www.blackrockoilandgasplc.co.uk
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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

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.

I can buy upto 2.5 Million share @ 1.43 should i be reading into to anything?

Marcel, with the greatest of respect, I think that what you really should be reading is the background information relating to this company, of which a lot, including some excellent comment and opinion, was posted on this thread between the beginning of March up to around early June. There is also a lot of useful info on the company's own website. Links have been posted in the aforementioned material on this thread.

I apologise if I am guilty of misunderstanding the nature of your posts, but the amount of nervousness you're showing makes me wonder whether you bet your house on this stock based on a tip given you by some shifty-looking character you bumped into at the local greyhound track.

Those of us who have done our homework aren't panicking about people's share dealings; we're concentrating on the fact that this company is in the business of producing oil and gas which is likely to be worth a lot of money in the very near future. And if we turn out to be wrong, well, that's a risk we've decided to accept.

I apologise for being blunt, but your posts are becoming almost painful to read and I'd really like to help you to understand for yourself why some of us consider this co to be a good, albeit still risky, investment.

Rutherford, it may help people like Marcel if the header to this thread was improved to include Resource estimates, conservative valuations, timetable of likely work, Block licenses etc or just a link to the BLR website. Only a thought! :-)

Great buying opportunity - 1.3p now.

risky though ! what if the news disappoints and the sp goes down to 1p ?

Then you'll have got into a situation the economists like to call Getting Your Ar*e Burnt.

only if you stick you head in the sand in the hot sunshine without wearing knix!

Cynic, don't laugh - it happens more frequently than you might think :o)

Skyhigh - forgive my unruly sense of humour. If both Arce and Monterey turn out to be non-commercial then it might be worth reviewing your reasons for holding. I'd like to be more specific but don't have the time currently to explore the implications. WIll try and catch up on it sometime soon.

Could do with some good news now, lets be positive and look forward to a mmm gush!

LONDON (AFX) - Black Rock Oil & Gas PLC said it has placed 110 mln new shares at a price of 1.1p per share to raise 1.2 mln stg of additional working capital for appraisal activities.
The company has also issued 2.5 mln new shares at the same price in respect of fees due for technical consultancy services.

Following admission to trading on AIM of the new shares, Black Rock will have a total issued share capital of 690 mln shares.newsdesk@afxnews.comtcCOPYRIGHTCopyright AFX News Limited 2005. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited

Looks like another dip in the sp is coming..

I take that as good news as plenty wells being drilled between now and New Year and needed funding for monterey and other Arce wells+ Baul to be drilled. Monterey in North Sea starts around beginning of August and rig already booked for it.
Now funding out of the road for the short term we need RNS with Arce 4 results which are hopefully positive.
I will try to alter heading to include more info when time permits.