Placing

RNS Number:5748B
Black Rock Oil & Gas PLC
18 April 2006


For immediate release 18 April 2006


                            Black Rock Oil & Gas PLC

                        ("Black Rock" or the "Company")


                          Placing to raise #1,312,614


Black Rock (stock code: BLR), the UK-based exploration company, announces that
it has placed with institutional and other investors 131,261,415 new ordinary
shares of 0.5p each ("Ordinary Shares") at a placing price of 1p per Ordinary
Share (the "Placing"). The new money being raised of #1,312,614 (before
expenses) will be used to fund the Company's operations in Colombia. The
Directors have also participated in the Placing at the Placing Price as set out
below, together with their resultant shareholdings in the Company:

Director             Ordinary Shares        Resultant       Interest in
                      subscribed for     shareholding       the Company
                      in the Placing
Tony Baldry                1,000,000        1,000,000     0.18 per cent.
Interests associated       1,000,000       19,484,243     3.48 per cent.
with Ivan Burgess*                                           
John Cubitt                1,000,000        1,000,000     0.18 per cent.
Peter Hughes                 500,000          500,000     0.09 per cent.

* Comprises 544,171 Ordinary Shares subscribed for by Ivan Burgess' pension fund
and a further 455,829 Ordinary Shares subscribed for by Mrs Ivan Burgess, the
wife of Ivan Burgess.


The new Ordinary Shares will rank pari passu with the existing Ordinary Shares
in issue. Application has been made for the new Ordinary Shares to be admitted
to trading on AIM, which is expected to commence on 21 April 2006. Following the
Placing, Black Rock will have a total issued share capital of 560,198,815
Ordinary Shares admitted to trading on AIM.


Ivan Burgess, Managing Director of Black Rock Oil & Gas plc, commented:


"The funds raised will allow us to commence our development programme in
Colombia. As already indicated, the plan is to steam flood the Arce Oil Field
with the objective of generating early cash flow.


"Black Rock and our local partner, Kappa, anticipate that the Arce 4 development
well will spud in late April/early May 2006. It is expected that this well will
come on stream later this year. Further updates will be provided as material
information becomes available.


"We have deliberately chosen highly prospective acreage and in Kappa we have a
very experienced partner with an impressive track record. We believe that the
outlook for the Company has never been more positive."


Qualified Person


Dr John Cubitt (a Director of the Company) has been involved in the oil and gas
production for more than 26 years. Dr John Cubitt is a registered Chartered
Geologist (CGeol) and has a BSc and PhD in geology. He has compiled, read and
approved the technical disclosure in this regulatory announcement relating to
the Company's interests in Colombia.


For further information, please contact:

Black Rock Oil & Gas plc
Ivan Burgess, Managing Director                    Tel: [phone]
                                                 Mobile: [phone]
                                     www.blackrockoiloilandgasplc.com
Beaumont Cornish Limited
Roland Cornish, Chairman                           Tel: [phone]

Bankside Consultants
Michael Padley/Susan Scott                         Tel: [phone]


ENDS



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

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