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“โ€ฆThe appointment of LAB Energy marks the beginning of the anticipated farm-out process of Project III, signalling our commitment to deliver a high-value strategy with near-term impactโ€ฆโ€

#BLOE CEO Paul Haywood

๐๐ซ๐จ๐ฃ๐ž๐œ๐ญ ๐ˆ๐ˆ๐ˆ ๐…๐š๐ซ๐ฆ-๐Ž๐ฎ๐ญ ๐๐ซ๐จ๐œ๐ž๐ฌ๐ฌ ๐‚๐จ๐ฆ๐ฆ๐ž๐ง๐œ๐ž๐ฌ

We are pleased to announce #BLOE has launched the farm-out process for Project III, targeting the development of a gas resource of strategic significance to the Georgian state.

We are pleased to announce an Independent Engineering Report indicating over 1 TCF of 2C contingent gas resources in the Patardzueli and Samgori fields in licence XIB with a Net Present Value of more than USD 500 MM.

Read the #BLOE announcement here:

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