Paul Haywood, CEO Block Energy discussed the aftermath of the latest £12m fundraise, and the prospects for company’s campaign at its Georgia assets. He underlined the way that in contrast to many of the group’s peers, prior to the West Rustavi success, an intense amount of work was carried out to quantify any risks in the project. This meant that when test results were eventually released the market experienced a positive surprise, and the shares reacted accordingly.
His message to corporates and investors alike in the Oil & Gas space is to be particularly rigorous in researching targets to avoid potential upsets. In the meantime Block Energy is likely to focus on improving the infrastructure surrounding its assets, and be mindful of possible future additions to its portfolio.