Recent press coverage
Block Energy Secures £1.5 Million to Propel Georgian Energy Projects | TipRanks | 06 November 2025
Block Energy plc has successfully raised £1.5 million through an equity fundraising, strengthening its financial position to advance multiple projects in Georgia. The funds will support ongoing farm-out negotiations for Projects III and IV, as well as the development of a carbon capture and storage project and new ventures.
Block Energy shares rise as well pilots ‘slim hole’ drilling | Proactive | 19 September 2025
Block Energy PLC (AIM: BLOE) told investors it has spudded the KRT-39ST well in Georgia, as a pilot of its new slim-hole drilling technology.
Leading international player in key European farm-in deal | Upstream | 04 September 2025
London-listed Block Energy, a partner in the XIQ asset, on Thursday confirmed the move and noted that it has concluded the “negotiations for the farmout of licence XIQ (forming part of Project IV) to a leading international E&P company”.
Block Energy lands new Georgia farm-out, shares rise | Proactive | 04 September 2025
Block Energy PLC (AIM: BLOE) shares soared on Thursday, after announcing it had agreed terms for a farmout deal in Georgia.
Block Energy reports “major step” as it closes farmout negotiations | Alliance News | 04 September 2025
Block Energy PLC on Thursday saw it shares surge as it reported the conclusion of negotiations for the farmout of licence XIQ.
Block Energy Completes Initial Injection in Georgia CCS Project | Rigzone | 29 August 2025
Block Energy plc said it has completed the initial injection of carbon dioxide of its carbon capture and storage (CCS) project in the Eastern European region of Georgia.
Block Energy injects CO2 for mineralised storage pilot | Gas World | 29 August 2025
If successful, Block plans to pursue commercialisation opportunities through the mineralisation process via third-party verification and as a solution to carbon emissions reduction within Georgia.
Block Energy Advances Permanent Carbon Storage in Eastern Europe | Carbon Herald | 27 August 2025
Block Energy plc has successfully completed the first CO₂ mineralization pilot project in Eastern Europe, marking a major step forward for carbon capture and storage (CCS) technologies in the region.
Block Energy completes first carbon dioxide injection pilot | Halifax | 26 August 2025
Block Energy announced the completion of the first carbon dioxide mineralisation injection pilot in Georgia on Tuesday, marking what it called a significant milestone for carbon capture and storage in the region.
Georgia: Block Energy completes Carbon Capture Storage CO2 pilot injection | Energy-pedia | 26 August 2025
During the pilot injection, a total of 13.6 tonnes of liquid CO₂ was injected into the reservoir along with 300m3 of water and sodium fluorescence tracer at pressures of 120 – 130 bar. Following data review, it is likely that injection rates will be optimised providing the potential to increase per-well injection capacity.
Block Energy completes first carbon dioxide injection pilot | Sharecast | 26 August 2025
The AIM-traded company said 13.6 tonnes of liquid carbon dioxide, supplied by its partner Rustavi Azot, a subsidiary of Indorama Corporation, was injected with water into the Patardzueli-Samgori reservoir, with monitoring confirming no surface leakage.
Block Energy completes initial CO2 injection in Georgia | Carbon Capture Journal | 26 August 2025
Liquid CO₂ was delivered to the wellsite by Block’s partner on the pilot study, Rustavi Azot (Indorama) and successfully injected in solution with water with no leakage detected. In an Eastern Europe first, a total of 13.6 tonnes of liquid CO₂ was injected into the reservoir along with 300m3 of water and sodium fluorescence tracer at pressures of 120 – 130 bar.
Block Energy jumps on carbon-storage project success in Georgia | Proactive | 26 August 2025
Block Energy PLC (AIM:BLOE) shares were up in Tuesday’s dealing, after announcing the completion of its first carbon capture storage pilot injection at the Patardzueli-Samgori field in Georgia.
Block Energy Achieves Breakthrough CO₂ Injection in Georgia | ADVFN Market News | 26 August 2025
Block Energy plc has completed its first CO₂ injection under its Carbon Capture and Storage (CCS) initiative in Georgia, marking a pioneering achievement for Eastern Europe. This successful pilot highlights the company’s ability to deliver low-cost CCS solutions, opening the door to commercial opportunities, partnerships with industrial players, and participation in carbon credit markets.
