Block Energy plc is progressing “extensive” talks for a potential farm-in, with an estimated US$25 to 30 million carry, over the undeveloped gas-bearing natural fracture system in the Patardzueli-Samgori field, Georgia. APPRAISAL The company’s blocks, XIB and XIF, lie within the Lower Eocene and Upper Cretaceous reservoirs, which are more than a kilometre thick. A […]
Tag: Rustavi field – block X1B Georgia
Block raises £1.5m
Block Energy plc has raised £1,499,974 via an institutional placing of, and direct subscriptions for, a total 214,282,000 new ordinary shares of 0.25 pence each, at an issue price of 0.7 pence per share. TVRs The company, with oil and gas assets in Georgia, said the fundraise had attracted strong demand from new and existing investors. The fundraise, which […]