Block Energy aims for 900bopd after "excellent" production results at new well
14th Jan 2019 16:09
(Sharecast News) - Georgia-focussed oil and gas company Block Energy lauded its "excellent" initial production results from well-44 on its Norio Field, on Monday.
Read moreBlock Energy CEO confident on hitting break-even production rates
20th Dec 2018 10:44
(Sharecast News) - Georgian-focused oil and gas company Block Energy was confident it would be able to reach breakeven production rates at all of its three licenses in the near-term, allowing it to transform itself into a "highly profitable oil and gas company".
Read moreBlock Energy makes decent recovery at West Rustavi
14th Dec 2018 12:31
(Sharecast News) - Georgia-focussed exploration and production company Block Energy announced on Friday that more than 200 barrels of oil had been recovered from the legacy vertical well 16a at its West Rustavi permit during a 10 hour flow period.
Read moreBlock Energy working on 25-fold production increase at Norio
5th Dec 2018 09:55
(Sharecast News) - Georgia-focussed exploration and production company Block Energy updated the market on its initial work programme on Wednesday, with the focus on achieving a 25-fold increase in production at its Norio oil field to 250 barrels of oil per day (bopd) by the first half of 2019.
Read moreGeorgian government accepts Block Energy's terms for West Rustavi
28th Aug 2018 11:17
(Sharecast News) - Exploration and production company Block Energy announced on Tuesday that the production sharing contract (PSC) terms for its West Rustavi licence have been accepted by the government of the Republic of Georgia.
Read moreBlock Energy makes solid progress following June IPO
23rd Aug 2018 09:04
(Sharecast News) - Georgia-focussed exploration and production company Block Energy announced an operations update from its Norio licence, where it has a 100% working interest; Satskhenisi licence, where it has a 90% working interest; and the West Rustavi permit, where it has a 25% working interest, on Thursday.
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