Block Energy — Investor Presentation (March 2020)

6 slides from Block Energy's investor presentation, Mar 26, 2020

Slide 1: Transformational Acquisition
• TRANSFORMATIONAL • ACQUISITION Focused on becoming one of Georgia’s leading independent Block Energy Plc |oil and gas companies 2020
Slide 2: A Transformative Transaction
A Transformative Transaction 2 Production Blocks IX and XIb • Block XIb – 615 km2 Sharing Contracts • Exploration Block IX – 1,925 km2 (PSC) • Georgia’s most productive Block to Block XIb date over 180 million bbl cumulative • 2P Reserves 64 million boe • Appraise >250 Bcf gas potential • Gas price
Slide 3: Map of Permits
Map of Permits Block Energy Plc | 2020 3
Slide 4: Combined Metrics
Combined Metrics Block Energy SRCL Combined Production BOEPD 322 245 567 2P Reserves million boe* 3 64 67 2C Contingent Resources million boe* 181 29 210 License Area – Km2 82 2540 2622 *Block Energy gross reserves and resources as per CPR dated Jan 1, 2018 SRCL gross reserves and resources as per t
Slide 5: The Opportunity
The Opportunity Moving Forward 1. Middle Eocene Oil and Gas - XIb • contains multiple well re-entry candidates for horizontal sidetrack to boost oil and gas production 2. Natural Gas- XIb • Over 80 BCF of associated gas produced • Multiple non-associated gas prospects remain unexploited • Schlumberg
Slide 6: Further Information
Further Information Paul Haywood [email protected] 07415 727155 www.blockenergy.co.uk Block Energy Plc | 2020 6