BLACK ROCK OIL: CHARTS, RESEARCH AND DISCUSSION (moderated)

Do not try and defend the indefensible. BLR does not own 50% of Las Quinchas until they pay for it. A recent announcement from Ecopetrol said they wanted more international investment in Colombian gas and oilfields so I don't see the eventual ownership as per the JOA as a problem.

The live issue here is that one of the fundamental reasons why BLR have gone absolutely nowhere over the last 10 years is because of the constant lies and deceptions told by the previous management teams.

The fact that Kitson and Cuppit have openly declared where BLR stands with Kappa (much to their own embarassment) is a credit to their integrity and professionalism. For the first time in this company's history the city and private investors are now in a position to take as fact statements issued by BLR.

Where the shareprice stands before the commercial production of oil and gas is totally irrelevant. It is only when oil and gas comes on tap will BLR find its true value. This is only a matter of months away.

If BLR pays the $1.5 million as agreed it is because it knows it will receive a return on this investment many times over and not because it is legally obliged to.

Sit tight.