Business
Operations Video Update
Operations Video Update.
About this update from Block Energy Plc
[{"type":"text","content":"\n \n \n \n 14 September 2022\n \n \n \n \n Block Energy plc\n \n \n \n (\"Block\" or the \"Company\")\n \n \n \n Operations Video Update\n \n \n \n Block Energy plc, the development and production company focused on Georgia, is pleased to provide the following video update on Project II and drilling operations on the JSR-01DEEP well, designed to evaluate a Contingent Resource of 200MMbbls, located in Georgia's most prolific oil field. Please click on the following link to watch the video: \n \n https://vimeo.com/748840353\n \n \n \n \n \n \n \n **ENDS**\n \n \n \n \n For further information please visit http://www.blockenergy.co.uk/ or contact:\n \n \n \n \n \n \n \n \n Mark Antelme\n \n \n \n \n Philip Dennis\n \n \n \n (Financial PR Adviser)\n \n \n \n \n Celicourt Communications\n \n \n \n \n Tel: +44 (0)20 8434 2643\n \n \n \n \n \n \n \n \n \n About Reach announcements\n \n \n Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases such as marketing messages, corporate and product information into the public domain. An RNS Regulatory announcement is required to be notified under the AIM Rules for Companies.\n \n \n \n Stephen James BSc, MBA, PhD (Block's Subsurface Manager) has reviewed the reserve, resource and production information contained in this announcement. Dr James is a geoscientist with over 40 years' experience in field development and reservoir management.\n \n \n \n Notes to editors\n \n \n Block Energy plc is an AIM-listed independent oil and gas company focused on production and development in Georgia, applying innovative technology to realise the full potential of previously discovered fields.\n \n \n Block has a 100% working interest in Georgian onshore licence blocks IX and XIB. Licence block XIB is Georgia's most productive block, where during the mid-1980s production peaked at 67,000 bopd and cumulative production reached 100 MMbbls and 80 MMbbls of oil from the Patardzeuli and Samgori fields, respectively. The remaining 2P reserves across block XIB are 64 MMboe, comprising 2P oil reserves of 36 MMbbls and 2P gas reserves of 28 MMboe. (Source: CPR Bayphase Limited: 1 July 2015). Add...