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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

silvermede - 18 Aug 2006 15:03 - 622 of 1049

RNS just out, Finance Director retiring. Fund Raising Job Done!

capetown - 18 Aug 2006 15:10 - 623 of 1049

they should find the mms a SPREAD director,its all over the place!!!

canary9 - 18 Aug 2006 20:00 - 624 of 1049

From Advn news

Black Rock also advanced, up 0.15 pence to 1.10 after the group's FD Peter
John Hughes announced he was stepping down, sparking takeover speculation talk.

moneyman - 19 Aug 2006 13:57 - 625 of 1049

Yes just saw that...interesting and may spark some activity Monday.

georgetrio - 19 Aug 2006 14:06 - 626 of 1049

MONEYMAN
are you mad, only some activities? please say together with me: some cash flow.
yes, cash will do nicely. best luck moneyman

soul traders - 19 Aug 2006 15:30 - 627 of 1049

Interesting, but takeover rumours have been rife this year.

georgetrio - 19 Aug 2006 15:55 - 628 of 1049

With the oil industries awashed with cash, what else can they do than buy juicy little fishes. watch out that they don't come for STERLING ENERGY OR SEY COMES FOR ANY OTHER FISH. VER INTERESTING INDEED

cynic - 19 Aug 2006 20:55 - 629 of 1049

sorry to disagree, but having a stack of cash does not mean that a company has to throw it at a minnow or even a larger fish ..... a takeover needs to make economic sense to the predator

georgetrio - 19 Aug 2006 22:44 - 630 of 1049

cynic
yes, they will only buy the best. no question about that but will they buy? yes because they are financially capable.

movinup - 20 Aug 2006 18:38 - 631 of 1049

cheers everyone, dont do a lot of investing, limited funds, so i looking for safe options rather than, losing my hard earned, any advice appreciated,
movin.

Rutherford - 20 Aug 2006 20:15 - 632 of 1049

Movinup.: This could be a great investment but please do your own research as this is very high risk and not for the faint hearted just like all small Exploration companies. NOP are far less risky but I have held BLR for over two years and staying till the end one way or another.

georgetrio - 20 Aug 2006 20:38 - 633 of 1049

movinup
if you don't want to lose, buy bonds, or use savings account. but if you want to win, you should be prepare to lose too and rejoice. i like little fishes which come with high risk and high reward but only after a lot of homework or diggings. now how much are you prepare to lose? and how much are prepare to win. if you start, you will lose then you will win but the decision must always be yours.
best luck and be strong

movinup - 21 Aug 2006 08:02 - 634 of 1049

cheers.looks like an exciting challange.

movinup - 21 Aug 2006 08:16 - 635 of 1049

why do people buy less than 50 worth ?

austing2253 - 21 Aug 2006 08:22 - 636 of 1049

movinup, How long is a piece of string? Always do your own research. You win some, you lose some. Hopefully, if you have done your research properly you win more than you lose. Be prepared to lose all!!!

Only invest in shares, especially these pennyshares, when you have paid off your debts and have about 3 - 6 months savings you can put your hands on in an emergency.

Hope this helps...

movinup - 21 Aug 2006 09:00 - 637 of 1049

yep all advice helps thanks.got to start somewhere i suppose.

movinup - 21 Aug 2006 09:47 - 638 of 1049

gemini oil is backing blr, i take it this is good news

Rutherford - 21 Aug 2006 09:51 - 639 of 1049

Excellent news for BLR.
Gemini will fund Monterey well costs. Market like it!

moneyman - 21 Aug 2006 09:56 - 640 of 1049

Monterey Well Funding

RNS Number:8865H
Black Rock Oil & Gas PLC
21 August 2006


For immediate release

21 August 2006

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


Funding Secured for the Monterey Appraisal Well

Black Rock with interests in Colombia and offshore UK, is pleased to announce
that it has come to an agreement with Gemini Oil & Gas Fund II, L.P. ("Gemini")
whereby Gemini will fund Black Rock's 15% share of the drilling and testing of
the forthcoming 49/8c-4 Monterey appraisal well, in the Southern Gas Basin of
the UK North Sea. The Monterey Gas Field is estimated to contain 165 billion
cubic feet of reserves. The well will appraise the commerciality of the field.


Operated by Wintershall, the Monterey appraisal well is expected to commence
drilling during early September and will take approximately 53 days to reach its
projected total depth of about 4020 metres. If tested, it is estimated that it
will take an additional 20 days to complete the well. The water depth in this
location is about 35 metres.


Discovered in 1989, the field is located approximately 15 kilometres west of the
Windermere gas platform and south of the Schooner and Ketch gas fields.


The initial well, 49/8-2, intersected a 300 foot gross gas column reservoired in
Carboniferous sandstones. Despite severe formation damage in the original well
it flowed gas on test at a rate of 5 million cubic feet per day.


The level of funding guaranteed by Gemini is up to $US4.274 million
(approximately #2.4 million). This funding is in return for an entitlement for
Gemini to receive payments from Black Rock's future revenues from the Monterey
Gas Field.


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


"The agreement with Gemini is excellent news as it allows us to fund our
interest in the field without recourse to shareholders, yet retain a significant
proportion of the potential cashflow. The field has been drilled previously and
there are known, quantified reserves of gas so we are optimistic regarding the
outcome.


"In both Colombia and the North Sea we have deliberately chosen highly
prospective acreage and experienced partners. As a result we believe that the
outlook for the Company continues to improve and the Board has never been more
positive regarding its prospects".


For further information, please contact:

Black Rock Oil & Gas plc
Ivan Burgess, Managing Director Tel: 020 7240 3953
Mobile: 07917 185129
www.blackrockoilandgasplc.co.uk
---------------------------------
Beaumont Cornish Limited
Roland Cornish, Chairman Tel: 020 7628 3396

Bankside Consultants
Michael Padley/Susan Scott Tel: 020 7367 8888



Editors' Notes:


Black Rock has holdings in the North Sea, Celtic Sea and Colombia. In the North
Sea Black Rock has a 15% interest in Blocks 49/8c and 49/9d, operated by
Wintershall. The Monterey Field was originally drilled in 1989, gas flowed and
it is estimated to contain 165 BCF of gas. An appraisal well to test
commerciality will be drilled shortly.


The Association Contracts in Colombia are held in conjunction with a joint
venture partner, Kappa Resources Colombia Limited ("Kappa"). As 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 contract contains three known
fields, Arce, Baul and Bukhara. 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 2007. In addition, the Company has a 50%
holding in the Alhucema Association Contract where initially seismic acquisition
will be undertaken this year.


Gemini Oil & Gas Fund II, L.P. is an international oil and gas investment fund
that provides funding to small to medium sized oil and gas companies globally
for specific projects.


Qualified Person


Dr John Cubitt (a Director of the Company) has been involved in the oil and gas
production industry 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.


ENDS



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

END
AGRKFLBLQVBXBBV





moneyman - 21 Aug 2006 09:56 - 641 of 1049

It's a no risk situation for BLR. No find no fee.

Excellent.
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