London-listed Block Energy (AIM:BLOE) said on Tuesday that its WR-38Z well at the West Rustavi field is flowing naturally following clean-up operations and is now reported to be ready for production testing.
The group explained how they had installed and commissioned new production test equipment from North America to commence a multi-rate production test extending over several weeks.
The WR-38Z wellsite is pictured above.
"We're pleased to confirm that operations at WR-38Z continue to proceed smoothly, with the well now flowing and ready for production testing,” said Block’s Chief Executive, Paul Haywood.
In addition to the operations, Block has completed civil and preparatory works at the well site of WR-51 which is now also ready for side-tracking operations.
Shares in Block Energy were trading 1.10% higher at 4.6p on Tuesday morning.
Block said the WR-16aZ well to be temporarily shut-in whilst the production facilities are being upgraded — the well is expected to return to production in January 2020.
3D seismic acquisition has now been completed, the group explained, with the data now being interpreted to enhance a thorough understanding of the reservoirs.
The knowledge acquired from this data will help facilitate the further identification of ‘optimal locations’ for future drilling.
Block Energy has a 100% working interest in the West Rustavi onshore oil and gas field with multiple wells that have tested oil and gas from a range of geological horizons.
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