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Block Energy PLC - London-based oil and gas company focused in Georgia - Reports ‘strong and consistent’ second quarter performance in 2022 with average production of 519 barrels of oil equivalent per day, up from 512 boepd in the previous quarter. Revenue, however, falls to $2.2 million from $2.4 million. Adds that the preparations for a five-well development plan are complete and ready for execution.
Current stock price: 1.25 pence, down 12% in London on Monday afternoon
12-month change: down 51%
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