BLR Black Rock Oil

RNS Number:5131G
Black Rock Oil & Gas PLC
29 October 2007



For immediate release
                                                                 29 October 2007

                            Black Rock Oil & Gas plc
                        ("Black Rock" or the "Company")
                                        
                  Change to issued share capital admitted to AIM

Summary

Black Rock announces that it has identified that the total issued share capital
has been overstated by 597 ordinary shares which had in error been allotted in
duplicate by the Company's registrars (the "Excess Shares"). The Excess Shares
will therefore be cancelled from trading on AIM, following which the total
issued share capital admitted to trading on AIM will amount to 32,160,407
ordinary shares of 1p each.


Background

On 7 February 2006 the Company announced that it had, inter alia, issued 29,873
ordinary shares of 0.5p each in the capital of the Company in relation to an
exercise of warrants ("Warrant Ordinary Shares"). Subsequently, the Company's
registrars allotted in error these Warrant Ordinary Shares again.


On 1 August 2006, the Company announced that, following a reconciliation of the
Company's issued share capital and the number of ordinary shares of 0.5p each
admitted to trading on AIM, an application for trading on AIM was made for
30,084,005 ordinary shares of 0.5p each. This application included the duplicate
issue of the Warrant Ordinary Shares.


On 3 July 2007, the Company announced that the special resolution to approve the
proposals relating to the consolidation, subdivision and reorganisation of the
Company's share capital was approved by shareholders at an extraordinary general
meeting of the Company held earlier that day. Pursuant to these proposals every
50 ordinary shares of 0.5p each in the capital of the Company were, inter alia,
consolidated into a new ordinary share of 1p each. Accordingly, the Excess
Shares now amounts to 597 ordinary shares of 1p each in the capital of the
Company (being the product of 29,873 divided by 50, excluding the fractional
entitlement).


On 16 October 2007 the Company was informed by a shareholder that it had been
allotted in error the Excess Shares. The Company has now completed its review of
the duplicate allotment and has today requested that AIM cancel the Excess
Shares.



ENDS


For further information, please contact:
Peter Kitson                                Tel: 01189 001 350
Black Rock Oil & Gas plc
                                            www.blackrockoil.com

Michael Cornish                             Tel: 0207 628 3396
Beaumont Cornish Limited







                      This information is provided by RNS
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