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Black Rock Oil purchase (BLR)     

Rutherford - 30 Mar 2004 20:18

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

Chart.aspx?Provider=EODIntra&Code=BLR&Si

explosive - 08 Feb 2006 21:40 - 159 of 1049

Black Rock Oil & Gas PLC
07 February 2006



Black Rock Oil & Gas plc
("Black Rock" or the "Company")

Placing, appointment of Finance Director, change of advisers
and other corporate changes


Black Rock (stock code: BLR), the UK-based exploration company, announces that
it has today appointed Peter Hughes as Finance Director,and made a number of
corporate changes, including a placing of new shares and the appointment of
new advisers.


Share issue

The Company has placed 62,315,400 new Ordinary Shares of 0.5p each in the
capital of the Company ("Ordinary Shares") with a number of investors at a price
of 1p per Ordinary Share (the "Placing Price"), to raise a total of 623,154
before expenses. After costs and commissions associated with the placing of
13,158, the net proceeds to the Company amount to 609,996. The proceeds of the
placing will be used, inter alia, by the Company to provide additional working
capital and finance the Company's share of costs to date in relation to its
exploration licences. The Directors anticipate that further fundraisings will be
required in due course to finance the continued development of the Company's oil
exploration interests. Following the announcement by the Company of its results
for the six months ended 31 December 2005, the Directors would intend to
participate in any such further fundraisings, subject to all applicable AIM
Rules at such time.

The Company has also issued 29,873 new Ordinary Shares in relation to the
exercise of existing warrants at an exercise price of 2p per Ordinary Share, an
aggregate cash consideration of 597.46.

Following the placing and exercise of warrants, Black Rock will have a total
issued share capital of 428,937,400 Ordinary Shares. Application will be made
for the new Ordinary Shares to be admitted to trading on AIM.


Appointment of Finance Director

The Company is also delighted to announce that Peter John Hughes has been
appointed to the Board as Finance Director. Mr Hughes is a chartered accountant
and holds an MBA degree from the Wharton School of the University of
Pennsylvania. Aged 72, he has a wealth of experience at Board and executive
level in corporate finance, financial control and corporate planning. Mr Hughes
is currently a director of AIM-traded Image Scan Holdings plc. He has previously
been Finance Director of Dunham-Bush (Europe) plc, Cope Allman International
plc, Newman Industries plc and a director of Grand Metropolitan plc (now Diageo
plc). In addition, as owner of Capital Investment Partners Ltd. - a company
specialising in interim management and corporate rescue - he has been a director
of several private companies.


Mr Hughes has also held a number of part-time academic appointments in the UK,
Eire and USA. The following information is given in accordance with the AIM
Rules. Peter John Hughes, aged 72, during the past five years, has been or
continues to be a director or partner of the following companies or entities:

Present: Past:
Mount Carmel Hughes Associates Capital Investment Partners Ltd
Image Scan Holdings plc Dunham-Bush (Europe) plc (formerly Rossmont
plc)
Elancor Ltd (formerly CADAC Ltd) Dunham-Bush Ltd
EDC Photonic Ltd Dunham-Bush A.P. Ltd
Meta 4 Systems Ltd Dunham-Bush (Engineering) Ltd
DTR Supplies Ltd


Mr Hughes was appointed as a non-executive director and chairman of DTR Supplies
Ltd on 1 September 2003 and resigned on 12 November 2004. DTR Supplies was put
into liquidation on 13 May 2005. Mr Hughes was a non-executive director of
Elancor Ltd ("Elancor") and a director of its subsidiaries, EDC Photonic Ltd
("EDC") and Meta 4 Systems Ltd ("Meta"). EDC was placed into voluntary
liquidation on 14 November 2002 by the directors of EDC following EDC's
inability to sublet or reassign certain property leases. Elancor acquired the
goodwill of EDC from the liquidator. In July 2004 Elancor was itself placed in a
creditors voluntary liquidation by the directors of Elancor following the loss
by Elancor of its major supplier relationship account and receipt by Elancor of
an Inland Revenue taxation demand that Elancor was unable to challenge or meet
given its depleted reserves. As a consequence, Meta was also placed in to
creditors voluntary liquidation on 29 July 2004. Both DTR Supplies Ltd and
Elancor Ltd were clients of Capital Investment Partners Ltd. There is no further
information to be disclosed in accordance with the AIM Rules.


Change of Registered Address and Company Secretary

The Company has changed its registered address to 36 Elder Street, London, E1
6BT. The Corporate office is now located at 5 Denmark Street, London WC2H 8LP
(telephone: 0207 240 3953). The Directors are pleased to announce that they have
also appointed Watlington Securities Limited as Company Secretary. Watlington
Securities can be contacted on 020 7588 7352.


Appointment of Nominated Adviser and Broker

The Board is pleased to anounce the appointment of Beaumont Cornish Limited as
Nominated Adviser to the Company and Keith, Bayley, Rogers & Co. Limited as
Broker to the Company, both with immediate effect.


For further information, please contact:
Ivan Burgess, Managing Director, Tel: 020 7240 3953
Black Rock Oil & Gas plc Mobile: 07917 185 129
www.blackrockoil.com

Roland Cornish, Chairman Tel: 020 7628 3396
Beaumont Cornish Limited

Michael Padley/Susan Scott Tel. 020 7367 8888
Bankside Consultants




This information is provided by RNS
The company news service from the London Stock Exchange

explosive - 08 Feb 2006 21:48 - 160 of 1049

Well now I've seen the above RNS I'm pleased not have got on board last week

Peter John Hughes - Appointed Director of Finance

I think this directors track record speaks for itself. Too old for my liking at 72 and sat on the board of far too many companies that have been liquidated...

