Rutherford
- 30 Mar 2004 20:18
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
skyhigh
- 18 Jan 2007 09:42
- 915 of 1049
Well, there it is... it's dropped the 25-30% (imho) something's going on that's for sure! placing/refinance coming up!?
News must be soon..
BTW...grim isn't it?
skyhigh
- 18 Jan 2007 11:32
- 916 of 1049
Well, here it is at last..there was a placing afterall... haven't a clue what all below means...this might sound silly but I guess institutions would not have stumped up the backing if there was no chance of any return...so I see this as positive and specualtion will drive the sp back up again ? (imho)
Black Rock Oil & Gas PLC
18 January 2007
FOR IMMEDIATE RELEASE 18 January 2007
Black Rock Oil & Gas PLC
('Black Rock' or the 'Company')
Placing
Black Rock (stock code: BLR), the UK-based exploration company, is pleased to
announce that through its broker, VSA Resources Limited, the Company has
conditionally placed 317,000,000 new ordinary shares of 0.5p each ('Ordinary
Shares') with a number of investors at a placing price of 0.5p per Ordinary
Share (the 'Placing') to raise 1,585,000 (before expenses) subject to
settlement. The Company intends to use the Placing proceeds to provide
additional working capital and in particular, to fund the next payment of
approximately US$1,000,000 to the Company's Colombian joint venture partner,
Kappa Resources Colombia Limited ('Kappa').
Kappa has previously advised the Company that it expects to start drilling the
Acacia Este prospect in the Las Quinchas Block in January/February 2007.
Drilling and testing is expected to take 4 to 6 weeks. On completion of this
well, assuming a minimum cost of US$1.5 million, Black Rock will have earned,
subject to approval from Ecopetrol, a 50% non-operator equity interest in the
Las Quinchas Block.
The additional Ordinary Shares will on issue rank pari passu with the existing
Ordinary Shares in issue and application will be made for the new Ordinary
Shares to be admitted to trading on AIM, following which Black Rock will have a
total issued share capital of 1,022,955,530 Ordinary Shares admitted to trading
on AIM. Trading in the new Ordinary Shares on AIM is expected to commence on 31
January 2007.
John Cubitt, Managing Director of Black Rock Oil & Gas plc, commented:
'The Board of Black Rock is delighted that the investment community continues to
support the Company. This fundraising will enable us, subject to Ecopetrol's
approval, to complete the earn-in of a 50% interest in the Las Quinchas Block,
and to initiate an active drilling programme in Columbia in 2007.
'We have been advised by the Operator, Kappa, that the Arce test wells have
produced oil at ambient temperatures and we expect to conclude the steam
injection test programme during the second quarter. A development plan is then
expected to be submitted by Kappa for Colombian government approval, at which
stage we would be able to assess the economic value of our attributable interest
in the Arce field reserves.
'In terms of the proposed drilling of the Acacia Este prospect, Kappa hopes to
spud the well very shortly for what is expected be a two week drilling
programme. Testing should take approximately a further two weeks, such that we
anticipate being able to make a further announcement regarding Acacia Este
around the end of the first quarter of 2007.'
laurie squash
- 18 Jan 2007 12:18
- 917 of 1049
At least we know now can only see the sp improving IMO but steaming and most things are now 2nd quarter.
laurie squash
- 30 Jan 2007 12:16
- 918 of 1049
How many 0.65p buys before the mm's go blue.
cynic
- 30 Jan 2007 12:42
- 919 of 1049
stay out! .... or sell your shares to Moneyman who rates this company and who, according to him, has NEVER lost money on a share
Marcel1970
- 01 Feb 2007 15:27
- 920 of 1049
Laurie 2 days on, loads & loads of .65 Buys and still the buy price has not moved.
skyhigh
- 01 Feb 2007 16:32
- 921 of 1049
conspiracy!
laurie squash
- 02 Feb 2007 10:12
- 922 of 1049
Finally a small gain up 0.11 at the moment.
moneyman
- 04 Feb 2007 22:57
- 923 of 1049
cynic calm down old fruit.
cynic
- 05 Feb 2007 09:04
- 924 of 1049
MM ... had to look back to see to what you were referring .... lol! ..... happy to see that one of my own 3 spivvy shares (VOG + GOO n CHP) is showing signs of life .... perhaps just pre-mortality twicth!
