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Block Energy Interim Results.pdf

block_energy_interim_report_28_mar_19.pdf

🔗 Source: blockenergy.co.uk

📊 Size: 1.03 MB

👤 Author: neilb

⬇️ Downloads: 132

Summary

Block Energy plc announces its interim results for the six months to 31 December 2018, highlighting progress towards becoming Georgia's leading independent oil and gas producer. Key achievements include:
- Securing 100% Working Interest in the West Rustavi field, with gross contingent 2C resources of 38 million barrels of oil and 608 BCF of gas.
- Successful completion of the first horizontal sidetrack well at West Rustavi, with significant hydrocarbon shows.
- A four-fold increase in production at the Norio field to 60 bopd.
- Securing an offtake agreement with a Georgian gas trader.
- Agreement for exclusive use of a specialist micro-drilling tool in the Former Soviet Union region.
- Building dedicated executive, technical, and operations teams in London and Georgia.

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Description

Block Energy plc announces its interim results for the six months to 31 December 2018, highlighting progress towards becoming Georgia's leading independent oil...

Technical Information

File Format: PDF
File Size: 1.03 MB
Pages: 10
Language: EN
Author: neilb
Total Downloads: 132
Last Updated: 6 hours ago

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