Block Energy plc posted “above forecast” production as work continues at its four onshore projects in Georgia. FARM-OUTS Project I targets the West Rustavi/Krtsanisi field for which the company’s internal contingent resources estimate for the entire field is 19.5 MMbbl 2C. Production “remained robust” with a July average of 534 boepd, while “select operational investments” […]
Tag: Patardzueli-Samgori field within licences XIB and XIF
Block increases Rustavi-Teleti internal estimates
Block Energy plc has upgraded internal 2C contingent recoverable resource estimates to 2.77tcf for the Rustavi and Teleti fields in Georgia. PROSPECTIVITY Project III focuses on the undeveloped gas-bearing natural fracture system within the Lower Eocene and Upper Cretaceous reservoirs – each more than a kilometre thick – across blocks XIB and XIF. The company […]