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

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.

Another bad day in the markets is on the cards tomorrow due to Mervyn Kings comments tonite,,, be interesting to see how BLR holds up.

Yep ! it's ugly market down 82 points already !

Moneyman, not sure I agree entirely - I know where you're coming from but also think that this has been oversold for months. Just IMO.

Anyhoo, once the market sorts itself out (please Ben, be gentle!) and BLR announce positive drilling/production results, I am sure we'll forget the current woes.

I don't hold these, but as I mentioned yesterday, they really have held up remarkably well under the circumstances. Typically, assuming the show is correct, MMs have widened the spread to deter dealing and to make more out of forced sellers.

Topped up again at 1.9p due to exciting times over the next few months.

think I'll top up again at these levels during the next week or so as well

More press coverage; nice to know everyone's beginning to talk about us:

"Money Week dated 9 June, page 42 mentions Black Rock and that it should start
producing oil next year, providing its first cash flow."

(text of Black Rock e-mail to shareholders).


The "next year" bit strikes me as being a bit sloppy. If memory serves, Burgess said by the end of this year.

My memory's right - see post 319 for full text.

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


"Our aim remains to book reserves in excess of 2.5 million barrels and to
generate cashflow in the second half of 2006. We are optimistic that the Arce
field will be in commercial production later this year.


"The spudding of Arce-4 represents the first stage of our development, appraisal
and exploration programme in 2006 and the Arce steam testing project should
start to generate cash flow for the Company later this year."

Swapped my Chaco shares for BLR today, I think I did the right thing...only time will prove me right or wrong but I think that the time is on this share's side! OK, go on.....tell me I've made a bad move!
kim

Good move Kim as BLR have an exciting couple of months ahead and plenty of time to get back into Chaco.

Hi Kim, bold move, both companies are looking at exciting times and news!! Fingers crossed you've got your timing right though. All the best..

Thanks Explosive, BLR looked the more exciting company after CHP's update on Wednesday and I think they will have good results before CHP. I will probably buy back into the latter in time.
kim