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

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.

Soul I know what you mean, I was going to buy FOGL at 66p wed morning but changed my mind now look , Sod's Law ! :)

CRZO was up another 3.8%

Smiler, there will be more opportunities with FOGL - after all, they are still a long way from actually finding any oil.

Glad to hear Carrizo is doing the biz - eagerly awaiting Monterey results.

How bad is this result in regards to the company as a hole, does anyone have an opinion?

It's grim !

BLR will be in discussion with Kappa within the next two weeks so hopefully that can be resolved.
Regarding Monterey, it is very disappointing, and the only positive is that it is not plugged and abandoned. Revaluation of the well and possible sidetrack will take months to process and then possibly go back to it.
I am holding for now as not much downside left!

Same here !... there will be good days!

bargin buyers are beginning to come back in..wouldn't mind some more myself!

Will hold for a while to see if it recovers, might give it the chop if I need the cash.

Regaining a bit of ground now:

BLR Bid: 0.8p Offer: 1.2p Change: -0.15