ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

BLOE Block Energy Plc

1.025
0.00 (0.00%)
Share Name Share Symbol Market Type Share ISIN Share Description
Block Energy Plc LSE:BLOE London Ordinary Share GB00BF3TBT48 ORD SHS GBP0.0025
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.025 27,925 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.95 1.10 1.025 1.025 1.025
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Minrls,earths-ground,treated 8.37M -2.21M -0.0030 -3.40 7.52M
Last Trade Time Trade Type Trade Size Trade Price Currency
08:27:46 O 27,925 1.06 GBX

Block Energy (BLOE) Latest News

Block Energy (BLOE) Discussions and Chat

Block Energy Forums and Chat

Date Time Title Posts
22/5/202523:45Block Energy - Oil&Gas in Rep. of Georgia14,550
28/1/202517:06SAVVY INVESTORS WILL BE SMASHING INTO BLOCK ENERGY THIS MORNING..TRUST ME114
29/12/202112:15Realising Georgia's Energy Potential100
24/9/201911:02Georgia oilfields. 2

Add a New Thread

Block Energy (BLOE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
07:27:481.0627,925296.01O
2025-05-22 14:11:081.067598.05O
2025-05-22 10:08:360.9729,842288.12O
2025-05-22 09:53:160.99345,8973,427.84O
2025-05-22 09:46:240.9980,000792.80O

Block Energy (BLOE) Top Chat Posts

Top Posts
Posted at 23/5/2025 09:20 by Block Energy Daily Update
Block Energy Plc is listed in the Minrls,earths-ground,treated sector of the London Stock Exchange with ticker BLOE. The last closing price for Block Energy was 1.03p.
Block Energy currently has 733,395,937 shares in issue. The market capitalisation of Block Energy is £7,480,639.
Block Energy has a price to earnings ratio (PE ratio) of -3.40.
This morning BLOE shares opened at 1.03p
Posted at 22/5/2025 23:45 by lastoneout
Meanwhile farm outs and CCS projects continue. The results are far from a car crash, BLOE carries on. I don't think anyone here is here due to the day to day stuff which, actually, are keeping BLOE's head above water. Let's see what the future has to offer. The actual basis for any investment.
Posted at 22/5/2025 16:51 by jaknife
There doesn't seem to be much interest in today's finals?



P&L
* Revenue down 10% - the wells are declining
* Operating loss of $0.2m
* Total loss after tax of $0.6m

Balance Sheet
* Cash of $1,136k is $423k higher than a year ago
* The $2m of borrowings is shown in the balance sheet as current as it's due for repayment in February 2026

Cash Flow
* Cash is up marginally primarily due to the (non-cash) depletion charge

Conclusion
The existing wells are in decline, if nothing is done then they will just produce even less this year and thus deliver an even bigger loss. So where do they get the cash for the capex to stimulate the well? And where are they going to get the other $860k so that they have enough to repay the loan in February next year?

It's just another sub-scale Oil & Gas tiddler that shouldn't be listed!

JakNife
Posted at 27/3/2025 18:41 by herecomesthesun
CRIKEY

'mega news' and yet the share price needle never moved ??

Haywood would do a lot better paying a reputable PR company to ramp his pile of poo than paying mates rates with an amateur clown like Burton !!

just saying like !!

bwahahahahahaha :)
Posted at 27/3/2025 08:06 by burtond1
Mega news this for #BLOE https://www.londonstockexchange.com/news-article/BLOE/acquisition/16960211
Posted at 17/3/2025 12:17 by burtond1
From share price Angel today : Block Energy (BLOE LN) 1.0p, Market Cap £7.7m: Additional running room in GeorgiaBlock announced the State Agency of Oil and Gas of Georgia confirmed its operational rights to the Upper Eocene, Lower Eocene and Upper Cretaceous in the Samgori South Dome (SSD) field.The SSD field produced oil from the same volcanoclastic Middle Eocene formation as Patardzueli-Samgori and Teleti during the Soviet period, although no legacy wells penetrated the Lower Eocene and Upper Cretaceous.The Middle Eocene is retained by the Georgian national oil company, Georgian Oil and Gas Corporation (GOGC), for potential use by the Georgian government as part of an underground gas storage project.The Company internally estimates 574bcf of 2U unrisked prospective resources at the SSD field, which adds additional running room to the 2.7Tcf 2C contingent resources already delineated for Project III.Block is up strongly in early trading (+17%) after absorbing the SSD field into the XIB licence, which further strengths the resource base and supports the Project III appraisal plan and farm-out campaign.Block is cashflow positive and financially stable at current oil prices and production levels, as it pursues a diverse drilling and workover programme and recycles this cash flow back into exploiting the potential of the wider portfolio.However, the farm-out process on Project III could be a material catalyst, with the multi-Tcf gas resource already declared a strategic asset by Georgia and located close to the country's major industrial hub and near the South Caucasus Gas pipeline, which connects Turkey to European gas markets.
Posted at 27/2/2025 10:42 by sean spicer
The bid is rising despite large sells.

