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<title>Block Energy Plc — News on 6ix</title>
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<title>Block Energy Plc</title>
<link>https://6ix.com/company/block-energy-plc</link>
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<title>Posting of Circular</title>
<link>https://6ix.com/company/block-energy-plc/news/posting-of-circular-69</link>
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<pubDate>Wed, 29 Apr 2026 10:44:00 GMT</pubDate>
<description>Block Energy plc has posted a Circular and Notice of General Meeting to shareholders regarding a proposed Fundraising, with the General Meeting scheduled for 18 May 2026 to approve the issue of Conditional Placing Shares and grant directors authority to issue further shares. Shareholders are urged to return their proxy forms by 14 May 2026.
Disclaimer*</description>
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<title>Result of Bookbuild and WRAP Retail Offer</title>
<link>https://6ix.com/company/block-energy-plc/news/result-of-bookbuild-and-wrap-retail-offer</link>
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<pubDate>Tue, 28 Apr 2026 06:00:00 GMT</pubDate>
<description>Block Energy plc has successfully raised a total of $6.30 million (£4.66 million) before expenses through a placing and retail offer. The placing raised $6.23 million (£4.61 million) by issuing 418,701,200 shares at 1.1 pence each, while the retail offer generated $67,000 (£50,000) from 4,506,716 shares. The company will issue 77,314,000 firm shares raising approximately $1.15 million (£0.85 million), with the remaining 345,893,916 conditional shares, including those from the retail offer, raisi</description>
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<title>WRAP Retail Offer for up to £150,000</title>
<link>https://6ix.com/company/block-energy-plc/news/wrap-retail-offer-for-up-to-pound150000-1</link>
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<pubDate>Mon, 27 Apr 2026 16:13:00 GMT</pubDate>
<description>Block Energy Plc is launching a WRAP Retail Offer to raise up to £150,000 through the issuance of new ordinary shares at 1.1 pence per share, with up to 13,636,363 shares available. This offer, which is separate from a proposed placing to raise approximately $6.3 million, is open to existing UK retail shareholders and is conditional on the completion of the placing. The proceeds from the WRAP Retail Offer will be used in the same manner as the placing proceeds. Admission of the retail offer shar</description>
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<title>Binding Framework Agreement - Project III Farm Out</title>
<link>https://6ix.com/company/block-energy-plc/news/binding-framework-agreement-project-iii-farm-out</link>
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<pubDate>Tue, 14 Apr 2026 06:00:00 GMT</pubDate>
<description>Block Energy plc has entered into a binding Framework Agreement with Zhijiang Sanning Energy Co. Ltd for the farm-out of Project III, involving up to USD 75 million in carry for appraisal drilling and facilities construction. Sanning will acquire a 51% interest in Project III, which holds 2.77 TCF of 2C contingent resources with an estimated NPV10 of USD 2.2 billion, while Block retains 49% and operatorship, along with 100% of other projects and existing production. The agreement is subject to d</description>
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<title>Bonus Shares, Options, PDMR Dealings and Holding</title>
<link>https://6ix.com/company/block-energy-plc/news/bonus-shares-options-pdmr-dealings-and-holding</link>
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<pubDate>Mon, 23 Feb 2026 07:00:00 GMT</pubDate>
<description>Block Energy PLC announced the issuance of 30,428,200 ordinary shares and 9,231,083 nil-cost options to senior executives as performance-related bonuses for the financial year ended December 31, 2025. These awards were calculated using the January 2026 Volume Weighted Average Price of 0.93p per share. Specifically, CEO Paul Haywood received 25,922,903 ordinary shares, increasing his holding to 160,062,808 shares, representing 15.30% of the issued share capital. COO Guram Maisuradze was granted 5</description>
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<title>Completion of CCS Pilot Study</title>
<link>https://6ix.com/company/block-energy-plc/news/completion-of-ccs-pilot-study</link>
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<pubDate>Mon, 16 Feb 2026 07:00:00 GMT</pubDate>
<description>Block Energy plc has successfully completed a Carbon Capture Storage (CCS) pilot study at the Patardzeuli Field, with an independent report confirming the technical viability of permanent carbon storage. The study involved injecting 13.64 tonnes of dissolved carbon dioxide, which independent analysis indicates will fully mineralise into stable carbonate minerals within one to three months, with no evidence of leakage. Favourable reservoir characteristics, including reactive volcaniclastic rocks </description>
