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

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...

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

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

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

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

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

Excellent.

Just the news we have been looking for.

There should be a steady newsflow now for some time to come. Fingers crossed that all is positive. Still hoping for early retirement!

Good morning, Very positive. OK we give a little bit but a much better option than more dilution IMO! Gemini will also give the BLR cv a boost.

Looks good to me !!

fingers crossed for you guys ...... good news for you even if i like good sex and heavy oil does not feature there! ..... lol!

Well it sounds like it may be good BUT:

What is the agreement with Gemini? How much future revenue has it been agreed to give back?
Is it a percentage or a fixed amount? How long is the revenue agreement for? eg 10% for 6 years, or money back plus 20 %

What if the revenue is lower than expected, will Gemini get all of it?

Anyone know if the full details are posted anywhere?

Good point rpaco. Haven't seen anything beyond the RNS as yet. But the less we have to rely on ARCE, the better as I see it... it never was going to be a company maker. Having been holding and averaging down for some time, I'm at last beginning to relax a little (I think!)
rgds

With thanks to ROL on ADVFN:--

Have just spoken to Ivan.

Sounds like I was at least partly correct in my guess.

The reason the figures werent on the RNS is because its on a sliding scale, and its something which is hard to get across in a snappy RNS. Ivan is just waiting at teh airport for a flight out to Columbia and didnt have the figures on him (another reason maybe why the detail wasnt in the RNS?). He couldnt quote the exact details without his papers, but the ratchet has around six different elements / stages, and works across different time periods. He said that in his view it was a good deal.

He was surprised the SP hadnt reacted more positively, at which point I mentioned that could be because noone knows how good the deal is until they see the other side of it in terms of numbers, which he agreed. He said he would look to get those numbers out to shareholders at his next opportunity.

I asked whether the steaming gear equipment was on site yet. He said he is on way to Columbia now. He said he is going to chase why where the steaming kit is in Columbia, said to me, last he heard was 3-4 weeks ago it was in customs, and to his mind it shouldnt take that long to clear.

Clarification to come. Ivan positive and wanted to get the news out as soon as possible.

Just thinking out loud - Why would Ivan be on his way to Colombia now ? Is he off to witness the steaming ? He could not have said anything to RoL as that would have been market/price sensitive information...


DYOR

Made the Stockmarket Report tonight

Black Rock Oil shares jumped 0.1p to 1.2p after the company said that it had agreed with investment fund Gemini Oil & Gas Fund II that it would 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 company said that Monterey Gas Field was estimated to contain 165 billion cubic feet of reserves. The well will appraise the commerciality of the field.

Another move higher today. Think with confirmed news from ARCE we could see 2p and then Monterey 3p. Great price to get in at and still undervalued when compared to some of it's peers.

Had to tell what are buys & what are sell @ moment can buy 1.19 & sell 1.18

on the move north,

Play update in Shares magazine today.....still a speculative buy.