Block Energy PLC - Preparation Begins at West Rustavi Well 38Z
Preparation for Horizontal Sidetrack Begins at West Rustavi Well 38Z
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
For further information please visit http://www.blockenergy.co.uk/ or contact:
(Chief Executive Officer)
| || |
Tel: +44 (0)20 7997 6136
| || |
Tel: +44 (0)20 3368 3554
| || |
Tel: +44 (0)20 3167 7221
| || |
Tel: +44 (0)20 7236 1177
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.
3. RNS Reach is an investor communication service designed to assist listed and unlisted - including AIM quoted - companies to publish non-regulatory news releases such as marketing messages, corporate and product information to the public domain.
This information is provided by RNS, the news service of the
Quick facts: Block Energy PLC
Market Cap: £15.78 m
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE