www.blackrockpetroleum.com.au

OVERVIEW

Black Rock Petroleum NL was admitted to OFEX on 18 October 1999 and announced on 23 February 2001 that it intended to make application for ordinary shares to be admitted to AIM, to raise further equity capital and to re-organise the capital structure of the company by interposing Black Rock Oil & Gas PLC as the holding company of the Black Rock Group. This was achieved on 25 April 2001 through the admission on AIM of Black Rock Oil & Gas PLC and completion of an equity raising of 700,000.

As of January 2004 the Company is in the process of rationalising and revamping both its philosophy and exploration portfolio. This was initiated by the appointment of Ivan BURGESS, an experienced petroleum geologist to the Board on the 12th January. Ivan had previously been a director and Chief Executive Officer of an Australian Oil and Gas explorer. During early to mid 2004 Black Rock intends to seek listing on the Australian Stock Exchange Limited [ASX] while maintaining its AIM listing. To meet these objectives the Company is seeking quality exploration acreage and production.

The geographical focus of Black Rock remains on Europe, the Mediterranean and Middle East and Australia. Black Rock is concentrating on areas where any commercial discoveries could be rapidly developed. The Company currently has acreage in Australia and England


GEOGRAPHICAL FOCUS

The technical personnel associated with the company have a long industry experience in the following geographical areas of focus.

PROPERTIES
These focus areas are:

Australia


Western and Central Europe


North America


Africa & the Middle East


CAPITAL STRUCTURE

97,625,200 Ordinary Shares (Quoted)

45,600,200 Warrants exercisable at one pence each up to 1 May 2004 (Quoted)

4,885,012 Warrants exercisable at 5 pence each up to 8 April 2005 (Unquoted)

DIRECTORS SHAREHOLDING

The Directors control approximately 15.8% of the Ordinary Shares and 30.89% of the Warrants.


DIRECTORS

Mr David C Steinepreis

Mr Ivan Burgess

Mr Gary Steinepreis

View director profiles

Chairman
Managing Director

Non Executive Director


Recent management changes and the fund raising announcement last week indicate that the company are on the move.

Oilbarrel has an interesting article on Black Rock, the final two paragraphs sum up the current prospects:

"It is thought there could be 300 million barrels of oil at Sandhills. Total success would mean 15 million barrels to Black Rock. Valuing the oil at 1 a barrel would mean 15 million to Black Rock. Its current market capitalisation is around 1.6 million. But this is the stuff of dreams, and not reality at the moment. You never know until you drill. Also, as we have said, recovery rates are not great onshore the UK. But any kind of find would be significant for Black Rock.

Back in Australia, Ivan Burgess, who was with Norwest Energy, has joined David Steinpreis at Black Rock. He is well known explorer and is currently looking at possible deals in the highly prospective Cooper Basin in central Australia"


RNS Number:9402V
Black Rock Oil & Gas PLC
01 March 2004


Black Rock Oil & Gas Plc


1 March 2004

The Directors of Black Rock Oil & Gas PLC ("Black Rock" or "the Company") are
pleased to announce that Northern Petroleum PLC ("Northern"), the operator of
its Isle of Wight project has today signed a contract for the provision of all
engineering, procurement and project management with Aberdeen Drilling
Management Limited for the drilling of the Sandhills 2 well.

The Joint Venture will now apply for planning consents for the operations in the
very near future and, providing there are no significant delays in the granting
of those planning permissions, we would hope to construct a site and move the
rig onto the Isle of Wight drilling sites in the near future.

Black Rock now looks forward to drilling a potentially low risk appraisal well
as soon as possible. The Company has a 5% free carried interest in the well
which will test a logged oil accumulation estimated by Northern, to have the
potential to contain 15.3 million barrels of recoverable oil.

Drilled in 1982, Sandhills 1, encountered oil in the Jurassic Great Oolite
reservoir rocks. The well was not tested.

Re-examination of the Sandhills 1 well which contained oil shows, and with the
benefit of knowledge gained since it was drilled and utilising newer technical
capabilities has established logged oil reserves on the Isle of Wight. Using a
20% recovery factor, these are calculated at 9.7 million barrels recoverable in
the probable category and increased to 15.3 million barrels if the possible
category of potential reserves is included.


