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BLR. I've bought some today at 1.15p. My first purchase in BLR was at around 2p so I've topped up to try and dilute my loss. As soon as they confirm that they are producing oil from the disused mine... I'm selling!
BLR. I have to agree with gluefactory on this one. I wouldn't buy into this at the minute unless I knew something concrete. I was in when the price was lower, definitely wouldn't be buying at this price! I expect that we'll end up around 5%-10% up at the end of today after everyone sells after lunch. Any thoughts?
BLR. I have copied this paragraph from the RNS 7th June. "The Baul well was previously on commercial production but shut-in in 1961 due to the then prevailing low oil price. If the well is in good condition, it will be tested with a view to potentially declaring commerciality during 2006." I hope that the well is in good condition, as long as it is, we should see production from this well in 2006. I bought at 2p then at 1.3p, I'm going to hold until production starts, these should rise nicely. Any thoughts?
RNS from 7th June Drilling commenced at Arce Oil Field in Colombia The Board of Black Rock Oil is pleased to announce that the drilling of the Acre 4 development well has commenced by its joint venture partner, Kappa Resources Colombia Limited ('Kappa'). The rig arrived on site last week and the Arce 4 well has now been spudded. Arce 4 is expected to take 15-20 days to drill, test and complete. Subsequently the drill rig will be moved to Arce 2 where the gravel pack will be replaced. In addition, the Company confirms that the steam generator is expected on site at the Arce field by early July and that preparation is being made for the steam testing programme to commence. Steam injection and production is a proven technique used in Colombia to increase oil flow by lowering the oil viscosity and is being use for production in adjacent fields. As set out in the Company's Annual Report and Accounts for the year ended 30 June 2005, the Arce field has estimated recoverable reserves in excess of 5 million barrels of which the Company has a 50% equity. Testing is also scheduled on the Baul field within the licence area in the coming months. The Baul well was previously on commercial production but shut-in in 1961 due to the then prevailing low oil price. If the well is in good condition, it will be tested with a view to potentially declaring commerciality during 2006.
ERX. I remember why I have stopped posting on here because people seem to get angry very quickly when things don't go well! Should you wish to read my comment again maybe you could tell me where I hold you personally responsible? We are all here for one reason, to make money, can we try and do this nicely?
ERX. KEVKJ... You are asking Marshgad where he got his information from... Just wondering why you said "its definitely a buy the 52 million" at 14.41. If we are unsure whether it is a buy or a sell, maybe we should state fact rather than opinions.
ERX. I've just bought a small amount as I was intrigued as a sell came up as a buy or vice versa... I bought and mine has shown up as a buy... Your thoughts please!
ACC. Can anyone else confirm the dates below? Is there any difference between a prelim announcement and a prelim statement? Next prelim announcement 08 - Mar - 2006 Next AGM 14 - Jun - 2006 Next interim announcement 06 - Jul - 2006
BLR. Please find the attached information relating to Black Rock Oil & Gas that was released from Oil Barrel today. Black Rock Provides Update On Near Term Production Opportunities In Colombia Investors have been waiting for some months for an update from Black Rock Oil & Gas on its operations in Colombia. There had been something of a hiatus in newsflow just as the AIM-quoted company seemed to be really motoring in the South American country, having drilled two appraisal wells on the Arce heavy oilfield and talked of near-term production opportunities in 2006. Now it seems the company, which in December exited its Australian business in order to focus on its operations in Colombia and the North Sea, has reached agreement with its 50/50 joint venture partner Kappa Resources to complete the Arce-2 well ahead of a steam flood production test. While the project is never going to be a company-maker, it does hold the promise for maiden production later this year. Black Rock took 50 per cent of the Arce oilfield, which lies in the Las Quinchas Block in Colombia's Middle Magdalena Basin, in April 2005. There followed a series of appraisal wells: Arce-3 came in pretty much in line with expectations, flowing between 25 and 36 barrels per day of sticky 13.5 degree API oil, while Arce-2 flowed at rates of between 10 and 60 bpd. The partners plan to steam flood the field, a process which should make the heavy oil more mobile and so increase flow rates. Steam flo
ACC. Maybe I'm confused, the 8th March is the date which ACC have given when they will be announcing their preliminary results. I don't know why the 24th was shown on NatWest, maybe the company had to announce dates then decided to change the date? No idea!!
ACC. Access Intelligence will be announcing preliminary results for the year ended 30 November 2005 on Wednesday, 8 March 2006. On this day the Group will be holding an analysts' meeting, the details of which are as follows: Date: Wednesday, 8 March 2006 Time: 12.15 pm for 12.30 pm Venue: Corporate Synergy, 30 Old Broad Street, London, EC2N 1HT The information in my last post was from my NatWest Stockbrokers website. I have just searched company announcements to find this date out. Hope it helps.
ULT. I've topped up for the second time today, wasn't planning on seeing the price where it is however I agree with you all that this should be a good medium to long term share. Some people have taken their profit and ran, others maybe in it waiting until the news on BTB is popular in the states. When, not if, BTB is in the states as well as the UK we should be looking at a very good share. What are your thoughts?
ULT. As a share holder, I feel that I am in a strong position to ask for a Beating The Blues licence... I would have been happier had people not decided to sell!!
ULT. ihavenoclue = I'd like to see these at 4.5p however I don't think we'll see it for a month or two. It was an RNS that we were expecting, as you say it has probably been factored in, just look at all the buys in the last few weeks. I've just topped up at 3.57, 4p would be enough. I was tempted to sell at 3.8p and cash in on the profit however I'm thinking that it'll be worth keeping! What are your thoughts?
ULT. If people keep taking profit and selling before the RNS is released I'll buy in again if the sp is at 3.3p. I'm hoping that the RNS is released today as I can't keep refreshing my price every two minutes!!
ULT. http://www.nice.org.uk/pdf/2006_007_NICE_issues_guidance_on_CCBT.pdf
ULT. sharexpert found the information on the NICE website this morning, I've still not seen an RNS from the company though?!
BS. Any thoughts? Company isn't trading however is still on AIM... GedW, August 2005 you had these as a buy, any thoughts now?
Whilst Base Group are still on the AIM they are not trading. Why do people keep buying a company that has no assets? Your thoughts anyone please!
BLR. There seems to be a good few buys (as well as the 15 million!) going through despite the price falling 12.5% this morning!! Does anyone else have an opinion on this company or am I playing on my own?