Desire Petroleum are presently shooting 3-D seismic in Falkland's waters. Estimated oil reserves are put at 60 billion barrels. www.desireplc.co.uk for more information.

hello oily

G'day, Marky. Another 'up' day for DES. When do you think the 3-D will be finished ?

Not to sure mate depends on the weather but its been quiet good out there so it should be in the timetable, had a thread on here for a bit now but not much intrest. Well we hit the 13p mark lets hope we get past that and the share price will move forward.

I did like that artical about BP it puts a spin on Desire i sent it to Desire to see if any thought on it and got nothing back so far but Anna usally replies so very intresting.

oily estmated reserves were between 60 to 110 billion barrels of oil

G'day, Marky. Anna is normally a bit reticent ! Another up day for DES today. Just wait till we get that 3-D info. Whoosh !

I think that you're right, wish I had some more cash.

This is inconsiderate timing, couldn't they have waited til I was ready with cash :-)

lots of small buys so far today but need to brake that 13p then its 16p and we are away,got a few shares in emerald energy and that away today there no stopping it may just top up again today and oily keep an eye on tmn something was a foot yesterday and i have pocket full of these bought in at 0.06 so sitting on very good profit there.

GEO PACIFIC


Information from Byron Marine says that the Seismic Vessel is due into FIPASS on Saturday morning to exchange crew. Previous to this, the Geo Pacific carried out a 3-D seismic survey in the North Falkland Basin for Desire Plc. She will also bunker and take on stores with Byron Marine carrying out ship servicing and piloting, etc. Further to this, the Escort Vessel, Thor Supporter, will arrive on Saturday. There will be a tour of the Geo Pacific on the day by FIG Officials. After the crew change, she will continue with the seismic survey. This stage of the seismic survey will end in mid March.

Have held these for years, on and off - sitting on a loss having bought at 28p the last time (it's a quick mover though - they narly trebled in 2 weeks after i bought but i didn't sell, having held before at ten times that - still every confidence that falklands is a massive oil field - could soar on the data results next mth, so now a great time to top up.

Does anyone know if the survey is being completely funded by Desire's share issue or whether they have engaged partners to help fund? If so what percentage?

Presumably this percentage equally applies to any drilling costs and subsequent profits too?

Baughfell, have a look at www.desireplc.co.uk, News Section. All the info you need is there.

Desire raised all the money for 3D shoot through a placing of shares to its share holders and it was all underwrittin by semour pierce.

The next step is to wait and see how the 3D shoot went.Dont forget 2D shoot has all ready taken place over this area befor so when they do go to drill they will know where to drop the drill bit and will be 90% right where to drill.

What we need to see is in the desires report that the 3D shoot has been a sucess and that they have a big partner with them, and they will have partners queing up if all goes well.

There should be some tradin oportunities in this one given that the 3d data should be out soon. DES knows that there is oil out there, it is the type of oil that is important, the sandy stuff would be no good, a hard cap over a reservoir and it's the north sea all over again. This presents an interesting situation, almost a bet. Good news and this shares will rise by 100's of percentage points, bad news and it's pretty much wothless as there would be little desire to fund further surveys! Worth watching and a small punt if you like a gamble but don't put your pernsion as this is the definition of a risk with only two outcomes.

RNS Number:9312V Desire Petroleum PLC 01 March 2004



DESIRE PETROLEUM PLC

Interim report on the 3D-seismic programme in the North Falkland Basin

Approximately 40% of the 3-D seismic survey has now been completed and the first, unprocessed seismic lines have been received in the U.K. Data quality is high and, after processing, should provide a very good basis for interpretation.

Once the survey has been completed, it is expected that data processing will take approximately four months, at which time detailed interpretation can begin. This will not be available until later in the year but initial results are already encouraging.


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

Did no-one esle think that this was good news. why would the management release the notice if they didn't think that this was good, we'll find out soon enough but the bet is still on and i think the odds in favour of a good outcome have shortened!

this RNS doesn't really say anything - to me it smacks of just putting out an RNS for the sake of it.

To me it says that the initial thought of upto 110 billion barrels of oil out is looking likly. Why come out with the statment like that unless they are very confident.They are ENCOURAGED what is in front of them and its a clear sign to buy these shares and which i dipped my toe in again to buy some more now its just the wait for 4 months befor data is processed and there might be news in the finals,last year were in April but they have untill june if they want to.

I dont want to miss the boat on this one ? Do you

They know there's a massive oil field - it's just getting the confidence of backers to drill for it and hence the need for quality seismic data. Once they have the proof, the Big Boys will be falling over themselves to get a piece of the action and Desire shares will rocket.. just wait...

not going down even when the market is down.may be it is tlling us something.

shes on the move

its going to blow

nice to meet others watching this stock. I bought a few at 11p - so watching with interest.

