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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Black Rock Oil | LSE:BLR | London | Ordinary Share | GB00B1YW2916 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.125 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7823X Black Rock Oil & Gas PLC 26 June 2002 FARM-OUT OF WA 226P BY ORIGIN ENERGY Black Rock Oil & Gas PLC, ("Black Rock") advises that Origin Energy, a fellow participant in the licence WA 226P in the Offshore Perth Basin, Western Australia with Black Rock made the following announcement to the Australian Stock Exchange today. Origin Energy has reached agreement with Apache Energy Limited for a subsidiary of Apache to earn an undivided 28.75% interest in WA 226P from Origin Energy. Under the terms of the farm-in, Apache will manage the drilling of the Morangie 1 well, scheduled in October 2002, as agent on behalf of Origin. Origin Energy will remain operator of the permit. WA 226P is located in the northern offshore Perth Basin, approximately 230km north west of Geraldton, Western Australia. The Morangie 1 well will test an undrilled prospect interpreted to have the potential to contain up to 250 million barrels of oil in place. Permian sandstones below the Triassic regional seal provide the main reservoir objective. Several follow up structures are also present in WA 226P. These will be evaluated following the drilling of Morangie. Participants in WA 226P following the farm-in and necessary government approvals will be as follows: Origin Energy Developments Pty Limited* 28.8% (Operator) Apache Northwest Pty Ltd*** 28.8% Dana Petroleum (E&P) Limited** 12.8% Dana Petroleum (WA) LLC** 12.7% Black Rock Petroleum NL**** 7.5% Voyager Energy Limited 5.0% Planet Resources Limited** 4.5% * a wholly owned subsidiary of Origin Energy Limited ** wholly owned subsidiaries of Dana Petroleum plc *** a wholly owned subsidiary of Apache Energy Limited which is a subsidiary of Apache Corporation, an independent oil and gas production company listed on Nasdaq **** a wholly owned subsidiary of Black Rock Oil & Gas PLC For further information contact: David Steinepreis, Chairman, Perth, Western Australia Phone: 61 8 9481 2407 Email: dsteinepreis@abanet.com.au John Scott, Managing Director, Perth, Western Australia Phone: 61 8 9226 3575 Email: blkrock@highway1.com.au Julian Riddick, Director, London Phone: 020 7629 7237 Email: julian@jgr.demon.co.uk This information is provided by RNS The company news service from the London Stock Exchange
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