Last checked at 5 Mar 2024 07:00
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.