Question 1

What economic interest would Block Energy obtain in the Ndjila and Mpari production sharing contracts on conversion of the Pilgrim Exploration loan?

Accepted Answer

On conversion of the Pilgrim Exploration loan, Block Energy would obtain a 76.5% economic interest in the Ndjila and Mpari production sharing contracts, subject to regulatory approvals.

Question 2

When did Block Energy expect to commence 3D seismic acquisition over the Martkopi Terrace?

Accepted Answer

Block Energy expected to commence 3D seismic acquisition over the Martkopi Terrace in July 2026, with an acquisition phase of about three months.

Question 3

What resource estimate did DeGolyer and MacNaughton assess for Block Energy's Martkopi Terrace prospect?

Accepted Answer

DeGolyer and MacNaughton assessed mean unrisked recoverable prospective resources at Martkopi Terrace of 301.7 million barrels of oil equivalent.

Question 4

What happened to Block Energy's participating interest in the XIQ licence under the January 2026 farm‑out to Aspect Georgia?

Accepted Answer

Under the January 2026 XIQ farm‑out to Aspect Georgia, Block Energy's participating interest in XIQ was reduced to 9.5% and Block is fully carried through a staged work programme of approximately US$95.0m.

Question 5

What revenue, EBITDA, production and year‑end cash did Block Energy report for the year ended 31 December 2025?

Accepted Answer

For the year ended 31 December 2025 Block Energy reported revenue of US$6.057m, EBITDA of negative US$0.94m, production of 122,474 barrels of crude and 245 MMCF of gas (average ~447 boepd), and cash of US$1.493m at year‑end.

Question 6

Are there further financial or operational details available for Block Energy in the provided sources?

Accepted Answer

No; the provided sources contain no further financial or operational detail about Block Energy.

Timeline

Block Energy

Block Energy to start 3D seismic survey at Georgian prospect carrying 301.7 MMboe resource estimate

Block Energy "focussing on execution" after January's farm-out deal

Block Energy takes option on Gabon offshore PSCs

Block Energy strikes binding farm‑out with Chinese group Sanning to fund Project III appraisal

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