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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

Like so many of these small oil companies over rated under achievers sefton and Cambrian oil and gas. Leg it dump now put your cash else where.

wish i had not been so prescient this morning ...... condolences to holders

Understand what you mean about the small oilers but this has major up left potential I will be topping up certainly not dumping !

Glad this was one I ditched last week.

Bad luck to those who remain.

cynic, your premonition this morning is quite disturbing.

What are this weeks lottery numbers please, for Wednesday?

sww dont right them off just yet !! I still hold at 1.10 and look at the sp after the RNS , a lot more risk now for sure but we will see !

Grim...but the sp is now only back to where it was a few weeks ago.. .I'm staying in for better for worse and all that... I went in this for as a high risk punt... so not ditching now... could be so much different in a couple of yrs time! or it go bust ! who knows ? grim but exciting !

looks like 4 MM x 250k buys after closing ??

smilero - I am not wrting them off, just in my p/f.

A bit of a disagreement on the board saw Ivan go, and here we are now with this a short time after.

Did he see this coming?

sure he did and has left a pile of ? behind him :) will be interesting to see what happens tomorrow

http://ifcln001.worldbank.org/ifcext/spiwebsite1.nsf/f451ebbebr34a9a8cabr85256a550073ff10/278f3f2c8d790bea85257178006439f9?OpenDocument

smiler o : Good post.
IFC is also working closely with Kappa to help the company develop best practices in corporate governance, environmental and social management systems.

Maybe they havent started that course yet!

Morning peeps!

SP is crawling back into positive territory this a.m:

BLR Bid: 1p Offer: 1.2p Change: 0.025

I remember well that SBE got sh4fted by one of its partners; the stock even got suspended but was still a more than worthwhile hold for anyone with the guts to hang on. Monterey will make up for the current issues, IMO, and hopefully the Kappa stuff will be sorted out in gentlemanly fashion.

A better result this morning.

This will blow over imo.

Still grim though isn't it ?

BLR announced it early on and have taken strong actions, my only worry is the apparant lack of due communication leading to the mess.

What evers going on up 10% today!! Seams the market doesn't share the BBs concerns. Personally I would be worried if BLR hadn't taken action!!

SP making a stab at recovery today: BLR Bid: 0.95p Offer: 1.2p Change: 0.075

FWIW I halved my holding at 1p on Monday and put the proceeds into GTL, as a risk-spreading measure. I might not have done so if things in the Colombia JV hadn't turned out to be so iffy, but remain positive about my remaining holding.

Seems BLR and Kappa are now in discussion according to another BB.
Looking for Monterey results in the next few days.
All looking better than last week after the RNS.
Carrizo (partner in Monterey) hit 5 year high tonight on Nasdaq.

Up 16% today !

BLR Bid: 1.1p Offer: 1.3p Change: 0.125

It's Murphy's law, Ruthers - both the stocks I sold over the last few days as a precautionary measure are now going through the roof.

Thanks for your update.