herm - blr have to relinquish some or all of their Irish licences or farm out.
"As identified in the 2005 Annual Report, longer term projects that do not meet
expectations will be pruned rather than consume vital funds and management time.
As such, Black Rock Oil & Gas PLC did not renew the expiring option in Ireland
during the financial year, and will not renew the three remaining Irish options
due to expire in October 2006. Final reports are in the process of being
generated for submission to the Irish Authorities."
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