Risk factor
Very high price volatility
Profitability factor
Very low or no dividends
About
Block Energy Plc explores for, develops, and produces oil and gas in the Republic of Georgia. Its flagship field is the 100% owned West Rustavi onshore oil and gas field located in Kura basin. The company also owns 100% working interests in Block IX, Block XI, and Norio onshore oil fields, and 90% working interest in Satskhenisi onshore oil field located in Kura basin. The company was formerly known as Goldcrest Resources Plc and changed its name to Block Energy Plc in May 2017. Block Energy Plc was incorporated in 2005 and is headquartered in London, the United Kingdom.
Company Valuation
From both historical and forecast perspectives, the stock is overpriced compared to similar stocks. Specifically, the stock is overvalued on EV/EBITDA, reasonably priced
Buy
Sell