Block Energy plc’s shareholders today rejected a resolution by 93.7% to hold a forensic investigation into the company’s affairs in onshore oil and gas at West Rustavi, Georgia.
The resolution was proposed by Forest Nominees Ltd on behalf of G.P. (Jersey) Ltd and was the second requisitioned general meeting called during July.
| Resolution | For | % For | Against | % Against | Withheld |
| That the board of the directors of the company commission an independent forensic investigation into the affairs of the company | 14,087,274 | 6.27% | 210,698,706 | 93.73% | 2,000 |
OPERATIONS
Block Energy’s chairman Philip Dimmock said that the company’s board was now looking forward to focusing on operations and increasing the value of the business.
“Drilling operations on WR-B1 continue. The well has reached total depth.
“Further updates will be provided after the well is completed and initial well test results become available.
“In the meantime, we would like to thank shareholders for their support.”