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Block Energy PLC
Lansdowne House, 57 Berkeley Square
Phone: +44 2034689891p:+44 2034689891 LONDON, W1J 6ER  United Kingdom Ticker: BLOEBLOE
Business Summary
Block Energy Plc is an independent oil and gas production and development company focused on fields in Georgia. The Company’s projects include Blocks XI B & IX, West Rustavi, Norio, and Satskhenisi. The Company is engaged in the evaluation and development of natural gas resources throughout the Eocene in Blocks XIF and XIB. Block XIB (about 615 square kilometers) is a productive block, with over 180 million bbls of oil produced from the Middle Eocene. Exploration Block IX has about 38 wells with two drilled wells with oil and gas shows. West Rustavi onshore oil and gas field covers approximately 36.5 square kilometers (km2) with multiple wells. Norio onshore oil field is located approximately 35 kilometers (km) from the center of Tbilisi. Satskhenisi onshore oil field produces from the Maikop and shallow Sarmatian lithologies. The Company's segments include Oil Extraction and Corporate and other. The Company has an operations subsidiary in Georgia, Block Operating Company LLC (BOC).

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
6/30/202312/31/2022Yes----

Industries
SIC Code Description
1311 Crude petroleum and natural gas

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Independent Non-Executive Chairman of the Board PhilipDimmock 6/11/2018 6/11/2018
Chief Executive Officer, Executive Director PaulHaywood
Chief Operating Officer KennethSeymour 1/10/2023 9/7/2021
Senior Non-Executive Independent Director JeremyAsher 65 12/9/2021 8/13/2021

Business Names
Business Name
Block Norioskhevi Ltd
Block Operating Company LLC
Block Rustaveli Limited
8 additional Business Names available in full report.

General Information
Number of Employees: 168 (As of 12/31/2022)
Outstanding Shares: 724,675,812 (As of 8/8/2023)
Stock Exchange: LON
Fax Number: +44 01622814510


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Friday, April 19, 2024