AIM quoted oil and gas company with a growing portfolio of production, development and exploration assets in the Republic of...
RNS Number: 0828 C Block Energy PLC 13 June 2019 Block Energy Plc. Block Energy Plc announces that it has today allotted 375,000 new ordinary shares of 0.25 pence each in the Company pursuant to the exercise of warrant. Block Energy is an AIM quoted oil and gas company with a growing portfolio of production, development and exploration assets in the Republic of...
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Company Profile

Block Energy (BLOE) is an AIM traded 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 in the producing Norio licence, a 90% Working Interest in the producing Satskhenisi licence and a 25% interest and the right to earn a 75% Working Interest in the West Rustavi permit. Block’s three licences lie in the heart of the prolific Kura basin, where Schlumberger, the world’s largest oilfield services provider, recently acquired a 100% strategic position. Block’s licences currently hold net proven oil reserves of 1.5 million barrels plus 60 million barrels of oil and c.600 billion cubic feet (‘bcf’) of gas classified as 2C contingent resources. The short-term target is to raise production to 900 bopd from 15 bopd within 18 months via a low cost, low risk workover and sidetrack programme of existing wells, and then utilise cashflow to drill horizontal wells and sidetracks to rapidly raise production to c.2,000 bopd.

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