Block Energy plc said it issued 12 million shares to Jindal Petroleum (Georgia) Ltd which once owned licence X1B in West Rustavi, Georgia. TRANSACTION In 2020, Block Energy granted 120m nil-cost options to SLB (formerly Schlumberger) for the acquisition of Schlumberger Rustaveli Company Ltd (SRCL), which held XIB in Georgia. As part of the transaction, […]
Tag: oil and gas
Block spuds sidetrack well at West Rustavi field
Block Energy plc has started drilling WR-B01 sidetrack well at West Rustavi oil field in Georgia. PROJECT 1 Well WR-B01 ST is part of Project I, which is focused on the development of the Middle Eocene reservoir within West Rustavi/Krtsanisi. The well is targeting a fracture system on the west side of the Krtsanisi anticline […]
Predator tackles logistic delays ahead of drilling MOU-2
Predator Oil & Gas Holdings plc said that competition for transport had delayed the spud date for the MOU-2 well at its Guercif gas licence onshore northern Morocco. TRANSPORT The company, which has nearly completed pre-drilling procurement and delivery, had expected to start drilling in mid-December. “Some remaining well inventory was delayed as a result […]
Block agrees farm-out for licence XIB
Block Energy plc has signed a farm-out agreement with Georgia Oil and Gas Ltd (GOGL) for 50% of its XIB licence in Georgia. LICENCE XIB The licence covers a total 614 km2 and includes the Patardzeuli, Samgori, Teleti and Rustavi fields which Block said had produced more than 180 MMbbl of oil. The company added that the portions of […]
Angus issues 500,000 ordinary shares on exercise notices
Angus Energy plc has issued 500,000 ordinary shares of £0.002 each in the company after receiving exercise notices. The exercise price is of 1.2, 1.35 and 1.5 pence per share. The company has 41,891,372 warrants over ordinary shares outstanding. On admission, Angus will have 2,939,270,014* ordinary shares in issue, each with one vote. The company […]
Borders’ Falkland licences extended two years
Borders & Southern Petroleum plc has been granted a two-year extension for its production licences, including the Darwin gas condensate discovery area, offshore the Falkland Islands. APPLICATION Licences PL018, PL019 and PL020, due to expire on the 31 December 2022, are now valid until 31 December 2024. The Falkland Islands Government approved the company’s application […]