(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Block Energy PLC - Georgia-focused oil and gas company - Announce the acquisition of a 10% participating interest in the XIQ Production Sharing Contract in Georgia. The deal has an option to increase to 22%. The site is "highly prospective," and contains mean unrisked recoverable prospective resources of 451.5 million barrels of oil and 823.3 billion cubic feet of gas. Company says its key target is the Martkopi Terrace prospect with 267.2 mmbbl mean unrisked recoverable prospective resources. The first-year work programme includes re-entry of the Martkopi-10 well and an environmental baseline study. Block Energy says farmout discussions are ongoing as third parties consider seismic and drilling works programmes. The asset has been purchased with existing cash resources. XIQ PSC is operated by Georgian Oil and Gas Ltd alongside the state-owned Georgian Oil and Gas Corp. Read More
(Alliance News) - Block Energy PLC on Monday said it has secured the operational rights to the Upper Eocene, Lower Eocene, and Upper Cretaceous formations in Georgia's Samgori South Dome field, expanding its project III gas resources. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Block Energy PLC - Resource exploration and production company focused on Georgia - launches farm-out process for Project III, situated near the southern Caucasus pipeline in the greater Tbilisi area, after appointing LAB Energy Advisors to spearhead the project. Block Energy says the appointment of the London-based LAB, a "leading independent energy advisory company", will ensure that project's potential is "marketed effectively to a wide range of prospective partners". Block Energy believes that the project contains "significant gas resources", and that its proximity to the southern Caucasus pipeline makes it well-connected to international energy markets. Last week, the company published the results of an independent energy report, which ascribed the project a net present value of more than USD500 million. Read More
(Alliance News) - The following is a round-up of trading updates for London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Block Energy PLC on Tuesday said that a study has identified a carbon capture and storage opportunity within Block XIB. Read More
Block Energy PLC - exploration and production company focused on Georgia, applying new technology to previously discovered oil fields - Says it is "well funded" to deliver its "high-impact" strategy in 2024. Strategy includes farm-out of project III. This is the appraisal and development of gas resources in the Lower Eocene and Upper Cretaceous formations across the company's onshore blocks in Georgia. Says the project has a good chance of success and will increase its net asset value. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Block Energy PLC - exploration and production company focused on Georgia - In the third quarter to September 30, average output declines to 630 barrels of oil equivalent per day from 664 boepd in the second quarter. Notes third successful project 1 well, with WR-34Z placed on production at 150 boepd. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Block Energy PLC - exploration and production company focused on Georgia - Says well test of WR-34Z in West Rustavi, Georgia, shows it has now been in continuous production for over 19 days on a range of choke settings from 7.1 millimetres to 12.7 millimetres, producing at an average rate of 223 barrels of oil equivalent per day, or 153 barrels of oil per day and 11,900 cubic metres of gas per day. Says the well has now been handed over to the production team on a 10.3 millimetre choke size, with production at a five-day average rate of 150 barrels of oil equivalent per day, and with all produced hydrocarbons being monetised. Says total group production as of the September 25 was 684 barrels of oil equivalent per day. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Block Energy PLC - London-based oil and gas exploration and production company which operates the West Rustavi, Norio and Satshenisi oil fields in Georgia - Announces spud of development well WR-34Z in West Rustavi. Says well forms part of the development of 3.01 million barrels of oil gross 3P reserves, with a net present value of USD57.0 million. Read More
(Alliance News) - Block Energy PLC said on Wednesday that its oil production increased quarter-on-quarter, and announced that Guram Maisuradze had been appointed chief operating officer. Read More