Why this small cap oil firm is up 70% today
Georgian-focused oil producer Block Energy (BLOE:AIM) gushes 72.4% higher to 6.72p on highly positive drilling results from the country.In a nutshell. a new side-track well on its West Rustavi project yielded 1,100 barrels of oil per day (bopd), more than three times the 325 bopd pre-drill target and making it one of the most productive wells ever to be drilled in Georgia. The company itself...
