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
cynic
- 14 Jun 2007 10:46
- 972 of 1049
sure do! ..... though i did not have the balls to short this stock, i have been saying for many months that these super-viscous heavy oils are bad news in all sorts of ways as are the companies that try to extract them
Darradev
- 14 Jun 2007 10:55
- 973 of 1049
Sky, Hi.
I got out yesterday at a loss, should have done it sooner but got caught in the 'headlights of hope'.
Anyway, for what it's worth I have had two share consolidations in my portfolio in the last year and each has resulted in a post consolidation position at least 40% lower in share value from the time the consolidation notice was posted. Not saying that this will happen here, but I am not willing to take that chance. I will watch from the sidelines for now and put my money to better use in the near term.
Rutherford
- 14 Jun 2007 12:03
- 974 of 1049
Just to put a bit of balance into the share consolidation deal. I have held NOP from before their consolidation of 1 for 5 and have been very happy with the outcome regarding that one and hopefully this may end up the same way although undoubtedly a bigger gamble than NOP.
skyhigh
- 14 Jun 2007 12:15
- 975 of 1049
Just sold my lot..had anough..lost too much already, should have done it along time ago.. now looking for a new home for my measly 600..
good luck to those staying with BLR
cynic
- 14 Jun 2007 12:16
- 976 of 1049
vialogy may be worth considering
johnstonp
- 14 Jun 2007 15:36
- 977 of 1049
access intelligence is better and at least they make a profit. definately getting out of oil explorers and into data storage and solutions (ACC) just bought at 5.71
skyhigh
- 14 Jun 2007 15:42
- 978 of 1049
Already in ACC, having topped up recently...5.71 is a good sp to get in at for these...good company and ready for lift - off ! (imho).
For better or worse I've stuck my BLR 600 preceeds into SFX.. the're currently running at a discount to a recent .005p placing so I topped up on them.. should get news soon on disposal and new direction..they can only improve (imho)
cynic
- 14 Jun 2007 15:44
- 979 of 1049
sky+john ..... go to the ACC thread and have a look at the VILE chart now attached
mcmahons
- 15 Jun 2007 09:27
- 980 of 1049
Legged it out of this lot last week, 'sooner rather than later would have been the better option'.
On the conslidation front I have seen three of my shares over the last 2 years in this postion.
The result has been poor consolidation position at least 45% to 30% lower in value.
I am sure that some consolidations must go against the norm i.e lower value but for me this one looks even worse.
More lucrative shares else where.
moneyman
- 03 Jul 2007 08:27
- 981 of 1049
RNS Number:5005Z
Black Rock Oil & Gas PLC
03 July 2007
For immediate release 3 July 2007
Black Rock Oil & Gas PLC
Drilling Update
Black Rock Oil and Gas PLC ("Black Rock" or the "Company"; stock code: BLR), the
AIM-listed oil and gas exploration and production company, announces that the
Acacia Este exploration well in the Las Quinchas Association Contract in
Colombia was spudded by its joint venture operator, Kappa Resources Colombia
Limited ("Kappa") on Saturday, 30 June 2007 and drilling operations are
underway.
Acacia Este is a low-risk prospect on trend with the Arce Field that is
currently under long-term production test. Other fields on trend include the
prolific Chicala and Velasquez fields. The Directors expect the well to take
20-30 days to drill, test and complete.
The Directors of Black Rock believe that Acacia Este is one of the best
exploration prospects in the Las Quinchas Association Contract. If the Acacia
Este well is a discovery, Black Rock will propose to Kappa the implementation of
a fast-track appraisal programme to define the boundaries of the prospect and
prove up the reserves ahead of a full commercial development.
As announced earlier this year, Black Rock has now fulfilled all its obligations
under the farm-in agreement with the field operator, Kappa, for the Las Quinchas
Association Contract in Colombia and is now working with Kappa to submit an
application for the assignment of its 50% interest for consideration by
Ecopetrol, the National Oil Company of Colombia.
Dr John Cubitt, Managing Director of Black Rock Oil & Gas plc, commented:
"The spudding of Acacia Este has been eagerly awaited as it represents a
potentially high impact exploration prospect. It forms part of an extensive
portfolio of exploration and appraisal prospects in Colombia that Black Rock is
currently evaluating with our joint venture partner, Kappa."
Qualified Person
Dr John Cubitt (a Director of the Company) has been involved in the oil and gas
production industry for more than 26 years. Dr John Cubitt is a registered
Chartered Geologist (CGeol) and has a BSc and PhD in geology. He has compiled,
read and approved the technical disclosure as it relates to Black Rock in this
regulatory announcement.
micky468
- 03 Jul 2007 20:25
- 982 of 1049
There looks like there could be some good news to come... lots going on at the moment. abig hit thus all the busy little bees
3 July 2007
Black Rock Oil & Gas plc
("Black Rock" or the "Company")
Board Appointment
The Board of Black Rock (stock code: BLR), the UK-based exploration company, is
pleased to announce today that it has appointed Christopher (Chris) Robertson
Kinley Moore (aged 52) as a Non-Executive Director of the Company with immediate
effect.
Chris Moore is currently a Managing Director at Moyes & Co., Inc., in Dallas,
Texas, which provides global energy consulting.
Chris Moore's industry career started with BP as a Geologist in Aberdeen, London
and Tunis. He joined Tricentrol in London in 1980, working on a wide variety of
international projects. In 1988 he joined ARCO, initially as Planning Manager
for ARCO British in London. He subsequently held a variety of positions with
ARCO's international organization in Plano, Texas, with assignments in
exploration management, global exploration evaluation, upstream financial and
strategic planning and economic analysis. His last position with ARCO was
Manager, China Asset Development Team.
