Desire Petroleum

<>Desire Petroleum plc (Desire) is a UK company listed on the Alternative Investment Market (AIM) dedicated to exploring for oil and gas in the North Falkland Basin.

Desire has recently completed a 6 well exploration programme. The Liz well encountered dry gas and gas condensate at 2 separate levels while other wells recorded shows.
Together with the Rockhopper Exploration Sea Lion oil discovery in the licence to the north, these wells have provided significant encouragement for the potential of the North Falkland Basin. The oil at Sea Lion is of particular interest as this has demonstrated that oil is trapped in potentially significant quantities in a fan sandstone on the east flank of the basin. It is believed that over 50% of this east flank play fairway is on Desire operated acreage.

Desire has now completed new 3D seismic acquisition which provides coverage over the east flank play, Ann, Pam and Helen prospects. The results from fast-track processing of priority areas are provided in the 2011 CPR. A farm-out to Rockhopper has been announced. The revised equities are shown on the licence map (subject to regulatory approval and completion of the farm-in well). Desire Petroleum

Rockhopper Exploration

British Geological Survey

Argos Resources



Latest Press Realeses from Desire

So you will miss all the action , meic has your email so he can keep you informed ? Is there a computer there you can use to keep in touch or is that there for mail only.Still waiting for news of that wave i was on other day could be intresting.

Meic will keep me up to date hopefully, + a fat parrot. E-mail yes but stocks and shares surfing on the internet are filtered. They are considered as gambling!!
Look forward to your news.

Capt there is no return mail address ? Still waiting for news of wave , but one splash came back and was looking at wave but having trouble if wave was up or down.Sent 3 splashers out 2 more waiting , just hoping they come back with a tidle wave and not a ripple.

Thanks for trying Markymar, I have to remain under cover , I hope you understand.

Your name says it all, your a captain of an army of desire fernatics who have a lot of guns and CP is the boss man who knows a lot of girls names and i hope he comes up with some newer names as well.Argos looks good with Adelie ?

Here ya go folks, latest targets:-

Ladies and Gentlemen,

OK, in the last few weeks we've seen a bit more news bubbling and taken on board some new players too. Time to put my neck on the line again.

We are still probably a month+ away from any definitive news but the ball is rolling and during August I'm expecting that news flow will increase.

PX Targets
Rest of this week, well, px has again tried to test 38p without success and unless something comes from Shell tomorrow which refers to Falklands I envisage this stock 'sulking' back a bit so px range this week 34p - 38p
I think its unlikely to sit any lower than this but intra day this stock does have a habit recently of dipping before support drives it back up. I for one will be buying like mad if it does briefly fall below 34p.

First week in August, well, I'm in Iceland so I'll miss the fun but my pricing model indicates a very substancial price move up! I've re-run my numbers and still I get the following:- 42p - 46p.

So in summary for next 5 - 7 working days looking to suggest slight dip near term then very end of week/start on next a concerted push straight through the 38p level.

Please keep the comments and info coming. I for one am now getting very excited about this stock.

Good luck and happy hunting folks
JPDM FM

Sorry to hear about the job JP, but a man with your skills will go far , am a great beliver of one door closers another one opens be lucky markymar.

Capt CP is not in the Falklands nor is he going in near future says a splash

JPDM, you've called this one so spot on it's uncanny! Looks like tomorrow AM could be a good time to buy (what do you think Stu?), good luck with the job hunting, not much call for city boys in Devon I'm afraid!

Oil industry targets South Atlantic.



Repsol-YPF Argentinas main hydrocarbons producer and other foreign companies will be investing over 300 million US dollars in oil and gas exploration in the South Atlantic and offshore Buenos Aires province during 2005.



Strong international oil prices and the liberation of the natural gas price in Argentina are seen as the main driving force behind the new push following one of the countrys worst energy crisis that forced serious restrictions in overseas natural gas shipments particularly to Chile.
According to the Argentine press, French owned Total Austral, Wintershall from Germany and Anglo-argentine Pan American Energy will be investing in the coming nine months 114 million US dollars in the austral basin, Southwest Atlantic.

The group already has invested 256 million US dollars in the area and expects a production between 4 and 7 million cubic meters of natural gas from seven wells which will be drilled beginning next September.

Respsol-YPF has also plans to invest 70 million US dollars in the austral basin taking advantage of wells drilled several years ago and which remain locked.