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<title>Loan Facility & Related Party Transactions</title>
<link>https://6ix.com/company/block-energy-plc/news/loan-facility-and-related-party-transactions</link>
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<pubDate>Thu, 29 Jan 2026 07:00:00 GMT</pubDate>
<description>Block Energy plc has extended its $2.0 million senior secured loan facility by 18 months to August 2, 2027, on materially the same terms, providing continued balance sheet flexibility for working capital and strategic initiatives. In connection with this extension, lenders will receive 60,386,474 new warrants exercisable at 1.20 pence per ordinary share, with CEO Paul Haywood and former director Fergus Robson receiving warrants as part of related party transactions. Additionally, 4,096,347 ordin</description>
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<title>Project IV (XIQ) Farm-out Completion</title>
<link>https://6ix.com/company/block-energy-plc/news/project-iv-xiq-farm-out-completion</link>
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<pubDate>Mon, 19 Jan 2026 07:00:00 GMT</pubDate>
<description>Block Energy plc has completed the farm-out of licence XIQ (Project IV) with Aspect Georgia, LLC, following government approval. This transaction fully carries Block Energy through a staged work programme, estimated at approximately US$95 million, with no capital exposure for the company. Aspect Georgia will earn up to a 75% working interest, with an option to increase it to 92.5% through additional consideration. The work programme, which includes seismic acquisition expected to commence in 202</description>
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<title>Phase 1 CCS Results</title>
<link>https://6ix.com/company/block-energy-plc/news/phase-1-ccs-results</link>
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<pubDate>Mon, 22 Dec 2025 07:00:00 GMT</pubDate>
<description>Block Energy plc has announced successful initial results from its Phase 1 Carbon Capture and Storage (CCS) pilot, confirming rapid mineralisation of injected CO2 with 70% to 100% achieved since August 2025, effectively precipitating into solid carbonate minerals within the reservoir for permanent storage. This pilot, which injected 13.6 tons of CO2 into the Middle Eocene reservoir, de-risks the project and provides a strong technical foundation for a field-wide scale-up, with early assessments </description>
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<title>Capital Structure Simplification Equity Issue</title>
<link>https://6ix.com/company/block-energy-plc/news/capital-structure-simplification-equity-issue</link>
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<pubDate>Wed, 17 Dec 2025 07:00:00 GMT</pubDate>
<description>Block Energy plc is proceeding with its capital structure simplification by issuing an additional 7,275,412 new shares, which are expected to be admitted to AIM trading on or around December 23, 2025. Following this admission, the company's total issued share capital will be 1,011,647,492 ordinary shares, with the same number representing the total voting rights. This move finalizes the simplification exercise announced on November 14, 2025, and shareholders can use this total voting rights figu</description>
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<title>Results of General Meeting</title>
<link>https://6ix.com/company/block-energy-plc/news/results-of-general-meeting-18</link>
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<pubDate>Fri, 12 Dec 2025 12:14:00 GMT</pubDate>
<description>Block Energy plc announced that all resolutions presented at its General Meeting were approved by shareholders. Resolution 1 received 90.7% approval, while Resolution 2 was approved by 77.7% of votes. The total number of issued ordinary shares eligible to vote was 1,004,372,080. This shareholder approval is a positive development for the company.
Disclaimer*</description>
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<title>Holding(s) in Company</title>
<link>https://6ix.com/company/block-energy-plc/news/holdings-in-company-282</link>
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<pubDate>Thu, 11 Dec 2025 07:00:00 GMT</pubDate>
<description>Following a Capital Structure Simplification Exercise, the Block Energy plc Employee Benefit Trust has allocated its shares to employees and now holds 0.000000% of the company's voting rights, a decrease from its previous holding of 7.026000%. This change, effective December 5, 2025, signifies the trust no longer holds any shares in Block Energy plc.
