We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Block Energy Plc | LSE:BLOE | London | Ordinary Share | GB00BF3TBT48 | ORD SHS GBP0.0025 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.15 | 9.38% | 1.75 | 1.65 | 1.85 | 1.85 | 1.60 | 1.60 | 4,729,167 | 15:59:17 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Minrls,earths-ground,treated | 8.26M | -1.61M | -0.0024 | -7.29 | 11.91M |
TIDMBLOE
RNS Number : 4948K
Block Energy PLC
05 January 2021
5 January 2021
Block Energy Plc
("Block" or the "Company")
Appointment of New Broker
Block Energy Plc, the development and production company focused on Georgia, announces that, following the transition of the Mirabaud Securities Limited corporate broking team to Tennyson Securities ("Tennyson"), Tennyson has been appointed as the sole broker to the Company, effective immediately.
For further information please visit http://www.blockenergy.co.uk/ or contact:
Paul Haywood Block Energy Plc Tel: +44 (0)20 (Chief Executive 3468 9891 Officer) Neil Baldwin Spark Advisory Partners Tel: +44 (0)20 (Nominated Adviser) Limited 3368 3554 Peter Krens Tennyson Securities Tel: +44 (0)20 (Corporate Broker) 7186 9030 Billy Clegg / Owen Camarco Tel: +44 (0)20 Roberts / Violet 3757 4980 Wilson (Financial PR)
Notes to editors
Block Energy plc is an AIM-listed independent oil and gas company focused on production and development in Georgia, applying innovative technology to realise the full potential of previously discovered fields.
Block has a 100% working interest in Georgian onshore licence blocks IX and XI(B) . Licence block XI(B) is Georgia's most productive block, with 2P oil and gas reserves of 64 million boe and historic production of over 180 MMbbls of oil from the Middle Eocene, peaking in the mid-1980s at 67,000 bopd.
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: CPR Gustavson Associates: 1 January 2018) .
Block also holds 100% and 90% working interests respectively 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 the strong regional demand for oil and gas.
Glossary
1. bbls: barrels. A barrel is 35 imperial gallons. 2. boe: barrels of oil equivalent. 3. bopd: barrels of oil per day. 4. Mbbls: thousand barrels. 5. MMbbls: million barrels. 6. MMCF/d: million cubic feet per day. 7. BCF: billion cubic feet.
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
APPUSUVRANUARAR
(END) Dow Jones Newswires
January 05, 2021 02:00 ET (07:00 GMT)
1 Year Block Energy Chart |
1 Month Block Energy Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions