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

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.

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

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

27% SPREAD!

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

Hey, I'm learning.

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

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

It was 10% at one stage.
DONT sell

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

Still have California and N Sea news to come. This could build strongly from this level especially with a little press to boot.

From Oil Barrel Today

Black Rock Provides Update On Near Term Production Opportunities In Colombia Investors have been waiting for some months for an update from Black Rock Oil & Gas on its operations in Colombia. There had been something of a hiatus in newsflow just as the AIM-quoted company seemed to be really motoring in the South American country, having drilled two appraisal wells on the Arce heavy oilfield and talked of near-term production opportunities in 2006.

Now it seems the company, which in December exited its Australian business in order to focus on its operations in Colombia and the North Sea, has reached agreement with its 50/50 joint venture partner Kappa Resources to complete the Arce-2 well ahead of a steam flood production test. While the project is never going to be a company-maker, it does hold the promise for maiden production later this year.

Black Rock took 50 per cent of the Arce oilfield, which lies in the Las Quinchas Block in Colombias Middle Magdalena Basin, in April 2005. There followed a series of appraisal wells: Arce-3 came in pretty much in line with expectations, flowing between 25 and 36 barrels per day of sticky 13.5 degree API oil, while Arce-2 flowed at rates of between 10 and 60 bpd.

The partners plan to steam flood the field, a process which should make the heavy oil more mobile and so increase flow rates. Steam flooding is a common technique on heavy oilfields in Colombia and has been proven to increase production rates by a factor of five or ten. The steam test will begin once the necessary hardware has been manufactured and shipped to the oilfield. Should this technique prove a success at Arce-2, then 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 once producing Baul well, which was shut-in in 1961 due to low oil prices. If the wellbore is found to be in good condition, then it will be production tested to check the reservoirs commercial viability.

Las Quinchas is also home to the Bukhara prospect. Bukhara has the potential to hold 70 million barrels of heavy waxy crude although results from the Bukhara-1 well proved inconclusive. Further testing and work will be needed on this deposit. The company also holds 50 per cent of the adjacent Kappa-operated Alhucema licence. New 2D seismic and drilling work is planned on Alhucema this year.

It adds up to an interesting cluster of projects, which seems to justify Black Rocks decision to switch attention from Australia to Colombia. The fiscal and licensing regime is favourable to start-ups and the Colombians, anxious to attract inward investment to shore up production levels, have announced their intention to further reduce corporation tax, from 38.5 per cent to 28.5 per cent.

There is also plenty of scope for smaller companies to revisit existing but undeveloped oil finds, such as Arce and Baul. This is not wildcat territory, which derisks some of the drilling, and even the Middle Magdalena Basins modest deposits of heavy waxy crude can be made to work when oil prices are this high. Heavy oil isnt the high margin end of the business but there are advantages to being in the Middle Magdalena: this is a prolific oil province, having produced over 2.2 billion barrels of oil, and a major oil pipeline runs through the acreage, linking to a refinery capable of handling heavier crudes.

Anyone know where to find the market price for heavy crude? (As opposed to Brent or light crude, which are all over the place)

rpaco

I would try EEN reports for a rough guide? They operate in the same area. Also WH Irelands report think you can see it on the BLR web site for oil in the ground value.

Moneyman I believe they willl need another placing before the north sea happens even though I am led to believe that the rigs have been booked?

Interesting times

regards

Has anyone any udated news about BLR?

Out today

News from the web site

Regards

no RNS's. typical

Just in case you miss this as it is buried on the web site.

United Kingdom
In the United Kingdom, the key opportunity is the Monterey Gas Field in the Southern
North Sea, where the operator, Wintershall, a highly experienced exploration and
production company from the Netherlands, has estimated mean recoverable gas
reserves of 165 billion cubic feet and has set the potential for commercial success at
over 70%. The intention is to drill Monterey in Q2/3 2006, and if successful to convert
this to a production well. Development is then envisaged via a 2/3 well subsea tieback,
probably via a short pipeline to the nearby producing Markham fi eld. Production is
expected as early as 2007/8. Black Rock has 15% in the Monterey Gas Field with the
operator Wintershall (part of the BASF Group) having 45% and partners Hunt having
15% and Carrizo 25%.

Just need the funding, please let them get the funding.

regards

This was the RNS relating to Dr. Square's link - many thanks for that, Doc!

Black Rock to start Arce output in May - Colombia
Published: Thursday, March 23, 2006 11:40 (GMT -0400)
British oil junior Black Rock Oil & Gas (AIM: BLR) is steam-testing the Arce field in
the Las Quinchas block of Colombia's Middle Magdalena basin and will start first
production in May, Black Rock managing director Ivan Burgess told BNamericas.
Arce is thought to hold gross recoverable reserves of 5 million barrels of heavy oil.
Production from the four wells already drilled could be in the region of 150 barrels a
day per well, Burgess said, adding that as many as 30 wells could eventually be
drilled.
Black Rock bought a 50% interest in the 249,000 acre Las Quinchas association
contract from Kappa Resources in 2005.
On the Ba field in the same block, technicians are evaluating the well and casing,
and if both are in good condition, the company will prepare them for production early
in the second half of the year, Burgess said. Production there will probably be similar
to that at Arce but from one well only, with further wells dependent on how the first
one performs.
Black Rock has a 50% non-operating interest in the Alhucema contract that lies
immediately north of Las Quinchas. Black Rock and Kappa are acquiring 2D seismic
and could start drilling this year.
By Karl Royce
BNamericas.com


Looks very encouraging - finally production from BLR !! Perhaps the company could do the decent thing and leak the news to the mainstream financial press so it actually has an effect on the share price ??!!??

Thanks Dr & soul, i have always liked the month of May.