News Oil & Gas

Block issues 12m shares to Jindal over X1B acquisition

Block Energy plc said it issued 12 million shares to Jindal Petroleum (Georgia) Ltd which once owned licence X1B in West Rustavi, Georgia. TRANSACTION In 2020, Block Energy granted 120m nil-cost options to SLB (formerly Schlumberger) for the acquisition of Schlumberger Rustaveli Company Ltd (SRCL), which held XIB in Georgia. As part of the transaction, […]