LONDON (Thomson Financial) - Black Rock Oil & Gas Plc. said it is in talks with "a number of parties" regarding additional financing, a merger proposal or offer for the company or its assets by the board's end-August objective.

"As announced at the AGM held in April, the board has implemented wide-ranging operational cost reductions to substantially reduce the additional working capital still required by the company to finance its ongoing central costs for the remainder of this year," the company said.

"Directors hope to conclude a satisfactory outcome within the stated time scale so that the company has sufficient finance available for its ongoing central costs beyond this date," the company said.

TFN.newsdesk@thomson.com jro/am

COPYRIGHT

Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.