By Josh White
Date: Friday 19 Sep 2025
LONDON (ShareCast) - (Sharecast News) - Block Energy announced the spud of its KRT-39ST well in Georgia on Friday, marking the first pilot of its new slim hole drilling technology.
The AIM-traded company said the approach is expected to reduce drilling and completion costs to around 40% of those for its previous conventional sidetracks.
If successful, Block said it planned to apply the technology across both its Project I and Project II developments.
At 0952 BST, shares in Block Energy were up 11.29% at 0.95p.
Reporting by Josh White for Sharecast.com.
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Currency | UK Pounds |
Share Price | 0.85p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 1.05 |
52 Week Low | 0.65 |
Volume | 390,596 |
Shares Issued | 772.65m |
Market Cap | £6.57m |
Beta | 0.00 |
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No dividends found |
Time | Volume / Share Price |
15:24 | 3,161 @ 0.88p |
15:22 | 1,369 @ 0.88p |
15:16 | 84,798 @ 0.83p |
15:15 | 118,695 @ 0.84p |
14:05 | 12,000 @ 0.88p |
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