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

Nice one Markymar and thanks Eddie for the daily charts! Here`s hoping.
Regards Berlingo

http://www.britishbulls.com/StockPage.asp?CompanyTicker=DES&MarketTicker=RESOURCES&Typ=S

Buy-If now

Hi all

No great gain today, considering the oil & gas sector went down, any gain is good. The open 0.3850p, high 0.3900p, low 0.3850p, close 0.3900p, combined volume 546.0 K. Neither the support or resistance have been broken. DES made its gains in the morning & was able to close on the high of the day. This means the bulls were in control all day. The volume was lower than the past few days with less selling. What we need now is much greater volume buys to send DES through the resistance (0.4150p). The news on moneyam is there is NOT an oil crisis & the current levels are well balanced. This could mean DES may consolidate between the support & resistance for a while.






Good Luck All

Eddie

Cheers Eddie

The end of oil is closer than you think
April 21: Oil production could peak next year, reports John Vidal. Just kiss your lifestyle goodbye



http://www.guardian.co.uk/oil/story/0,11319,1464119,00.html#article_continue

Evening all
Interesting RNS today. A mate of mine works at Cantor Fitzgerald in Canary Wharf. I`ll ask if he can speak to any one about this . Its a massive group , i know , but he is high up and should have good contacts in Europe. The head of the group does not mess about , i know , so might have purchased in anticipation of some news/deal!
Regards Berlingo

Hi all

Thanks markymar, berlingo & all

The support was tested & held at 0.3750p agian today. The news about Cantor Fitzgerald should build confidence. The US indices look to going strong at the moment. Lets hope they finnish high, as this should give the UK a boost for tomorrow. DES open 0.3900p, high 0.3900p, low 0.3750p, close 0.3825p, combined volume 384.0 K. Quite low volume again. Could be somthing brewing ahead of the annual report next Tuesday. All being well DES should go up again tomorrw.






Good Luck All

Eddie

Good news and they got them at a bargin.

RNS Number:3835L Desire Petroleum PLC 21 April 2005


Desire Petroleum plc
("Desire" or "the Company")
Holding in Company


Desire was informed today that Cantor Fitzgerald Europe has an interest in and is the registered holder of 7,116,576 ordinary shares in Desire, representing 3.26% of the issue shared capital of the Company

Lets hope the Cantor news provides the catalyst that the charts need to get us above the 41.5p level (gap) that eddie has been talking about. A close at today's highs would give us a nice 'hammer' reversal candlestick on the weekly plot. Further strength through 48p would be even move encouraging for a number of technical reasons and would suggest an imminent re-test of this years highs.
Hats off to all those that managed to buy mid 30's! Have a good weekend all.

Hi all

berlingo did you take your mate out for a pint?

Looks like we have our hammer on the weekly chart lynnzal.

Neither support or resistance have been broken today, DES has managed to regain 4.58% since yesterday. There is speculation that there could still be an oil shortage, this should help DES. DES was the fourth highest mover in the oil & gas sector today. The open 0.3850, high 0.400p, low 0.3850p, close 0.4000p, combined volume 709.0 K. Next Tuesday is the annual report, lets see what next week brings.






Good Luck All

Eddie

It will be interesting to see how many Kms. they shoot for 2 million.

Borders&Southern awarded first licence
http://www.bordersandsouthern.com/newsdetail.asp?news_ID=6193
20/10/2004
The Company was awarded its first exploration acreage, located south of the Falkland Islands, in October 2004.

In March 2005 the Company raised 1.99 million through a private placement in order to undertake a 2D seismic programme in its Falkland Islands acreage.

Preliminary results for the year ended 31 December 2004

Following the successful Share Placing and Open Offer, details of which were
sent to shareholders on 14 February 2005, conducted by Seymour Pierce Ltd, the
Company's Nominated Advisor and Broker, the Company is now preparing to resume
drilling in the North Falkland Basin. The Share Placing and Open Offer was
substantially over- subscribed and all 55,890,656 new shares were taken up. The
new monies raised are not reflected in the Accounts for the year ended 31
December 2004, as they were raised post this date, and the Company now has,
therefore, a much stronger balance sheet than that shown in these Results.

As has been announced, Rockhopper Exploration Limited has agreed to farm-in for
up to a 15% working interest in Tranches C and D by paying up to 30% of the
costs of the proposed three-well drilling programme.

Given the importance and complexity of operating a drilling programme in the
North Falkland Basin, it was further announced that Dr. Ian Duncan, already a
non-executive director of the Company, had been made full-time Chief Executive
and that Peak Well Management had been appointed to manage the drilling
programme on the Company's behalf. Dr. Duncan and I, together with Robert Lyons,
the Managing Director of Peak Well Management, have recently returned from a
visit to the Falklands to initiate the drilling programme. There are many legal,
operational and logistical factors to cover before drilling can commence and
these will take from six to eight months to put in place. I am pleased to report
that we continue to receive the fullest help and support from the Falkland
Island Authorities and from their advisor, the British Geological Survey.