News is due re the CCS project and if positive who knows where the share price will end, but it will be much higher than it is now.
Posted at 07/1/2025 14:34 by sean spicer
Check out what has happened to the share price of TRP since they announced a potential farm out.
Posted at 20/12/2024 15:06 by sarah68
1-

"The Company remains focussed on delivering a quantum leap for our shareholders and has an extremely busy first quarter planned in 2024, when we will continue to implement our strategy, which is being funded by current cashflows. In the meantime, I wish you all a Merry Christmas and look forward to reporting on our progress early in the New Year".

2-

Paul and his associates paid extra shares as bonuses for extraordinary performance

3-

Paul ,at a interview sometime last August “Signing is delayed due school holidays”but no reference to 24/25/26/27

So after 12 Months company share price

“All time bleeding “

Paul are u fit for the purpose?

think that was well written....hopefully any new investors realise they will lose every penny they invest in this pile of poo poo

now is the time LOL

all the best
Posted at 01/11/2024 16:48 by dodge_city
Three scenarios


Farm Out successful - 3p share price

No Farm Out but positive CCS update - 1.5 to 2p share price

No positive news - 0.5p share price
Posted at 31/5/2024 20:16 by jaknife
andyalbi71,

"Are they actually operating at a loss "

Yes.

It's not difficult to see really because companies do this thing where they publish annual accounts and, within those annual accounts, they show this thing called a "profit & loss account". It just so happens that BLOE published their annual accounts just eight days ago, you can read them here:



And if you read the accounts then you'll find the line:

"Total comprehensive loss for the year (attributable to the equity holders of the parent)"

which shows a loss of $2,139k

Now we could stop there but BLOE has a particular feature in its accounts that often needs explaining to newbie retail investors.

If you scroll down to the cash flow statement you will find two lines in the cash flow statement that are:

Expenditure in respect of Intangible assets (50)
Expenditure in respect of PP&E (3,040)

These represent expenses that many skanky companies capitalise rather than expense to their P&L. And of course that's exactly what BLOE have done!

A large portion of these costs relate to well stimulation. IFRS permits BLOE to treat well stimulation as a capital item rather than a P&L item even though BLOE has to stimulates its wells on a regular basis. If you read note 12 then you'll also see (look at the asterix) that BLOE capitalised $361k of interest expense ... because it can.

So overall BLOE's real P&L would have been materially larger *IF* if hadn't decided to fiddle its accounts like the skanky company that it is!

But the best test of whether a company is loss-making or not is to look at the cash because it's very hard to cheat the cash!

BLOE started the year with $450k of cash and no debt but it ended the year with $713k of cash and (drum roll please ....... )$2m of debt. Hence they burnt cash of $1,737k ($450k + $2,000k - $713k).

So the fudged accounts say that the loss last year was $2,139k whilst the actual cash loss last year was $1,737k.

Plain and obvious to most people but some need their hand holding!

JakNife
Block Energy share price data is direct from the London Stock Exchange

Block Energy Frequently Asked Questions (FAQ)

What is the current Block Energy share price?
The current share price of Block Energy is 1.025p
How many Block Energy shares are in issue?
Block Energy has 733,395,937 shares in issue
What is the market cap of Block Energy?
The market capitalisation of Block Energy is GBP 7.52M
What is the 1 year trading range for Block Energy share price?
Block Energy has traded in the range of 0.625p to 1.475p during the past year
What is the PE ratio of Block Energy?
The price to earnings ratio of Block Energy is -3.4
What is the cash to sales ratio of Block Energy?
The cash to sales ratio of Block Energy is 0.89
What is the reporting currency for Block Energy?
Block Energy reports financial results in GBP
What is the latest annual turnover for Block Energy?
The latest annual turnover of Block Energy is GBP 8.37M
What is the latest annual profit for Block Energy?
The latest annual profit of Block Energy is GBP -2.21M
What is the registered address of Block Energy?
The registered address for Block Energy is ECCLESTON YARDS, 25 ECCLESTON PLACE, LONDON, SW1W 9NF
What is the Block Energy website address?
The website address for Block Energy is www.blockenergy.co.uk
Which industry sector does Block Energy operate in?
Block Energy operates in the MINRLS,EARTHS-GROUND,TREATED sector

Your Recent History

Delayed Upgrade Clock