Block Energy Provides Well WR-B1 Drilling Update

Source: 7/28/2021, Location: Asia

Block Energy plc, the development and production company focused on Georgia, is pleased to announce that well WR-B1 has successfully reached the 9 ?" casing point, having drilled ahead from the kick-off point earlier in the month. The casing has been installed and cemented in place at the top of the Middle Eocene reservoir. The reservoir was encountered within two metres of the depth prognosed using the data from the Company's 3D-seismic survey.

The Company will now commence drilling the horizontal 8 ˝" reservoir section of the well. The well is expected to reach total depth in August, at which point Block will provide a further update.

Well WR-B1 is potentially transformative for the Company, targeting 2.1 MMboe of recoverable oil and gas. If WR-B1 is successful, it will be tied into Block's Early Production Facility for processing both oil and gas produced.

Block Energy plc's Chief Executive Officer, Paul Haywood, said:
"The drilling of well WR-B1 remains on target and as planned. Reaching the second casing point represents a significant milestone in the successful delivery of this well. The team on the ground has undertaken the drilling operations safely and efficiency and we can now look forward to commencing the horizontal section of the well to the target depth."

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