Block Energy Plc (GB:BLOE) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Block Energy Plc reports stable operational performance and strategic progress in its interim results for the first half of 2024, with an increase in EBITDA to $645,000 and a marginal profit compared to a loss in the previous year. The company has completed significant contingent resource assessments for Project III, launched a farm-out campaign, and engaged in a carbon capture storage project with JSC Rustavi Azot. Despite a dip in production rates, the company has remained cashflow positive and improved production after a workover.
For further insights into GB:BLOE stock, check out TipRanks’ Stock Analysis page.
