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

Yes, let's hope so..

Morning all,

Very satisfactory this morning - hope the North Sea delivers the goods!

If it don't you will soon know.

I have dropped out and am closing some old postions that have not done as expected.

SWW - LOL, I guess this one probably will get dropped like a hot brick if Monterey is a duster!

I am maintaining my confidence, however, and hope that it will be rewarded.

PS - if you fancy a punt, AAU's looking cheap ahead of drilling results at their gold sites in Turkey, expected out at the end of the month, but PDYOR.

Rather put my money in TRP ST

Only now is the price where it was prior to extra shares so lots of room to improve over the next week.

Sokay soul.

Moving into a differnet state this time I am going comotose for a while.

I still have stocks, it's just I had too many punts.

BLR will be fine now I am out.

Wait and see.

Morning SWW

Just got back in :-)))

Anyone know roughly what flow rate is required to make this commercial.

regards

Doc Square! Welcome back!

Off the top of my head, I don't know the answer to your question, but I believe the WH Ireland report (see company website) might give some indications of what can be expected.

SWW - I know the feeling; have spent too long and lost too much dosh sticking with high-risk stuff when more dependable stocks have been getting away nicely. Funny how it never seems to put me off, though!

Good luck to all.

Welcome back Dr square, it's been a good day, I hope this is the start of BLR.

soul it wont me either.

Just trimming the that's all.

Hello Square.

Good to see you.

RNS out and they confirm.

Thanks Moneyman. Here's the full text:

Black Rock Oil - Drilling Report
RNS Number:9925L
Black Rock Oil & Gas PLC
13 November 2006


For immediate release

13 November 2006


Black Rock Oil & Gas plc

('Black Rock' or the 'Company')

Monterey Appraisal Well - Drilling Update


The Board of Black Rock (Stock Code: BLR), the UK-based oil company with
interests in Colombia and offshore UK, announces that drilling on the Monterey
appraisal well, 49/8c-4, in the Southern Gas Basin of the UK North Sea, has been
completed and a gross carboniferous reservoir interval of approximately 60
metres was identified in line with the Board's expectations. Testing on the well
has commenced and a further announcement will be made in due course.

Fantastic! I have just hit break-even at 1.5p!

BLR Bid: 1.5p Offer: 1.65p Change: 0.5

Edgein - 13 Nov'06 - 15:36 - 1070 of 1070


Well the value of Monty could be quite good depending on the economics. There is potential for this well to flow 30mmcfd or 750boepd to BLR. Reserves could be in the region of 165bcf or more depending on the production index of this well. The PI is expected to be high with only two wells to develop the entire field and given the 30mmcfd rate (would be classified as a significant discovery by the DTI if that is the case). The reserves would be approximately 4-5mmboe to BLR, a undeveloped NAV of about 20-25m. Given a modest rate of $5/mcf, you would be talking revenues exceeding 22,500 per day to BLR. the reserves would give them purchasing power or leverage to get developmental funds. Development of monty would be late 07 early 08, we would get an appraisal some time next year if successful. I could see BLR appraising Monty and selling on a confired reservoir size, auctioning monty at the stage of two shut in production wells could fetch in a very decent amount to BLR (25-30m) not small buns to a 8m company. Colombia would fit in there somewhere on top of this. How many other companies have 15% carried on a potential 165bcf target and cash in the bank and a pilot steam production project on an oilfield. If Monty is a goer BLR will be grossly under valued. Derisked monty could be worth 3p on the share price, Arce baul 1-2 etc lets not even get onto Bukhara or La Tolda yet.

Regards,
Ed.

Thanks for that Moneyman could you ask Edgein to do the same comparison on Gold Oil (GOO) for me?
We have struggled to place a price on value.

Moneyman.. thanks for the summary.. was wondering what it all meant...!
onwards and upwards eh!

Onwards and upwards indeed.

The biggest problem for BLR to overcome is sentiment.

The 60m gross column is nice, then we need to know how much will become net.

I have dumped out and I suspect others will have taken this opportunity to do the same without too much damage.

BLR has tested patience with a lot of holders from what I have read, others will be happy to leave.

For those who are now bullish on BLR good luck and I hope it goes well for you.

I am banking cash for a while.

Would be nice to see it break the 2p barrier today!