www.blackrockoilandgasplc.co.uk
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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 to see that the directors purchased stock in the placing as well. Here's the full text of today's RNS:

>> Black Rock Oil - Placing
RNS Number:5748B
Black Rock Oil & Gas PLC
18 April 2006


For immediate release 18 April 2006


Black Rock Oil & Gas PLC

('Black Rock' or the 'Company')


Placing to raise 1,312,614


Black Rock (stock code: BLR), the UK-based exploration company, announces that
it has placed with institutional and other investors 131,261,415 new ordinary
shares of 0.5p each ('Ordinary Shares') at a placing price of 1p per Ordinary
Share (the 'Placing'). The new money being raised of 1,312,614 (before
expenses) will be used to fund the Company's operations in Colombia. The
Directors have also participated in the Placing at the Placing Price as set out
below, together with their resultant shareholdings in the Company:

Director Ordinary Shares Resultant Interest in
subscribed for shareholding the Company
in the Placing
Tony Baldry 1,000,000 1,000,000 0.18 per cent.
Interests associated 1,000,000 19,484,243 3.48 per cent.
with Ivan Burgess*
John Cubitt 1,000,000 1,000,000 0.18 per cent.
Peter Hughes 500,000 500,000 0.09 per cent.

* Comprises 544,171 Ordinary Shares subscribed for by Ivan Burgess' pension fund
and a further 455,829 Ordinary Shares subscribed for by Mrs Ivan Burgess, the
wife of Ivan Burgess.


The new Ordinary Shares will rank pari passu with the existing Ordinary Shares
in issue. Application has been made for the new Ordinary Shares to be admitted
to trading on AIM, which is expected to commence on 21 April 2006. Following the
Placing, Black Rock will have a total issued share capital of 560,198,815
Ordinary Shares admitted to trading on AIM.


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


'The funds raised will allow us to commence our development programme in
Colombia. As already indicated, the plan is to steam flood the Arce Oil Field
with the objective of generating early cash flow.


'Black Rock and our local partner, Kappa, anticipate that the Arce 4 development
well will spud in late April/early May 2006. It is expected that this well will
come on stream later this year. Further updates will be provided as material
information becomes available.


'We have deliberately chosen highly prospective acreage and in Kappa we have a
very experienced partner with an impressive track record. We believe that the
outlook for the Company has never been more positive.' <<

Lots of shares turned over this week - very exciting! Roll on, May!! I have a nagging conviction that I should be betting the farm on this, but have had to settle for a few sheep and one of the tractors . . . .

Confess I cannot get get excited about BLR as it specialises in heavy oils which are unsexy to say the least, and for good reason ..... in a nutshell, though one may find large resreves of same, it is very difficult to extract economically and effectively, thus leaving a good % in the ground .... also heavy oil sells at a significant discount to light.

Cynic, there are some light oil exploration and also gas development plays in BLR's portfolio. Regarding the heavy oil, BLR is implementing steam-flooding, common in Colombia, and seems to have a fair shot at making its wells productive. Also the fact that heavy oil sells at a discount to light does not mean it is unprofitable. The company's house broker reckoned on cashflow of $25 per barrel of heavy crude from the Arce field, and that was at last October's oil prices. At the current low market cap, given the scope of the E&P portfolio I think BLR is cheap enough to warrant a punt, and any significant production success will have a marked effect on the SP.

I'd agree that the stock is not for widows or orphans, but I side with Peter Lynch over issues of sexiness. The big question is whether one is happy with taking on a fair amount of risk, but I think that a lot of the risk with BLR is a matter of perception. I'm prepared to invest in this as being one of the potential big surprises of the next 18 months, but that's just my opinion and anyone who's DYOR'd and come to a different conclusion is entitled to their view.

you and i will choose to disagree then ... no hard feelings ..... any investment, particularly in commodity based stocks is taking an above average risk ..... I happen to think there are a lot better than BLR .... e.g. BUR or EME or VOG or MRP or even arguably CHP if you want to stick with oil/gas stocks

cynic

Have to disagree. The risk rewards on BLR compared to EME seem weighted towards BLR as Eagle is about p50 in the price now of EME and has not produced. where as Arce has. Baul & especially Monterey are company makers for BLR the latter would be on line much quicker than Glantel ever will. Not to mention the acreage differences as comparson. I hold both companys. Each to thier own mind.

regards and good luck on EME next week

Definitely no hard feelings, Cynic. I must say, though, that I was interested to see you posted on the Sefton thread - how would you say BLR and SER compare?

PS I agree that VOG is a good prospect - I have quite a large (in percentage terms) position in this.

Dr. Square - thanks for your feedback; it looks as if it's you, me and Bruce Rowan (not forgetting his lovely wife).

