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Block Energy Plc (GB:BLOE)
LSE:BLOE
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Block Energy Plc (BLOE) AI Stock Analysis

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GB:BLOE

Block Energy Plc

(LSE:BLOE)

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Neutral 46 (OpenAI - 4o)
Rating:46Neutral
Price Target:
1.00p
▲(17.65% Upside)
Block Energy Plc's overall stock score is primarily impacted by its challenging financial performance and bearish technical indicators. The negative P/E ratio and lack of dividend yield further weigh on the valuation. The absence of earnings call insights and corporate events leaves the focus on existing financial and market data.

Block Energy Plc (BLOE) vs. iShares MSCI United Kingdom ETF (EWC)

Block Energy Plc Business Overview & Revenue Model

Company DescriptionBlock Energy Plc explores for, develops, and produces oil and gas in the Republic of Georgia. Its flagship field is the 100% owned West Rustavi onshore oil and gas field located in Kura basin. The company also owns 100% working interests in Block IX, Block XI, and Norio onshore oil fields, and 90% working interest in Satskhenisi onshore oil field located in Kura basin. The company was formerly known as Goldcrest Resources Plc and changed its name to Block Energy Plc in May 2017. Block Energy Plc was incorporated in 2005 and is headquartered in London, the United Kingdom.
How the Company Makes MoneyBlock Energy Plc generates revenue primarily through the sale of crude oil and natural gas produced from its exploration and production activities. The company's revenue model is heavily reliant on the successful operation of its oil and gas wells, where it earns income from the sale of hydrocarbons to various markets. Key revenue streams include direct sales to local and international buyers, as well as potential revenue from partnerships with other energy firms for joint ventures or service agreements. Additionally, fluctuations in global oil and gas prices significantly impact revenue, as well as the company's ability to effectively manage operational costs and production levels. Strategic partnerships with local and international companies can also enhance Block Energy's market position and revenue potential.

Block Energy Plc Financial Statement Overview

Summary
Block Energy Plc faces declining revenues and persistent profitability issues, with a negative net profit margin and weak return on equity. Despite a strong balance sheet with low leverage and improved cash flow management, operational inefficiencies remain a concern.
Income Statement
45
Neutral
Block Energy Plc has shown a decline in revenue growth with a negative rate of -6.96% in the latest year, indicating a challenging market environment. The gross profit margin has decreased slightly to 36.89%, and the net profit margin remains negative at -8.08%, reflecting ongoing profitability challenges. Despite a slight improvement in EBITDA margin to 11.39%, the company still faces operational inefficiencies as indicated by the negative EBIT margin.
Balance Sheet
60
Neutral
The company maintains a low debt-to-equity ratio of 0.079, suggesting conservative leverage and financial stability. However, the return on equity is negative at -2.41%, indicating that the company is not generating sufficient returns on shareholders' equity. The equity ratio is strong, highlighting a solid capital structure, but profitability remains a concern.
Cash Flow
55
Neutral
Block Energy Plc has shown significant improvement in free cash flow growth at 412.65%, indicating better cash management. The operating cash flow to net income ratio is 0.64, suggesting that the company is generating cash from operations, though the free cash flow to net income ratio of 0.53 indicates room for improvement in converting earnings into cash.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue7.53M8.37M8.26M6.11M1.25M
Gross Profit2.78M3.17M2.31M231.00K-1.73M
EBITDA858.00K-909.00K415.00K-1.79M-4.72M
Net Income-609.00K-2.21M-1.61M-4.78M-5.51M
Balance Sheet
Total Assets29.48M29.96M30.62M30.93M34.01M
Cash, Cash Equivalents and Short-Term Investments1.14M713.00K450.00K1.24M6.33M
Total Debt2.00M2.00M0.000.000.00
Total Liabilities4.17M4.26M3.42M3.86M4.32M
Stockholders Equity25.31M25.71M27.20M27.07M29.69M
Cash Flow
Free Cash Flow734.00K-1.52M-1.21M-6.97M-5.81M
Operating Cash Flow1.40M1.57M1.52M-565.00K-3.19M
Investing Cash Flow-657.00K-3.06M-2.45M-6.12M-2.60M
Financing Cash Flow-311.00K1.75M-1.00K1.46M5.34M

Block Energy Plc Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.85
Price Trends
50DMA
0.89
Negative
100DMA
0.94
Negative
200DMA
0.87
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
43.93
Neutral
STOCH
24.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BLOE, the sentiment is Negative. The current price of 0.85 is below the 20-day moving average (MA) of 0.91, below the 50-day MA of 0.89, and below the 200-day MA of 0.87, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.93 is Neutral, neither overbought nor oversold. The STOCH value of 24.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:BLOE.

Block Energy Plc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
46
Neutral
£6.57M-2.34%-12.37%76.00%
33
Underperform
£6.91M-7.2927.27%
65
Neutral
$15.17B7.614.09%5.20%3.87%-62.32%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:BLOE
Block Energy Plc
0.85
0.03
3.66%
GB:DELT
Deltic Energy
7.25
2.00
38.10%
GB:TRP
Tower Resources
0.03
-0.02
-40.00%
GB:UJO
Union Jack Oil
4.85
-9.40
-65.96%
GB:PPP
Pennpetro Energy Plc
9.55
0.00
0.00%
GB:ORCA
Orcadian Energy Plc
8.75
1.25
16.67%

Block Energy Plc Corporate Events

Business Operations and Strategy
Block Energy Finalizes Farmout Agreement for Georgian License
Positive
Sep 4, 2025

Block Energy plc has finalized negotiations for the farmout of its XIQ license, part of Project IV in Georgia, to a leading international exploration and production company. The agreement, pending government approval, allows the partner to acquire up to a 75% interest in the license, with an option to increase to 92.5% following a work program involving 3D seismic and drilling. This development marks a significant milestone for Block Energy, potentially unlocking the XIQ’s resource potential and providing momentum for other projects.

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.

Business Operations and Strategy
Block Energy Completes Landmark CO2 Injection in Georgia
Positive
Aug 26, 2025

Block Energy plc has successfully completed its initial CO2 injection as part of its Carbon Capture Storage project in Georgia, marking the first successful pilot of its kind in Eastern Europe. This milestone positions Block Energy as a leader in low-cost CCS technology, paving the way for commercial opportunities and collaborations with industrial partners and carbon markets. The pilot aims to demonstrate the viability of large-scale CO2 mineralisation, potentially offering solutions for carbon emissions reduction in Georgia and beyond. The project aligns with EU carbon regulations and reflects a commitment to sustainable industrial practices.

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.

Business Operations and StrategyProduct-Related Announcements
Block Energy Advances Multi-Project Portfolio with Key Updates
Positive
Aug 12, 2025

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.

Business Operations and StrategyShareholder Meetings
Block Energy Secures Shareholder Approval at AGM
Positive
Jun 25, 2025

Block Energy plc announced that all resolutions at its Annual General Meeting were approved by shareholders, indicating strong support for the company’s strategic direction. This approval reinforces Block Energy’s position in the energy sector, particularly in Georgia, and supports its ongoing projects and strategic goals, potentially impacting stakeholders positively by enhancing production and development activities.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Sep 26, 2025