|
|
Article: Small But Beautiful: Black Rock oil strike sends its shares soaring
- Article from:
- The Scotsman
- Article date:
- July 19, 2007
- Author:
CopyrightCopyright 2007 The Scotsman. Provided by ProQuest LLC. (Hide copyright information)
|
TINY Black Rock Oil & Gas has struck oil in Colombia, sending its
shares soaring by 70 per cent.
A well drilled by AIM-listed Black Rock's joint venture partner
Kappa Resources Colombia to a depth of 3,970ft at Acacia Este in the
Las Quinchas Association Contract in Colombia made the strike.
The company, which also operates in the North Sea, said a
preliminary interpretation of the logs shows "oil saturation in good
quality porous sandstones".
Results of the testing of the well should be available in the next
couple of weeks.
Black Rock's managing ...