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Georgia: Block Energy announces results for Y/E 31st December 2023

Block Energy, the development and production company focused on Georgia, has announced its audited results for the year ended 31st December 2023. The Company significantly increased EBITDA to $1,469,000 from $158,000. The Project IV farm-out was completed, achieving a carried work programme valued at over $3 million (gross). ....

Georgia General , Petroleum Resource Management System , Block Energy , Ministry Of Economy , Lost Time Incident , Lower Eocene , Upper Cretaceous ,

Eocene Epoch | Climate, Flora & Fauna

Eocene Epoch, second of three major worldwide divisions of the Paleogene Period (66 million to 23 million years ago) that began 56 million years ago and ended 33.9 million years ago. It follows the Paleocene Epoch and precedes the Oligocene Epoch. The Eocene is often divided into Early (56 million ....

United States , International Commission On Stratigraphy , Eocene Epoch , Paleogene Period , Paleocene Epoch , International Commission , Lower Eocene , Later Eocene , North America , Middle Eocene , North American ,

Report indicates significant natural gas resources in Block Energy-operated fields in Georgia

Block Energy plc, a development and production company in Georgia, announced an Independent Engineering Report indicating over 1 Tcf of 2C contingent natural gas resources in the Patardzueli and Samgori fields in license XIB with a Net Present Value of more than $500 million. ....

Georgia General , Paul Haywood , Block Energy , Petroleum Resource Management System , Independent Engineering Report , Net Present Value , Engineering Report , Lower Eocene , Upper Cretaceous , Contingent Resources , Oilfield Production Consultants , Patardzueli Samgori Lower Eocene , Block Energy Chief Executive Officer , South Caucasus Gas , Natural Gas ,