Block Energy – News Review

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Doc caught up with Paul Haywood CEO of Block Energy to discuss the latest news

Block Energy Total Drilled Depth of 2,659 metres reached at well 16a following successful horizontal sidetracking operations. During the audio interview, Haywood explains the significance of developments whilst breaking down the companies operational program moving forward, by his own admission as the markets best-kept secret.

BLOEmap

· Significant oil and gas shows in the Upper and Middle Eocene formations with testing in the Middle Eocene to begin later this week

· Seeking to increase the Company’s gross production by 325 bopd and to add USD 3.6m of free cash flow to annual revenue

· Follow-on West Rustavi candidate well 38, in close proximity to 16a, is primed for sidetrack operations subject to 16a results

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to report that Total Drilled Depth (‘TDD’) has been reached at well 16a (’16a’ or ‘the well’) at its West Rustavi field (‘West Rustavi’) after the successful completion of horizontal sidetracking operations.

You can hear the latest audio interview here, please click play bar below

Paul Haywood visited the studio last month to discuss the company further.
The author was not remunerated but may hold shares in the company

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Categories: Bulletin