Wish I'd bought more from the recent Offer now ! Anyhow, onwards and upwards.

these have been over 5quid last time they had a rig out there, now interest is serious and these could as you say markymar - blow! soon

Morning Vasey
What do your reckon, out at 20p

Hmm...not sure on that one, jeff. 19p is certainly the next resistance area. Maybe it will charge through with the next pause 1.50. (Well, I can dream!)

A lot of interest today.
Does anyone have level 2 information please ? How many mm's are on the bid/offer ? Who's the house broker, by the way ?

oily, four MMs, all currently agreed 14 and 15.5. Same for both sides, top to bottom shows EVO, SCAP, WINS, KBCS

vasey-u r not dreaming if they do find what they r looking for i am looking at 8+ go on laugh as much as u can.

tofur....I am smiling, not laughing. Certainly 8+ not impossible and Cairn has produced spectacular returns for their investors. I thought the recent RNS was positive and who knows.....?

the top going to blow off on this ?

I really must go out to lunch more often!

double post, sorry!

Yes, sure is having another good day - and all before the party really gets going.

asking 17p now there no stopping now. dont forget that spivs party oily it might be sooner than we think

It will be a good do, Marky !

no reason to sell this, and it may have been leaked that data is excellent as it's so easily the case, could see 1 sooner than we realised especially once the papers pick up on it... enjoy the flight.

they have all ready said it looks very promising and should be finished over there soon if not have finished

should get some farm -ins this time, then the price will gush.

Desire Petroleum contracted Fugro Geoteam-A/S
in late January 2004 to start a 3D seismic survey in the acreage licensed to them in the North Falkland Basin. The Geo Pacific survey vessel is expected to take several months to complete the data acquisition and made a port call at Stanley
together with her support vessel Thor Supporter in
mid February.

Directors of Desire Petroleum comment:
Following on from the results of the initial drilling,
a new geological model has been developed which
has identified the areas within the Basin, and
below the source rock, most likely to contain
substantial reservoir rocks and traps for oil. As a
consequence, Desire has designed a 3D-seismic
survey. The new geological model has
concentrated on identifying potential reservoirs and
structures below and adjacent to the source rock
and has identified a number of major prospects
along the Basin margins. At least three of these
prospects have the potential to contain recoverable
reserves of one billion barrels of oil should suitable
reservoir rocks be present. The geological model
predicts the presence of suitable reservoirs and it
is the purpose of the 3D-seismic survey to define
them as precisely as possible prior to the next
drilling campaign.

convention help in Houston between 4 and 6
February.
Dr Phil Richards and colleague, Derek
Ritichie from BGS displayed data for viewing by oil
company exploration managers and the data
attracted considerable interest. Meetings with
companies were also arranged during the
convention. Houston, being the centre of the
American oil industry, did not disappoint, and
contact was made with licensees and companies
already considering investing in the area.

Phil Richards particularly highlighted opportunities
in open acreage to the north of the area drilled in
1998 when live oil and gas were found in two of
the six exploration wells drilled that year.
Attendance at the convention by FIGs consultants
is the first in a series of marketing exercises
planned this year and will be followed by exhibiting
at the AAPG convention in Dallas in April.

thanks markymar

Dallas confronce is April 18th to 22nd this is the bit i like here

American oil industry, did not disappoint, and
contact was made with licensees and companies
already considering investing in the area.

Buyers back in this am, whats the crack??

Punters paying 2p over the offer price!!! Y?

Hi all - Not into DES, but purchased a good amount of FKL instead (last September), I thought the returns would a lot safer.



10:48 am 21/06/2004
Desire Petroleum knows no reason for share price rise

LONDON (AFX) - Desire Petroleum PLC said it has noted recent press
speculation but knows no reason for the rise in the price of the company's
shares.
'Work on the fast track processing of the 3D seismic data is
progressing to plan and it is expected that detailed interpretation of the data
will begin shortly,' the company.
Earlier, Desire continued to make headway, with some traders talking of a
major oil find and others suggesting that the company is in talks with some big
oil industry names about farming out its licences in the Falklands.

buyers back in,30p on the cards yumie

markymar
30p, dont be so pesimistic

Any news on these?

Has anybody got any comments on this one. Price creeping up but I am a bit concerned re Shares Mag comment " this one remains a HUGH gamble. Are they that risky?.

No proven reserves yet, Mickey, but when that elusive rig is announced, hold on to your hat.

Oily do you always reply so quickly?

that post was over 2 years ago........heeeeee

hope all is well