Chris Moore joined Moyes & Co in 2000 after BP acquired ARCO.
Chris Moore read Natural Sciences at Cambridge University. He received his BA
(Hons) in 1975 and MA (Cantab) in 1979. Chris is a Fellow of the Geological
Society of London and a member of the Association of Intenational Petroleum
Negotiators ("AIPN"), Society of Petroleum Engineers ("SPE") and American
Association of Petroleum Geologists ("AAPG").
Chris Moore has held directorships in the following companies and / or
partnerships in the past five years:
Current Directorships / Partnerships Former Directorships / Partnerships
British American Natural Gas Corporation None.
Moyes & Co has provided technical and commercial advice to Black Rock in
relation to oil exploration and development opportunities and is expected to
continue to do so on the basis of its existing normal commercial arms length
terms.
There are no further details in relation to the above appointment which require
disclosure under paragraph (g) (iii) to (viii) of Schedule 2 to the AIM Rules.
Chris Moore has no current interest in Black Rock's ordinary share capital.
Rutherford
- 04 Jul 2007 21:50
- 983 of 1049
You may all be right getting out but I am in for the longterm just as I was with CPNR and if BLR do half as well I will be happy!
This next month or two is the make or break time for BLR but my hunch is it will be a good few months for BLR as they are producing from Arce and Acacia is being drilled and Monterey could well still be viable according to Wintershall. Not bad for a company valued at 6 million!
explosive
- 09 Jul 2007 21:06
- 984 of 1049
Not a bad price on heavy at the moment either.
moneyman
- 10 Jul 2007 10:52
- 985 of 1049
Just a shame they ain't got any ......YET
Falcothou
- 18 Jul 2007 07:51
- 986 of 1049
Is this better or worse than expectations, considering a flutter ?
Black Rock Oil & Gas Plc
Acacia Este Oil Discovery
On 3 July 2007 Black Rock Oil & Gas Plc ('Black Rock' or the 'Company', stock
code: BLR), the AIM-traded oil and gas exploration and production company,
announced that the Acacia Este exploration well in the Las Quinchas Association
Contract in Colombia had been spudded by its joint venture operator, Kappa
Resources Colombia Limited ('Kappa') on Saturday, 30 June 2007 and that drilling
operations were underway.
Acacia Este was drilled to a total depth of 3,970 feet. Fair to good oil shows
were encountered whist drilling the target Lower Mugrosa Formation.
The Board of Black Rock is delighted to announce that preliminary interpretation
of the logs run at total depth indicates oil saturation in good quality porous
sandstones.
These initial results are very encouraging and preparation for testing of the
well has now commenced in order to assess the well's potential productivity.
Results of the testing should be known in approximately 10-20 days time.
Dr John Cubitt, Managing Director of Black Rock Oil & Gas Plc, commented:
'The results of the drilling to date are very encouraging and if the testing
results are positive, Acacia Este could be a highly significant discovery for
Black Rock.'
Qualified Person
Dr John Cubitt (a Director of the Company) has been involved in the oil and gas
production industry for more than 26 years. Dr John Cubitt is a registered
Chartered Geologist (CGeol) and has a BSc and PhD in geology. He has compiled,
read and approved the technical disclosure as it relates to Black Rock in this
regulatory announcement.
For further information, please contact:
Black Rock Oil & Gas Plc Tel: 01189 001350
Dr John Cubitt, Managing Director
www.blackrockoil.com
Peter Kitson, Finance Director
Beaumont Cornish Limited Tel: 0207 628 3396
Michael Cornish
Aquila Financial Limited Tel: 020 7202 2600
Peter Reilly
Notes to Editors:
Black Rock Oil & Gas Plc, headquartered in the UK, is an AIM listed (AIM:BLR)
exploration and production company with licences in the Southern Gas Basin of
the UK North Sea and the Middle Magdalena Basin, onshore Colombia.
Colombia:
Black Rock has Joint Ventures with Kappa Resources Colombia Limited (Kappa) in
the Las Quinchas Association Contract and the Alhucema E&P Contract, both
situated in the prolific hydrocarbon basin of the Middle Magdalena Valley.
Operated by Kappa, and following completion of its farm-in obligations, Black
Rock's 50% interest in the Las Quinchas Association Contract is subject only to
approval of the transfer of the interest by the state oil company, Ecopetrol.
The Las Quinchas Block contains the Arce, Bukhara and Baul heavy oilfields and a
number of exploration prospects including the Acacia Este oil discovery. The
Arce oilfield contains heavy oil and is currently undergoing a steam injection
test to determine commerciality and development options.
The Alhucema Block, immediately to the North of the Las Quinchas Block contains
a number of prospects and leads and one well is planned on the Juanes prospect
later in 2007. A 2D seismic programme was undertaken in 2006.
United Kingdom:
Black Rock has a 15% interest in two adjacent license blocks (49/8c and 49/9d)
situated in the Southern Gas Basin of the North Sea.
Block 49/8c contains the Monterey Gas discovery and the Stinson prospect.
www.blackrockoil.com
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
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Falcothou
- 18 Jul 2007 08:29
- 987 of 1049
Well, bought at open for 37 sold after 15 mins for 43, so not going to get stung by the o+g bee. How do you go about trading in the auction anyone as that seems the best way to trade morning announcements?
Falcothou
- 18 Jul 2007 09:07
- 989 of 1049
hello driver thought I was talking to myself for a while.
austing2253
- 18 Jul 2007 10:14
- 990 of 1049
Where have all the doubting thomas' gone........?
explosive
- 18 Jul 2007 15:07
- 991 of 1049
Not gone, I just think that most of us don't check this stock on a daily basis, I know I don't. Just noticed the rather sharp rise and RNS. Looks good to me and will continue to hold no matter what the outcome.