Block Energy Plc announces that it has today allotted 1,723,650 new ordinary shares of 0.25 pence each in the Company pursuant to the exercise of options by a former director. The options exercised had an exercise price of 4 pence, and amount in aggregate to £68,946. Block Energy is an AIM quoted oil and gas company with a growing portfolio of production,...
RNS Number: 8752 Z Block Energy PLC 22 May 2019 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: 7308 Z Block Energy PLC 21 May 2019 21 May 2019. Further to the announcement of 15 May 2019, Block Energy plc, the exploration and production company focused on the Republic of Georgia, confirms that the 42,820,000 Firm Placing Shares have today been allotted. It is expected that the Firm Placing Shares will be admitted to trading on AIM at 8.00 a.m. on 22...
Andrew Hore, Quoted Micro writes about #AEO #AFRI #ANG #ARBB #BLOE #BRES #CHH #CRL #DFCH #FFI #GWIN #HASH #HWC #KR1 #MACF #MAIS #MYSL #NMCN #NQMI #PPI #PRIM #SATI #SFE #SND #TENG #TOOP #TRU #TTAU #VLTY
Block Energy I notice that Block has raised £12m at 11p, a 15.7% discount which would have surprised many investors not long ago. Readers will know that I am a big fan of Block which is already delivering the goods, this money will help upgrade facilities, drill more side-tracks and even do some 3D seismic work. I’m scheduled a meeting with Paul Haywood soon and will further update after that
RNS Number: 4534 Z Block Energy PLC 17 May 2019 17 May 2019. Block Energy PLC, the exploration and production company focused on the Republic of Georgia, is pleased to announce that the updated corporate presentation is now available to view on the Company's website at: RNS is approved by the Financial...
RNS Number: 3268 Z Block Energy PLC 16 May 2019 16 May 2019. Posting of Circular to Shareholders. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2878 Z Block Energy PLC 16 May 2019 16 May 2019. The Company announces that Novum Securities Limited has today stepped down as broker to Block Energy. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2379 Z Block Energy PLC 16 May 2019 16 May 2019. Further to the announcement made yesterday, Block Energy plc, the exploration and production company focused on the Republic of Georgia, is pleased to announce it has completed a placing of 109,090,000 new Ordinary Shares, raising approximately £1 2 million with institutional investors at a Placing...
RNS Number: 1788 Z Block Energy PLC 15 May 2019 15 May 2019. Proposed Placing to Raise up to GBP 12 m million. Block Energy PLC, the exploration and production company focused on the Republic of Georgia, today announces its intention to conduct an accelerated bookbuild to raise gross proceeds of up to approximately GBP 12 m by way of a placing of new ordinary shares of...
Block Energy Plc announces that it has today allotted 225,000 new ordinary shares of 0.25 pence each in the Company pursuant to the exercise of a warrant. The warrant exercised had an exercise price of 4 pence, and amounts in aggregate to £9,000. Block Energy is an AIM quoted oil and gas company with a growing portfolio of production, development and exploration...
Block Energy Plc announces that it has today allotted 3,624,326 new ordinary shares of 0.25 pence each in the Company pursuant to the exercise of warrants. The warrants exercised had an exercise price of 4 pence. Block Energy is an AIM quoted oil and gas company with a growing portfolio of production, development and exploration assets in the Republic of...
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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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