Block Energy (BLOE) Share Price, News & Analysis

Company Overview

Block Energy plc is an AIM quoted independent oil and gas production and development company with a strategic focus on unlocking the energy potential of Georgia. With interests in seven Production Sharing Contracts in central Georgia, covering an area of 4,256 km2, including the XIB licence which has over 2.77TCF of 2C contingent gas resources, with an estimated Net Present Value 10 ("NPV") of USD 1.65 billion, in the Patardzueli-Samgori, Rustavi and Teleti fields. (Source: IER, OPC 2024 & Internal estimates). The Company has structured its operations around a four-project strategy. These projects, characterized by development stage, hydrocarbon type, and reservoir, are pursued concurrently to achieve multiple objectives. This includes increasing existing production, redeveloping fields, discovering new oil and gas deposits, and capitalizing on the substantial, yet untapped, gas resource across its licences. The goal is to deliver on multi TCF gas assets, strategically well located for the key EU market, supported by partner funding and cash from existing producing assets. Located near the Georgian capital of Tbilisi, Block Energy is well-positioned to contribute significantly to the region's energy landscape. This proximity facilitates seamless operations and underscores our commitment to the economic and energy development of Georgia.

Key Stats

• Today's Range: 0.77 to 0.80
• 50-Day Range: 0.76 to 1.07
• 52-Week Range: 0.60 to 1.25
• Volume: 122,222 shs
• Average Volume: 1.30 million shs
• Market Capitalization: £5.95 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

BLOE Stock Analysis - Frequently Asked Questions

How have BLOE shares performed this year?

Block Energy's stock was trading at GBX 0.63 on January 1st, 2025. Since then, BLOE shares have increased by 22.2% and is now trading at GBX 0.77.

How do I buy shares of Block Energy?

Shares of BLOE stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.

What other stocks do shareholders of Block Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Block Energy investors own include BP (BP), 4D pharma (DDDD), International Consolidated Airlines Group (IAG), Petrofac (PFC), Rolls-Royce Holdings plc (RR.L), Vodafone Group Public (VOD) and Abcam (ABC).

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Energy
• Industry: Oil & Gas E&P
• Sub-Industry: N/A
• Current Symbol: LON:BLOE
• CIK: N/A
• Web: www.blockenergy.co.uk
• Phone: 44 2079 976 136
• Fax: N/A
• Employees: 168
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): GBX (0.16)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -£1.62 million
• Net Margins: -21.78%
• Pretax Margin: N/A
• Return on Equity: -6.82%
• Return on Assets: -3.56%

Debt

• Debt-to-Equity Ratio: 7.70
• Current Ratio: 3.26
• Quick Ratio: 0.71

Sales & Book Value

• Annual Sales: £7.22 million
• Price / Sales: 0.82
• Cash Flow: GBX 0.12 per share
• Price / Cash Flow: 6.50
• Book Value: GBX 2.60 per share
• Price / Book: 0.30

Miscellaneous

• Outstanding Shares: 772,653,000
• Free Float: N/A
• Market Cap: £5.95 million
• Optionable: Not Optionable
• Beta: 0.27