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 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

DES will be having more uptrend soon

http://www.falkland-malvinas.com/Detalle.asp?NUM=5452

Falklands-Malvinas
Monday, 11 April


Desire Petroleum Press Release



Desire Petroleum Monday announces the appointment of Peak Well Management to carry out the well design and drilling project management of the planned 3-well drilling programme in the Falkland Islands.



The company said that this will involve detailed well and test design, contracting for all services, and execution of the drilling programme, including materials and logistics.
The company said that Peak, based in Aberdeen, have the expertise and worldwide experience to deliver this operation in a safe and cost-effective manner. Colin Phipps, Desire Chairman, Ian Duncan, Desire CEO and 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.

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

http://www.thisisnorthscotland.co.uk/displayNode.jsp?nodeId=149212&command=displayContent&sourceNode=150624&contentPK=12209389


PEAK'S EXPERTISE ENGAGED BY DESIRE FOR FALKLANDS DRILLING CAMPAIGN
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DAVID TELFER

09:00 - 12 April 2005
Aberdeen company Peak Well Management has won a contract to manage a project likely to be worth several millions of pounds to explore for oil in the prospective Falklands basin in the south Atlantic.

Peak has been engaged by Desire Petroleum to carry out detailed well-test design and drilling project management on a planned three-well programme targeting potentially more than a billion barrels of oil.

The job will also involve contracting for all services and execution of the drilling, including materials and logistics.

Desire's chief executive, Ian Duncan, said yesterday that three wells were planned at this stage but the contract value to Peak would depend on the number of wells eventually drilled. He added that Desire, which last month raised 25million in a share placing, was trying to hire a rig to undertake the drilling, and hoped to find one in waters offshore Brazil.

Desire - named after HMS Desire, which made the first recorded sighting of the Falklands in 1592 - is aiming to start drilling late this year or early in 2006 after acquiring some promising seismic data.

Peak, a well-construction and performance specialist which operates globally with a staff of more than 70, recently announced plans to expand its workforce.

The company, which will deliver up to 30 wells worldwide this year for operators, including 20 in the North Sea, is forecasting a sustained growth in the demand for its international well project-management services next year.

Peak is looking to recruit up to 15 key personnel. The posts will be based at its offices in Aberdeen, Houston, Perth and Dubai.

The Aberdeen company was named most promising firm recently at the Scottish Offshore Achievement Awards.

Bob Lyons, managing director of Peak Well Management, is leaving for the Falklands today, with Desire's chairman Colin Phipps and Mr Duncan to hold talks with the islands' government on the drilling campaign.

Mr Duncan said the last wells drilled off the Falklands in 1998 were now much better understood thanks to the latest seismic data.

The research and development projects manager of Aberdeen firm READ Well Services will take the stage at an oil conference in Houston, Texas, today to announce a breakthrough technology.

Fraser Louden and his co-authors from Statoil will speak about the development of a new product called the HETS Hydraulically Expanded Internal Casing Patch, which can be run into a live well on coiled tubing and expanded into place using direct hydraulic pressure, thereby giving a permanent steel repair.

Hi all

Thanks markymar hlyeo98.


We had a slight move up from DES today. Open 0.4600p, high 0.4600p, low 0.4450p, close 0.4550p, combined volume 619.0 K. The candle pattern as described on Britishbulls.com is a bullish homing pigeon. (not one I'm familiar with). But we need confirmation of this candle, which will need to close above todays close to confirm its bullishness. The lows of the candles are getting higher. We just need for the close of each session to be higher also. The support seems to be building around this level. Soon we may be seeing the rally we are all waiting for. Lets hope its soon !






Good Luck All

Eddie

Cheers Eddie not long now 2 more weeks tops we should start to hit blue sky then my axe is back out.


"Desire's chief executive, Ian Duncan, said yesterday that three wells were planned at this stage but the contract value to Peak would depend on the number of wells eventually drilled. He added that Desire, which last month raised 25million in a share placing, was trying to hire a rig to undertake the drilling, and hoped to find one in waters offshore Brazil"

More to come for the spiv party (at this stage) hmmmm and plenty of money they will bring on Desires terms a party far to good to miss and hope.

Regards all

Markymar

Hi Guys,

The appointement of Peak should be seen as excellent news, relieving DES from the minutia of running a drillling campaign, and which judging by past performance in Portugal is a good thing!

The appointement of Peak looks as though the news of rig being commisioned is now not to far away!

It does NOT look to me though, that there will be a big farm-in partner (like Shell) coming on board, as they would have undertaken the drilling management rather than hiring another firm to do it. The window is still open for Talisman (or another new entrant) to share the rig in other acreage.