Disclaimer*</description>
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<title>Project III Farmout Update</title>
<link>https://6ix.com/company/block-energy-plc/news/project-iii-farmout-update</link>
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<pubDate>Mon, 08 Dec 2025 07:00:00 GMT</pubDate>
<description>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 programme and an initial development carry for a 20 MMcf/d early-production facility, with an estimated total gross cost carry of US$25-30 million. The Patardzueli-Samgori field holds 1,074 Bcf of 2C contingent resources with an NPV10 of US$501 million, and the overall Project III also encompasses additional resources in the R</description>
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<title>Notice of GM</title>
<link>https://6ix.com/company/block-energy-plc/news/notice-of-gm-13</link>
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<pubDate>Tue, 25 Nov 2025 11:28:00 GMT</pubDate>
<description>Block Energy plc has announced a General Meeting to be held on Friday, December 12th, 2025, at 11 am at their London offices. Shareholders have been sent a notice of this meeting, which is available on the company's website. The company is focused on developing and producing energy resources in Georgia, holding interests in seven Production Sharing Contracts covering 4,256 km2, including the XIB licence with over 2.77 TCF of 2C contingent gas resources estimated at a Net Present Value of USD 1.6</description>
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<title>Capital Structure Simplification</title>
<link>https://6ix.com/company/block-energy-plc/news/capital-structure-simplification</link>
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<pubDate>Fri, 14 Nov 2025 07:00:00 GMT</pubDate>
<description>Block Energy plc is simplifying its capital structure by cancelling 135,544,805 outstanding share options, including 85,086,489 nil-cost options and 50,458,316 LTIP options, in exchange for issuing new ordinary shares. This exercise will result in an increase of 22,843,324 shares, bringing the total issued share capital to 1,009,778,667, while the fully diluted share capital will decrease by 0.8% to 1,164,639,928. Directors and PDMRs are participating in this scheme, with the CEO, Paul Haywood, </description>
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<title>Fundraise and Operations Update</title>
<link>https://6ix.com/company/block-energy-plc/news/fundraise-and-operations-update</link>
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<pubDate>Thu, 06 Nov 2025 07:00:00 GMT</pubDate>
<description>Fundraise and Operations Update.</description>
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<title>Half-year Report</title>
<link>https://6ix.com/company/block-energy-plc/news/half-year-report-130</link>
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<pubDate>Wed, 24 Sep 2025 06:00:00 GMT</pubDate>
<description>Block Energy Plc announced its interim results for the six months ended June 30, 2025, reporting a loss of $639,000, a shift from the $2,000 profit in the first half of 2024. EBITDA decreased to $81,000 from $645,000 in the prior year. Revenue was $3.38 million compared to $3.69 million in the first half of 2024. Oil sales reached 49.9 Mbbls, generating $3.02 million in revenue at an average price of $60.5 per barrel, while gas sales were 82.2 MMcf with revenue of $0.36 million at $4.4/Mcf. The </description>
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<title>Spud of KRT-39ST</title>
<link>https://6ix.com/company/block-energy-plc/news/spud-of-krt-39st</link>
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<pubDate>Fri, 19 Sep 2025 06:00:00 GMT</pubDate>
<description>Block Energy PLC announced on September 19, 2025, the spud of KRT-39ST. This drilling is a pilot project for a new 'slim hole' technology. The company anticipates that this new technology will reduce well drilling and completion costs to approximately 40% of the cost of Block's previous 'conventional' sidetracks. If successful, this technology could be applied to both Project I and Project II.
Disclaimer*</description>
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<title>Farmout of licence XIQ (part of Project IV)</title>
<link>https://6ix.com/company/block-energy-plc/news/farmout-of-licence-xiq-part-of-project-iv</link>
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<pubDate>Thu, 04 Sep 2025 06:00:00 GMT</pubDate>
<description>Block Energy PLC announced the finalized negotiation for the farmout of licence XIQ, part of Project IV, to an international E&P company. The agreement, awaiting Georgian government approval expected in Q4 2025-Q1 2026, involves the Farm-in Partner acquiring up to a 75% working interest in XIQ after completing a work program including 3D seismic and three deep wells. The partner could then move to a 92.5% interest in XIQ in exchange for cash and royalty payments. The XIQ license has total mean u</description>
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<title>CCS Pilot Injection</title>
<link>https://6ix.com/company/block-energy-plc/news/ccs-pilot-injection</link>
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<pubDate>Tue, 26 Aug 2025 06:00:00 GMT</pubDate>
<description>Block Energy plc announced the successful completion of its initial Carbon Capture Storage (CCS) CO2 pilot injection. A total of 13.6 tonnes of liquid CO2 was injected into the reservoir, along with 300m3 of water and sodium fluorescence tracer, at pressures of 120-130 bar. No CO2 leakage was detected on the surface following the injection. The original study ascribed a total volume of 151.5 Mt in the mid case. The company expects it will take 4-6 months to determine if the CO2 has successfully </description>
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