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

Trader11,

You could never have bought at 0.65p recently, the best you could have got for any decent amount was 0.75p. Why on earth would the mid go back there when we have resolved the issues with Kappa and could have further updates on Monterey and the rest of the Colombian activities soon. We are going to be drilling Acacia apparently in January or February and that's a 100mmbbls prospect (50% wi net to BLR at present). Somehow I think you are being very hopeful and unreaslistic about where the price of BLR is going to go. 650k isn't exactly much money £5k, that will hardly cause a collapse in the share price.

Regards,
Ed.