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

Burgess back in the UK after Colombia visit and should hear news in the next few days regarding Arce and hopefully some insight into when Monterey will start.

Any proper details of the Gemini dela yet? I mean with
all the figures?

I assume we will get the details of the Gemini deal along with an update from Arce.

Just been given the brush off by Sue Wier. Basically shut up and wait!

RPACO

I got the same from, RIFT !

When there like that it's always nice to advise them which directors carry your votes and why, Sue Wier, cheeky cow!!

Rumour of news this week on AFN

anyone tell me which broker took the last two sells HB unable to find them and insisting the sell price hasnt moved from 1.1p[ 1.15@13:13 and 1.17@14:15]

Black Rock Oil & Gas PLC
21 September 2006


For immediate release
21 September 2006


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

Project Updates
Steaming plant on site in Colombia
North Sea drilling commenced

Black Rock Oil & Gas ('Black Rock' or 'the Company'), which has interests in
Colombia and offshore UK, announces that its projects in Colombia and the North
Sea are proceeding in line with the Board's expectations and are expected to
come to fruition in the next six months. The following update describes the
progress made in more detail.

COLOMBIA

Las Quinchas: Arce Oil Field

The Company is pleased to advise that construction of the facilities on the Arce
Oil Field required for the forthcoming testing programme has commenced. The
steaming equipment and tanks to store the oil produced have arrived on location
and steaming of the field will commence during the next 30 days. The steaming
process is designed to take approximately 6 months. The Company will provide
updates on progress, as and when significant developments are reported.

The operator (Kappa) has also advised the Company that it expects to start
drilling a further 2 wells in the las Quinchas project area before the end of
this calendar year. Further details will be provided closer to the commencement
dates.

Alhucema Block

The joint venture company has commenced recording a 50 line kilometre 2D seismic
survey within this project area. The survey is designed to better define and
evaluate prospects and trends ahead of drilling which is scheduled for 2007.

NORTH SEA

Black Rock is pleased to announce that drilling of the 49/8c-4 well in the
Monterey Gas Field of the Southern Gas Basin, UK North Sea commenced this week
using the Noble Kolskaya. The Monterey Gas Field is estimated to contain 165
billion cubic feet of reserves and the well will appraise the commerciality of
the field.

Operated by Wintershall, the Monterey appraisal well will take approximately 53
days to drill to a total depth of approximatley 4,020 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.

Details of well funding

As previously advised the arrangement with Gemini Oil & Gas Fund II, L.P.
('Gemini') to fund up to $US4.274 million (approximately 2.4 million) in
respect of the Monterey 49/8c-4 well is without recourse in return for an
entitlement for Gemini to receive interest and principal repayments based on
Black Rock's share of future revenues from the Monterey Gas Field. Gemini will
therefore receive no repayment of the funds provided until the Monterey Field is
taken into production with the Company's cash flow position being further hedged
by the Gemini payments being capped at 33% of Black Rock's gross revenue less
its share of operating costs in any month. This deal eliminated the need for the
Company to raise equity to fund the drilling of the Monterey well and therefore
does not dilute shareholders interest in the Company.

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

'We continue to make excellent progress towards our aim of becoming an oil and
gas production company. We expect to be in production in Colombia later this
year, in a small way initially, and we are very optimistic regarding the
prospects for Monterey, the Company's share of the drilling costs which are
being funded by Gemini. The field has been drilled previously and there are
known, quantified reserves of gas.

'The agreement with Gemini is good news for shareholders as it allows us to fund
our interest in the field without recourse to them, and yet retain a significant
proportion of the potential cashflow.

'In both Colombia and the North Sea we have selected highly prospective acreage
and experienced partners. As a result we are hopeful that the hard work that the
Board has carried out over the past year will allow the Company to complete its
transformation into a cash generating oil and gas production company before
long'.


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

Ivan BURGESS (a Director of the Company) has been involved in the oil and gas
production industry for about 30 years and obtained a BSc(hons) in Geology from
the University of Western Australia. He is a Chartered member of the
Australasian Institute of Mining and Metallurgy. He has compiled, read and
approved the technical disclosure in this regulatory announcement.

ENDS

Back in this morning in a small way.

Looks good, I guess....things are progressing along okish... if a bit delayed.....once they start actually getting production/flow through then we should really see a take-off in the sp?

Morning all.

Welcome back, Seawall.

This is good news, albeit that the production schedule has slipped slightly - we were originally hoping that Arce would be in production this calendar year.

The funding, however, is very good news, and clearly reflects a high level of confidence in Monterey's ability to produce the goods. It may be too early to expect that it'll be a smooth upward ride from here, but for those of us who are in for the medium to long term, it's looking very encouraging.

Happy with my overweight holding at 1.5p average.

Good luck to all.

all IMO, PDYOR.

seawall,
was that you in at 1.4 or 1.35[listed as a sell] if you dont mind a personal question, that is
have set a sell limit of 1.35 but dont know how realistic[def not if it was a buy]
Alex

get on now or you will miss this low price the only way is up.

par for the course ! the sp is going back down! it's going to be all over the place !

robert - sorry went out for a while.

I would suggest all the trades are buys today.

Mine was at 1.4 per share.

I suspect this time next year the sp today wont matter a bit, all imo etc.

I can wait for this stock but then I have only invested peanuts.

Seawall, I agree that things should look very different a year from now. Monterey seems to be very positive - I assume that the actual rate of production will be far higher than that on past tests, or at least I hope so.

It will be nice finally to get some positive cashflow!

soul - this is one I have been tracking for a while.

The outlook fits the criteria I look for in every way.

Now is the time to be deciding what I am doing with it, and I will increase my holding at certain stages of development as they are achieved.

That suits me.

Sounds wise, Seawall.

I too have been following for a while - got about 400-worth when it was around 2.2p a couple of years ago and have since added a lot more at around 1.3 - 1.5p.

Rightly or wrongly I decided to hit this one big early on, hence my overweight holding, as I have been pursuing the logic that the most explosive growth potential would come early on and while the SP was languishing. Only time and the drillbit will tell.

Soul
i don't blame you for being overweight and it is true that the north sea asset is where every eagle eyes investor is looking at. I like BLR and i think there is something highly attractive about it and that's the north sea. One smart decision was the secure funding in place without dilution at this stage and now let wait and see. Fish can fly. best luck