JOIN FOR FREE
Search
mobile-logo
 

AIM Company Profile

Below is the information we hold on the AIM company you have chosen to view. As a registered user, you can can view the Share Price, any public documents or presentations on the AIM company plus any additional details. Click on the share price 'Block' and you can view extended charting and share information. 'Bookmark' the company to your own portfolio, print off the page details and download as a 'pdf'. You can also rate this AIM company by simply clicking the 'star' rating. If we hold news on this company, relevant articles will be displayed for you to view. Note: All share information is subject to a 15min. delay.

TRADE SHARES IN THIS AIM COMPANY
views: 2193
  1. BLOCK ENERGY

Share Activity
Share Activity:

Research Notes:
  • Companies with current Notes available
Research
You must be logged in to see this info
Key Company Info.
News:

Company Description:

Block Energy is an AIM-listed exploration and production company seeking to develop previously discovered fields in Georgia optimal for Western technology.

Block Energy is an AIM-listed asset-backed revenue generative junior oil and gas company aiming to capitalise on first mover advantage to build the largest independent producer in Georgia, a proven but underdeveloped oil producing nation increasingly on the radar of the majors. Schlumberger, the world’s largest oilfield services provider, recently acquired a strategic position in the country.

Led by a management team with unrivalled experience and contacts in Georgia and the wider region, Block Energy is at the right address in the right country at the right time.

The right address because the licences in which the company currently has a Working Interest (WI) – Norio (100% WI), Satskhenisi (90% WI), and West Rustavi (currently 25% earning into a 75% WI) – lie close to Schlumberger’s 100% owned strategic position in the Kura basin, which at its peak produced ~70,000bopd in Georgia and is estimated to hold more than seven billion barrels of proven reserves in Azerbaijan and Russia’s North Caucasus.

The right country because Georgia is a low-cost, business-friendly nation with underdeveloped oil and gas reserves.

The right time because Schlumberger’s entry is game-changing for Block in terms of targeting the same play types and providing third party validation of Georgia’s huge oil and gas potential.

Block’s three licences currently produce 20bopd. Block has put in place a three phase strategy to rapidly increase production, maximise the recovery of reserves and prove up the defined resources.

Active: Trading
EPIC:

BLOE

List date: 11th June 2018 07:00
Region:

London

Advisors
Nominated Advisor:

Spark Advisory Partners
5 St John’s Lane
London
EC1M 4BH

Broker:

Mirabaud Securities Limited
5th Floor 10 Bressenden Place
London
SW1E 5DH

Contact Information
You must be logged in to see this info

Send message to moderator

If this profile is about your AIM company, but the information is limited you can add to the information we hold. The company displayed HERE is a typical example of the type of information we can display about your company. Good promotion of your AIM listed company is critical for exposure to potential investors and liquidity in shares. Get in touch HERE if you would like to know more about how we can help promote your AIM listed company.

TRADE AIM SHARES
AIM COMPANY SEARCH