Block Energy, the development and production company focused on Georgia, has announced its audited results for the year ended 31st December 2023. The Company significantly increased EBITDA to $1,469,000 from $158,000. The Project IV farm-out was completed, achieving a carried work programme valued at over $3 million (gross).
Block Energy plc, a development and production company in Georgia, announced an Independent Engineering Report indicating over 1 Tcf of 2C contingent natural gas resources in the Patardzueli and Samgori fields in license XIB with a Net Present Value of more than $500 million.
Georgia: Block Energy announces Independent Engineering Report confirms prospects for Project III farm-out process energy-pedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energy-pedia.com Daily Mail and Mail on Sunday newspapers.
Georgia: Block Energy releases Project III Presentation energy-pedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energy-pedia.com Daily Mail and Mail on Sunday newspapers.