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

1 Million purchase just gone though.

Wish it was me

1 mill is only 16500.00 , it's not that much , but it's a positive sign.

Results on Monterey either Friday or Monday! Very hopeful!

Still got ARCE news to come as well.

New research note/report on web site 17 nov

Thanks for that Smiler. Good report, let's hope that ARCE does not turn into a FARCE and makes an ARSE out of us!! I am very positive about this company.
kim

http://www.blackrockoilandgasplc.co.uk/investor/broker/171106_vsa.pdf

Thanks Smiler still reading through but good update will continue to hold long term.

I don't hold any of this company, primarily because I think heavy oils are seriously unsexy ...... that said, my unrequested (as usual!) advice would be to keep an eye on the 200 and 50 dmas, and sps reaction to them ......

Drop today due to fundraising for two other wells. See report on website.

I hope we won't see too much more dilution - anyone think BLR has a good chance of raising debt finance if Monterey turns out to be commercial?

Couldn't see any reason why it wouldn't Soul.

Explosive

In answer to your question some time ago, I sold half of GOO once they had double from my original stake. The remainder are now free, the other half is invested in BLR, split of risk, both will do well (I hope).

Still out of the country, back to sleep again zzzzzzzzzzzzzzzz.

pth

ptholden - Thanks for the reply, I sold all GOO for over a 50% profit, I believe these will fall again before climbing as investors will lose confidence waiting for news. Sounds abit like BLR but I think BLR is currently under rated and GOO over rated.

you may be (temporarily) right about the latter, but need a lot of convincing about the fomer

from oilbarrel.com today:
Great Expectations As Black Rock Oil & Gas Targets Move Into The Black
AIM-listed Black Rock Oil & Gas Plc is still a year or so away from first production, but as the company rides into 2007 there is plenty going on to lift the spirits of investors.

Most immediately, the results of the Monterey appraisal well test will gauge potential flow rates from the firms North Sea acreage. Here, Black Rock holds a 15 per cent stake in a UK Continental Shelf block operated by Wintershall, the oil division of BASF. Initial results identified a gross carboniferous reservoir interval of around 60 metres in line with expectations.

The Monterey gas field, discovered in 1989 and just 15 km west of the Windermere platform and south of the Schooner and Ketch gas fields, is estimated to contain 165 billion cubic feet of reserves.

We know weve got gas in the well, managing director John Cubitt told oilbarrel.com. The only question is will we be able to get flow rates that are commercially viable?

If things go well, the site could, in theory, see first gas production by the end of next year, or more likely early 2008. Black Rock is being funded in the drill programme by Gemini Oil & Gas Fund II, L.P., which will claw back its money through a slice of any production.

The schedule has slipped somewhat in Colombia, however, due to delays in getting equipment to the Arce oilfield where a steam injection project to up flow rates is underway. This is now scheduled for completion towards the end of the first quarter 2007.
After that, development plans need to be finalised and rubber stamped by the authorities before further work can get underway. Again, significant production from the field - first discovered over 20 years ago - is unlikely before 2008.

Black Rock holds a 50 per cent stake in the Las Quinchas block - home to the Arce heavy oil discovery with proved and probable reserves up to 10 million barrels - as well as the Alhucema block. But excitement is also building over a fresh two-well exploration programme in Colombia being lined up for early next year.

One of the wells, Acacia East in Las Quinchas, about 200 km northwest of Bogota, will target a significant prospect which Cubitt says has shown great promise in earlier seismic. Operator Kappa Energys links to rig suppliers through subsidiary firms also means that a repeat of the Arce delay is unlikely.

What the rig finds however could have a major impact on the firms future. According to a November 2006 research note from VSA Resources, Black Rock could add a net 30 million barrels of oil equivalent reserves to its portfolio over the next 12-18 months through various projects.

Whats more, with first revenues filtering in late next year, it reckons revenues could hit US$50 million in 2008, moving the company into the black from a net loss position.

Solid progress in the UK and Colombia will be critical for this to happen, and although the outcome of the exploration drive is uncertain, the Las Quinchas block is a proven hydrocarbons zone. Nearby oilfields Baul and Bukhara could also contribute to future production.

It is quite a transformation for a company that was just a small Australian-focused entity a mere few years ago. With a clear path mapped out on these two core international areas, Black Rock is now re-assessing its strategy again to widen its exposure.

With production just around the corner, Cubitt says it is time to think ahead and look around for some new opportunities. From a diversification risk viewpoint we feel we need to take on some new projects, he says. I would like to be able to put a couple of projects on the table in 2007."

"Black Rock Oil & Gas Plc is still a year or so away from first production ...... We know weve got gas in the well, managing director John Cubitt told oilbarrel.com. The only question is will we be able to get flow rates that are commercially viable? ...... Solid progress in the UK and Colombia will be critical ..... " ......... and so on and so on ....... IMO, while a minsuscule investment may make an interesting punt (could grow to something significant), anything more is taking a wild and blind leap of faith

Cynic, I still think that there's more certainty attached to BLR than many of the oilers with which I have flirted in recent months. You have to agree that the newsflow is positive, too.

It's going to require patience till the production comes on stream, but the future looks bright.

Ruthers, thanks for the post - Gemini funding will take care of Monterey development; I had forgotten that.

not necessarily untrue, but see no hurry to put cash in ...... lots and lots of time and an awful lot of things can happen in the interim, with the balance of probability (imo) being more likely to be negative