Built on production. Positioned for growth.
4,256 km²
Licence area
2.77 TCF
Strategic gas resource
7 PSCs
In Georgia
76.5%
Interest in Gabon assets
Our strategy
Building value across a diversified energy portfolio
Block Energy is a rising AIM-listed independent energy company with a well established operating base in Georgia, and a new low-risk high-impact offshore growth position in Gabon.
Since joining AIM in 2018 Block has accumulated a diversified portfolio offering multiple routes value creation, encompassing production, redevelopment gas monetisation, carried exploration, and carbon capture and storage (CCS).
Backed by committed investors including directors, employees and specialist funds, Block is pursuing a near-term (12 to 18 month) strategy to build on existing operating capacity and farm-out success by converting technical potential into booked value, funded work programmes and equity re-rating.
Established in Georgia
A proven operating platform
Led by a management team with unrivalled experience in the Caucasus, and supported by a fully staffed Georgian operating base with proven delivery capacity, Block has interests in seven Production Sharing Contracts in central Georgia covering a total area of 4,256 km².
Our projects
Block is pursuing four concurrent Georgian projects to:
Increase existing production
Identify new oil and gas deposits
Redevelop existing fields
Commercialise oil, gas and CCS potential
This diversified approach creates multiple pathways for value creation while leveraging Block’s established operational presence in Georgia.
Block is applying cutting edge exploration technologies to unlock proven hydrocarbons with four reservoir sequences, including a strategic gas resource.
Gabon
Our entry into offshore Gabon marks a significant step in our growth strategy, adding discovered resources, exploration upside, and exposure to a mature hydrocarbon province
Project I
Project I combines established production, development potential, and innovative drilling techniques to generate cash flow, support future growth, and maximise value across the wider portfolio
Project II
Project II is focused on realising the substantial potential of the Patardzeuli-Samgori field, leveraging a large contingent resource base, proven production history, and attractive development opportunities
Project III
Project III is focused on developing a world-class gas resource with multi-trillion cubic feet potential, supported by strategic partnerships and significant long-term value creation opportunities
Project IV
Project IV targets significant exploration upside across multiple licences, supported by a strategic farm-out partnership and a fully funded programme designed to unlock substantial resource potential
Carbon Capture and Storage
Our CCS initiative has the potential to establish a major CO₂ storage hub in Georgia, supporting industrial decarbonisation and contributing to long-term net-zero objectives
Commercialisation
With established operations in Georgia and a new platform in Gabon, we are pursuing defined routes to commercialisation through market access, infrastructure, and low-cost entry into proven hydrocarbon provinces
Carbon Capture and Storage
A potential European-scale CCS opportunity
A successful CO₂ mineralisation injection test, the first completed in the Eastern European region, highlights the possibility for a CO₂ storage capacity that would rank – at both reservoir and basin scales – amongst the highest in Europe.
Expanding into Gabon
A new offshore growth platform
Block expanded beyond Georgia this year with by taking a 76.5% indirect economic interest in the Ndjila and Mpari PSCs, large contiguous licences offshore Gabon with discovered oil. An advanced anchor discovery tested at 3,300 bopd is primed and ready to go.
Why Block Energy
Diversified portfolio
Production, redevelopment, gas, exploration and CCS opportunities
Proven operators
Experienced management team with an established in-country operating base
Funded growth
Farm-out success helping advance projects with reduced capital exposure
International expansion
Growing from a strong Georgian foundation into offshore Gabon