AIM-quoted independent oil and gas production and development company Block Energy has made a move to enter a new geographic area through an investment related to two production sharing contracts (PSCs), which will enable it to expand its portfolio to encompass two offshore licenses in Gabon.

PSCs Mpari Project Georgia Shell Pilgrim Exploration Paul Haywood West Africa State of Gabon Simon Barry Gabonese Ministry of Oil North Gabon AIM-quoted Texaco Tullow