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pwgard
Member
Member

Joined: 25-Feb-05
Location: United Kingdom
Posts: 1

Posted: 16-Mar-05 at 14:22 \| IP Logged

Does anyone have any information re Black Rock Oil are they worth buying

Ravima
Member
Member

Joined: 26-Mar-05
Posts: 1

Posted: 26-Mar-05 at 21:55 \| IP Logged

I once got advice from a broker friend. Only a fool buys shares, hoping to sell to a bigger fool at a profit. The biggest fool is him who buys at the highest price.

Are they worth buying? Its like looking for tomorrows racing results, today.

cybertrader
Platinum Contributor

Joined: 18-Dec-04
Location: United Kingdom
Posts: 586

Posted: 21-Jul-05 at 10:35 \| IP Logged

Black Rock were up after they stated that they had started drilling at it's Arce 3 appraisal well. Gross recoverable reserves at the well are currently estimated at around 5 million barrels of oil. Arce will be drilled to a depth of around 3,000 feet, which the company expects to take 10 days. If drilling proves successful, a workover rig will be mobilised to test the well. Following analysis of the initial testing results, the company said a decision on a possible steam flood programme to enhance flow rates would be made. Black Rock retains a 50% interest in the project. The shares added

tracer2k
Contributing Member

Joined: 14-Jul-05
Location: United States
Posts: 35

Posted: 21-Jul-05 at 18:56 \| IP Logged

Are they listed on the AIM, Canada exchange, other...? And if so what is symbol. Thanks.

tracer2k
Contributing Member

Joined: 14-Jul-05
Location: United States
Posts: 35

Posted: 21-Jul-05 at 19:09 \| IP Logged

With very little effort I found them on AIM, under symbol BLR. Quote = 1.60 pence, I assume. In $US would this equal $.28 +/-?? Thanks.

someuwin2
Contributing Member

Joined: 24-Nov-05
Posts: 17

Posted: 04-Jul-06 at 21:52 \| IP Logged

10 days from the issue of this RNS takes us up to thursday 6th July. So results of well testing will be known very soon. Well worth taking a look at BLR (SP 1.45p Mkt Cap Ł8.4M)...

26 June 2006

For immediate release ;

Black Rock Oil & Gas PLC

("Black Rock" or the "Company")

Drilling completed at Arce Oil Field in Colombia

Testing about to commence

Black Rock Oil & Gas PLC is pleased to announce that drilling of Arce 4 has now
been drilled to its total depth of 3,073 feet and this appraisal well is being
prepared for testing. Hydrocarbon shows have been observed in the well over a
300 foot interval at the base of the well with significant levels recorded in
one 50 foot zone.

While these results provide a preliminary update on progress and no comment can
be made on the hydrocarbon column until the well has been tested, information
obtained so far is consistent with expectations. Results of the testing should
be known in approximately 10 days time. It is expected that the Steam plant will
be on location at about the time initial testing of the Arce well has been
completed

Edited by someuwin2 on 04-Jul-06 at 21:52

TipTopTrader
Silver Contributor

Joined: 11-Jan-06
Posts: 266

Posted: 21-Aug-06 at 21:19 \| IP Logged

Made the Stockmarket Report tonight

Black Rock Oil shares jumped 0.1p to 1.2p after the company said that it had agreed with investment fund Gemini Oil & Gas Fund II that it would fund Black Rock's 15% share of the drilling and testing of the forthcoming 49/8c-4 Monterey appraisal well, in the Southern Gas Basin of the UK North Sea. The company said that Monterey Gas Field was estimated to contain 165 billion cubic feet of reserves. The well will appraise the commerciality of the field.

TipTopTrader
Silver Contributor

Joined: 11-Jan-06
Posts: 266

Posted: 24-Aug-06 at 21:49 \| IP Logged

BUY rec in Shares Mag today.

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