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Block Energy to begin flow testing at its West Rustavi Well 16a

Block Energy Plc's (LON:BLOE) Paul Haywood discusses with Proactive London's Andrew Scott the the completion of drilling in the West Rustavi Well 16a, which encountered significant oil and gas shows.

''This is by far one of the most exciting events the company's had so far ... everybody's really focused and excited to see what we get from this one''.

16a reached a total drilled depth of 2,659 metres, following successful horizontal sidetracking operations.

Significant oil and gas shows were observed in the upper and middle Eocene formations.

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Price: 7.25 GBX

AIM:BLOE
Market: AIM
Market Cap: £28.53 m
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Block Energy increases stake in ‘highly prospective’ West Rustavi licence

Paul Haywood, director of Block Energy Plc (LON:BLOE), tells Proactive Investors they've acquired an additional 20% interest in the ‘highly prospective’ West Rustavi licence in Georgia - taking their stake to 25%. Haywood says the West Rustavi licence has proven reserves and multiple gas...

on 29/6/18

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