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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 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

Shame you can't hold both Kim, CHP could well get a broker update in coming weeks which should help out the sp. Having said this the market seams speculative of CHP at the moment with better offerings in many other companies. Its all very game on at the moment as the bulls are back in town.

Kim, interesting that you swapped Chaco for BLR - I've been trying for months to see the attraction of CHP at recent valuations and just can't bring myself to purchase when I see what else is on offer. As Explosive says, there's a lot of speculation surrounding CHP - I'd be inclined to wait for more news and a maturing of the exploration program.

BLR should be in for exciting times. Arce + Monterey = hopefully a big re-rating!

All IMO, PDYOR, etc.

ST, there seams to be many an investor that share your CHP line of thinking. I think the plays will come later in the year however theres always the possibility of a farm out agreement or partnership which I think would cause a quick rise.

BLR I agree is very exciting and a re-rating is overdue. Should we see a bull market next week there no reason why BLR shouldn't find stability at 2p even without any announcement.

ST, I sort of jumped on the band wagon with CHP, without too much research - not something I normally do. I haven't become disillusioned with them, although obviously there is always a big risk in investing in this sort of company, I just feel that they are still a long way off making any real headway and my money will fare a lot better with BLR. Time will tell; I have been wrong before......many, many times!!
kim

Does anyone know why BLR has fallen on such little volume when there is possible good news in short term

Tiny company with low cap will always have exaggerated movements even on low volume ..... also likely to be only one MM

Agreed - don't panic. Could be a tree-shake by the MM in advance of anticipated good news - those City boys have to pay for their Porsches somehow! It certainly doesn't undermine the fundamentals of this stock, which IMHO has never looked better.

quite a tight spread at the moment, too - trades in the last couple of hours have gone through at about 1.53p/1.64.

Marcel - I agree with all to possibe reasons for the small fall. And as you say "possible good news in short term". Possible being the word here... Short term in BLR RNS's is many months as you've probally noticed.

hopefully thats about to change

Grim isn't it ?
Just hope that we get the RNS later today or tomorrow as topping this morning... Just hope that all the hype will be worth it !

As anybody know why BLR is a futher 15% down

Marcel1970
Because kim bought in, (still watching).

Quite right Driver!! I will compile a list of all shares I have an interest in so that they can be avoided by everyone else; it can be bought for 100.00, send SAE! :o). Another reason could just be that this type of share is prone to bounce around all over the place until some solid news comes out.....then, off she goes, sky's the limit!?!
kim

Well, I've topped up this morning... everybody is piling in ..issue the RNS and let the fun begin!

Ive also topped up this morning but is seems like some must be selling off the book

Marcel, I've been watching this stock for two years, with a small holding from the beginning and a much larger one since March. The dips are perfectly normal for a teeny-weeny oil company at the centre of speculation about its prospects. If you want to stay sane, take a view of where this will be in a year or two based on the (IMO) excellent prospects in its portfolio.

If I wanted to increase my BLR holding, I'd be looking at current weakness as a buying opportunity before the rises I hope are due on forthcoming production. (EDIT: I see you already have; our posts overlapped.)

ALL IMO, PDYOR, etc.

I'm not complaining this morning as I've topped up... but does anyone know why the've marked down the sp this morning when there's been so much strong buying and the market has gone up !