Recent press coverage
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…