Change of Accounting Reference Date

26 June 2019

Block Energy PLC

Change of Accounting Reference Date and Second Interim Results for the 12-month period ending 30 June 2019

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, announces that, in order to bring its financial reporting into line with peer companies and to carry out its year-end work when there is a seasonal reduction in operational activities, it is changing its accounting reference date, with immediate effect, from 30 June to 31 December.

Accordingly, the Company will release a second set of unaudited interim results for the 12-month period ending 30 June 2019 (which will be reviewed by the Company's auditor) by 30 September 2019; and the Company's final (audited) results for the 18-month period ending 31 December 2019 by 30 April 2020.

 Following this transitional 18-month period, the Company will look to report as follows:

 · unaudited interim results for the six-month period ending 30 June 2020 to be announced by 30 September 2020 (and similarly in subsequent periods); and

· audited final results for the year ending 31 December 2020 to be announced by 30 June 2021 (with the same timetable in subsequent periods).

For more information, contact:

NOTES TO EDITORS

About Block Energy

Block Energy (BLOE.L) is an AIM quoted 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 ("WI") in the producing Norio licence, a 90% WI in the producing Satskhenisi licence and a 71.5% WI in the West Rustavi licence, with an agreement to take a 100% WI.

For more information see www.blockenergy.co.uk