Result of AGM

RNS Number : 1840L

Block Energy PLC

20 December 2018

 

Block Energy Plc / Index: AIM / Epic: BLOE.L / Sector: Oil and Gas

20 December 2018

Block Energy Plc ("the Company", "Block" or "the Group")

Result of AGM

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to announce that at the Company's Annual General Meeting, held earlier today, all resolutions were duly passed.

**ENDS**

For further information visit www.blockenergy.co.uk or contact:

Paul Haywood Chief Executive Officer	Block Energy Plc	Tel: [phone]
Neil Baldwin (Nominated Adviser)	Spark Advisory Partners Limited	Tel: [phone]
Craig Fraser (Joint Corporate Broker)	Baden Hill, a trading name of Northland Capital Partners ltd.	Tel: [phone]
Colin Rowbury (Joint Corporate Broker)	Novum Securities Ltd	Tel: [phone]
Frank Buhagiar / Juliet Earl (Financial PR)	St Brides Partners Ltd	Tel: [phone]

Notes:

Block Energy (BLOE.L) is an AIM quoted oil and gas company with a growing portfolio of production, development and exploration assets in the Republic of Georgia.  Block holds a 100% Working Interest ('WI') in the producing Norio licence, a 90% WI in the producing Satskhenisi licence and a 25% WI in the West Rustavi licence with the right to farm-in to up to a 75% WI.  Block's three licences lie in the heart of Schlumberger's 100% held position in the Kura basin, which at its peak produced circa 70,000 bopd in Georgia and is estimated to hold over seven billion barrels of proven reserves in Azerbaijan and North Caucasus (Russia).

 

END

 

 

RAGEAKAEADEPFFF