For further information please contact:

Ivan Burgess
Black Rock Oil & Gas Plc
Tel: +61 89 481 2407
Mob: 0423 881 507

David Steinepreis

Tel: +61 89 481 2407

www.blackrockpetroleum.com.au


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

Forecast Key Dates
Next interim announcement 31 - Mar - 2004
Next year end (to be reported) 30 - Jun - 2004
AGM for next annual report 09 - Sep - 2004
Next annual report due 19 - Dec - 2004
Next prelim announcement 22 - Dec - 2004

Current Price 1.75-2.25 pence.

LONDON (AFX) - Black Rock Oil & Gas PLC said it will drill two wells in
Magellan's Australian acreage under a deal with Magellan Petroleum Australia
Ltd.
The companies are targeting the Cooper Basin in central Australia, where a
number of oil and gas exploration companies have had success in recent years.
Under the agreement, Black Rock will fund part of the Malleus 2D Seismic
Survey and the cost of a well to earn 15 pct of exploration permit, PEL 94,
which is situated in the South Australian portion of the Cooper-Eromanga Basin
systems.
The partners will be drilling the Murta and Cadna-owie Formations which are
producing in the adjoining Aldinga discovery by Magellan/Beach in the adjacent
PEL 95 permit and, Santos Wanchoocha Field to the north.
Black Rock will also fund part of the costs of drilling of an exploration
well to earn a 10 pct interest in PEL 110. The deal is subject to Black Rock
also seeking quotation on the Australian Stock Exchange Limited (ASX).
rn

RNS Number:2125W
Black Rock Oil & Gas PLC
05 March 2004

Black Rock Oil & Gas PLC

Notice of Extraordinary General Meeting

Black Rock Oil & Gas PLC ("Black Rock" or "Company") announces that it istoday
sending a notice to shareholders convening an Extraordinary General Meeting for
29 March 2004.

Following the placing of 17,000,000 ordinary shares on 24 February 2004, the
Company only has remaining authority to issue a small number of ordinary shares
without pre-emptively offering them to all existing shareholders on a pro-rata
basis. Whilst the directors of Black Rock believe it would be desirable, when
placing shares for cash, to offer such shares to all shareholders pro-rata to
their existing holding, the logistics and cost of such exercise make it
impractical save for very large fund raisings.

The directors of Black Rock believe that it is desirable that the Company has
the flexibility to issue shares for cash should theneed and opportunity arise
and consequently is now seeking shareholder approval for the granting of such
further authority in respect of #100,000 of nominal share capital, representing
approximately 17.5 per cent. of the current issued share capitalof the Company.
This require the statutory pre-emption rights contained in section 89(1) of
the Companies Act 1985 to be disapplied and therefore the EGM is being convened
to propose an appropriate resolution to this effect.This information is provided by
RNS
The company news service from the London Stock Exchange
END

They will be issuing more shares in the coming month hence we saw the pullback after the good start on Monday.

Price will stay at this level now I would think until the end of the month.

sue,
what the hell has happened here? any better news to shed on this `bomber` from last week? not the best T+10 deal I`ve ever done!!!
any thoughts very much appreciated
snakey

Hi snakey,

It is one to hold out for the medium term for some very good gains. The MMs have pulled the price back though it has not been on any sells. It is more likely because the company will probably announce another fundraising with their results at the end of the month. Once their results are announced we should have a more clearer picture.
There is practially not much downside from these levels and I hope you can hang onto these and wait for it to become a star.

sue,
thanks for response. glad you haven`t run off!! I do appreciate the info you put out on this board, truly.
bestest
snakey

This will make you happy:

Price up to 1.5-2.0 pence today, up 16.6%.

Even better now:

Price 1.75-2.25 pence, up 33.30%.

BLACK ROCK OIL IS SHOWING SOME GREAT MOVES ALREADYMY PERSONAL VIEW IS THIS COMPANY IS A GIANT ALL IT HAS TO DO IS BE WAKENED.KEEP UR EYES ON IT INVESTERS.

Hello all,

Sue you are doing a great job informing people about possible star performers. Most of your recomendations are very short terms gainers. Like most of your recommendations, I find them very explosive at first and then fade away sometimes leaving one with major loses. My advice to all is don't get carried away. If you gonna trade in any recomendation Sue's provides beware as I believe you need to be an advance trader!!! Unless of course you are already in before the word!!! Again Sue you are very good giving unbiased info.