– UK, London – Block Energy plc (LON: BLOE), the development and production company focused on Georgia, today announced the proposed appointment of Dr. Ken Seymour to its Board as an Independent Non-Executive Director, subject to regulatory due diligence checks.
“I am delighted that Ken has agreed to join the Board of Block. His extensive international experience will significantly benefit many aspects of the business, particularly drilling operations, asset management and business development. In addition to Ken having been through the Company’s recruitment process, I have no doubt of the tremendous contribution he can bring and the benefits that will come from that for the Company and all shareholders.” said Board Chairman, Philip Dimmock.
The Company also announced that independent Director, Chuck Valceschini has notified his resignation from the Board effective on 3 December 2021.
About Dr. Ken Seymour
Dr. Ken Seymour has worked with major and minor petroleum Exploration & Production companies for over 40 years as a drilling engineer, drilling superintendent, drilling manager, general manager, director, and adviser in the North Sea and on international assignments in the Netherlands, China, Pakistan, Angola, Nigeria, and Indonesia. Ken is currently an independent consultant focusing on dispute resolution, drilling optimization, and geothermal energy for HKA Global, Seplat Energy, and Ceraphi Energy.
Dr. Seymour graduated from Leeds University with a first-class BSc honors degree in Mining Engineering and a Ph.D. in Rock Mechanics. He also obtained an MBA from the Aberdeen Universities and has authored twenty-seven presentations on well engineering and upstream management.
About Block Energy plc
Block Energy plc is an AIM-listed independent oil and gas company focused on production and development in Georgia, applying innovative technology to realize the full potential of previously discovered fields.
Block has a 100% working interest in Georgian onshore license blocks IX and XIB. License block XIB is Georgia’s most productive block, with 2P oil and gas reserves of 64 MMboe, which is comprised of 2P oil reserves of 36 MMbbls and 2P gas reserves of 28 MMboe and historic production of over 180 MMbbls of oil from the Middle Eocene, peaking in the mid-1980s at 67,000 bopd.
The Company has a 100% working interest in the highly prospective West Rustavi onshore oil and gas field with multiple wells that have tested oil and gas from a range of geological horizons. The field has so far produced 50 Mbbls of light sweet crude and has 0.9 MMbbls of gross 2P oil reserves in the Middle Eocene. It also has 38 MMbbls of gross unrisked 2C contingent resources of oil and 608 Bcf of gross unrisked 2C contingent resources of gas in the Middle, Upper, and Lower Eocene formations.
Block also holds 100% and 90% working interests respectively in the onshore oil-producing Norio and Satskhenisi fields.
The Company offers a clear entry point for investors to gain exposure to Georgia’s growing economy and the strong regional demand for oil and gas.
For more information: https://www.blockenergy.co.uk/
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