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

GD.

C.I.M Standard.

1. New Guidance for Oil & Gas and Resource AIM Companies

The London Stock Exchange ("the LSE") has recently issued guidance for those oil & gas and other natural resource companies either seeking to join AIM or which are already on AIM.

The guidance is effective immediately and applies to exploration, development and production companies but not to pure investment companies or service companies operating in the sector. The guidance has been issued following extensive consultation within the industry and the investment community and codifies what the LSE believes to be best practice.

Oil & Gas applicants to AIM must now include an independently produced competent person's report ("CPR") in their admission document produced by an engineer with relevant and appropriate qualifications, experience and technical knowledge to appraise the assets and liabilities being reported upon.

The guidelines stipulate the form and contents of the CPR including a requirement that resources and reserves be prepared to the standards of either the Society of Petroleum Engineers ("SPE") or the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM").

PS.

GD. Yes a very peaceful Christmas.