The fact that DES & Peak are going to the Falklands this week to see the FI government may mean that we will see some interviews in the Falkland press, perhaps even some news to come soon.

Hi all

Thanks markymar Jon B.

Looks like the homeing pigeon,s got lost. The open 0.4550p, high 0.4550p, low o.4425p, close 0.4425p, combined volume 625.0 K. The bears still appear to be dragging DES down. DES is still above the 200 DMA. There is a resistance at about 0.4600p, which seems to be where DES is backing away from. I think DES will go through this resistance rather than drop through the 200 DMA. If you draw a line down from the top doji candle (high of the shadow) to the next high shadow, then continue the line down to todays candle. You will see this resistance just above todays candle. As you can see the resistance & the 200 DMA are close to each other. So it looks like DES will break up or down soon. Lets hope it's up !







Good Luck All

Eddie

Cheers Eddie

Thanks also eddie + markymar for consistant info on this thread. I have not posted since the share issue as DES is held as part of 'long term' portfolio. The 200 day MA is around the issue price, which could be expected, as those who have held in the 50-60p range may have had inclinations to sell plus the dilution effect. Nevertheless, an ample time to add to holding as the upside of this share is still very positive. There has been much talk of an 'overload' of speculative oil co.s in the past 18months, most of which constitute cash-shells, and few of which can be catagorised in the same position as DES. I think it is simply a matter of patience before everything is in position and those who hold will be rewarded. cheers, Tau.

http://www.falklandnews.com/public/story.cfm?get=3200&source=2

Some good news "There will also be a Desire Petroleum shareholders meeting while the three men are visiting." so news to come soon


PEAK WELL MANAGEMENT APPOINTED TO DESIGN AND MANAGE FALKLANDS DRILLING



By J. Brock (FINN)







Desire Petroleum has announced the appointment of Peak Well Management Limited, an Aberdeen, Scotland Company, to carry out the well design and drilling project management of the planned 3-well drilling programme in the Falkland Islands.



According to the Company, this will involve detailed well and test design, contracting for all services, and execution of the drilling programme, including materials and logistics.



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



Colin Phipps, Desire Chairman, Ian Duncan, Desire CEO and 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. There will also be a Desire Petroleum shareholders meeting while the three men are visiting.



Said Ian Duncan, The appointment of Peak and the visit to the Falklands continues the progress for the resumption of drilling in the area.

Hi Markymar
The shareholders meeting doesn`t surprise me as most of the adult islanders have holdings .
Must be exciting times on the island at the moment with all this exploration going on.
All the best
Berlingo

Good do here from you berlingo and you input has been a miss, to me this is very positive news that a shareholders meeting to held across there and i expect some sort of news very soon.

Kind Regards

Markymar

marky

don't tease please expand on the german buzzing link please (if you are able at this time)

all the best

marrow (nee ming beaver)

Marrow there is nothing to expand on just a few things point in a German conection but nothing to back it up.But it does make you wonder why a German main paper comes over to Falklands and Sue has asked me to post her any news on the Desire front as she is very keen on to what is unfolding across there.

Regards

Markymar

PS Dont forget Newcastle tonight on TV-Howay the Lads

Hi all


Lets hope the three wise men are bearing gifts for christmas. Todays open 0.4425p, high 0.4500p, low 0.4325p, close 0.4400p, combined volume 387.0 K. The candle which was formed is a doji (needs open & close to be exact, to be perfect doji). Never the less we have a doji, which could be indicating a trend reversal. Looking at UB07 oil & gas sector this has been dropping recently, so not suprisingly DES,s news has not been able to lift the share price. It looks like UB07 may be about to form a morning doji star. This will need to be confirmd tomorrow. If we do see this pattern, then we can expect the sector to rise. If we get some news from DES also this would be good timeing.







