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The latest announcement is out from Block Energy Plc ( (GB:BLOE) ).
Block Energy plc has provided an update on its multi-project portfolio, highlighting progress in farmouts, Carbon Capture and Storage (CCS), drilling activities, and new ventures. The company is advancing discussions on farmouts for Projects III and IV, with promising technical and commercial alignment. The CCS pilot, set to commence injection operations this quarter, could position Block as a leader in mineralisation-based CO₂ storage in the region. Additionally, the company plans to implement a cost-effective ‘slim hole’ drilling technique in Project I, potentially unlocking further low-cost drilling opportunities. Block Energy remains focused on capital-efficient growth, both within Georgia and internationally.
More about Block Energy Plc
Block Energy plc is an AIM quoted independent oil and gas production and development company focused on Georgia. With interests in seven Production Sharing Contracts in central Georgia, the company aims to unlock the energy potential of the region. Their operations are structured around a four-project strategy to increase production, redevelop fields, discover new deposits, and capitalize on untapped gas resources, strategically positioned for the EU market.
Average Trading Volume: 746,543
Technical Sentiment Signal: Strong Sell
Current Market Cap: £6.76M
See more insights into BLOE stock on TipRanks’ Stock Analysis page.