Block Energy Plc reported production results for the three months ended 31 December 2022 and full year 2022. During Q4, gross production (including the state of Georgia's share) was 34.4 Mboe (Q3: 37.1 Mboe),comprising 27.4 Mbbls of oil (Q3: 28.1 Mbbls) and 7.0 Mboe of gas (Q3: 9.0 Mboe). The average gross production rate for Fourth Quarter was 374 boepd (Q3: 404 boepd).

During 2022, gross production (including the State of Georgia's share) was 183 Mboe (2021: 156 Mboe),comprising 120 Mbbls of oil (2021: 101 Mbbls) and 63 Mboe of gas (2021: 55 Mboe).