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Block Energy - Operations Update

Block Energy Plc, the exploration and production company focused on the Republic of Georgia is pleased to announce that well WR-38Z at the Company's flagship West Rustavi field ("the Field") is flowing naturally following clean-up operations and is ready for production testing. The Company has also prepared nearby well WR-51 for the Field's next horizontal sidetrack.


Following a short period of swabbing, WR-38Z is flowing naturally. The Company has installed and commissioned new production test equipment sourced from North America and will now commence a multi-rate production test extending over several weeks. 


WR-16aZ is temporarily shut in whilst the production facility is being upgraded and is expected to return on production in January 2020.


In addition to the operations at WR-38Z, the Company has completed civil and preparatory works at the wellsite of well WR-51 and the wellbore is now ready for sidetracking operations.


The 3D seismic acquisition has been completed and the data is now being processed and interpreted to develop a comprehensive understanding of West Rustavi's subsurface and facilitate the identification of optimal locations for future drilling.


Block Energy Chief Executive Officer Paul Haywood said:


"We're pleased to confirm that operations at WR-38Z continue to proceed smoothly, with the well now flowing and ready for producrion testing. We look forward to updating the market on the results from the multi-rate production test. Furthermore, we are excited to have completed our 3D seismic acquisition and eagerly await the results of the processed data set, which will enhance our understanding of the reservoirs".

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