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

THANKS Soul traders

great timing by Tom Winnepeg to his subscribers then eh!!

hehe

great RNS this morning...

is it good news then ?

Results from Arce 4 well

RNS Number:9821F
Black Rock Oil & Gas PLC
11 July 2006


11th July 2006

Black Rock Oil & Gas PLC
("Black Rock" or the "Company")

Positive results from Arce 4 well - commercial oil flows


Black Rock Oil & Gas plc, the UK based oil exploration company with interests in
Colombia and the North Sea, announces that oil has flowed at the rate of 30.5
barrels per day from Arce 4 well, at standard conditions.

The well has been drilled to a total depth of 3073 feet and intersected a gross
300 foot oil section. Subsequently the well has undergone testing and analysis
of the oil indicates that, while classified as heavy with a gravity of 16-17
degrees API, it is liquid at room temperature and pressure.

The well was produced by artificial lift using downhole mechanical pumps. The
fluid was recovered to tanks and measurements of oil produced were corrected
volumetrically to standard conditions.

On completion of operations at Arce 4 the drilling rig will be used to
re-complete the number two well on this field.

Equipment for steam production of this field has been ordered and is en route.
Following completion of the steam testing programme the total number of wells
needed to maximize production will be decided.


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

"This is excellent news and justifies the Board's decision to focus on Colombia
in the first half of the year. The monies raised last week will be used to fund
the Colombian and UK appraisal drilling programme.

"Our operator and joint venture partner, Kappa, estimates the reserves of the
field to be 5 million barrels. Flow rates are expected to increase 3-5 times
once we have steam stimulated the field.

"We remain optimistic that the field will be in commercial production around the
turn of the year".


For further information, please contact:

Black Rock Oil & Gas plc
Ivan Burgess, Managing Director Tel: 020 7240 3953
Mobile: 07917 185129
www.blackrockoil.com

Beaumont Cornish Limited
Roland Cornish, Chairman Tel: 020 7628 3396

Bankside Consultants
Michael Padley / Daniela Hale Tel: 020 7367 8888


Editors' Note

The fields in Colombia are held in conjunction with a joint venture partner,
Kappa Resources Colombia Limited ("Kappa"). As previously announced in April
2005, the Company acquired a 50 per cent. non-operated equity interest from
Kappa in the 249,000 acre Las Quinchas Association Contract located in the
prolific Middle Magdalena Valley of Colombia.

The Company anticipates that the Arce Oil Field, estimated to contain gross
recoverable oil reserves of 5 million barrels, could be in commercial production
during 2006. Should these operations prove successful, further production wells
will be drilled into the field to increase the daily production rate.


Qualified Person and other matters

Dr John Cubitt (a Director of the Company) has been involved in oil and gas
production for more than 26 years. Dr John Cubitt is a registered Chartered
Geologist (CGeol) and has a BSc and PhD in geology. He has compiled, read and
approved the technical disclosure in this regulatory announcement relating to
the Company's interests in Colombia.

ENDS


This information is provided by RNS
The company news service from the London Stock Exchange

you can see why they released that share issue after hours on friday now.. no good allowing insititutions in at 1.1 after they released this.. there would be some unhappy punters ..

Perhaps they could've raised the money after this morning's release and got more ?

maybe, but they havent... im just saying it sort of explains the wierd timing of it.. as Im sure the placing was in the making before the RNS..

WHY IS THERE SUCH POOR VOLUME GOING THROUGH FOR SUCH GOOD NEWS?

There's a pile of overhanging shares to get rid off... not surprised to such a muted sp rise..

me neither.. they werent going to give money away for free afterall

This is great news, we should have a steady rise from now on.

Yes, great news... not sure about the steady risec though... I'm as scathing as anyone else about TW and his tips... particularly about his recent " Sell" tip for BLR.. however, perhaps he new about the share placing and today's RNS and thought that it will take a very long time to clear the overhang and hence no real sp rise for a long while. ? too many shares in issue.. ?

Grim isn't it ?

if he knew the test results he would have ramped it up again..lol..

TW is a muppet, end of..

Whats grim about it??? BLR been on my watchlist for a while but missed the last rise from 1.2p to 1.9p and thought I'd sit and wait. Reading the thread many of you kept topping up at prices much higher than this as they were "buying opportunities". Well, now BLR have more cash to crack on with and you can add again at even lower prices if you truly believe that Colombia and Monterey are company makers.

I've been a BLR share holder for around two years now & i feel more confident now than ever before.

Yeh.. but it's still grim isn't it... I topped up recently at 2p, 1.9p and 1.7p but will top again at these levels !

I see your point, hard to tell today what is buys and sells due to late reporting.
I know you can buy right now for 1.2p though!!

Morning all! Good news re Arce, although it was also strictly speaking in line with expectations. The reserves seem to have been upgraded slightly - if memory serves, 5 million bbl seems to be an improvement on anything I've read before.

Marcel, re: "WHY IS THERE SUCH POOR VOLUME GOING THROUGH FOR SUCH GOOD NEWS?" At the time you posted, the market was barely open (my broker doesn't let me trade before 8:30 at the earliest!). If you look now, you'll find that over 17 million shares have been traded, or over 2% of the company's stock. It's also fair to note that this is a small cap, off the radar of the big market players, so you have to allow for the fact that communication and reaction times regarding the news are much slower than for, say, Vodafone or something. Many PI's won't get to read the RNS until this evening and will trade tomorrow.


Skyhigh, "Perhaps they could've raised the money after this morning's release and got more ?" Unlikely - see the last few lines of my post #423.

Dynamix : "you can see why they released that share issue after hours on friday now.. no good allowing insititutions in at 1.1 after they released this.. there would be some unhappy punters .. " and, "maybe, but they havent... im just saying it sort of explains the wierd timing of it.. as Im sure the placing was in the making before the RNS.. " I'm not sure I follow you here. Companies are more or less obliged to offer placing shares at a discount to the market price - it's a way of getting the institutions on board (after all, would you be persuaded to buy a large chunk of stock if you couldn't get it at a better price than the market rate?). Naturally the placing was planned for a while ahead of the RNS, as it takes time for the house broker to go out to likely subscribers, assess the uptake and arrange for the shares to be registered with the AIM.

The "weird" timing can be easily explained by the fact that actually there is no intended link between the fundraising and the RNS. The fundraising was going to take place anyway. As it happened, the drilling results came through three days later. No conspiracy, just a natural course of events.

As for TW - I have no idea what he's been smoking, but it's clearly affecting his judgment.

Why cant the spreads on BLR always be this good?