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Black Rock Oil purchase (BLR)     

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

Chart.aspx?Provider=EODIntra&Code=BLR&Si

mcmahons - 25 Oct 2006 16:02 - 741 of 1049

bloody hope so

silvermede - 25 Oct 2006 16:03 - 742 of 1049

I have only met Dr John Cubitt once but he seemed to have a good handle on the business and had a clear strategy in his own mind where the company was going.

This change at the top had been a topic of discussion on this BB.

Rutherford - 25 Oct 2006 17:04 - 743 of 1049

Believe BLR is about Monterey and Columbia and not about Ivan Burgess but he did do a good job in salvaging BLR and getting funding for Monterey. Both these projects are still there so my investment is not effected as such. If the market had not liked that news they would have marked down BLR immediately it was released.
IMHO.

skyhigh - 25 Oct 2006 18:08 - 744 of 1049

Be interesting to see which way the sp goes now....logical reason for him going would be there's bad news due and he has fallen on his own sword or he was pushed..if things were going according to plan then there would be no reason for him to go as no scapegoat needed... must be something else going on !

Rutherford - 25 Oct 2006 18:42 - 745 of 1049

According to other bulletin board there is nothing untoward going on. Big share holder who had spoken to Ivan at the weekend has sold none of his shares. They hold over 3%.

soul traders - 25 Oct 2006 20:22 - 746 of 1049

Wowsers! bye-bye Ivan! A big hand to him for getting things on track in Colombia and the North Sea; hopefully things will get even better under the new man at the helm.

smiler o - 25 Oct 2006 20:27 - 747 of 1049

soul T yes lets hope so :)

soul traders - 25 Oct 2006 20:29 - 748 of 1049

Well, I was just thinking that at present my investment in BLR is cruising at about 35% below what I paid for it (which unfortunately means the SP will have to rise by 50% to get me back in the clear!).

However, if I had any spare cash to spend on oilers, this would be one place I'd be inclined to put it.

smiler o - 25 Oct 2006 20:33 - 749 of 1049

well I still have a lot with AEN and Oxs so i would split what LITTLE cash i got with BLR and GTL i think ??

Rutherford - 25 Oct 2006 23:09 - 750 of 1049

soul traders: I am going to wait for a couple of days to see how things settle after the announcement and then top up. No advice intended.

soul traders - 26 Oct 2006 22:53 - 751 of 1049

Ruthers, I am sure you're doing the right thing.

laurie squash - 27 Oct 2006 17:13 - 752 of 1049

A new finance director already - I wonder if this was already in the pipeline prior to recent changes?

skyhigh - 27 Oct 2006 17:35 - 753 of 1049

probably!

Rutherford - 27 Oct 2006 17:37 - 754 of 1049

Seems he has been in the position for some time! Dont know why they did not make it public knowledge!

laurie squash - 30 Oct 2006 16:50 - 755 of 1049

Up a small tic today.

explosive - 30 Oct 2006 20:48 - 756 of 1049

Ruth I see you got the graphs added, a very well done. Also topped up on this one!! The falling trend can't last for ever and positive news has't to be round the corner.

robertalexander - 01 Nov 2006 14:25 - 757 of 1049

explosive,
i guess you spoke too soon!! wish it would go up as i bought in @1.65p and still waiting for a profit.
Alex

skyhigh - 01 Nov 2006 14:35 - 758 of 1049

Groan ! bid dropped back to .09p what's the point ?

so ... here we go again will it go back to 1p again or stay as it is or go down further ?

laurie squash - 01 Nov 2006 14:36 - 759 of 1049

sp down to 0.70 at one point I think a mm had to much to drink at lunch!

skyhigh - 01 Nov 2006 15:03 - 760 of 1049

Yes, it's grim, didn't realise the offer price was down as well ! gets worse don't it ! ... never mind the mms lunchtime drink...could do with a drink myself now
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