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

DOES ANYONE HAVE AN OPINION ON WHY THE SPREAD ON BLR IS SO WIDE ie ONLY OFFERING 1.20 TO SELL BUT TO BUY IS 1.58-1.70

IT HAS NOW DROPPED 1.40 WHY?????

IS NOW UP SLIGHTLY MAD!!!!!!!

Weird just done dummy trade being offered 1.50 to sell & 1.50 to buy how does that work???

Different MMs have different prices, your broker would have got you the best price in each scenario.

I can buy upto 2.5 Million share @ 1.43 should i be reading into to anything?

Marcel, with the greatest of respect, I think that what you really should be reading is the background information relating to this company, of which a lot, including some excellent comment and opinion, was posted on this thread between the beginning of March up to around early June. There is also a lot of useful info on the company's own website. Links have been posted in the aforementioned material on this thread.

I apologise if I am guilty of misunderstanding the nature of your posts, but the amount of nervousness you're showing makes me wonder whether you bet your house on this stock based on a tip given you by some shifty-looking character you bumped into at the local greyhound track.

Those of us who have done our homework aren't panicking about people's share dealings; we're concentrating on the fact that this company is in the business of producing oil and gas which is likely to be worth a lot of money in the very near future. And if we turn out to be wrong, well, that's a risk we've decided to accept.

I apologise for being blunt, but your posts are becoming almost painful to read and I'd really like to help you to understand for yourself why some of us consider this co to be a good, albeit still risky, investment.

Rutherford, it may help people like Marcel if the header to this thread was improved to include Resource estimates, conservative valuations, timetable of likely work, Block licenses etc or just a link to the BLR website. Only a thought! :-)

Great buying opportunity - 1.3p now.

risky though ! what if the news disappoints and the sp goes down to 1p ?

Then you'll have got into a situation the economists like to call Getting Your Ar*e Burnt.

only if you stick you head in the sand in the hot sunshine without wearing knix!

Cynic, don't laugh - it happens more frequently than you might think :o)

Skyhigh - forgive my unruly sense of humour. If both Arce and Monterey turn out to be non-commercial then it might be worth reviewing your reasons for holding. I'd like to be more specific but don't have the time currently to explore the implications. WIll try and catch up on it sometime soon.

Could do with some good news now, lets be positive and look forward to a mmm gush!

LONDON (AFX) - Black Rock Oil & Gas PLC said it has placed 110 mln new shares at a price of 1.1p per share to raise 1.2 mln stg of additional working capital for appraisal activities.
The company has also issued 2.5 mln new shares at the same price in respect of fees due for technical consultancy services.

Following admission to trading on AIM of the new shares, Black Rock will have a total issued share capital of 690 mln shares.newsdesk@afxnews.comtcCOPYRIGHTCopyright AFX News Limited 2005. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited

Looks like another dip in the sp is coming..

I take that as good news as plenty wells being drilled between now and New Year and needed funding for monterey and other Arce wells+ Baul to be drilled. Monterey in North Sea starts around beginning of August and rig already booked for it.
Now funding out of the road for the short term we need RNS with Arce 4 results which are hopefully positive.
I will try to alter heading to include more info when time permits.

Rutherford, I agree to get the funding out the way is always good news. I think we'll see an initial dip in the sp however it leaves the rest of the year for more positive news and RNS's. Fingers crossed stability is found at the 1p mark in the next few days, having said that it wouldn't surprise me to see an RNS before Wednesday next week giving us a revised drilling timetable.

I am going to put new header with revised drilling for the year at top. This was discussed at oilbarrel presentation on Thursday 6th July 06.
Monday should see an RNS for Arce 4 testing or for sure next week.

Unfortunately it is going to be a bad news.Its is only my view and guessed it from this money raising tactic.If the new is going to be good,Do you think anyone in the right mind will try to raise money before the news is out--If the news is going to be good then the share price will go up and would be much easier to raise money without further dilution to existing issue.Therefore,what I think the news is going to be not so good and they don't want to loose the chance to raise money for furure plans.Be brave only the god knows the our futures will be---I am very tensed now-----------

Sorry to add my support that bad news is likely ...... take as an example VOG's latest report .... that canme out almost the last knockings of the timescale given ..... bad figures always take longer to add up than good.