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

The "bus" is now down to around the size of a small family saloon: 1.55/1.75, chart for the last six months looking nicer by the day . . .

Stock market report tonight

In a regulatory statement that was headed Arce Drilling Commences, Black Rock Oil & Gas gave a positive operational update. Its shares rose 0.1p to 1.55p. Drilling of the Arce 4 development well in Columbia has been started by its joint venture partner Kappa Resources. The rig arrived on site last week and the Arce 4 well has now been spudded. Arce 4 is expected to take 15-20 days to drill, test and complete. Subsequently the drill rig will be moved to Arce 2.

Watson Farley bags LNG pioneer Excelerate Energy as client on offshore power deal

Watson Farley & Williams has secured a role advising new client Excelerate Energy on a unique gas project in Teesside Port which will see the region become a major centre for natural gas supply in the UK.

The company is investing in five customised ships which import liquefied natural gas (LNG) and are adapted to convert LNG to natural gas on board, a relatively new development for the sector.

Each vessel can supply up to 3% of the UK winter peak requirements while the venture allows the company to take advantage of reduced regulations by sending less volatile natural gas ashore.

The deal, which saw Watson Farley advise on commercial agreements between Excelerate and UK port PD Teesport and processing terminal PX Limited, was brought to the firm by energy consultant Anna Soroko, who joined in January.

Soroko, who has previously worked in-house at AMOCO and TXU, joined Watson Farley from East Anglia firm Kester Cunningham John. Soroko received the referral from Gas Strategies, which acted as consultant to Excel-erate on the project. Excelerate is a private company formed in 2003 to pursue LNG projects. The business is backed by George B Kaiser, owner of Kaiser-Francis Oil and a majority shareholder of NASDAQ-listed BOK Financial. PD Teesport and PX were advised by their in-house teams on the transaction.

Soroko told Legal Week: "This project is truly unique. In many ways its value is to the UK should we have a situation such as last winter when the ships could come in like the cavalry at times of high demand and low supply."

The deal will be regarded as a profile-raiser for Watson Farleys energy practice, which has built an established reputation for offshore projects in general and LNG in particular, in part on the back of the firms shipping and finance practice.

Energy clients the firm has advised include Black Rock Oil & Gas, Oceaneering International, Statoil and Tanker Pacific.

Author: Caroline Grimshaw
Source: Legal Week
Start Date: 08/06/2006
End Date: 06/07/2006

Good ol' BLR managed to swim upstream once again on heavy buy-side dealing throughout the day - and just check out the spread between the last two trades of the day!

Trade time Price (p) Volume Assumed purchase/sale* (p) Bid (p) Ask (p)
16:25 1.68 15000 purchase 1.5 1.7
16:12 1.6 250000 sale 1.5 1.75

I'm finally out of the red on my holding too - 1.5p!! Nice to see at least one stock doing okay!

Strong performer this morning.

Very strong two hours later, Moneyman - over 15 mil traded, two small purchases just went through at 2p, which means we're getting back to prices last seen in October, and depending on your precise standpoint, you can say the SP's up 25%.

Go, Greased Lightning !!! :o)

Does anyone have any idea as to why the mms have KILLED the trading by going back to a massive spread?

No, but when inputting dummy trades a couple of hours ago I found the real spread was much tighter than the indicative spread.

ALthough at the moment, my broker is quoting indicative spread:
BLR Bid: 1.9p Offer: 1.95p Change: 0.325 I haven't checked the "real" spread.

Make of this what you will . . .

Here are the most recent trades recorded by my online broker as examples:

Trade time Price (p) Volume Assumed purchase/sale* Bid (p) Ask (p)
13:39 1.9 165000 sale 1.9 1.95
13:39 1.91 55000 sale 1.9 1.95
13:38 1.85 50000 purchase 1.6 1.95
13:34 1.64 8560 sale 1.6 2

I think we can safely ignore the sale of 8,560 at 1.6p as I have a feeling that this was dealt early this morning and just reported late, although I stand to be corrected by anybody who knows better!

As you can see, the "real" bid price is actually much higher than that indicated in the bid-offer spread quoted (for example) on the list of trades as reported by this website.

Thx very much soul,soon as the spread widens the trading comes to a screeching halt.

does any one have any ideas where this might go???

Hampi Man, happy to provide opinions, for what they are worth, but have you read the info and links posted on this thread (plus all the usual sources of info about the company) since about early March, as there has been a lot of comment already made that might help you evaluate this stock's potential.

ST.

Shares Mag last week had them as Play of the week and a BUY. Just a small snippet as it was a full page write up. Tec Director John Cubitt plans to target the monterey gas field in block 49/8c a proven gas field with 165 bcf of gas. While commercial flow rates have yet to be proved. Being stuck between the Markham and Audrey discoveries bodes well. Black Rocks 15% stake in Monterey alone equates to 4 million barrels of oil. Assuming just 10% of black rocks recoverable reserves estimate come through, and assuming modest $43 a barrel oil prices, this implies revenue potential of around 200 million rendering the firms current 7 million market value ludicrously low. Fingers crossed Black rock oil could grab the markets attention sooner rather than later since the company plans to get its reserves independently assessed, probably before the end of the summer.

All sounds like good potential to me

just topped up again... looking good! bring it on !

Skyhigh, you should be in profit on that trade by the end of today.
Ready for 2p or over now! Should see 3p by next week IMHO.

Rutherford,
Thanks for this... I Hope you're right! I added to a previous buy last yr of 2.2p

Wrong again with this share! It never fails to amaze me how the mm,s work this share price.
At least in the next month or two there is only one way for it to go. UP !!!
Skyhigh I am sure you will at least double your money in the next few weeks and then some when Monterey gets going in the not too distant future.

End of trading prices, like those at pre-opening, are often strange and distorted. Under the circustances, I think BLR has behaved remarkably robustly.

It was oversold before the recent run, IMO. Your caution is welcome, Cynic, as I think that the market is possibly a little too fickle to award this one multi-bagger status just yet. Beyond a certain price, people are going to start demanding results, which I am convinced are going to come; however, in the current market few investors are going to be prepared to pay for those results before they happen.

ST it was oversold due to the placees selling and making a quick killing. Big move today with Hoodless coming off the offer. WINs then decided to try and shake things up.