www.blackrockoilandgasplc.co.uk
www.vsaresources.com
www.oilbarrel.com
Presentation from Thursday 6th July 06 can be seen on oilbarrel !


Monterey appraisal well suspended pending Wintershall evaluation. 1/12/06
BLR and Kappa in dispute.
BLR to meet with Kappa within next two weeks 1/12/06

Sold mine some months ago at breakeven,i WISH ALL HOLDING an EPLOSIVE move NORTH,

SHUDDAWUDDACUDDA!!!!

Good luck!

eplosive should read EXPLOSIVE!!

Here, here!!

LONDON (Thomson Financial) - Black Rock Oil & Gas PLC said its joint venture operator Kappa Resources Colombia Ltd has drilled an Acacia Este exploration well in the Las Quinchas Association contract, Colombia, to a depth of 3,970 feet.
Kappa is currently conducting mechanical pump tests of the two test zones and Black Rock will make an announcement of the test results when these are released by Colombian state oil company Ecopetrol.

volume climbing.........looking good, removed my last comment as it appeared to ramp, getting over-excited!

From UK-Analyst.com: Friday 3rd August 2007

Black Rock Oil & Gas (BLR) shares firmed 5p to 53p after positive news from its joint venture operator Kappa Resources Colombia pleased investors. The company said it had drilled an Acacia Este exploration well in the Las Quinchas Association contract, Colombia, to a depth of 3,970 feet. Kappa is currently conducting mechanical pump tests of the two test zones
and Black Rock is now expected to make an announcement of the test results when these are released by Colombian state oil company Ecopetrol.

May 2007 research report, gives a good insight, could be a little gem this imho.

http://www.blackrockoil.com/investor/broker/020507_vsa.pdf

this paragraph (taken from the above link ) shows the possible short term value of Black Rock..............

"If we take the average value assigned by the stock market
for the reserves of the six companies in our universe that
resemble most closely Black Rock, namely, Emerald Energy,
Global Energy Development, Solana Resources,
PetroLatina Energy, Petrominerales Ltd. and Pacific Stratus
Energy of 8.27/bbl, then Black Rocks risked 5.48m bbls
reserves would be valued at 45.3m. It is clear that the
market is undervaluing Black Rocks potential".


Issued Capital

Number of Ordinary Shares - 21,031,837 ordinary shares (quoted)

present mkt cap @ 53p per share = 11.15m the 45.3m fig above would see us at 2.15p per share. hmm food for thought!

Black Rock Oil & Gas PLC
30 August 2007


For immediate release 30 August 2007


Black Rock Oil & Gas Plc
Acacia Este Oil Discovery - Interim Well Testing Results
Change of Broker


On 18 July 2007 Black Rock Oil & Gas Plc ('Black Rock' or the 'Company', stock
code: BLR), the AIM-traded oil and gas exploration and production company,
announced that the Acacia Este 1 exploration well in the Las Quinchas
Association Contract in Colombia (the 'Acacia Well') had been drilled by its
joint venture operator, Kappa Resources Colombia Limited ('Kappa') to a total
depth of 3,970 feet. Fair to good oil shows were encountered whist drilling the
target Lower Mugrosa Formation.

The Directors of the Company are delighted to announce that testing is ongoing
at the Acacia Well and production reached a rate of 101 barrels of oil per day
with only 5% bottom sediment and water at standard conditions on 24 August 2007.


The Acacia Well was produced by artificial lift using mechanical pumps.
Initially on 12 August 2007, the pump was set up with a stroke length of 84
inches and a slow rate of 1 stroke per minute ('spm') in order to reduce the
risk of sand inflow from the sandstone reservoir into the wellbore. Once
completion fluids were removed from the Acacia Well and oil began to flow on 21
August 2007, the stroke rate was increased in order to determine the optimum
recoverability before sand inflow occurred. The fluids were recovered to tanks
and measurements of the oil were corrected volumetrically to standard
conditions. Analysis of the oil indicates that it has the slightly lighter
gravity of 16degreesAPI compared with the nearby Arce Field.


Currently the Acacia Well is being pumped at 3 or 4 spm and as long as the
solids production remains stable, this may be increased to 5 spm until the end
of this phase of the test, expected to occur on 31 August. Subsequently the well
will be put onto a stabilized production rate for 5 days prior to a 5-10 day
shut-in to allow a pressure build up test to be conducted by the operator.


Once this early testing phase is completed, the joint venture will evaluate
various options for the rapid appraisal of the Acacia Este structure including
conducting a long-term production test, drilling additional appraisal wells and
collecting additional seismic data.


A further announcement will be made on completion of the testing programme.


