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

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

Hi all

Lets hope this gives DES a boost today !


Desire Petroleum PLC
11 April 2005


Desire Petroleum plc

('Desire' or 'the Company')

Appointment of Drilling Project Manager

Desire is pleased to announce the appointment of Peak Well Management ('Peak')
to carry out the well design and drilling project management of the planned
3-well drilling programme in the Falkland Islands. This will involve detailed
well and test design, contracting for all services, and execution of the
drilling programme, including materials and logistics.

Peak, based in Aberdeen, have the expertise and worldwide experience to deliver
this operation in a safe and cost-effective manner.

Dr Colin Phipps, Desire Chairman , Dr Ian Duncan, Desire CEO and Mr Bob Lyons,
Peak Managing Director are visiting the Falkland Islands this week to discuss
plans for the drilling campaign with the Falkland Islands Government and key
local residents.

Dr Ian Duncan said 'The appointment of Peak and the visit to the Falklands
continues the progress for the resumption of drilling in the area.'



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



Good Luck All

Eddie

Peak hope to deliver 30 wells worldwide this year so they are an experienced group. 3 wells in the Falklands will be a major contract for them and their extensive experience means that they should be a safe pair of hands to run the project. Now we just need to hear some news about a rig or drill ship being hired and our shares should spring back to life. Thank you Eddie for the good news.

A step in the right direction, its going to happen.

http://www.peak-group.com/cms/index.php?option=com_frontpage&Itemid=1

A good outfit

Marky

Peak Group certainly look the biz and no-one should have any worries on that score I just hope next rns is the next(well known) farmin partner, as i feel it is the only thing that will push the sp to new levels.
I am very dissappointed at the lack of sp action today but i guess the market has a good memory and has yet to forgive des its earlier (98) failings. One things for sure, when des have confirmed credentials (oil quants in their acreage), the market and other oil companies will be forced to re-align the valuation and sp of des.( This will be ssss not pennies)

Keep up the good work

Marrow (nee ming beaver)

Marrow are time is coming were in good company


From Money Week

Falkland Islands Update.
Last November, money week round table member Sven Lorenz tipped the Falklands as a place to invest due to their massive oil reserves- thought to be up to 60billion barrels.
But thanks to the relatively high cost of pumping it up (around $15 a barrel), the region has long been ignored. Now with oil prices hitting new records every day, the game has changed. Who cares if it takes $15 to get out?
Aim listed Falklands Oil & Gas Limited (FOGL) is one of the key players in the area and a recent favourite among punters thanks to its huge oil exploration area of 83,000 square kilometres; the shares have risen from 70p to 118p since November. One of the firms main shareholders is Falkland Island Holdings (FKL). It owns vast tracts of land and supermarkets in the islands and is a nice play on the region even if one of FOGLs competitors find oil first, FKL will profit as property prices soar on the back of the oil boom.
Finally, Lorenz has been keen on Desire Petroleum (DES), which has risen from 12p to it current 43p in the last year.
Both FOGL and DES have done seismic surveys, and both have the finance to undertake drilling. So should you keep holding them? If you think oil prices will stay high, yes, says Lorenz; these shares are oil-price dependant and that makes them, to a degree, speculative investments. The more cautious who still want exposure are best off in FKL, but those looking for a punt might wait until late 2005 when a third Falkland Islands oil exploration firm, Rockhopper Exploration, is likely also to be AIM listed.

Bob Lyons

Managing Director, Peak Well Management

Education: Bob holds a BSc in Mining Engineering and a MEng in Petroleum Engineering.

Career: Bob joined The Peak Group in January of 2003 following Shells takeover of Enterprise Oil where hed worked from 1988 2002 as Drilling Manager.

Bobs role within The Peak Group is to manage all current projects, staff development and maintenance of all technical aspects of the company knowledge base.

Marky

I think the rig announcement and farmin partner may well be the same rns. ie both from the same company (for example shell as partner and shell to supply rig). It would certainly explain the delay in rig confirmation.

The "twist" could well be this. It would certainly put the sp over 1.50 overnight, what with a big name/a rig and more wells.

We live in hope

Marrow

Hi all

Well with all the main idices down, it's no wonder DES also went down today. The open 0.4650p, high 0.4800p, low 0.4475p, close 0.4500p, combined volume 960.0 K. The volume was up slightly from Fridays volume. Unfortunatly the bears kept dragging DES down. The candle we have is bearish, so tomorrow should confirm if the RNS has been well received. Lets hope for a better day tomorrow !







Good Luck All

Eddie