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Black Rock Oil purchase (BLR)     

Rutherford - 30 Mar 2004 20:18

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

Chart.aspx?Provider=EODIntra&Code=BLR&Si

jnknill - 26 Jul 2006 13:01 - 519 of 1049

Soul Traders, At this stage it doesn,t bother me either but with the progress which most of us expect a move toward "good Management" is going to be a must. This will be in BLR interest, let,s face it Ivan will need a sound team around him. Rgds.

cynic - 26 Jul 2006 15:07 - 520 of 1049

Soul* ... ur catching my cynical outlook! ...... ur comment about oil coming out of the ground is worth reflecting on with regards to the likes of CHP who currently only own a few allotments whose seeds have yet to germinate let alone grow to cropping.

moneyman - 26 Jul 2006 22:19 - 521 of 1049

Sit tight and accumulate at these levels.

diydave - 26 Jul 2006 22:57 - 522 of 1049

jnknill - 26 Jul 2006 13:01 - 519 of 521
Soul Traders, At this stage it doesn,t bother me either but with the progress which most of us expect a move toward "good Management" is going to be a must. This will be in BLR interest, let,s face it Ivan will need a sound team around him. Rgds.

-----------------------------------------------

You are far from alone in this sentiment, jnk. Indeed a poster elsewhere reported that he had had a meeting recently with Ivan and had been singularly unimpressed. He was of the opinion that Ivan would need to find himself a top notch CEO to keep the accelerating show on the road. He doesn't think Ivan is up to it.
A bit harsh maybe but I don't get the impression that Ivan is the sort to give up the reins of 'his baby' very easily. Might just become a bit of an issue 12 months down the road.

jnknill - 27 Jul 2006 14:51 - 523 of 1049

Good afternoon all, Thanks for your comments "diydave".........not trying to create waves and have to admit that, after all this time , Ivan has lined up some great potential for BLR but it would be a shame if this were not converted into total success! Only know what I have read about Ivan but he sounds like a real "oiler" who eventually, hopefully, will realise that to get the top City Insts. on-side, will need to take on-board, the relevant Management. Rgds.

Rutherford - 28 Jul 2006 10:37 - 524 of 1049

Just topped up again at 1.179p.

Dr Square - 29 Jul 2006 02:12 - 525 of 1049

Good evening all

I have talked to Ivan on a couple of occasions. While I believe him to be straight down the middle and that this is very much make or break for him. I did come away with a bit of a feeling that he views BLR as his baby and would be reluctant I think to hand over the responsability. At the end of the day the choice will not be his.

As for the drilling schedule above I strongly think you will see slippage in that as the weather in Colombia is rather wet from September??

I did contemplate buying back in after the placeing but after the Arce 4 results have decided against.

Good luck to you all with Monterey but has anyone checked if the recent Norweigen rig workers strike has delayed things. Worth dropping Wintersall an E-mail they are very good at Investor relations.

Again Good luck

Regards

soul traders - 29 Jul 2006 11:19 - 526 of 1049

Good post, Doc. Thanks.

Rutherford - 30 Jul 2006 06:48 - 527 of 1049

A good article on BLR on www.proactiveinvestor.com and you can register free.

Dr Square: Good post and would agree that Ivan would be reluctant to give up the reins at BLR. Having said that I can see no reason why he would have to do that. They got rid of the finance guy last year and BLR were on their last couple of dollars and he had achieved nothing. Ivan has managed to raise all the capital required for near term drilling and will take BLR to production this year. I am satisfied with his contribution to BLR and cant understand the reasoning behind some investors wanting him removed. It is his baby as he saved the company along with us (investors) of course, from going under. The next couple of months are the most exciting in the last two and a half years I have held the shares.
You may well be right about the drilling programme above but I took it from their presentation at the oilbarrel conf. If it all went to plan it would be a first for BLR but they cant take all the blame as they are not the operators of these drills.
Like you said Good Luck to all!

austing2253 - 30 Jul 2006 09:02 - 528 of 1049

Rutherford: Sorry to be a nuisance, but the www.proactiveinvestor.com site does not exist. Could you kindly post a link.

Thank you.

Gerry

someuwin - 30 Jul 2006 10:48 - 529 of 1049

http://www.proactiveinvestors.com

austing2253 - 30 Jul 2006 19:02 - 530 of 1049

Thank you someuwin.

Rutherford - 30 Jul 2006 23:19 - 531 of 1049

Sorry missed the S! Thanks someuwin!

diydave - 31 Jul 2006 10:50 - 532 of 1049

Rutherford - 30 Jul 2006 06:48 - 527 of 531 "...no reason why he (Ivan) would have to do that (go).
*********************************
No need for him to go, Rutherford. There's many a company chairman who enlists a top rate CEO to look after the nitty gritty.
rgds.

skyhigh - 31 Jul 2006 11:43 - 533 of 1049

grim isn't it ? Bid dropped to 1p

shadow - 31 Jul 2006 15:30 - 534 of 1049

be aware of Australian people, making presentations especially at oil barrell conference, they tend to boast to much or exaggierte,. Theres something about aussie voices and accents put me totally of as been on the board of blr, hence the sp decrease.

diydave - 31 Jul 2006 20:29 - 535 of 1049

?? Come again?

explosive - 31 Jul 2006 21:21 - 536 of 1049

Bet his real name is Bruce.....

Rutherford - 01 Aug 2006 10:56 - 537 of 1049

diydave: I appreciate that but it was only my personal opinion.

Rutherford - 01 Aug 2006 12:10 - 538 of 1049

New adviser appointed! Good ???
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