Further south, offshore Tierra del Fuego, several of these companies will continue exploring the area which is rich in natural gas.

Repsol-YPF associated with the American company Pioneer has plans to explore for hydrocarbons offshore Buenos Aires province, once the Argentine government gives the official authorization. Petrobras is also interested in the same basin.

This is the less developed of Argentine basins but some exploratory drilling has signaled the possible presence of hydrocarbons, said Walter Schmale president of the Argentine Oil and Gas Institute.

But Mr. Schmale also pointed out that to make findings drilling is essential, but this means favorable geological, price, fiscal and contract certainty conditions, since the oil industry works with a future horizon and an offshore project demands between 7 and 10 years before reaching production

Investors Chronicle
IC view of oil shares: fairly priced stocks are AMINEX, ANTRIM ENERGY,
PETROCELTIC, TEXAS OIL & GAS, IMPERIAL ENERGY; speculative buys are BLACK ROCK
OIL & GAS, DESIRE PETROLEUM, EMERALD ENERGY, HEREWARD VENTURES; good value are
CENTURION ENERGY, EDINBURGH OIL & GAS, JKX OIL & GAS, MELROSE RESOURCES, NELSON
RESOURCES, FIRST CALGARY PETROLEUMS, PAN ANDEAN, SEFTON RESOURCES, WESTMOUNT;
one with good-looking assets with plenty of upside is HARDMAN RESOURCES; two
whose upside remains attractive are NORTHERN PETROLEUM and REGAL PETROLEUM; good
spread of risk WESTMOUNT; purely speculative PETREL RESOURCES; could go bust;
sell RAMCO ENERGY; balanced portfolio with strong upside; buy STERLING ENERGY

What no Fortune oil ?

In an interview with Mr Phipps dated 21st july they had finished interpretation on the Tuesday the 20th and the data will interpret.
Then if you read the Artical below he says should take 6 weeks to interpret, well we are in week 6 now, give or take a few days.



SEISMIC data collected in the Falklands is undergoing a fast track processing route and should be ready for interpretation at the end of the month.
Penguin News yesterday contacted Dr Colin Phipps, Chairman of Desire Petroleum plc, to ask if he could confirm rumours that oil giant Shell had shown interest in returning to the Falklands to carry out exploratory drilling.
Dr Phipps said he could say nothing about, ...who might or might not be coming in. This is something that would have to be put out to the Stock Exchange.
However he said all the 3D seismic data recently collected in the Falklands has been loaded for fast track processing, ...and it all should be ready for interpretation at the end of this month or the beginning of next month.
He said the data will take approximately six weeks to interpret, ...then well know what our principle objectives are and we will be able to sit down and hopefully organise a deal for exploratory drilling in tranches C and D.

I think you must have put a jinx on it now down 2.0(6%)............Seriously I think they are have amazing potential and from what we know there should be significant news between now and Christmas.Its one thing identifying a good opportunity , the other is then having the patience for that potential to become a reality

Willfagg, good choice again, do I know you ha ha! As Markymar states above, news should be out either this week or next although it will ultimately be driven by the farm in partners. I still see the odds of DES being succesful as greater than most, technology has improved dramatically and if there is oil down there in quantities then the boys can bring it up, is the south atlantic more inhospitable than the north sea, probably but if there is black gold then it doesn't matter a jot. These are a gamble but a better bet than at the bookies!

Shell hit free flowing oil and was capped it was $10 a barrel they left for other things going on because it would cost back then $ 14 to pull it out.

Times have changed and so has the price of oil for good and gas.
I have not spoken about gas but look at the UK now next year we will inport gas and look at the likes of South Americia.

Times have changed and so have the prospects of Desire.

Markymar, some interesting notes in the weekend press. Apparently we will be struggling to provide enough gas to fuel the gas burning power stations next year and British Gas are going to build a liquification plant on the coast of Brazil, i guess that could be geographically significant. The upward pressure on oil as a resource will continue as the world economy grows, oil is not going to go down in price until production increases or growth slows right down or turns negative, neither of these will happens until at least the medium term at best! The economics behind a find for desire at current prices is impelling, they should have no problem fidning a farm in partner whatever the cost!

Economics by definition is the study of scarcity, that is the definition! I have a ph.d in economics and oil is just a comodity with a fixed (inelastic) supply and long term increasing demand, the price will go up and so will Des' share price if the reserves are significant!