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
· 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/ or
contact:
|
Paul
Haywood
(Chief Executive Officer)
|
Block Energy plc
|
Tel: +44 (0)20 3468 9891
|
|
Neil
Baldwin
(Nominated Adviser)
|
Spark Advisory Partners Limited
|
Tel: +44 (0)20 3368 3554
|
|
Peter
Krens
(Corporate Broker)
|
Tennyson Securities
|
Tel: +44 (0)20 7186 9030
|
|
Philip Dennis / Mark Antelme / Ali
AlQahtani
(Financial PR)
|
Celicourt
Communications
|
Tel: +44 (0)20 7770
6424
|
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 km2, 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.