Goodbye all and goodluck.

ellio - 09 Feb 2006 12:48 - 161 of 1049

Another tasty sve holding!!!

moneyman - 17 Feb 2006 11:08 - 162 of 1049

Looks good to get in at this price. Not that many cheap oillies around with known assets.

skyhigh - 17 Feb 2006 11:44 - 163 of 1049

that's what i thought when I got in 6 months ago when it was 2.4p... then it slumped.....so much expected... so little delivered !

explosive - 17 Feb 2006 20:43 - 164 of 1049

Skyhigh - Just needs some revenue. It will be intresting to see what the planned steam flood of the Arce Oil Field during early 2006 from the Arce 1, 2 and, 3 wells brings in flow rates. Still a good company with great potential and on my watch list. Wrong time to buy in though for me.

Dr Square - 23 Feb 2006 10:30 - 165 of 1049

Little bit of news

Ivan is in Colombia.

Regards

Aldor3 - 23 Feb 2006 14:29 - 166 of 1049

Come on Ivan lets have some good news :-)) !! OIL !!

Dr Square - 23 Feb 2006 15:42 - 167 of 1049

Aldor3

We have oil. :-))

Its getting it out of the ground thats the problem.:-((

regards

plm2349 - 23 Feb 2006 16:44 - 168 of 1049

keep buying>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Aldor3 - 23 Feb 2006 18:38 - 169 of 1049

Dr Square

Thats what i meant :-))....Did not make it clear :-(( please get it out of the ground.

Dr Square - 23 Feb 2006 20:05 - 170 of 1049

Aldor3

No problems

Could take a month or two for proper news. Or could be next week. That is the problem. No one knows? What ever happens the ride this year will be nothing but fun.

Good luck to you

Regards

explosive - 23 Feb 2006 20:28 - 171 of 1049

Doc - Your right there, still have on watch list also awaiting news...

goal - 24 Feb 2006 09:32 - 172 of 1049

Black Rock Oil & Gas PLC
24 February 2006


For immediate release

24 February 2006


Black Rock Oil & Gas PLC

('Black Rock' or the 'Company')

Update on proposed steam testing of the Acre Oil Field in Colombia


Field Update


The Board of Black Rock Oil is pleased to announce that during a visit to
Colombia this week by the Chairman and Managing Director of the Company,
agreement has been reached with the Company's Colombian joint venture partner,
Kappa Resources Colombia Limited ('Kappa'), for the completion by their joint
venture of the Arce 2 Appraisal Well as part of the preparations for conducting
a steam test of the Arce Oil Field in the Las Quinchas Block, Middle Magdalena
Basin, Colombia.


As previously announced in April 2005, the Company acquired a 50 per cent.
non-operated equity interest from Kappa in the 249,000 acre Las Quinchas
Association Contract located in the prolific Middle Magdalena Valley of Colombia
. The Company and Kappa have agreed that their joint venture will commence
steaming the Arce Oil Field, once manufacture of equipment has been completed in
California, USA and transported to location.


As set out in the Company's Annual Report and Accounts for the year ended 30
June 2005, the Board of Black Rock anticipates that the Arce Oil Field,
estimated to contain gross recoverable oil reserves of 5 million barrels, could
be in commercial production during 2006. Should these operations prove
successful, further production wells will be drilled into the field to increase
the daily production rate.


Black Rock and Kappa have also agreed to re-enter the Baul Well which was
previously on commercial production but shut-in in 1961 due to the then
prevailing low oil price. If the Baul Well is in good condition, it will be
tested with a view to declaring commerciality during 2006.


Ivan Burgess, Managing Director of Black Rock Oil & Gas plc, commented:


'This represents the first stage of our active development, appraisal and
exploration programme in 2006. If successful, the Arce steam flood project
should start to generate cash flow for the Company later this year, which would
be another strategic milestone for Black Rock.'


Qualified Person and other matters


Dr John Cubitt (a Director of the Company) has been involved in the oil and gas
production 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 in this regulatory announcement relating to
the Company's interests in Colombia.



The Company also clarifies that the placing completed by the Company earlier
this month, in which Rickerbys participated, was done at a placing price of 1p
per ordinary share and not the nominal value. As previously announced Rickerby's
increased their interest in the Company from 2.75 per cent. to 6.06 per cent..



ENDS



For further information, please contact:

Black Rock Oil & Gas plc
Ivan Burgess, Managing Director Tel: 020 7240 3953
Mobile: 07917 185129

www.blackrockoil.com

goal - 24 Feb 2006 09:43 - 173 of 1049

We should start moving north now.

moneyman - 24 Feb 2006 09:46 - 174 of 1049

Great news. I'm in for a few.

goal - 24 Feb 2006 10:46 - 175 of 1049

Lots of buys now.

goal - 24 Feb 2006 12:28 - 176 of 1049

Up over 13% now.

capetown - 24 Feb 2006 12:40 - 177 of 1049

Hi GOAL,
I jumped in @1.56.
Very xited about this one

goal - 24 Feb 2006 12:48 - 178 of 1049

Good for you capetown, i am holding a loss at the moment but not concern because BLR is soo cheap IMO i think i am going to be a big winner in the long run.
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