Block Energy PLC Preparation Begins at West Rustavi Well 38Z (3178I)
August 08 2019 - 1:00AM
UK Regulatory
TIDMBLOE
RNS Number : 3178I
Block Energy PLC
08 August 2019
Block Energy Plc | Index: AIM | Epic: BLOE.L | Sector: Oil and
Gas
Preparation for Horizontal Sidetrack Begins at West Rustavi Well
38Z
8 August 2019
Block Energy Plc ('the Company' or 'Block'), the exploration and
production company focused on the Republic of Georgia, is pleased
to announce the mobilisation of an A50 service rig to the site of
well 38Z at its flagship West Rustavi field ('the Field') in
preparation for planned horizontal sidetrack operations.
Well 38Z is one of four wells scheduled to be sidetracked across
the Field, in which Block now holds a 100% working interest. Well
38Z is analogous, adjacent and updip to well 16aZ, where Block
resumed production last month (https://bit.ly/2SRUO2l). Both wells
target the same Middle Eocene formation. The Company will draw on
the valuable experience gathered from the drilling of well 16aZ to
optimise the completion design for well 38Z.
The Company is also preparing a set of Frequently Asked
Questions ('FAQs') for publication on its website to provide
stakeholders with ready answers to common enquiries. The Company
will announce this update through the RNS Reach service.
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regulation which came into
effect on 3 July 2016.
**ENDS**
Further information
For further information please visit
http://www.blockenergy.co.uk/ or contact:
Paul Haywood Block Energy Plc Tel: +44 (0)20 7997
(Chief Executive Officer) 6136
Neil Baldwin Spark Advisory Partners Tel: +44 (0)20 3368
(Nominated Adviser) Limited 3554
Peter Krens Mirabaud Securities Tel: +44 (0)20 3167
(Corporate Broker) Limited 7221
Frank Buhagiar/Juliet St Brides Partners Tel: +44 (0)20 7236
Earl Ltd 1177
(Financial PR)
Notes
1. Well 16aZ has been referred to as well 16a in previous
updates. The Company is now referring to the well as 16aZ to
reflect the addition of the horizontal sidetrack to the vertical
well.
2. Block Energy is using the suffix Z in a well number to indicate a horizontal sidetrack.
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This information is provided by RNS, the news service of the
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END
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