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 | 0.83p |
| Change Today | 0.18p |
| % Change | 26.92 % |
| 52 Week High | 1.05 |
| 52 Week Low | 0.60 |
| Volume | 38,843,395 |
| Shares Issued | 1,004.37m |
| Market Cap | £8.29m |
| Value |
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| Price Trend |
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| Income | ![]() |
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| Growth |
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| No dividends found |
| Time | Volume / Share Price |
| 14:40 | 780,032 @ 0.83p |
| 15:35 | 1,774 @ 0.85p |
| 15:32 | 178,097 @ 0.84p |
| 15:14 | 20,000 @ 0.84p |
| 15:09 | 500,000 @ 0.82p |
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