Block Energy plc plans to drill a sidetrack using directional pilot ‘slim hole’ technology in late September-October on the West Rustavi/Krtsanisi field, onshore Georgia. FARM-OUTS Operations, funded from existing cash resources, are part of project I, one of four running simultaneously in the company’s portfolio. Block said that the technology would be used for the first […]
Tag: sidetrack well
Reabold increases stake in West Newton
Reabold Resources plc has invested a further 20.4% of shares for £700,000 in the operator of the onshore West Newton development, Rathlin Energy (UK) Ltd. SIDETRACK The acquisition from Rathlin’s owner Calgary-based Connaught Oil & Gas Ltd will result in Reabold holding a 69.9% economic interest in PEDL183 via its 79.8% shareholding in Rathlin. Rathin […]