Block Energy Plc (LON: BLOE) has released an update on the acquisition of the Schlumberger Rustaveli Company Limited.

  • The company informed that some amendments were made in SPA (sale and purchase agreement) announced 26 March 2020 with Schlumberger B.V.
  • As per an amendment and settlement deed, the completion of the acquisition is scheduled to take place on 23 November 2020, based on certain conditions.
  • Once the acquisition is completed, Block will take control of about 29,000 bbls of crude oil inventory.

 

 


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