Black Rock is also pleased to announce the appointment of Hanson Westhouse
Limited as Broker to the Company with immediate effect. As announced on 8 June
2007, given the well drilling programme planned for Colombia in 2007 and the
Company's general working capital requirements, the Company will require
additional funding.


Dr John Cubitt, Managing Director of Black Rock Oil & Gas Plc, commented:


'The results of the testing to date are excellent and are considerably in excess
of previously announced cold flow tests on the nearby Arce 3 and Arce 4 wells
where well test productivity was approximately 30 barrels of oil per day. Acacia
Este is now considered by the Directors to be a highly significant discovery for
Black Rock. Further evaluation of the full well test results will be conducted
over the following weeks before plans for a rapid appraisal of the field are
prepared'






Qualified Person


Dr John Cubitt (a Director of the Company) has been involved in the oil and gas
production industry for more than 26 years. Dr John Cubitt is a registered
Chartered Geologist (CGeol) and has a BSc and PhD in geology. He has compiled,
read and approved the technical disclosure as it relates to Black Rock in this
regulatory announcement.



For further information, please contact:

Black Rock Oil & Gas Plc Tel: 01189 001350
Dr John Cubitt, Managing Director www.blackrockoil.com
----------------------
Peter Kitson, Finance Director

Beaumont Cornish Limited Tel: 0207 628 3396
Michael Cornish

Aquila Financial Limited Tel: 0207 202 2600
Peter Reilly

Hanson Westhouse Limited Tel: 0207 601 6100
Tim Feather / Matthew Johnson



Notes to Editors:


Black Rock Oil & Gas Plc, headquartered in the UK, is an AIM listed (AIM:BLR)
exploration and production company with licences in the Middle Magdalena Valley,
onshore Colombia and the Southern Gas Basin of the UK North Sea.


Colombia:

Black Rock has Joint Ventures with Kappa Resources Colombia Limited (Kappa) in
the Las Quinchas Association Contract and the Alhucema E&P Contract, both
situated in the prolific hydrocarbon basin of the Middle Magdalena Valley.


Operated by Kappa, and following completion of its farm-in obligations, Black
Rock's 50% interest in the Las Quinchas Association Contract is subject only to
approval of the transfer of the interest by the state oil company, Ecopetrol.


The Las Quinchas Block, contracted with Ecopetrol that has a 50% back-in right
on any project within the Association Contract area, contains the Arce and Baul
heavy oilfields and a number of exploration prospects including the Acacia Este
oil discovery, Chicala Este, La Linda, Bukhara and La Tolda. The Arce oilfield
contains heavy oil and is currently undergoing a steam injection test to
determine commerciality and development options.


The Alhucema Block, immediately to the North of the Las Quinchas Block contains
a number of prospects and leads and one well is planned on the Juanes prospect
later in 2007. A 2D seismic programme was undertaken in 2006.


United Kingdom:

Black Rock has a 15% interest in two adjacent license blocks (49/8c and 49/9d)
situated in the Southern Gas Basin of the North Sea. Block 49/8c contains the
Monterey Gas discovery and the Stinson and Winchester prospects.

The joint venture has applied to extend the license for another four years in
order to undertake studies with the aim of improving the marginal economics of
the Monterey discovery. A 50% relinquishment will be required if the license
extension is approved.

www.blackrockoil.com


ENDS

Although this is a relatively quiet board, I know there are a few who are bewildered by the sp since the results were announced, and so I post a few thoughts from the advfn board, if it is of any help.

I agree that we didn't get all the news, but if we ask ourselves the reasons, we may well understand why. There has been a lot of hype in the past, especially oil explorers, with some companies guilty of deliberately misleading the markets and investors (I won't name them, but I think we all remember them), and the outcome was that new rules were introduced to try and prevent this happening again. Ok, I agree, the Stock Exchange and all the regulatory bodies don't have much in the way of teeth, but the NOMADS make damn sure that they don't get into trouble or penalised for allowing wayward companies to be overly enthusiastic, to the point of misleading the markets. This has resulted in "not enough information", instead of the previously "too much information", and "bending the truth". Most companies can now only say what they can prove 100%, whereas before, we would hear of estimates, anticipated things, hopes, and beliefs. Now somebody actually has to put their name to the statements, and not many are willing to risk their reputation by putting out info which turns out to be incorrect. (Neither NOMADS or Competent Persons within the company).

So what exactly did we get, and what didn't we get, that we think we should have?

