Brief: Block Energy Executes Binding Framework Agreement With Sanning For Project III Farm-Out
14/04/2026 07:59
April 14 (Reuters) - Block Energy PLC BLOE.L: BLOCK ENERGY PLC - BINDING FRAMEWORK AGREEMENT - PROJECT III FARM OUT BLOCK ENERGY PLC - EXECUTES BINDING FRAMEWORK AGREEMENT WITH SANNING FOR PROJECT III FARM-OUT BLOCK ENERGY PLC - SANNING TO BUY 51% OF PROJECT III; BLOCK RETAINS 49% AND OPERATORS BLOCK ENERGY PLC - PROJECT III 2C GROSS SUCCESS CASE NPV10 ESTIMATED AT $2.2 BILLION BLOCK ENERGY PLC - DEAL DOCUMENTS EXPECTED TO BE FINALISED IN H2 2026 Source text: ID:nRSN2849Aa Further company coverage: BLOE.L ((Reuters.Briefs@thomsonreuters.com;))