Block Energy plc (LSE:BLOE) has shared an update on its diverse project portfolio, detailing advances in farmouts, Carbon Capture and Storage (CCS), drilling initiatives, and new business opportunities. Negotiations for farmouts on Projects III and IV are progressing well, supported by strong technical and commercial alignment. The CCS pilot—scheduled to begin injection operations this quarter—has the potential to establish Block as a regional leader in mineralisation-based CO₂ storage. In Project I, the company plans to deploy a cost-efficient “slim hole” drilling method, which could open the door to additional low-cost drilling prospects. Block Energy continues to prioritise capital-efficient expansion across both its Georgian base and international markets.
About Block Energy plc
Block Energy plc is an AIM-listed independent oil and gas producer and developer focused on Georgia. Holding interests in seven Production Sharing Contracts in central Georgia, the company is committed to unlocking the region’s energy potential. Its operations follow a four-project strategy aimed at boosting output, redeveloping existing fields, discovering new reserves, and harnessing untapped gas resources, with a strategic eye toward supplying the EU market.
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