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

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.

Bet Shares Mag gets bored or stops it just before the action starts!

I won't, though - I am possessed of incredible patience and a desire to make money sitting at my computer screen!

certainly is a speculative buy, is hardly moved in the past month, people keep saying the price will rise to 2p-3p. with the amount of shares in issue. This will not a consolidation would be approiate similar to SER, but before this happened the price droped.

Shadow with updates expected on ACRE, Ivan is in Colombia at present, and MONTEREY spudding soon you better be quick.

Action time, or at least it should be! DYOR.

'bout time too!

predictable ! bid gone back down again ! can't see why it they change it all around every 5 mins.

Volatility makes the market!