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14 Dec 2018 | 13:52

Block Energy moves to restart production at West Rustavi field in Georgia

Block Energy said it would move to restart production at the West Rustavi field in Georgia after completing testing operations.

More than 200 barrels of oil were recovered from the legacy vertical well 16a at the field during a 10-hour flow period.

An additional 300 barrels of light oil flowed to a temporary wellsite production facility over the following days.

Block Energy said it would now drill two initial horizontal sidetracks in West Rustavi wells 16a and 38, targeting a combined gross production of 650 barrels of oil per day by the first quarter of 2019.



At 1:52pm: (LON:BLOE) Block Energy Plc Ord Shs Gbp0.0025 share price was +0.45p at 3.05p

Story provided by StockMarketWire.com
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