The RNS was great, in that it confirms we have oil, although classed as heavy, it is light enough to flow without steam, and in good enough quantities to be worthwhile bringing up. We can also see that in comparison with Arce, we have many advantages at Acacia. Whereas Arce2 produced up to 60bopd at 13 degree, Arce3 produced 30bopd at 13.5 degree, and Arce4 produced 30.5bopd at 16-17 degree, Acacia actually produced much more at 101bopd. The Arce wells were also into the Mugrosa formation, and all fields are on the same trend ... Chicala, Arce, Acacia, and Bukhara too, so we would expect similar oil. But we appear to have a better viscosity and flowrate. Maybe Acacia could be under higher pressure, which may help? We also appear to have much less water than at Arce too. We also know that quantity of oil was pumped at a much slower pump speed than we would have normally operated at, so giving much more room for improvement.

So what didn't we get? and why? Well, ok, this is all in hindsight, and is merely an opinion, as interpreted from events, but I believe that when we first started testing, we did it our way and tested as we normally would, hence the anticipated 15-20 days before results could be expected. In view of the air of confidence which seemed to be around, I believe this may have given the first indications of a good flow, but we weren't allowed to base official info on those test proceedures, and Ecopetrol insisted we do it their way, by the book, both to avoid the danger of sand ingress, but also to be totally transparent, for Ecopetrol will at some later date, base their decision whether to back-in, upon the information which they would obtain from the well results. So the results had to be accurate, and done to their liking.

As we hear, the pump speed started off at a lowly 1 stroke per minute, and was run for a while, increasing gradually, but we have still only got up to 3 or 4 spm, which is only maybe a third of what speed we could eventually expect. Although sand ingress has been low so far, I believe that before we can start to really motor, we have to ensure the well is gravel-packed and maybe a liner installed, to avoid any risk from the sand, etc. Sensible, for why go to the expense of gravel-packing and a inserting a liner, until we are sure it will be money well spent (flowing oil, not water). Ok, so what we know so far is all good, and the chances of getting better are extremely high. But they can't/won't put out guesses on what we could/may/may not achieve. And after our long history through previous regimes, I wouldn't want anything other than reliable info, which we can trust. I also don't think we would be allowed by the NOMAD to put out anything other than facts either.

So what else? The main factor I believe that could affect the sp, is probably the size of the field, for the amount of oil we have in the bank is undoubtedly the most influential factor. In plain terms, we simply don't know yet. We can guess, for sure, but as we have said, guesses simply won't do. I think the company know the possibilities, but it now demands that an independent "competent person" must audit the findings, and draw his own conclusions to be acceptable. For someone to put his name/reputation to a report, he has to be damn sure of his facts. I think this may be why we are now going to fast-track appraisal wells, probably 1 or 2, before we could be sure of exactly what we have under the ground. But the good news is, that when a "competent person" does put his name to it, then it will be as good as cash. It will be "bankable", and we can officially regard it as an asset. At the moment, all we can do is ponder the possibilities. I believe the company does have a figure in their minds, and that figure will be big enough to proceed with appraisal. Would they really bother if the signs were those of a small field? No way. So how big? Well, the estimate from the outset was a possible 50-100 million barrel field. They know how much pay they recorded. They know the approx linear area of the field from previous seismics. They know the pressure and flow rates, they know enough to have a stab, but of course, a stab is no longer aceptable. So we will have to wait for the appraisal wells. But they are "delighted" the results are "excellent", and "Acacia Este is now considered to be a highly significant discovery for Black Rock".

Interpret the tone of the RNS. Think big, think top end of the estimates. Who knows? They could even be higher. They do "moderate" and "cautious", so its possible.

When we have the full testing results, maybe in a couple of weeks or more, and have done an appraisal well or two ... it won't take long ... then we can look for the increase in the sp that we didn't get today. All my own personal opinion, of course, as always.

Tick tock tick tock, one for the patient this is..... As the last broker report described this share as an "Undervalued Asset Play", firm up time looms closer....
Who's still in? Anyone.

Yup, still here explosive. But still far from excited.

I am still here and will be for a few years more as I think a good long term play.
We should have results of steam testing from Arce in the next week or two.
Not for the feint hearted right enough but plenty of potential so patience needed.

nor arguably for those with more than 2 brain cells ..... BLR falls in the same league as the likes of ULT, GOO (which i hold!), AMER and almost, though quite as pathetic, SEO

Well I must in the 2 brain cells club then because I've held most of those shares over the years....

http://www.proactiveinvestors.co.uk/articles/art.php?BLR2

Managed to pick some up this morning at 21.75 but not showing yet,if it appears later on as a sell it aint!

Should I be looking to bottom fish soon has this share got any potential.

you'ld better off going to fishmonger!

Cod and Chips then.

cod is a mid-level swimmer, but there are some particularly fine plaice around at the moment .... for a piece of trivial but useful info .... the fresher the plaice, the more orange the spots on the dark skin ..... ultimately they will fade to grey, but stll be sold as fresh!