Block Energy Plc, the exploration and production company focused on Georgia, announces, further to the RNS announcement of 7 April 2020 in which the Company announced the scheme to conserve cash by paying 40% of salaries and directors' fees in options, that on 1 June 2020 it issued to directors/PDMRs and employees nil-cost options over a total of 1,384,383...
RNS Number: 1221 N Block Energy PLC 18 May 2020 18 May 2020. The Company's AGM will be held at 10:00 a.m. on 18 June 2020 at 48 Warwick Street, London W1B 5 AW. Given the current COVID-19 pandemic and the associated UK Government measures, including restricted travel and prohibition on public gatherings of more than two people, it will not be possible for...
RNS Number: 7607 M Block Energy PLC 13 May 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 7597 M Block Energy PLC 13 May 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 7368 L Block Energy PLC 04 May 2020 4 May 2020. Block Energy Plc, the exploration and production company focused on Georgia, announces, further to the RNS announcement of 7 April 2020 in which the Company announced the scheme to conserve cash by paying 40% of salaries and directors' fees in options, that on 1 May 2020 it issued to directors/PDMRs and...
Block Energy Plc, the exploration and production company focused on Georgia, is pleased to announce its preliminary results for the 18 months period ending 31 December 2019.. ·The Group continued to grow its portfolio of oil and gas assets in Georgia by increasing its working interest in the West Rustavi Production Sharing Contract from 25% to 100% for total...
RNS Number: 3614 L Block Energy PLC 29 April 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 3614 L Block Energy PLC 29 April 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Block Energy #BLOE - An investor with good eyesight has noticed that there have been some share stake movements over at Block Energy with TR-1’s showing that Georgia Oil & Gas have recently been selling their stake down in two 1% lumps and are now below the 3% limit. Who might be going the other way I ask, could it possibly be oil industry mover and shaker Jon Fitzpatrick who appeared on the shareholder register with a shy 3% stake a little while ago, we shall see as one must assume that GOG who have 2.8% left might just be an ongoing seller…
RNS Number: 6925 K Block Energy PLC 23 April 2020 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 6915 K Block Energy PLC 23 April 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 6902 K Block Energy PLC 23 April 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 0661 J Block Energy PLC 07 April 2020 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Block Energy Plc, the exploration and production company focused on Georgia, announces an Operations Update including actions taken following the Covid-19 outbreak. ·At 6 April 2020, cash balance of US $3.4 million and net crude oil inventory valued at US $470,000. ·Early production facility, including a gas processing unit, currently in transit to Georgia.
RNS Number: 1921 I Block Energy PLC 31 March 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 1914 I Block Energy PLC 31 March 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Block Energy
BLOE.L
Block Energy
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Company Profile

Block Energy (BLOE) is an AIM traded oil and gas company with a growing portfolio of production, development and exploration assets in the Republic of Georgia. Block holds a 100% Working Interest in the producing Norio licence, a 90% Working Interest in the producing Satskhenisi licence and a 25% interest and the right to earn a 75% Working Interest in the West Rustavi permit. Block’s three licences lie in the heart of the prolific Kura basin, where Schlumberger, the world’s largest oilfield services provider, recently acquired a 100% strategic position. Block’s licences currently hold net proven oil reserves of 1.5 million barrels plus 60 million barrels of oil and c.600 billion cubic feet (‘bcf’) of gas classified as 2C contingent resources. The short-term target is to raise production to 900 bopd from 15 bopd within 18 months via a low cost, low risk workover and sidetrack programme of existing wells, and then utilise cashflow to drill horizontal wells and sidetracks to rapidly raise production to c.2,000 bopd.

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