Block Energy PLC engages in the exploration and production of oil and gas, primarily in Georgia and offshore Gabon. The company operates six Production Sharing Contracts (PSCs) in Georgia, focusing on production, redevelopment, gas appraisal, and high-impact exploration, while also pursuing a carbon capture and storage initiative. In Gabon, Block holds a 76.5% indirect economic interest in two offshore PSCs, targeting historical oil discoveries and exploration potential. Its business model emphasizes converting resources into reserves and production through partner-funded development programs.