SEY is actually too small for me trade in in CFDs ....as i mentioned, it just makes me cross when peeps make wild statemetns without any apparent logic .... to be honest, i don't know enough about BLR and a couple of other heavy oil prospectors that i have come acroos with interesting sites; i reckon i have more than enough (and IMO, better) exposure in the stocks i have mentioned in an earlier post.

I see; CFD's aren't part of my plan so it's not an issue. Naturally there is a lot of speculation and wishful thinking on these BB's - it's only the deliberate denigration of other posters that gets me down though. However, when it comes to SER I think the fact that the whole tone of the debate centres around speculation and what the chart is doing is enough to put me off.

For a good coffee-time read about BLR, check out their house broker's report at

http://www.blackrockoil.com/investor/broker/041005_whireland.pdf

soul traders

As a knowledgeble chap you might give me your views on the recent placeings Value 1.9 Million.

I have read the AGM presentation 19th December and looked at the Pie chart on expenditure for 2006. Monterey is shown as expenditure of 18% of 3 million. I have to say some of the splits on the pie chart seem rather cheap for the work to be undertaken.

The question is quite simple has the money been raised for Monterey? Many across the road think not, I am an optimist so think it has. What are you views?

Regards

Very positive to see Institutions now buying in.

Which means they don't see this getting any lower and from here on ....it's upwards right ? :)

I would hope so Sky. House broker has moved onto the bid now.

Oil Juniors is in the Hargreaves Lansdown Fortune 150. Here is what they say;

This fund is not for the feint hearted as it invests in S and M oil companies. Currently there are just 28 holdings in the fund. The Manager considers many holdings to be potential takeover targets for larger firms which are struggling to replenish oil reserves. This is a higher risk sector for experienced investors, though the rewards could be exciting ;-)

Fund Manager comment;

With Oil and Gas prices remaining high, the fundamentals for companies involved in exploration and production continue to improve.

Moneyman...thanks for the info.. as said BLR is highly speculative...but with institutions buying in it's a good sign...we should be alot higher in 6/9 mnths time (inho)

http://www.trustnet.co.uk/ut/funds/?fund=5364

Dr. Square, I will have to give that some thought and get back to you (which alas isn't coming easily as I have a lot going on right now).

Here's the text of the RNS re holdings. Good news indeed.

Black Rock Oil - Significant Shareholding
RNS Number:9200B
Black Rock Oil & Gas PLC
25 April 2006


FOR IMMEDIATE RELEASE 25 April 2006


Black Rock Oil & Gas plc

('Black Rock' or the 'Company')

Significant shareholding


The Company was notified on 21 April 2006 of the following interest in ordinary
shares of 0.5p each in the capital of the Company ('Ordinary Shares):

Shareholder Holding of Ordinary Shares Percentage of the issued
share capital of the
Company

Junior Oils Trust 25,000,000 4.46%

BLR has issued a few more shares:


Black Rock Oil - Issue of Shares
RNS Number:9808BBlack Rock Oil & Gas PLC25 April 2006For immediate release 25 April 2006 Black Rock Oil & Gas PLC ('Black Rock' or the 'Company') Additional issue of new ordinary sharesThe placing announced by Black Rock (stock code: BLR), the UK-based explorationcompany, last week of 131,261,415 new ordinary shares of 0.5p each ('OrdinaryShares') at a placing price of 1p per Ordinary Share (the 'Placing') has beencompleted and the new Ordinary Shares have been admitted to trading on AIM.Further to the Placing, the Company received late applications in respect of afurther 15,800,000 new Ordinary Shares at a price of 1p per Ordinary Share,raising a further #158,000 for the Company. The Directors have agreed to acceptthese late applications and accordingly, application will be made for theseadditional Ordinary Shares to be admitted to trading on AIM, following whichBlack Rock will have a total issued share capital of 575,998,815 Ordinary Shares admitted to trading on AIM.

1p Warrants?? Wish I had some!! Does anyone know if these are tradeable? or should I just go after a directorship?

Black Rock Oil - Issue of Warrants
RNS Number:9888BBlack Rock Oil & Gas PLC25 April 2006For immediate release 25 April 2006 Black Rock Oil & Gas PLC ('Black Rock' or the 'Company') Issue of warrantsBlack Rock (stock code: BLR), the UK-based exploration company, announces thatit has today issued warrants to those directors of the Company who had recentlyjoined the Company's Board to subscribe for new ordinary shares of 0.5p each('Ordinary Shares') at an exercise price of 1p per Ordinary Share (the'Warrants'), being the same price per Ordinary Share as the placing announced on18 April 2006 by the Company. The warrants have been granted as follows:Director Number of Exercise price Expiry date WarrantsTony Baldry 5,000,000 1p 21 April 2009John Cubitt 3,000,000 1p 21 April 2009Peter Hughes 2,000,000 1p 21 April 2009The issue of the warrants was approved by Ivan Burgess as the independentdirector.