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 news, but we knew already that there was oil there. It's the flow testing, and in particular the steam flood testing that will be important.

Nothing new on that announcement just confirms what we already knew!!

Kim, welcome onboard SER, been in for years now, yep the sp took a massive +120% rise last week so expecting further drops. With the spread large anyway the MM's can't keep the price high...!! Good luck all the same with your 20K, I'm sure you already realise you'll need alot more to get a decent profit..

Cheers Explosive, 20k was actually a mistype when I was making my purchase, I only had a few seconds left and had intended to buy 200k; it was too late by the time I realised what I had done!! Never mind, I will probably hang on to my 20k indefinitely now; if SER becomes another Shell or BP it won't look too bad, even after the 15 for 1 consolidation. Nothing wrong with dreaming!!
kim

kim
You can average down tomorrow.

Well a 1 for 1 offer from BP in takeover would be a pretty wicked dream... I'd be a multimillionaire over night!!! Gooood dream!!

Just recieved from BLR if you have'nt seen it.

Shareholders

Tom Winnifrith of T1ps mentioned Black Rock in an article dated 27th June He continue to maintain that Black Rock's assets (in fact Arce on its own) are as attractive as ever and clearly worth a multiple of today's price even on a heavily risk weighted basis. With the shares trading at 1.4p, the stance is "speculative buy".

Thanks for posting it, Jim. Confirms what some of us have been saying for months . . .

Does anyone know why you can sell upto 1000000 BLR in 1 hit @ 1.40 but you can only buy a max of 15000 @ 1.60 why hasn't the price gone up

Because you can't see for much higher than 1.4. Obviously someone is buying up shares... Time will tell as large holding have to be announced in RNS.

Test results due on Wednesday roughly so should see a rise there if all gone well. The price did not move on the news of 50 ft. pay zone and shows of hydrocarbons over a 300 ft section of the well. All the other wells at Arce have only had a 30ft payzone so this could certainly be better. We shall see soon enough!

Ruthers, I think it is the results of the steam testing that will be the most interesting, due to the fact that oil is already known to be present, but it is the steaming that will greatly multiply the rate of production.

Shivering with anticipation anyway. Well, not exactly, given the 35-degree heat, but I'm looking forward to it.

soul traders, yes you are correct. The steaming should increase the flow by 5 to 10 times initial flow. Look for to Monterey around August which is the company maker I believe!

HAS ANYONE GOT ANY IDEA AS TO WHY BLR HAS DROPPED SLIGHTLY GIVEN THAT THERE ONLY SEEMS TO BE BUYS

Hello Soul, just got back from the sun. With the conspicuous exception of BLR (and to some extent SEY) I find myself a lot worse off on paper at least. (plus what I spent on hols!)
I've obviously missed a bit of excitement but it would seem, however, that I've got back just in time to see the sp rise on that head of steam we talked about in May!

Shame to see we lost Dr Square along the way. He claims to be a novice but he's a pretty shrewed one. He may just have got this one wrong.

Cynic. My apologies for my comment in May. You had posted essentially the same message two or three times without any corollary, so I incorrectly took you to be a serial deramper. Obviously not. I note, however, that we have yet to persuade you that Columbian heavy crude is worth a punt!

rgds

Hi Dave, good to have you back. Seems like you've been gone for ages - I hope you had a good time in spite of coming back to find that the markets have taken a dive. I won't mention Victoria Oil and Gas in case anyone of a sensitive disposition is reading! (I, for one, still have a core holding and am strongly tempted to come back to the table for more on any dips between now and late autumn).

As for BLR, well, it has been a case of typical tiddler swings-and-roundabouts over the last month or two, BUT the newsflow looks ever more positive and I am hopeful (i.e. near-enough certain) that our patience will be duly rewarded! I still maintain that there are many other E&P co's out there with far bigger valuations and far fewer known quantities regarding the presence of hydrocarbons. Time will tell.

It is a pity about the Doc; still at current prices maybe he'll be tempted to dip a toe in the water once again.

Cynic is likely to be having difficulties getting into BLR at the moment as he only likes to do CFD's, for which the co needs to have a market cap of 10 mil. I hope he has his alerts set, as no doubt we'll be there soon :o)

As for me, I'm happy to fuel my punt with Colombian Heavy Crude, any time. Although a whiff of North Sea Gas as mentioned by Rutherford would be nice too.

So, here's hoping for a busy summer season.

Best wishes,
ST

DOES ANYONE HAVE AN OPINION ON WHY THE SPREAD ON BLR IS SO WIDE ie ONLY OFFERING 1.20 TO SELL BUT TO BUY IS 1.58-1.70

IT HAS NOW DROPPED 1.40 WHY?????

IS NOW UP SLIGHTLY MAD!!!!!!!

Weird just done dummy trade being offered 1.50 to sell & 1.50 to buy how does that work???

Different MMs have different prices, your broker would have got you the best price in each scenario.