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Block Energy Plc
(LSE:BLOE)
Block Energy Plc (BLOE) vs. iShares MSCI United Kingdom ETF (EWC)
Block Energy Plc Business Overview & Revenue Model
Block Energy Plc Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.22M | 7.53M | 8.37M | 8.26M | 6.11M | 1.25M |
| Gross Profit | 3.07M | 2.78M | 3.17M | 2.31M | 3.13M | -948.00K |
| EBITDA | 453.00K | 858.00K | -909.00K | 415.00K | -1.79M | -4.72M |
| Net Income | -1.25M | -609.00K | -2.21M | -1.61M | -4.78M | -5.51M |
Balance Sheet | ||||||
| Total Assets | 28.45M | 29.48M | 29.96M | 30.62M | 30.93M | 34.01M |
| Cash, Cash Equivalents and Short-Term Investments | 845.00K | 1.14M | 713.00K | 450.00K | 1.24M | 6.33M |
| Total Debt | 2.00M | 2.00M | 2.00M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 3.37M | 4.17M | 4.26M | 3.42M | 3.86M | 4.32M |
| Stockholders Equity | 25.08M | 25.31M | 25.71M | 27.20M | 27.07M | 29.69M |
Cash Flow | ||||||
| Free Cash Flow | 771.00K | 734.00K | -1.52M | -1.21M | -6.97M | -5.81M |
| Operating Cash Flow | 1.18M | 1.40M | 1.57M | 1.52M | -565.00K | -3.19M |
| Investing Cash Flow | -706.00K | -657.00K | -3.06M | -2.45M | -6.12M | -2.60M |
| Financing Cash Flow | -278.00K | -311.00K | 1.75M | -1.00K | 1.46M | 5.34M |
Block Energy Plc Technical Analysis
Block Energy Plc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
53 Neutral | £11.93M | -2.68 | -16.91% | ― | -29.63% | -427.78% | |
51 Neutral | £11.63M | -19.17 | ― | ― | -12.37% | 76.00% | |
50 Neutral | £19.05M | -1.83 | -56.16% | ― | ― | ― | |
48 Neutral | £5.90M | -2.42 | -16.07% | ― | ― | ― | |
44 Neutral | £9.04M | -2.80 | -5.14% | ― | ― | ― |
Block Energy Plc Corporate Events
Block Energy plc has extended the term of its existing US$2.0 million senior secured loan facility by a further 18 months to 2 August 2027 on largely unchanged terms, bolstering balance sheet and working capital flexibility as it advances high-impact initiatives such as Projects III and IV and its carbon capture and storage (CCS) project in Georgia. In consideration for the extension, lenders will receive 60,386,474 new warrants exercisable at 1.20p per share until February 2029, while earlier warrants issued in 2023 will expire in February 2026; related-party lenders including CEO Paul Haywood and former subsidiary director Fergus Robson will receive their pro rata allocation of warrants, with independent directors deeming the terms fair and reasonable for shareholders. Separately, Block has issued 4,096,347 new ordinary shares following a former employee’s exercise of nil-cost options, taking total voting rights to 1,015,743,839 and modestly diluting existing holders, as the company emphasises that the strengthened funding position should support delivery of key growth milestones and long-term shareholder value.
The most recent analyst rating on (GB:BLOE) stock is a Hold with a £1.50 price target. To see the full list of analyst forecasts on Block Energy Plc stock, see the GB:BLOE Stock Forecast page.
Block Energy has completed the farm-out of its XIQ licence (Project IV) in Georgia to Aspect Georgia, a subsidiary of US-based Aspect Energy, following approval from the Georgian government. Under the deal, Aspect Georgia will fully fund an estimated US$95 million staged work programme, including seismic acquisition, exploration and appraisal drilling, and early production facilities, allowing Block to be fully carried with no capital exposure while Aspect can earn up to a 75% working interest, with an option to increase to 92.5% for additional consideration. The programme will target the Martkopi Terrace prospect, which has significant independently assessed prospective resources, and management views the transaction as a material milestone in its partner-led growth model, providing external validation of its assets, preserving upside for Block and offering positive read-across to its adjacent acreage and other Georgian projects, with seismic work expected to start in 2026.
The most recent analyst rating on (GB:BLOE) stock is a Hold with a £0.70 price target. To see the full list of analyst forecasts on Block Energy Plc stock, see the GB:BLOE Stock Forecast page.
