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05 Dec 2018 | 14:40

Block Energy poised to commence Norio drilling campaign in Georgia

Block Energy said it was preparing to drill the first four of eight wells as part of a campaign to increase in production at its Norio oil field in Gerogia.

A specialist micro drilling perforation tool had been shipped from North and was expected to arrive onsite shortly, the company said.

It wants to lift production at the field to 250 barrels of oil per day by the first half of 2019.

At 2:40pm: (LON:BLOE) Block Energy Plc Ord Shs Gbp0.0025 share price was +0.1p at 2.7p

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