Grant of License

RNS Number:6756R
Black Rock Oil & Gas PLC
19 February 2002



Black Rock Oil and Gas plc ("Black Rock") is pleased to announce that it has
been successful in its application for a licence in the 10th Landward Round in
the United Kingdom.  With its partners, Magellan Petroleum (NT) Pty Ltd,
Northern Petroleum (GB) Ltd and Italmin Exploration SRL, Black Rock Resources
(UK) Ltd (a wholly owned subsidiary of Black Rock) has been granted PEDL 113 on
the Isle of Wight.  The new licence is to the north-east of the present licence
PEDL 098, held by the same group of companies and which was obtained in the 9th
Landward Round.  The application was lodged to secure the extension of potential
leads identified by the group from the adjacent licence PEDL 098.  The PEDL 113
licence has been granted on the basis that after four years the group will
commit to drill an exploration well in the remaining 2 years of the licence or,
alternatively, the group will drop the licence at the end of Year 4 without
drilling a well.





                      This information is provided by RNS
            The company news service from the London Stock Exchange