Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.

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

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.

capetown - 24 Feb 2006 12:59 - 179 of 1049

Lets hope so for all holders!
If you aint in it,you cant win it!
Cheers

Aldor3 - 24 Feb 2006 13:20 - 180 of 1049

Been holding a loss for 2 years now ..but will hold because i believe in them. Will come good this year. :-))))

KEAYDIAN - 24 Feb 2006 13:57 - 181 of 1049

27% SPREAD!

capetown - 24 Feb 2006 13:59 - 182 of 1049

THATS a nasty spread!!!!,whats that all about?

KEAYDIAN - 24 Feb 2006 14:12 - 183 of 1049

Hey, I'm learning.

capetown - 24 Feb 2006 14:18 - 184 of 1049

It will narrow when they sell more shares i hope it because they have pleanty to sell,it was much narrower earlier.I am happy as i got in at a good price today,see that the buyers are still here!.Good luck

KEAYDIAN - 24 Feb 2006 14:28 - 185 of 1049

I thought it would have been narrower earlier, sadly I was away from the PC.

capetown - 24 Feb 2006 14:29 - 186 of 1049

It was 10% at one stage.
DONT sell

explosive - 24 Feb 2006 20:22 - 187 of 1049

Good positive RNS, lets see what the test results are. Still a watch share for me at present.

moneyman - 24 Feb 2006 20:44 - 188 of 1049

Still have California and N Sea news to come. This could build strongly from this level especially with a little press to boot.
Register now or login to post to this thread.