Placing

RNS Number:3223Q
Black Rock Oil & Gas PLC
29 January 2007


FOR IMMEDIATE RELEASE 29 January 2007


                            Black Rock Oil & Gas PLC

                        ("Black Rock" or the "Company")

                                    Placing


Black Rock (stock code: BLR), the UK-based exploration company, is pleased to
announce that it has completed the placing of 317,000,000 new ordinary shares of
0.5p each ("Ordinary Shares") announced on 18 January. Application has been made
for the new Ordinary Shares to be admitted to trading on AIM. Trading in the new
Ordinary Shares on AIM is expected to commence on Friday 2 February 2007.

The Company has been informed that following completion of the placing,
Rickerbys Nominees Limited is interested in 151,434,981 Ordinary Shares
representing 14.8 per cent. of the Company's issued share capital.

To meet additional market demand, the Company has today conditionally placed a
further 28,636,364 Ordinary shares with a number of investors at a placing price
of 0.55p per Ordinary Share to raise an additional #157,500 (before expenses)
subject to settlement. The Company intends to use the proceeds to provide
further working capital. These additional Ordinary Shares 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 in due course.



For further information, please contact:

Black Rock Oil & Gas plc
John Cubitt, Managing Director                Tel: [phone]

                                              www.blackrockoil.com
                                              ----------------------
Beaumont Cornish Limited
Roland Cornish, Chairman                      Tel: [phone]

VSA Resources Limited
William Voaden                                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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