Block Energy (BLOE) and Malcy covers (CERP) (ZEN) (ECHO) (HUR) (CHAR) (GENL) (SOU)

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On today's Vox Markets Podcast:

Block Energy (BLOE)

Paul Haywood, Chief Executive Officer Block Energy (BLOE) discusses the start of a fully-funded workover programme at its Georgian Norio oil field, which is intended to scale up production rapidly by the end of 2018.

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 the Schlumberger's 100% held position in the Kura basin, which at its peak produced ~70,000 barrels of oil per day ('bopd') in Georgia and is estimated to hold over 7 billion barrels of proven reserves in Azerbaijan and North Caucasus (Russia).

(Interview starts at 1 minute 56 seconds)