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

Cos you can post anywhere you like, that's what BBs are for. A contrary opinion adds balance, rather than the blinkered view usually adopted by most holders of a stock (me included).

pth

"this company is crap"

sorry that's not a contrary view !

It's amusing that BLR keep saying that they only take on safe acreage! How many dry holes now,how much cash left and how many more shares will have to be issued to keep them going?

Oil Barrel article...

01.05.2007
CDS Secures Farm-In Support For Paraguayan Exploration Project
When it comes to destinations for E&P investment, Paraguay is a little off the beaten track. Those companies that have ventured into the country have struggled to make head way, prompting AIM-quoted Chaco Resources to diversify into investor-friendly Colombia. Fellow AIM firm CDS Oil & Gas has continued to plug away in Paraguay but slow progress, financing issues and disappointing well results have contributed to an 80 per cent decrease in the companys market cap since its 2005 IPO.

Things may, however, be about to pick up. The company, which has rights to three blocks covering almost 30,000 sq km in the north-west of the country, has agreed option terms with another AIM explorer, Black Rock Oil & Gas, for a possible farm-in to the Boqueron Concession. John Bentley, chairman of CDS, said Black Rocks participation confirmed our confidence in the potential for these properties.

Under the terms of the option, Black Rock, which is also active in Colombia, has 100 days to decide whether to acquire a 20 per cent interest the subsurface rocks down to the Carboniferous in return for a cash sum and paying 40 per cent of the costs of a 2D seismic shoot over the acreage. If Black Rock fails to exercise the option it will pay a break fee of US$50,000. The total cash cost to Black Rock is expected to be US$1.35 million.

The Boqueron Concession is one of three blocks held by CDS in the Chaco Basin of northwest Paraguay, close to the border with gas-rich Bolivia. Its a region that has seen sporadic but sparse bursts of exploration activity - and very limited industry interest in the past three decades - with 26 wells drilled between 1947 and 1996, of which 22 had hydrocarbons shows. Only one of these wells (the 1993 drilled Independencia-1) was production tested. CDS re-entered and re-tested the well in March 2004, when it flowed at a rate of 960,000 cubic feet of gas per day. Although sub-commercial, the flow rate did indicate the presence of an active hydrocarbon system in the region.

These 26 wells were never followed up for a variety of reasons: oil and gas prices were too low at the time to support development; there was limited access to the Paraguayan Chaco Basin; poor production technology had led to unreliable results. As a result, the country has been largely overlooked by the industry. CDS hopes to change that.

Boqueron, reckoned to be the most prospective of the companys blocks, is home to the Emilia oil prospect, which an independent consultant reckons could hold 27.2 million barrels of oil, of which 6.4 million could be recoverable. This is a Carboniferous oil target at a depth of 800 metres. The consultant, Collarini of Texas, reckons the reservoir is potentially more productive than originally thought. There are several Emilia analogs on the acreage.

Following a detailed review by independent technical consultants, we consider that there is a high chance of commercial hydrocarbons occurring in the Emilia structure, said John Cubitt, Black Rocks managing director.

The exploration period on the concession runs until November 2009, by which time CDS must shoot at least 250 km of seismic at a minimum cost of US$750,000 and spend at least US$1.7 million drilling three exploration wells. CDS is currently reprocessing 930 km of existing data and working on the results of an aeromagnetic survey that was conducted in November 2006. Results are due shortly and investors will be hoping for good news.

CDS has certainly had its fair share of legal and financial wrangles over the past two years. It came to market shortly after the Regal Petroleum debacle, which created problems for its IPO. It has struggled with financing to advance its exploration plans, a situation exacerbated by difficulties accessing equipment in a tight market for work in a remote location. In April 2007 the company completed a 1.8 million placing, bringing to an end a tortuous fundraising launched back in 2006 that saw one placee, US firm Calim Private Equity, fail to deliver funds it had committed to subscribe.

In January 2007 the company settled a long-running dispute with drilling company Nabors related to the drilling of an over-budget well on its Gabino Mendoza Block in late 2005. CDS agreed to pay Nabors a settlement of US$270,000 and a US$130,000 contribution to legal costs. That well, CDS-GM-05-5001, was drilled to a depth of 1,635 metres. Liquid hydrocarbons were found in several zones but reservoir quality was poor and the oil was unable to flow unassisted.

Although the oil potential failed to materialize, CDS believes the well results point to a possible deep gas target and it plans to deepen the well to 3,240 m. The original Mendoza 1-R well, drilled by Pure Oil back in 1959 some 200 metres to the north-west, flowed gas at a rate of 2.6 million cf/d during a 48 minute drill stem test from a gas zone at a depth of 2,600m.

The companys then CEO, James Wade, said the well results were disappointing but did improve their understanding of the regional geology. Whilst it is always difficult to extrapolate from a shallow to a deeper horizon, the results do provide encouragement for the prospectivity of gas at depth.

There is certainly potential in Paraguay, with wells consistently finding hydrocarbons. With Black Rock on board and sharing some of the forward exploration costs, investors will be hoping CDS finally gets to unearth that potential.

Someones very quiet tonight !

Cynic,okay in your opinion the company is crap but having bought into BLR at .56p i personally think i have called the bottom of this share. You can slag the company all you want but at the end of the day the one thing i have learnt in the last 3 years is to not get too cosy with a company, its a recipe for disaster.In my opinion there is further upside from information i have recieved,so if i like the company or not hopefully it will make me some money.

This bunch of South Americans sound just up BLR's street!!!!! Best no one tells CDS investors to much about BLR's track record for finding hyrocarbons.

New research report

http://www.blackrockoil.com/investor/broker/020507_vsa.pdf

nice SP increase today...long may it continue but it never does as it always go down again... may be different this time

There we are... back down again...what did a I say! ?

MMs caught short and trying to get stock.

Still buying at .80 as far as I can see.

there we bid back up to .007...what did I say ?

Bid is now .0080...bouncing around all over the place...

Inevitable profit taking - one must be cynical about this stock ;-)

News due out this coming week

Really? Another Black Rock Phantom! Got used to them over the last year!

There was news today !

the news out today on Black Rock oil makes (seo) look good

Why ? Many didn't want more dilution wich is what would have happened if they had gone ahead.