Search Site

Share Price Search

Site Sponsors
Hanson Westhouse - integrated corporate finance and broking house

Advertise your services

Symantec - Information Risk Management

ServicePower Technologies - Outsourcing Solutions and Software

JacksonBone - Design, editorial and project management services

College Hill - Business Communications - Financial PR


Black Rock raises £2 million for further drilling in Colombia

Tuesday, September 25, 2007

Black Rock Oil & Gas plc has raised £2.1 million in a placing of new ordinary shares at 18p per share to provide working capital and for the drilling of two wells in Colombia.

Black Rock expects to drill an appraisal well on the Acacia Este discovery in Colombia, announced earlier in July this year and an exploration well on the Juanes prospect on the Alhucema E&P contract area, also in Colombia.

Dr. John Cubitt, Black Rock Oil & Gas' Managing Director, said:

"The Acacia Este discovery was a highly significant event for the Company and this placing will allow us to appraise the discovery with a further well and drill the Juanes exploration well on the Alhucema E&P contract area. Subject to rig availability we hope to see Acacia Este No 2 well drilled in 4Q 2007 and Juanes spudded as soon as possible thereafter."

Tony Baldry, Non Executive Chairman, Dr. John Cubitt, Managing Director and Peter Kitson, Finance Director are participating in the placing by subscribing for 313,333 new ordinary shares each.







Features

» Hunting for oil: GETECH Group plc

Friday, November 14, 2008

» Mobile marketing: HipCricket Inc
Friday, November 07, 2008

» Market maker: GoIndustry-Dovebid plc
Friday, October 31, 2008

» Breathe easy: Verona Pharma plc
Friday, October 24, 2008

» Well connected: Nexus Management plc
Friday, October 17, 2008

» Fine form: Formjet plc
Friday, October 10, 2008

» Interview with Jim Hannon, Hannon Westwood
Friday, October 03, 2008

» Interview with Tim Feather, Hanson Westhouse
Thursday, September 25, 2008

» Interview with Mark Fahy, London Stock Exchange
Tuesday, September 16, 2008

» Healthy return: Source BioScience plc
Friday, September 12, 2008

» Business broker: St Helen’s Capital plc
Friday, September 05, 2008

» Shaw thing: NetDimensions Holdings Ltd
Friday, August 29, 2008

» Complete package: Dowgate Capital plc
Friday, August 22, 2008

» American dream: Caza Oil & Gas, Inc.
Friday, August 15, 2008

» IT Security: Symantec Corp. Survey Results
Friday, August 08, 2008

» Media guru: Thomson Intermedia plc
Friday, August 01, 2008

» See all Features

Profiles

» Short term AIMs for software and IT companies and their route through recession

Wednesday, November 19, 2008

» An introduction to Bango
Monday, November 10, 2008

» Delivering security when budgets are tight
Thursday, November 06, 2008

» So what are you going to do in 2009?
Monday, November 03, 2008

» Well connected: Nexus Management plc
Sunday, November 02, 2008

» Fine form: Formjet plc
Sunday, November 02, 2008

» Shaw thing: NetDimensions Holdings Ltd
Sunday, November 02, 2008

» Back on track: SciSys plc
Sunday, November 02, 2008

» An introduction to SERVICEPower
Friday, October 31, 2008

» Desktops in a virtual world
Friday, October 31, 2008

» PR strategies for technology companies
Friday, October 31, 2008

» AIM - the opportunities for IT and software companies
Friday, October 31, 2008

» The challenge for companies in the IT industry
Thursday, October 30, 2008


Site Sponsors
Bango - provides a mobile web presence

SJ Berwin LLP - a pan-European Law Firm

ICIS - Business Communications

Profile your company

Intellect - Representing the UK Technology Industry

© SmallCapNews   |   Contact Us   |   Terms of Use   |   RSS Feeds Site by LunarSafari