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

Hi all

Well another down day for DES. The buys were more than sells. The open 0.4700p, high 0.4700p, low 0.4325p, close 0.4400p, combined volume 2.797m. The volume was up again today. The candles give us a bearish engulfing pattern. The fact that this pattern has come in a down trend gives it a possible different outlook. The pattern is known as the last engulfing pattern. Tomorrow will confirm if this is correct. The last engulfing pattern generaly marks the bottom or top of a trend. Lets hope it is the bottom ! The rally should then follow.






Good Luck All

Eddie

Eddie im afraid this would appear to have 37.5p written all over. Dont see any support until then.

Hi all

Well we didn't get cofirmation of the rally today. The open 0.4425p, High 0.4425p, low 0.4150p, close 0.4325p, combined volume 2.795m. Looks like you could be right momentum. Today we had good volume, but a lot more sells than buys. The candle that was formed was a hammer. This candle generaly comes out at the bottom of a down trend. It's said to be hammering out the base. Looking at the intraday chart, it looks like the bulls didn't get involved untill later in the afternoon. On sharescope DES went through the 200 day moving average today. This is where the bulls appear to have come in. The hammer being at the 200 day moving average looks to be confirming support at this area. However as momentum has said the lower level at the rising window may be tested. Lets hope not !







Good Luck All

Eddie

Hi all

No postings today ?

I'll not post a chart as there is a couple on the board aready. The open 0.4325p, high 0.5625p, low 0.4325p, close 0.5575p, combined volume 1.401m. The volume was down today, but more buys than sells. It would appear DES is showing signs of support at about the 200 day moving average. This will need confirmation ie DES will need close up again tomorrow. With a bit of luck the bears will be out and the bulls will be in. DES was the fourth highest mover in the oil & gas sector, up 5.78% since yesterday.

Britishbulls.com have a morning star pattern. (although not the classic pattern) it is still a reversal pattern. I hope we get confirmation tomorrow !

Good luck all

Eddie

Cheers Eddie am in the background there watching and Friday is always an up day so get through Thursday see what happens.


So Eddie why is Friday a good day for Desire? press over weekend?


I dont think the Desire board know about press but the best secrets in life are kept quiet so keep it quiet as we are going to make a fortune here,

Cheers markymar

Lets hope we do !

What a pity I was away from the markets for the past couple of days. It seems that I could have missed some great buying levels! It is encouraging to see people on other DES bulletin boards talking about closing out their longs, as this is often a sign that the last stragglers are out now out of the way - leaving room for buyers to come back in. Psychologically, the nervous traders bit the bullet under 45p and looking at the 'hammer' pattern this confirms that the squeeze may well have completed on Tuesday. Good to see stochastic divergence (momentum rising while price makes new lows)...another great indicator for a bottom. Not to mention rising trendline from 2003 and 200 day M.A. A move back above 48p would really be a boost to the upside.

Hi all

Well we didn't get the confirmation today. The open 0.4575p, high 0.4575p low 0.4450p, close 0.4450p, combined volume 554.0 K. Looks like we have had a strange day. Low volume, very few buys & less sells than normal. Something is brewing. Looks like the bears may become bulls tomorrow. As lynnzal says DES looks great for a buy. As markymar says Friday is a good day for DES. It looks like the bulls have stepped aside today, letting the bears do their worst. The candles now give us dark cloud cover, which is generaly bearish but I think the bulls are ready to rally.







Good Luck All

Eddie

Mind Eddy a funny day on trades if you have checked them on AM site.

One of the strangest i have seen on there was a post on iii and someone had bought shares and they were down as a sell.

Well done Newcastle United good result and lets hope its a good Friday for us DES fans.

Well Friday a blue day and the 3pm trades which went missing yesterday are coming through now.

Maybe kickoff half-hinched them Marky. Just my sense of humour.

Time to sharpen my axe Ruddy and the teeth of my chainsaw a good day for chopping gets rid of frustration may join Mr Curly top on beach and get some free coal.

The best thing in life are free but you can give them to the birds and bees i want money -- who sang that Ruddy?

Thats what I want- I want money. Cant remember-was it Souxie and the Banshees- 80s I think. Know the song well though. More of a Santana man amongst many other bands

Wrong Ruddy must think harder, this will bug u now

Here is another....Dont give up on us baby lord knows we gone so far the future just ? You will know that one


Come on Ruddy you will have to be an detective... clue

David Soul-maybe. t'other one- The ...........(something to do with birds) barsteward

Well done Ruddy, i will let it bug you the other one

You cant(cockney) Snowing again here Marky

Hi all

The open 0.4475p, high 0.4550p, low 0.4475p, close 0.4550p, combined volume 279.0 K. The volume was down again today both buying & selling. The bulls were slightly ahead. DES up 2.25% since yesterday. The candle pattern is a bullish harami. The harami is suggesting DES may be about to have a trend reversal. With all the other indicators suggesting the same. DES looks promissing for a rally. The bears seem to be very few now. It may be time for some action from the bulls. Lets hope it's soon !






Good Luck All

Eddie

Cheers Eddie