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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:5148E Black Rock Oil & Gas PLC 26 September 2007 For immediate release 26 September 2007 Black Rock Oil & Gas Plc ("Black Rock" or "the Company") Placing - Update Further to the announcement made on 25 September 2007 regarding the conditional placing (the "Placing"), Black Rock announces that the Directors have agreed to subscribe for cash the following amounts pursuant to the Placing: Current holding New Ordinary Holding of Ordinary Percentage of of Ordinary Shares Shares following enlarged share Shares subscribed for Placing capital Tony Baldry 20,000 52,222 72,222 0.22 Dr. John Cubitt 35,261 208,888 244,149 0.76 Peter Kitson 30,570 183,333 213,903 0.67 The Company will not proceed with the proposed bonus payments to the Directors as detailed in the announcement dated 25 September 2007. Accordingly, after taking account of the Directors' subscriptions detailed above, the Placing will now comprise 11,129,167 new ordinary shares of 1p each ("Ordinary Shares") at a price of 18p per Ordinary Share (the "Issue Price") to raise #2,003,250. The Company intends to use the proceeds of the Placing to provide additional working capital and in particular, 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. The 11,129,167 new Ordinary Shares to be issued pursuant to the Placing will on issue rank pari passu with the existing Ordinary Shares in issue and application will be made for the new Ordinary Shares to be admitted to trading on AIM, following which Black Rock will have a total issued share capital of 32,160,004 Ordinary Shares. Trading in the new Ordinary Shares on AIM is expected to commence on 28 September 2007. For further information, please contact: -------------------- -------------- Black Rock Oil & Gas Plc Tel: 01189 001350 Dr John Cubitt, Managing Director www.blackrockoil.com Peter Kitson, Finance Director Beaumont Cornish Limited Tel: 020 7628 3396 Michael Cornish Aquila Financial Limited Tel: 020 7202 2600 Peter Reilly Hanson Westhouse Limited Tel: 020 7601 6100 Tim Feather / Matthew Johnson -------------------------------- ENDS This information is provided by RNS The company news service from the London Stock Exchange END RDSLFMMTMMTTBFR
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