Block Set Up For Second Drill Hole
Paul Haywood CEO at Block Energy joined our friends at IGTV recently to discuss the companies near-term operational developments, Earlier this month the company announced an oil storage agreement allowing oil production to restart at the west Rustavi well 16aZ, allowing the company to capitalise from its significant production.
Whilst operations in the North are very much on the roster, Block also intends to initiate the start of the second phase of operations to spud a second well in west Rustavi which is currently undergoing civil works and rig transfer in preparation for the summer spud.
Jeremy probes Haywood on the medium-term outlook for Block, unveiling a 4 well back to back program ” We are not planning on doing anything fancy here, we’ll continue to do what’s been working for us in the past.
The author was paid but does not hold shares in the company