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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

Look at the volume. Miniscule. MMs just creating some volatility to liven things up. I am a buyer at this level.

Get's worse by the minute doesn't it ?
I would've thought that if things were looking promising that there would be air of optimism with the expectation that sp would be worth alot more after positive announcements than it is now...

It's not stacking up... looks a bit dodgy to me

DR JOHN MALCOLM CUBITT
...
Dr John Cubitt has 25 years' commercial experience in the exploration and production industry, following a period in academic research and graduate/post-graduate education. This has included asset evaluation and project management, as well as Board level strategic and operational direction.

He is currently Managing Director of ES Information & Consultancy Ltd that specialises in petroleum exploration and production consultancy, project management and asset promotion for a range of clients, including major independent oil companies.

If anything although surprised by the recent director movement I'm still confident.

so far the director movement has had a negative impact on the sp....nobady was impressed much !

Come on sky just MM games to stimulate some life.

Is this just a bounce.

MM must have had a champagne breakfast, the trades show no reason for the sp drop, even the sell was 0.85p

Look few pints at lunch and he's level again!

Now this is a bit more like it:

BLR Bid: 1p Offer: 1.3p Change: 0.225

2.5 mil volume.

13th is rough date for Monteray finish and 4th Dec finish the well so hopefully some continued upturn from here.
However with MM some downturn along the way.

So a good few weeks ahead - we hope!! Thanks for the info Laurie.

I'm not scared of the MM's. Would have been tempted to have some more at around the 1p mark, but am already overweight this stock.

I have large stake in GOO so will up stake further from profits.
Also waiting for ERX so will buy further BLR when funds available.

MM at it already 0.90 on large sell at 1.11p

Up again today. Looking quite positive that this could really breakout from it's recent range.

Almost sure to breakout as results of Monterey well get closer. Still awaiting results of production from ARCE but I think they will not release them till Monterey results come through. Gas was found at Monterey in 1989 by Arco so gas should be found but question is whather it is commercial or not. An exciting couple of weeks ahead for BLR.

Very tempting to buy more, the Oct '05 WH Ireland report had a target price of 3p. ARCE 2-4 Steam Testing was pushed back to Dec when we can expect results.

WH Ireland had a price target of 13p if I remember correctly. I believe they are steam testing now but it will take six months before it is 100% efficient but they are producing at the moment I believe.

I have just checked the WH Ireland report - the price target was 3p, but at that point in time there were 367 million shares in issue. There are now at least 705,955,522.

Means price target about 1.55p?

This will go in the right direction, of that I have no doubt, but may require patience.

IMO/DYOR.

I have also just checked the WH Ireland broker report on BLR website and on page 8 they say that 13p would be a fair value although I will admit they have had a bit of dillution since then.

According to poster on iii. He received a newsletter on Tuesday saying the rig was at TD on Monterey. Should be news very soon.

Ruthers,

Good news re post 779 (well, it is if they find commercial gas!!)

Post 778: call it 6.5p target, then? That's still more than a 4-bagger for me (and I pointed out months ago that I was budgeting for dilution anyway, so am not at all fazed by this). Note though that WHI is the house broker and that the estimates were made in more optimistic times. Not that that puts me off, but some of the ecstasy has gone out of the oilers, to say the least. Will double-check the WHI report when I get a mo.