RCS - Block Energy PLC - Investor Presentation via Investor Meet Company

Block EnergyAnnouncement

05/03/2024 07:15

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RNS Number : 6093F  Block Energy PLC  05 March 2024

5 March 2024

Block Energy plc

("Block" or the "Company")

Investor Webinar

Block Energy plc, the development and production company focused on Georgia,
is pleased to announce that CEO Paul Haywood will provide a live investor
presentation via the Investor Meet Company platform on Monday 11 March 2024 at
17:00 GMT.

The live presentation is open to all existing and prospective investors.
Following the Company's recently released Independent Engineering Report on
the Patardzueli-Samgori field and the Internal Contingent Resource Upgrade on
the Rustavi and Teleti fields, the presentation will provide an update on the
Company's activities.

The live presentation will be followed by a Q&A session, held on
the Investor Meet Company platform.

Investors can sign up to Investor Meet Company for free and meet "Block
Energy" via the following link:
https://www.investormeetcompany.com/block-energy-plc/register-investor
(https://www.investormeetcompany.com/block-energy-plc/register-investor)

·    Once registered, investors are encouraged to submit questions
pre-event via the Investor Meet Company dashboard up until 9am the day
before the meeting or at any time during the live presentation.

·    While the Company will not be able to answer every question it
receives, it will address the most prominent within the confines of
information already disclosed to the market through regulatory notifications.

·    Investor feedback can also be submitted directly to management post
the event to ensure the Company can understand the views of all elements of
its shareholder base.

-ENDS-

For further information please visit http://www.blockenergy.co.uk/
(http://www.blockenergy.co.uk/)  or contact:

 Paul Haywood                                   Block Energy plc                 Tel: +44 (0)20 3468 9891

 (Chief Executive Officer)
 Neil Baldwin                                   Spark Advisory Partners Limited  Tel: +44 (0)20 3368 3554

 (Nominated Adviser)
 Peter Krens                                    Tennyson Securities              Tel: +44 (0)20 7186 9030

 (Corporate Broker)
 Philip Dennis / Mark Antelme / Ali AlQahtani   Celicourt Communications         Tel: +44 (0)20 7770 6424

 (Financial PR)

 

Notes to editors

Block Energy plc is an AIM-listed independent oil and gas production and
development company with a strategic focus on unlocking the energy potential
of Georgia. With interests in seven Production Sharing Contracts in central
Georgia, covering an area of 4,256 km(2), including the XIB licence which has
over 2.77TCF of 2C contingent gas resources, with an estimated Net Present
Value (10) ("NPV") of USD 1.65 billion, in the Patardzueli-Samgori, Rustavi
and Teleti fields. (Source: IER, OPC 2024 & Internal estimates).

The Company has structured its operations around a four-project strategy.
These projects, characterized by development stage, hydrocarbon type, and
reservoir, are pursued concurrently to achieve multiple objectives. This
includes increasing existing production, redeveloping fields, discovering new
oil and gas deposits, and capitalizing on the substantial, yet untapped, gas
resource across its licences. The goal is to deliver on multi TCF gas assets,
strategically well located for the key EU market, supported by partner funding
and cash from existing producing assets.

Located near the Georgian capital of Tbilisi, Block Energy is well-positioned
to contribute significantly to the region's energy landscape. This proximity
facilitates seamless operations and underscores our commitment to the economic
and energy development of Georgia.

 

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