Good Luck All

Eddie

Desire aspires to summer drilling

Oil Company Desire Petroleum plc hopes to start exploratory drilling in the Falklands next summer, possibly as early as December 2005.
Thats according to the companys Chairman, Dr Colin Phipps, who is visiting the Islands this week with Desires Chief Executive Officer, Mr Ian Duncan.
Speaking to Penguin News on Wednesday, Dr Phipps said the 25 million raised by Desire earlier this year allows the company enough money, ...to drill three wells at current costs.
The wells will test the three principal targets identified through a 3D seismic survey and Dr Phipps says the company is feeling confident: I cant tell you if theres going to be oil but certainly were a lot nearer to it.
Dr Phipps says Desire could be drilling as early as December 2005, however this depends on a number of factors; first and foremost, the company needs to secure the use of a rig - thats the crucial bit.
He says tenders have been sent out and, ...were talking to a number of drilling contractors about rig availability.
In addition, the company needs to fulfil a number of obligations including environmental studies and Health and Safety Executive requirements, a process he says, ...with a fair wind, we can do in about six months.
The earliest we can drill from now is in the late spring, but it is much more likely to be mid-summer.
Dr Phipps says each of the three wells is on a very large prospect and if one is successful, ...it will make a very big difference to the Falkland Islands.
Accompanying Dr Phipps and Mr Duncan on this visit is Mr Bob Lyons of Peak Well Management, the company appointed by Desire to carry out well design and drilling project management.
This will involve detailed well and test design, contracting for all services and execution of the drilling programme, including materials and logistics.
Mr Lyons is here this week to see what resources can be found locally: We want to use as many local facilities as possible. Primarily what we will be looking to draw upon locally is logistical support.
Shore-based activity?
Should sufficient oil be found for development, Dr Phipps says the process will then enter into a period of ...pretty deep discussions with the Councillors, Governor and, indeed, everyone on the Islands as to what they want to happen. In the end its your choice.
He added, There will obviously need to be some infrastructure here, there will have to be supplies and so forth, and, given Argentinas attitude, its going to be essential that there is some here.
But the extent to which it will change the Islands is a matter for you rather than for us.
Dr Phipps is complimentary of the work of Director of Mineral Resources, Phyl Rendell, and Dr Phil Richards of the British Geological Survey who he says have, really represented the interests of Islanders.
- Desire holds a 100% interest in 3,650 km2 in the North Falkland Basin. These interests are in Tranches C,D,I and L.
Desire also holds a 12.5% interest in Tranche F, operated by Talisman Energy. Six wells were drilled in this basin in 1998. Five recorded oil or oil and gas shows.
In February, Rockhopper Exploration announced it had signed an agreement with Desire to farm-in to the three wells to be drilled by Desire in Tranches C and D.

Hi all

The whole oil & gas sector is down, based on falling oil prices. The open 0.4400p, high 0.4425p, low 0.4150p, close 0.4150p, combined volume 1.138m. There was an increase in volume today, unfortunatly the bears had the upper hand. The close is at the bottom of the hammer(lower shadow) dated 05/04/05. The hammer is said to be hammering out the base. If this test of the hammer is good then DES should have support. DES has moved below the 200 DMA, at which I thought we would see a bounce. Momentum suggested DES may go to the price of the rising window dated 09/11/04. With the oil & gas (UB07) correcting prices to a lower level, this may be the case. Lets hope for the support at the hammer !







Good Luck All

Eddie

Hi all

Here is the chart for the oil & gas. I think its the sector thats pulling DES down. If you look about mid March, DES looks to be moving up. Then the sector starts to drop.







Good Luck All

Eddie

Cheers Eddie,

http://www.rigzone.com/news/article.asp?a_id=21820

Peak Wins Falklands Oil Exploration Contract
by John Bowker
The Scotsman 4/14/2005
URL: http://www.rigzone.com/news/article.asp?a_id=21820
Peak Group has won a multi-million-pound deal to manage the second oil exploration venture in the Falklands.

The fast-growing business said yesterday it had struck a deal with Desire Petroleum, a fledgling UK explorer that recently raised GBP 25 million in a share placing. Managing director Bob Lyons flew out to the Falklands earlier this week to kick-start the project.

Desire is the first to tackle the Falklands since 1996, when a consortium led by Shell did a series of tests. The area is seen as troublesome because of its remoteness, as well as on-going political issues with Argentina.

However, the high oil price has led to a frenzy of exploration as companies hunt for a strong return. Desire has said it plans to hire a rig from Brazil to start the drilling, which it hopes will uncover more than one billion barrels of oil.

The deal cements the international standing of Peak, which has offices in the US, Dubai and Australia as well as Aberdeen. The firm said more openings were not on the agenda, although the global ambitions of UK companies could dictate a more international strategy.

Ian Burdis, operations director, said Desire's UK base was the key factor behind the deal, which will require the management of at least three drillings. The two firms said that Peak's fee would depend on the number of wells created.

Privately owned Peak made pre-tax profits of GBP 388,000 in 2003, more than double the GBP 169,000 it racked up in 2002. The firm would not comment in detail on its 2004 performance.

Some times when you dont expect things they happen.

Have a good weekend all

Markymar