17:00 Mon 18 May 2020
Block Energy PLC - Posting of Annual Report & Accounts; Notice of AGM
("Block Energy" or the "Company")
Posting of Annual Report & Accounts and Notice of AGM
Further to the publication on
These documents were also made available on the Company's website at www.blockenergy.co.uk in the Investors section.
Details of the AGM
The Company's AGM will be held at
The Company will convene the AGM with the minimum necessary quorum of two shareholders, in accordance with its articles of association. The AGM will comprise only the formal votes for each resolution set out in the Notice of AGM.
Shareholders are encouraged to vote via completion of a Form of Proxy. Full details of how to complete the Form of Proxy are contained in the Notice of AGM. You are advised to appoint the chairman of the meeting as your proxy to ensure your vote is counted. The chairman of the meeting will direct that all resolutions will take place by way of a poll, rather than on a show of hands, to ensure an accurate reflection of the views of shareholders and ensure that proxy votes are recognised. The results of the poll votes on the proposed resolutions will be published on the Company's website immediately after the conclusion of the AGM.
Shareholders are invited to submit questions to info@blockenergy.co.uk or to
The Board will continue to monitor COVID-19 developments as well as any further
For further information please visit http://www.blockenergy.co.uk/ or contact:
(Chief Executive Officer) |
|
Tel: +44 (0)20 3980 6250 |
(Nominated Adviser) |
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Tel: +44 (0)20 3368 3554 |
(Corporate Broker) |
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Tel: +44 (0)20 3167 7221 |
(Financial PR) |
Camarco |
Tel: +44 (0)20 3757 4980 |
Notes to editors
Block Energy is an AIM-listed independent oil and gas company focused on production and development in
The Company has a 100% working interest in the highly prospective West Rustavi onshore oil and gas field with multiple wells that have tested oil and gas from a range of geological horizons. The Field has so far produced 50 Mbbls of light sweet crude, and has 0.9 MMbbls of gross 2P oil reserves in the Middle Eocene. It also has 38 MMbbls of gross unrisked 2C contingent resources of oil and 608 BCF of gross unrisked 2C contingent resources of gas in the Middle, Upper and Lower Eocene formations (Source:
Block Energy also holds 100% and 90% working interests in the onshore oil producing Norio and Satskhenisi fields. It has recently entered into a conditional sale and purchase agreement for Georgian onshore Blocks XIB and IX.
The Company offers a clear entry point for investors to gain exposure to
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