In my Chairman's letter accompanying the Placing and Open Offer, I indicated
that the Company had put out invitations to tender for a rig contract to drill
the three-well programme, and that, because of the high, current oil prices, the
rig market had become very tight. This has been borne out by the response to the
tender invitations. However, a number of the responses are now the subject of
discussion and negotiation and your Board remains hopeful that drilling will
re-commence in late 2005 or early 2006; shareholders will be kept informed of
progress. The most important consideration will be not just the availability but
also the suitability of the rig eventually contracted.

Although Dr. Duncan is the first full-time employee of Desire, it is not your
Board's intention to build up staff but, wherever possible, to outsource our
requirements and maintain as low an overhead as possible. However, it has become
clear that Dr. Duncan will need increased specialist support at Board level and
the composition of the Board has been reorganised to reflect this. Dr. John
Martin, Dr. David Quick and Ian Forrest will be retiring from the Board at the
Annual General Meeting on 24 May 2005. All three have given valuable service to
the Company and I would like to thank them sincerely on behalf of all
shareholders. As of 1 May 2005, Lewis Clifton, OBE and Andrew Windham will be
joining the Board. Lewis Clifton is a resident of the Falkland Islands and will
be playing an essential role both before and during the drilling programme, he
was a member of the Board prior to the Company's merger with Gaelic Resources
plc. Andrew Windham is a lawyer with considerable experience of all aspects of
oil-company activity and already acts as a consultant to the Company. I would
like to extend a warm welcome to both of them.

As a result of the appointment of Dr. Ian Duncan as Chief Executive, and of the
other Board changes, Stephen Phipps will become Chairman of the Audit Committee
and Andrew Windham will become Chairman of the Remuneration Committee.

Since the acquisition of the 3-D seismic survey in 2004, the Company has made
steady progress towards the resumption of drilling in the North Falkland Basin.
The 3-D seismic has had a major impact on the elucidation of the geology of the
Basin and continuing work on its interpretation is revealing additional drilling
targets which can be added to the Company's prospect inventory. The Company is
now entering a very important phase of its development and, given that we have
no staff, I shall be relying very heavily on the input of my colleagues on the
Board. As in previous years, it is the intention of the Remuneration Committee
to recognise this input by allocating share options. I would like to thank all
Board members for their continuing support in the Company's progress.

Could you please refer to postings 608 and 610.
Those who took the well-placed advice will be delighted at having done so. Those who did not and wish that they had done so can recoup their loss by trading in now and buying into Alexander Mining.
Incidentally, I'm not called Pro for nothing!

Thanks for the insight Pro. How is your share of the year (KMR) doing since you bought at 23p? Perhaps you could tell us all where you think DES is headed to now.

My share of the year is called Alexander Mining.
Two previous shares held were African Diamonds (bought at 63 and sold at 77 pence) and Kenmare (bought at 23 and sold at 28 pence).
I only deal in winners. AXM is a winner waiting to happen.
As for DES, well I wouldn't slate it to the degree that I did back in February (it is on record that I said it was worth no more than 45 pence at that time) but I'd need more encouraging company news before becoming interseted in it as a punt. at the moment I'd say it is no longer as bad a share as it was earlier in the year. Five out of ten -no more- and I need at least a 9 before buying anything. Take a look at AXM.

Hi all

Looks like DES had a lot of selling preasure today. The open 0.4025p, High 0.4025p, low 0.3450p, close 0.3775p, combined volume 2.275m. The support is still intact. The long shadow at the bottom of todays candle is where the bulls have responded, keeping the support above 0.3750p. So were still at a crucial point regards support & resistance. Lets see what tomorrw brings.






Good Luck All

Eddie

Thanks Eddie. No news from Cantors yet but will post when i get any feedback.

Hi Pro
African Diamonds you say 22% gain, what was the spread, costs,
and time frame, 10 - 15% return NETT at best - probably din't beat the market.
the same goes for Kenmare. If thats Profesional keep it to yourself
you must need the work.
As for Desire most of us on this thread believe thier is a future
granted the new issue price now sucks and we may have been sold down the river
at the price but what if they do find the pot of gold at the end of the rainbow
can you honestly tip anything better. I don't think so - remember this is a
100/1 shot so don't put the rent on it but just think of the return if it
does come in. Pocket money becomes your pension. Buy now not to miss out.
Or rest your case.

regards HUSTLER

I'm a pro and don't sink my money into "if"s and "pots of gold at the end of rainbow"s
Watch Alexander Mining -if you're daft enough not to be able to see the opportunity and buy the shares now -but don't say you weren't told!!

Hi all

Des has broken the support area today (0.3750p) unfortunatly. This means the market may drive DES lower. The open 0.3775p, high 0.3775p, low 0.3550p, close 0.3650p, combined volume 1.031m. Oh well not all doom & gloom, DES has good 3D survey & the capital to drill 3 wells.







Good Luck All

Eddie