Block Energy PLC – Total Market Solutions [Video]

A potentially game changing deal that could significantly bolster Block Energy’s already strong cash position.

“…we are building cash in the background which gives us options. We are in a very good place at the moment…”

With Block Energy’s recent trading update revealing the company remained cash flow positive during 2024, will that remain the case for the production and development company?

Chief executive Paul Haywood confirms that is the plan with a good performing asset base that continues to produce healthy volumes of both oil and gas. “The company continues to remain profitable and building a sensible amount of cash on a bi-monthly basis in line with our lifting schedule and remains financially very healthy.”

It’s one of the reasons that participants have agreed to extend a $2.0 millionsenior secured loan until 2026. One of those participants is Haywood himself who has injected $115,000 into the business that is focussed on Georgia located on the …