Blocker Energy corp said an offering of20 mln common shares is underway at 2.625 dlrs per share
through underwriters led by &lt;Drexel Burnham Lambert Inc> and
Alex. Brown and Sons Inc &lt;ABSB>.
    The company is offering 19.7 mln shares and shareholders
the rest.  Before the offering it had about 33.6 mln shares
outstanding.
 Reuter
