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

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.

Interesting read - apologies if posted already

http://www.oilvoice.com/Black_Rock_Provides_Update_On_Near_Term_Production_Opportuni/5877.htm

Off to the sun for a while. Hope to see the sp rising on a column of steam when I get back.

Have a good one, Dave. We all hope so too. Otherwise we'll have to come round to your place to drown our sorrows in your duty-free.

sorry but fail to see that the news in any of these latest RNSs will have any real influence on sp .... As to BLR itself, I can muster no enthusiasm ...... Heavy oils are at the bottom end unsexiness for not only are they sold at a discount to light(er) crude, but even with modern technology, the extraction success as % of total reserve is again pretty low.

Thanks Soul. I hope its the bubbly DF I open!

*
cynic - 21 Apr 2006 20:11 - 235 of 256
"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."

-----------------------------------

The message is getting boring. If you are not interested, why bother posting?

This board is for the exchange of views ..... Though you are more than welcome to disagree with my view (why?), at least I put some logic behind my posts rather than just saying "Avoid" or some such ...... By the sounds of it, if I was putting forward that BLR was the best thing since sliced bread, with some sort of supporting reasoning, you would not consider it boring at all.

Cynic,

Still on my watch list. When talking to the Technical Director at Master Investor 2006, I was informed that the company believes that lighter crude exists within their licence areas, but needs further exploration drills. They need the heavier crude which is close to production to pay for later light crude exploration. A means to an end.

Now that is worth listening to ..... Thank you

Cynic

Your commennts from above do not do yourself justice. How and why would your heavy oils comment bare any significance to investing in this company? The reward for finding heavy oils is as you point out less than finding sweet crude. But even finding light oils does not gaurantee top dollar. Secondly cost of transportion to refinery bares significance to the rewards of finding oil of any type. The last and most important is how much movement to the share price would a commercial find of any type mean.

Regards

Dr Square - depends on the starting point of the stock; an over-simplification I know ...... it seems to me that in many instances, stocks get hyped on scant evidence.

If I may use ELP as a good example ...... This has never been more than a blue sky company (my opinion of it and its management are irrelevant), but around January from memory, the world and his wife decided it was time to jump on board just because ELP were going to drill a good prospective well ...... The world and his wife took it to mean that finding commercial quantities of oil were almost a foregone conclusion ..... IMO, most of that "find" was factored into the price when it went close to 50p ..... In the event, a duster was the result, with sp crashing back to <20p.

The converse is also to be found in many shares when there is relatively unexpected good news ...... MPH has been interesting to follow in that respect of late.

As for BLR, I took a look at the company, and though it is quite interesting, especially in the light of very high (light!) crude prices, I cannot and do not see anything that warrants great excitement, though I guess with such a low sp, one's losses cannot or should not be that great, even if all goes pear shaped.

I am not sure that I have answered your question, but at least I have attempted to.

Thanks Cynic

I bought ELP at 42p for the sole purpose of unloading a lot a couple of days latter and running the rest as a free play. What you may of missed with ELP is that it was to prove up a possible play type. If Jaguar had come in the risk of the other 2 plays would have diminished by multiples and so the company would have increased significantly above the immediate oil in the ground effect.

As for BLR at the current moment it is not flavour of the month with myself. Colombia as you rightly say will not return the sums that a light oil field discovery would but it will provide revenue hopefully above costs? stopping the possibility of immediate recievership and underpinning the share price.

Why I am not happy with BLR is the fact that they do have the Monterey field. The rig is due to spud at the end of JUNE and would be worth a multiple of the market cap. The field is proven at 165, flow rates are the key to a commercial find. and they have been busy raising funds for a 5 million barrel field?? Have we the money for the North SEA? AGM presentation said 3 million for all commitments that is including 2 holes in the North Sea. But all we seem to get is Arce. This is in my opion not in the best interest of the share holders.

Dave-w? Have a good time. I hope to be able to have another holiday from my profits in this.

Regards