Block Energy reports progress across Georgia portfolio | Sharecast | 12 August 2025
Block Energy said in an update on Tuesday that it is advancing multiple projects across its Georgian portfolio, including farmout negotiations, a carbon capture and storage (CCS) pilot, new drilling activity and potential new ventures.
Block Energy makes significant progress on Phase 2 CCS project | World Oil | 18 April 2025
Block Energy plc, the production and development company focused on Georgia, has reached a significant milestone in Phase 2 of its CCS project, with the key process-specific subsurface uncertainties, ahead of the pilot test, having been resolved. Work has shifted to the redesign of existing non-producing wells, and implementation of the pilot injection of CO2 into the reservoir.
Block Energy Announces Phase 2 Update on Georgia CCS Project | Carbon Capture Magazine | 16 April 2025
Work has been ongoing since November 2024 on Phase 2 of the CCS project. Phase 2 comprises of desktop, laboratory and field work, aimed at undertaking a pilot injection into the Patardzueli Middle Eocene reservoir, to prove mineralization and permanent storage of CO2, and therefore the feasibility of an industrial level sequestration project.
Block Energy PLC – Total Market Solutions | Total Market Solutions | 15 April 2025
“…Block represents an opportunity for those looking for relatively unheralded opportunities to invest in Europe’s ongoing demand for oil and gas. With big stakes in multiple ventures BLOE only needs one of them to come right…”
Block Energy gains Georgia gas field, boosting project III resources | Shares Magazine | 17 March 2025
Block Energy PLC on Monday said it has secured the operational rights to the Upper Eocene, Lower Eocene, and Upper Cretaceous formations in Georgia’s Samgori South Dome field, expanding its project III gas resources…
Block acquires Samgori South Dome | Extractive Industries | 17 March 2025
Block Energy plc has acquired a further 574 billion cubic feet unrisked prospective resources by securing the operational rights in the Samgori South Dome field in southeast Georgia….
3 UK Penny Stocks With Market Caps Over £4M To Consider | Yahoo Finance | 11 February 2025
These stocks can offer affordability and growth potential when they are backed by strong financials, presenting a unique opportunity for those willing to explore beyond traditional blue-chip investments….
Block Energy’s quest for gas in Georgia | Newsbase | 21 January 2025
London-listed Block Energy is continuing its search for partners to appraise and develop a multi-trillion cubic foot gas resource in Georgia that, should it live up to early assessments, prove transformational for the country’s energy sector, the company’s commercial manager, Fergus Robson, tells NewsBase…
Block Energy advances CCS project in Georgia | Offshore Technology | 27 November 2024
UK-based oil and gas company Block Energy has initiated phase two studies for its carbon capture and storage (CCS) project in licence XIB in Georgia…
On trying to look beyond politics | Master Investor | 1 November 2024
Opportunities are out there for investors able to focus on fundamentals amidst the clamour of political debate – including Block Energy in Georgia…
Block Energy announces increased EBITDA and 2C resource growth in H1 2024 interim results | Energy Connects | 6 September 2024
Block Energy plc, a development and production company focused on oil and gas in Georgia, has announced its interim results for the first half of 2024. Despite facing operational challenges, the company has maintained positive cash flow and increased its earnings before interest, taxes, depreciation, and amortisation (EBITDA), highlighting steady production performance…
Block Energy Plc Reveals Positive Interim Results | TipRanks | 6 September 2024
Block Energy Plc reports stable operational performance and strategic progress in its interim results for the first half of 2024, with an increase in EBITDA to $645,000 and a marginal profit compared to a loss in the previous year…
Block building ‘hidden gem’ for energy investors | Upstream | 6 September 2024
Georgia, sitting at the intersection of Europe and Asia, is known for its rugged mountain landscapes, Black Sea beaches and good local wine. But as an oil and gas province, the country decidedly takes a back seat to neighbouring Azerbaijan, even though it has been producing for decades. Block Energy chief executive officer Paul Haywood hopes to change that perception, insisting Georgia is a ‘hidden gem’ for investors…
Interview with Paul Haywood | Total Market Solutions | 18 August 2024
Where we differ, certainly to our peer group, is we are cash flow positive and we are building a sustainable business. This isn’t a science project for myself and the team…
What oil and gas company Block Energy is working on in Georgia | Business Media | 30 June 2024
Block Energy, which has been working on oil and gas exploration and production in Georgia since 2018, is currently focused on a carbon capture and storage project, as well as on finding a partner to develop its natural gas project (translated from Georgian)….
