Block Energy plc has appointed PKF Littlejohn as its new auditor, and current auditor BDO LLP has resigned. The appointment was authorised in August 2022 at the company’s general meeting and followed a tender process led by the company’s audit and risk committee. Any proposal to re-appoint PKF as auditors of the group will need […]
Tag: Block Energy plc
Block completes deepening JSR-01 in Patardzeuli
Block Energy plc has completed deepening the JSR-01 well in the Patardzeuli oil field in Block XIB in Georgia. PROJECT II The company began drilling JSR-01DEEP in early September, marking the start of Project II, one part of a three-project strategy. Block Energy aims to evaluate a contingent resource of 200 MMbbls of oil and accelerate near-term […]
Block CFO William McAvock resigns to improve company’s efficiencies
Block Energy plc’s chief financial officer William McAvock had agreed to resign as part of the company’s drive to improve efficiencies. REDUNDANT The company has also made the position of CFO redundant as part of its “continuing efforts to improve efficiency across its oil and gas business in Georgia”. “During his service of over three […]
Block starts drilling well extension to test 200 MMbbls in Patardzeuli oil field
Block Energy plc has started drilling on the JSR-01DEEP well, an extension to the JSR-01 well, to test contingent resources of over 200 million barrels (MMbbls) in the Patardzeuli oil field in Block XIB in Georgia. PROJECT II The start of operations marks the beginning of Project II of the company’s three-project strategy in Georgia. Block […]
Block notes 2P reserves of 1.07 MMbbl for West Rustavi / Krtsanisi oil field
Block Energy plc reported field gross 2P reserves of 1.07 MMbbls in a competent persons report (CPR) on part of the West Rustavi and Krtsanisi oil field in Georgia. PROJECT I Chief executive Paul Haywood said that the CPR had independently verified the company’s work and plans for the initial phase of Project I. The CPR, […]
Block starts Project II to deepen existing oil well in undrained reservoir
Block Energy plc plans to deepen an existing oil well in Block XIB as the company begins the second of its three-project strategy in Georgia. PROJECT II Project II involves the re-development of the Patardzeuli Middle Eocene reservoir. The company will drill well JSR-01DEEP by September using cash generated from operations. Project II will run […]