on the other hand, several of my classier stocks have been performing very well, so overall a very pleasing couple of weeks.
explosive
- 07 Feb 2007 22:04
- 925 of 1049
Well done cynic, nice to see your making some money, just don't forget to sell!! I wouldn't want a repeat of last year when you pretty much winged and wined all year.
laurie squash
- 21 Feb 2007 15:08
- 926 of 1049
Finally green today but at least real prices the last week with 0.71 as aBuy was so misleading with 0.80 as the price. All showed as Sells.
Still a hell of a road up from here!
cynic
- 21 Feb 2007 15:57
- 927 of 1049
winging is what birds do; wining is what i do most evenings (Gruner Veltliner tonight i think) ....... whinging and whining i rarely do, or not for long .... banking profits, i have been regularly, to the disdain of some others on this site ...... buying BLR, i am glad to say, i have not not ever had any intention of so doing.
skyhigh
- 13 Mar 2007 09:03
- 928 of 1049
Oh dear ! 'ere we go again.. another sp downturn !
skyhigh
- 13 Mar 2007 10:15
- 929 of 1049
Grim isn't it !
robertalexander
- 18 Mar 2007 20:16
- 930 of 1049
edited - i found the answer i was looking for
cynic
- 18 Mar 2007 20:28
- 931 of 1049
sorry, but this company and its product (heavy oil) have always been very unsexy .... Cassandra told you several times before
moneyman
- 21 Mar 2007 16:40
- 932 of 1049
With thanks to
gizmot1000 - 21 Mar'07 - 16:35 - 5831 of 5831
heres a good find i feel http://offshore247.com/news/article.asp?Id=7213&catname=Field/development
Monterey gas to Windermere
Friday, March 9, 2007
Development of the UK Monterey gas discovery in the Southern North Sea is looking increasingly likely as a tieback to the Windermere platform with output exported to The Netherlands.
Operator Wintershall Noordzee is considering the Windermere tieback option after making the discovery last year and a development plan is likely to be put to field partners this summer.
Partner Black Rock Oil and Gas has said that is the development route being examined by Wintershall after drilling the discovery which spans UK blocks 49/8c and 49/9d discovery last year.
Monterey is about 15 km (9.3 miles) west of the Windermere gas platform and south of the Schooner and Ketch gas fields, in a water depth of 35 M (114 ft).
Monterey is estimated to contain around 165 Bcf of gas although that figure has not been verified by independent analysis.
The Monterey field, originally drilled in 1989, was estimated by Carrizo (based on analysis then provided by the field operator, Wintershall Noordzee) to contain 165 billion cubic feet of gas reserves, although no formal resource or reserve has yet been prepared under any of the accepted standards and this figure has not been independently verified by the company, Black Rock, which has a 15% stake in part-blocks 49/8c and 49/9d, declared today.
The field operator is currently undertaking detailed technical evaluation of the well results and simulation of various development options to put to the Joint Venture Partners during the summer of 2007. Amongst the options being considered is to drill one or more horizontal producers. Typically, such wells will have horizontal sections of 500m (1,640 ft) or more in order to obtain commercial rates and the well may also require hydraulic fracturing. If developed, the field operator is considering piping the gas to the nearby Windermere and Markham Fields and from there to the Netherlands, the companys chairman Tony Baldry informed shareholders.
smiler o
- 23 Mar 2007 17:33
- 933 of 1049
Black Rock Oil & Gas PLC
23 March 2007
For immediate release 23 March 2007
Black Rock Oil & Gas plc (the 'Company')
Director's Dealings
The Company has been notified today that Peter Kitson, Finance Director has
today purchased 1,528,510 ordinary shares of 0.5p each in the Company (the
'Shares') at 0.65p each. This number of shares represents Mr Kitson's total
holding, or 0.15% of the Company's total issued share capital.
ENDS
ptholden
- 23 Mar 2007 18:13
- 934 of 1049
If anyone knows anything about the financial prospects of the company, surely it must be the Finance Director?
Mind you, history proves that the logic in that particular arguement is not always a good indicator!!