Block Energy increases 2023 oil and gas production, progresses drilling operations in Georgia | World Oil | 27 May 2024
Block Energy plc, the development and production company focused on Georgia, announced its audited results for 2023…
Block Energy Plc Reports Strong Growth in 2023 | TipRanks News Desk | 23 May 2024
Block Energy Plc, a Georgian oil and gas company, has reported significant strides in its operations, including a notable rise in EBITDA from $158,000 to $1,469,000 and an increase in oil and gas production for the year 2023…
One of the largest CO2 stores in Europe will be developed by Block Energy | Carbon Capture Technology Expo | 13 May 2024
It was recently announced that Block Energy signed an MoU with JSC Rustavi Azot, who are a subsidiary or Indorama Corporation, which is a leading chemical company in Asia…
Georgia: Block Energy announces Carbon Sequestration MoU | energy-pedia | 8 May 2024
Block Energy, the development and production company focused on Georgia, has announced a Memorandum of Understanding (‘MoU’) with JSC Rustavi Azot, a subsidiary of Indorama Corporation, one of Asia’s leading chemical companies, to develop the Carbon Capture and Storage (‘CCS’) opportunity identified within Block’s Patardzeuli-Samgori Middle Eocene reservoir….
Earnings and trading update | Shares Magazine | 4 March 2024
Block Energy PLC – Resource exploration and production company focused on Georgia – Upgrades resource estimate for its Rustavi and Teleti fields…
Block Energy launches farm-out process at Project III | ShareCast | 12 February 2024
Block Energy announced the start of the farm-out process for Project III on Monday, targeting the development of a gas resource in Georgia…
Georgia: Block Energy commences Project III farm-out process | energy-pedia | 12 February 2024
Block Energy, the development and production company focused on Georgia, has launched the farm-out process for Project III, targeting the development of a gas resource of strategic significance to the Georgian state through the appointment of LAB Energy Advisors, a leading independent energy advisory company…
Report indicates significant natural gas resources in Block Energy-operated fields in Georgia | World Oil | 11 February 2024
Block Energy (LON: BLOE) has published an independent report covering the gas resource within Licence B in the Republic of Georgia. This shows headline recoverable 2C gas resources of 1,072bcf, which is slightly larger than the company’s own estimate and this can help the gas producer to farm-out the acreage….
Block Energy’s $501m prospect | UK Investor Magazine | 8 February 2024
Block Energy plc, a development and production company in Georgia, announced an Independent Engineering Report indicating over 1 Tcf of 2C contingent natural gas resources in the Patardzueli and Samgori fields in license XIB with a Net Present Value of more than $500 million…
Carbon Capture and Storage Opportunity in Block XIB | Block Energy | 22 January 2024
An insightful interview with Professor Eric Oelkers, a leading expert in the field of water-rock interactions, who led the CCS study on block XIB….
Block Energy takes wraps off large carbon capture opportunity | ShareCast | 16 January 2024
Georgia-focussed developer and producer Block Energy unveiled a significant carbon capture and storage (CCS) opportunity within Block XIB on Tuesday…..
Block Energy Eyes Farm-Out of Georgia Asset | Rigzone | 27 December 2023
Block Energy plc has announced that Project III in the onshore fields of Georgia is ready to support a farm-out plan at the asset level……
Interview with Paul Haywood | Business Media Georgia | 6 December 2023
Paul Haywood sits down with Business Media Georgia to discuss Block’s current projects, investment-to-date in Georgia, historical production, government and GOGL relationships, and future ambitions…..
Block Energy Part II: The Four Projects | Total Market Solutions | 29 September 2023
Battle-hardened with money in the bank and a clear plan, prospective investors should take the time to understand the company’s multi-tiered strategy, and be prepared to hold as the value of its assets are gradually unlocked, together – hopefully for all of the Block stakeholders – with the value of its shares…
Block Energy Part I: The Four Projects | Total Market Solutions | 7
September 2023
Georgia’s growing economy has generated the surging demand for energy to which Block wants to make an ever greater contribution. Georgia continues to forge its own path, developing a liberal economy and democracy with due sensitivity to its geographic and cultural location somewhere between east and west…