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

I totally aggree soul traders. I'm in for the long haul, sitting on well over 100K and waiting for them to rise in 5 - 10 years... 1 - 2 would be nice...

THERE IS SOMETHING AS A LITTLE FISH IN BIG WATERS THAT I CAN NOT PUT UP WITH AND THAT IS INVESTMENT "abortion". excuse my term in this case.
usually, this abortion happens, when an investor does not bother to do any homework before engaging himself or herself. he or she will then sell the shares before the share leaps towards heaven. this action then confuses the market depending on the size of the sales, sending the sp down. however long haul investor will be rewarded deservedly without question for coping with this trouble.
mind you the authors of these abortions are the big fishes who can afford to burn up to 20per cent of their millions without any fear.
will give BLR a chance to grow. Abortion is a nasty thing isnt it?

Very interesting

http://www.blackrockoil.com/investor/broker/041005_whireland.pdf

Must be bad news on the way ? sp just keeps going down & down.... does not feel like a company that's going places !

Skyhigh, fretting is bad for your health. If I were you I'd read the report mentioned in Moneyman's link above, as it'll help you to concentrate on the positive side.

I totally agree soul traders... If you can't take the ups and especially the downs then put your money into an ISA.

(No need to worry at all then, unless conscription is brought back and we all end up fighting somebody elses war in the middle east.)

I'm not aiming for a quick buck. I'm in for the longer term, 5 - 10 years and hopefully be able to take early retirement. If it doesn't happen then I will just have to work 'til I'm 65...

Totally agree with both of you. I'm in for the long term also ....it's just grim having to take all the downs at the moments...be nice to get some ups for a change !

SKY
LAST TWO WEEKS, THERE WERE A LOT OF SELLINGS, I MEAN SERIOUS SELLINGS, MOSTLY FROM SPECULATORS BUT LONGTERM INVESTORS CAN BE COOL EVEN THOUGH IT IS NOT EASY TO SEE RED. I THINK THIS IS A FANTASTIC TIME TO SEARCH FOR JUICY LITTLE FISHES. THE FEAR OF THE INFLATION, THE IMPATIENCE, THE BAD PRESS ALL THESE WILL HELP SMART BARGAIN HUNTERS.
THINGS ALWAYS CHANGE. LOOK WHAT HAPPENS WITH THIS LITTLE FISH CALLED NMI. BIG DIRECTORS DISPOSAL, THEN IRRATIONAL SELLING FROM OTHER INVESTORS AND THE NMI'S SHARE DROPS BIG TIME BUT SMART INVESTORS WENT IN AND NOW THE SP RECOVERED VERY QUICKLY. HEALTHY BUSINESS

Plenty of potentionally very good newsflow in the coming months. When the market settles down and sp rises and we have spare cash we will all be wishing we could buy more at todays current sp... IMO

If I had spare cash I would buy another 100k at todays sp.

Fair comment Austing - looking cheap at current levels!

PS have a gander at Hardman (HNR). Due a turnaround, IMO.

Yes, s price is now lowest for a very long time. I have just a small holding and it is sad to see such a company as HNR performing badly on the market.

This is still grim and still continuing it's downward momentum..
I have previously bought in @ 2.2p , 2p, 1.5p and 1.2p it's temting to buy in again at these lower levels but will it go down again ? where is this going to bottom out ?

when is the good news coming? i am tempted to top up too but wary as dont know where the SP will bottom out and have too many shares in portfolio that are waiting to go up [they will go up but will take time GOO,SER,CHP et al]

Alex

Alex, I know the feeling - everything still sliding (not that I'm particularly worried). It never hurts to play a waiting game. Everything I have bought recently (RIFT, HNR), even on the back of apparently good news, has only gone up on the day and is now below what I paid for it. The fact that I haven't paid much attention to GOO appears to be one of those curious workings of Murphy's law - I hope I will soon get over my current inertia and actually give it some proper research.

I keep hoping that the end of summer (i.e. beginning of September) will bring some green shoots of recovery. I think one also has to think long-term in the current markets.

Regarding today's price slide, hazy memory informs me that this stock is one that tends to dip the day after bad news. It could be just a blip.

i agree with the long term strategy.. but with SP's falling in stocks that i am certain[well as anyone can be in this line of work] will go up in the long run the desire to buy more at a cheaper SP and try for the bigger profit is very tempting... of course my faith could be misplaced and i'll lose a lot more but thats the gamble isnt it
Alex

BLR to be producer in 2006 .....???????

Amir, Yes, should be in production by year end if Arce goes to plan.

the price is dropping or bottoming out as they are not prodceing oil only searching for it, 0.05 is on the way and why should't it be

robertalexander
THE MARKET SAYS: ONE DOES NOT CATCH A FALLING KNIFE BUT I AGREE THAT IF YOU HAVE DONE YOUR HOMEWORK AND YOUR ARE IN FOR LONGTERM THEN IT IS OK TO TOP UP CHEAP. THE FUTURE LOOKS BRIGHT FOR BLR AND I WILL TOP UP BUT ONLY WHEN THE PRICE SETTLE A BIT BECAUSE THE BALANCE SHEET IS NOT VERY STRONG. BEST LUCK