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

http://www.thisisnorthscotland.co.uk/displayNode.jsp?nodeId=149212&command=displayContent&sourceNode=150624&contentPK=12439698

A little moe free PR today

DESIRE IDENTIFIES OIL TARGETS
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09:00 - 13 May 2005
Desire Petroleum, the Aim-listed oil and gas explorer which focuses on the South Atlantic, said yesterday that it had identified 11 prospects in the North Falkland Basin with a potential of over two billion barrels of recoverable oil.

It said further interpretation of 3D seismic data had yielded a further five prospects, of which three could be tested at drilling locations already identified.

The company added that in addition, "numerous" less well-defined leads had been identified which would require further work before they could be classified as prospects.

Desire is planning a three-well drilling campaign and now all of the wells will have dual objectives. Its shares rose 1.44% yesterday to 35.25p

Hi all

Thanks markymar, fatoldgit

News on money am (XOM) suggest more up side to oil stocks.

Good Luck All

Eddie

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2005/05/15/cndob15.xml&menuId=242&sSheet=/money/2005/05/15/ixcity.html

A little of topic but staying with the Falklands..........

Dobson set to fuel football fortune by floating oil and gas company
By Sylvia Pfeifer (Filed: 15/05/2005)


Harry Dobson, the Scottish mining entrepreneur who last week made around 30m from the sale of his stake in Manchester United, is to make another fortune by floating a small oil and gas company.



Dobson holds a 20 per cent stake in Borders & Southern Petroleum, a small exploration company that aims to float on the Alternative Investment Market by the end of this month. It has already raised just under 10m, giving it an expected market capitalisation of 26m and valuing Dobson's stake at 5.2m.

Dobson, who is the nonexecutive chairman, founded the company last summer with Stephen Posford, a former European chief executive of Salomon Brothers, the investment bank that was taken over by Citigroup, who is a non-executive director. Borders & Southern is led by Howard Obee, an oil industry veteran who worked at BP and BHP Billiton.

One of Scotland's richest people, Dobson is estimated to have amassed some 500m through mining and property ventures. He recently floated Rambler Metals & Mining, a copper and gold venture with assets in Newfoundland.

Obee says his aim is to build Borders into a diversified, international company. "We're trying to build a proper exploration and production company over the next five years. We will have a global portfolio of acreage and are looking for other assets," he said.

The majority of the funds raised will be spent on exploring for oil and gas in the company's only current asset - a 20,000 sq km project in the southern Falkland Islands. The company already has five production licences and is conducting seismic surveys. with drilling expected to start in 2007.

Scott Pickford, an industry consultancy, has estimated that surveys indicate two areas in the field could hold a combined total of more than 600m barrels of recoverable oil and gas reserves.

Good info marky

Nice steady flow of falklands oil news-we await developments later this year with rockhopper and look forward to clues about a rig or drillship for des at the 24 may agm.

good luck all!

Nice start this morning, FOGL has been tipped in the Sunday Telegraph and hopefully the whole Falklands thing will start to get a bit more attention.

Feeling optimistic, let's hope it lasts.

Thanks for the updates Eddie, like the new charts. Can you clarify where you see the tweezer bottom please. If it is above the 2-May area (the two adjacent red candles), you will find that the second is a replica of the data from Friday 29th April that has been reposted because the markets were closed on bank holiday monday (2-May).
I hope you don't mind me raising this issue, because I hate having my analysis messed up due to bad data. Keep up the good work.
Lynnzal

Hi all

Thanks to all for your postings.

lynnzal I must appologise. Yes it was the 2nd of May. I overlooked the bank holiday. I don't mind you mentioning it, I'm glad you spotted it. Thanks !

DES went up slightly today, but closed jus above the open of the day. This gave us a spinning top, which means there is still indecision in the market. The support & resistances are still in place.






Good Luck All

Eddie

like the graph Eddie much better

You may like the graph but it's the price that really matters. I told you a couple of month ago to sell at 69 pence and you scorned me. The price now is 35 pence. Once again I tell you -SELL!!!
This company is going nowhere and has no future. Trust me because I know.

Pro
You continue to ramp AXM which at the moment is like a dying duck in a thunderstorm. With the share performance that AXM has had in the face of your postings, further scorn can only be expected.
Please let us know what you know?

pro

if you wish to be taken seriously why not share your knowledge with us?

i suspect you have no knowledge and as such i await your barage. it would however be nice if i was wrong and for once you could back up your allegations.

marrow

Very tedious Pro. You continue to backslap yourself over your bearish DES call and forget that you told us all to invest in AXM when it was closing at 30p (see below).

pro - 25 Apr'05 - 09:33 - 1138 of 1174

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!

NOTE - AXM closed at 30p on 25 Apr and is currently down 30%
DES closed at 37.75p on 25 Apr and is currently off 4.6%

I think I know where I'd rather have my money

Well said lynnzal, the boys a fool!

Hi all

Looks like we've had a small drop in todays price. The volume was quite low today. We have another high wave candle, which suggests indecision in the market. The price seems to be consoladating around this area. The market may decide soon which direction DES shaould go. The oil & gas sector looks ready to rise, this may help DES along. News of a rig would be good also.





Good Luck All

Eddie

Marky, gonna need your axe soon.
KO needs a good K or even a good KO. awok aka fatoldgit

Your right there awok, a very sad person desperate for attention and always trying to intimidate everyone .I feel if I have a crack at him it just brings the thread down even more. I feel if I stay quiet and recommend other post it annoys him more as he has already pointed out today and he tells us to grow up.

Got to feel sorry for his wife mind you what a life she must have.

Its a pity I do not know where he lives I would send her a sympathy card and him a get well card he`s in a world of his own.

Keep up the hard work on iii

Markymar

I'm trying not to let him get under my skin, but it's quite hard.

I think the more I respond to him the more he likes it.........classic attention seeking. He doesn't seem to be too keen on me, you, Capt G, Ruddyy and a few others.

Never mind.you going to the AGM?

Dont think so,but its in safe hands with Capt going now if KO going i would make a point of meeting him.

But dont tell him where my hiding place is,heeee

Hi all

Not a good day for DES. Crude oil prices set to go lower seems to have affected quite a few in the oil & gas sector. The sector was up but seems to have resistance at the days highs. This could mean DES may see the lower levels mentioned by lynnzal. I hope not though ! The support at about 0.0300p fibonacci is still in place. Todays candle was a high wave candle again, this idicates indecision in the market. (although you wouldn't think so) The open of the day was right at the lower shadow of the hammer, which is a support level down to 0.03200p. The only good thing is DES never closed on the days lows.






Good Luck All

Eddie

Hi Eddie and co supporters like the new style chart.
I don't post often but i do watch daily
and thank you for your efforts and time.
Reality is we are being battered, and there is a reason
for this the aim market is being savaged at present
down 18% in the last couple of months, all good growth stock
has lost double or treble the market average des is only
one of the crowd on the back of a 4 fold increase in the past
year. But you have to have news to keep it going news news news
is what will drive this one, at present we are in the twilight zone
funding in place but nothing to show for it. Rig and drilling
date will start the frenzy again and if you are a supporter as
i am patience will prevail as the upside will be massive.
Can understand fears of newcomers who bought at 50p+
and now think they bought a pup, but those who follow and trust
the data now is fast becoming a buying opportunity - notwithstanding
it could go lower in the near future hope not less than 25p
but being in is better than waiting for the strike as the sp
will go up faster than the day it was announced viagra worked.
Needless to say when we strike oil we won't need viagra.
Leave it there as it could get rude
Hanging one and all
all the best
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