Block Energy PLC AGM Presentation (7663R)
31 Octubre 2019 - 2:19AM
UK Regulatory
TIDMBLOE
RNS Number : 7663R
Block Energy PLC
31 October 2019
31 October 2019
Block Energy Plc
("Block" or the "Company")
AGM Presentation
Block Energy Plc, the exploration and production company focused
on the Republic of Georgia, will hold its Annual General Meeting
("AGM") at 10.00am today at the offices of Shakespeare Martineau
LLP, 6th Floor, 60 Gracechurch Street, London, EC3V 0HR.
During the AGM the Company will present a review of the past
year's activities featuring a presentation that will be available
on the website from 10:00am at the following location:
http://www.blockenergy.co.uk/media/presentations/.
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regulation which came into
effect on 3 July 2016.
For further information please visit
http://www.blockenergy.co.uk/ or contact:
Paul Haywood Block Energy Plc Tel: +44 (0)20 3980 6250
(Chief Executive Officer)
Neil Baldwin Spark Advisory Partners Limited Tel: +44 (0)20 3368 3554
(Nominated Adviser)
Peter Krens Mirabaud Securities Limited Tel: +44 (0)20 3167 7221
(Corporate Broker)
Billy Clegg / Owen Roberts / Violet Wilson Camarco Tel: +44 (0)20 3757 4980
(Financial PR)
Notes to editors
Block Energy is an AIM-listed independent oil and gas company
focused on production and development in the Republic of Georgia,
applying innovative technology to realise the full potential of
previously discovered fields. The company is pursuing a
fully-funded multi-well programme through 2019/20 designed to
convert contingent resources to reserves, and reserves to
revenue.
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 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: CPR
Gustavson Associates: 1 January 2018).
Block also holds 100% and 90% working interests in the onshore
oil producing Norio and Satskhenisi fields.
The Company offers a clear entry point for investors to gain
exposure to Georgia's growing economy and strong regional demand
for oil and gas.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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