Block Energy has reported highly encouraging initial results from its Phase 1 carbon capture and storage pilot in Georgia, where post-injection sampling and independent laboratory analysis indicate that 70%–100% of the 13.6 tonnes of CO2 injected in August into the Middle Eocene reservoir at the Patardzeuli field has mineralised into solid carbonate minerals within three months. No gaseous CO2 was detected at the surface, and tracer data combined with geochemical interpretation from technical adviser OPC confirm rapid in-reservoir mineralisation and permanent storage, significantly de‑risking the project and providing a strong technical basis for scaling up to a field-wide CCS scheme. Early assessments suggest the reservoir could store around 151.5 million tonnes of CO2 through mineralisation, and Block, together with JV partner Rustavi Azot of Indorama Corporation, will now refine storage capacity and injection rates, seek independent certification of the permanent storage, and evaluate commercial pathways including third‑party storage and integration with industrial emitters, positioning the company as a potential provider of high‑integrity CCS solutions for hard‑to‑abate sectors in Georgia’s industrial heartland.
The most recent analyst rating on (GB:BLOE) stock is a Hold with a £0.65 price target. To see the full list of analyst forecasts on Block Energy Plc stock, see the GB:BLOE Stock Forecast page.
Block Energy plc has announced the completion of its capital structure simplification following shareholder approval at a General Meeting. The company will issue 7,275,412 new shares, which will be admitted to trading on AIM. This move is expected to streamline the company’s operations and enhance transparency for stakeholders, as the total voting rights will now comprise 1,011,647,492 ordinary shares.
The most recent analyst rating on (GB:BLOE) stock is a Hold with a £0.65 price target. To see the full list of analyst forecasts on Block Energy Plc stock, see the GB:BLOE Stock Forecast page.
Block Energy plc announced that all resolutions proposed at its General Meeting were approved by shareholders, with significant majorities. This approval reflects strong shareholder support and may positively impact the company’s operational strategies and market positioning in the Georgian oil and gas sector.
The most recent analyst rating on (GB:BLOE) stock is a Hold with a £0.65 price target. To see the full list of analyst forecasts on Block Energy Plc stock, see the GB:BLOE Stock Forecast page.
Block Energy plc has received a non-binding farm-in offer from a large energy company for its Project III, which includes a full carry of the Patardzueli-Samgori appraisal program and initial development. The offer, subject to customary agreements and Georgian government approval, could significantly impact Block Energy’s operations by advancing the development of fields with over 1 Tcf of 2C contingent gas resources, enhancing its position in the European energy market.
The most recent analyst rating on (GB:BLOE) stock is a Hold with a £0.65 price target. To see the full list of analyst forecasts on Block Energy Plc stock, see the GB:BLOE Stock Forecast page.
Block Energy plc has announced a General Meeting scheduled for December 12, 2025, at its London office. This meeting is part of the company’s ongoing efforts to engage with shareholders and discuss its strategic initiatives in Georgia, where it aims to unlock significant energy potential. The company’s focus on the Georgian market, with its substantial gas resources, positions it to contribute to regional energy development and potentially impact the EU energy market.
The most recent analyst rating on (GB:BLOE) stock is a Hold with a £1.00 price target. To see the full list of analyst forecasts on Block Energy Plc stock, see the GB:BLOE Stock Forecast page.
Block Energy plc has announced a simplification of its capital structure by canceling a significant portion of unexercised share options and issuing new ordinary shares to staff members. This move aims to reduce the complexity of the company’s capital structure and address the overhang of options, potentially improving market perception and shareholder value. The simplification exercise involves exchanging previously granted options for new shares, with the overall share capital increasing slightly while the number of options in issue decreases significantly. The company’s largest shareholder, the Block Energy plc Employee Benefit Trust, will utilize its shares as part of this exercise, and additional shares will be issued to balance the changes.
The most recent analyst rating on (GB:BLOE) stock is a Hold with a £1.00 price target. To see the full list of analyst forecasts on Block Energy Plc stock, see the GB:BLOE Stock Forecast page.
Block Energy plc has successfully raised £1.5 million through an institutional equity fundraising, enhancing its financial flexibility to advance various growth initiatives. The funds will support farm-out projects, development of a CCS project, and exploration of new ventures in Georgia and internationally. The company is making significant progress on several projects, including Project IV and Project III, which involve strategic partnerships and potential gas production increases. The successful drilling of well KRT-39ST using ‘slim-hole’ technology marks a technical milestone for the company in Georgia.
The most recent analyst rating on (GB:BLOE) stock is a Hold with a £1.00 price target. To see the full list of analyst forecasts on Block Energy Plc stock, see the GB:BLOE Stock Forecast page.
Block Energy plc has successfully raised £1.5 million through an equity fundraising, strengthening its financial position to advance multiple projects in Georgia. The funds will support ongoing farm-out negotiations for Projects III and IV, as well as the development of a carbon capture and storage project and new ventures. The company is making significant progress in its operations, including the successful drilling of well KRT-39ST using slim-hole technology and advancing negotiations with international partners for strategic gas projects. This fundraising and operational update positions Block Energy to enhance its industry standing and deliver growth opportunities.
The most recent analyst rating on (GB:BLOE) stock is a Hold with a £1.00 price target. To see the full list of analyst forecasts on Block Energy Plc stock, see the GB:BLOE Stock Forecast page.