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 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
HUSTLER

Hi all

Thanks Hustler, very well put.

Good Luck All

Eddie

DES features in Shares Magazine "get your shorts on" (selling shares you don't own. 18 ideas for plays).

Weren't they recommending a buy for DES a couple of weeks back????

lynnzal
Personally I don't bother buying the Shares Mag anymore. Their tips have only ever lost me money (PCI, DEMG, POL etc).
Could be quite an encouraging sign if they are saying short DES! Reckless advice in my opinion.

Hi all

Just a small move up today. The market is still indecisive. Volume was slightly lower than yesterday. The market seems to be rejecting the days higher prices. This is shown by the shadows on top of the body of the candles. The support & resistances are still as before. The oil & gas sector also moved up slightly, but also has a high wave candle.






Good Luck All

Eddie

Thank you Eddie,

Out of intrest FOGL results are out and the highlights are...........

RNS Number:5538M Falkland Oil and Gas Limited 20 May 2005

Friday 20th May 2005

Falkland Oil and Gas Limited ("FOGL" or "the Company")

Preliminary unaudited results for the period ended 31 March 2005

FOGL is an oil and gas exploration company operating in the undrilled South and East Falkland Basins, potentially a new petroleum province in the South Atlantic. Formed in May 2004, these are FOGL's maiden results following its admission to AIM in October 2004.

Highlights


DURING THE PERIOD FOGL:

extended its licence area by 50,000 sq km through the award of a 100%
owned licence


completed a 9,450km 2D seismic survey, well in excess of the IPO
plan; the results of the survey far exceeded expectations by identifying 130
leads


strengthened the management team with the appointment of a second non-executive director and a full time exploration manager

FURTHER WORK IS PLANNED TO DEFINE UP TO 20 DRILLABLE PROSPECTS BY
mid-2006


CURRENT CASH POSITION OF #11 MILLION; THE COMPANY IS DEBT FREE

FOGL IS EVALUATING ITS FUNDING REQUIREMENTS AND THE SOURCE OF FUNDS for the increased exploration programme

FOGL IS TARGETING DRILLING OF THE FIRST EXPLORATION WELL IN 2007
John Armstrong, Executive Chairman of FOGL, said:

"We have made remarkable progress since last year's IPO. The results of the seismic survey are encouraging and have upgraded the licences by providing direct evidence of the presence of hydrocarbons.

"We are now planning a much enlarged exploration programme with the aim of developing a multi-well drilling plan in 2006, with the possibility of drilling the first exploration well in 2007. In this light, we are evaluating our funding requirements and the source of funds for the increased exploration programme. This includes the option of including another party or parties in the project across some or all of the licence acreage.

"This is the most exciting project I've been involved in for some years and there is a real chance that the Falkland Islands will become a new petroleum province."

Thought i would post JP post from last night as you would think he has a crystal ball in front of him and i know Eddie does not go to iii.

Ladies and Gentlemen,

You have here a VERY bullish JPDM!

Firstly, and again, my personal thanks to Oil Brat for the absolutely brilliant posting, I think the recommendations alone quantify this.

I last posted PX targets around the end of April when looking at the Px model I was expecting a trading range of 34p - 38p, I think that was pretty much the case and I did do a fair amount of buying and selling (999's and 888's) and picked up a few extra 's of profit on the way.

More recently we have had some major influences to the AIM oil sector culminating in Regals rather poor performance which has sent ripples that have affected Desire and our cousin FOGL. Important to note that Desire stood up pretty well to this as the current 'less enthusiastic' sentiment regarding Oil Explorers has already been factored into Desires share PX.

Basically, the markets are now focusing on giving value to shares that actually come up with the goods rather than pricing stocks ahead of potential success. PET, PCI, RPT have all been a factor in this as the success of Cairn becomes distant news.

We have now a share price that IMHO FULLY includes this market sentiment. What we have to realise with Desire is that their recent past experience in promises have been true and if anything underestimated. In my view, Desire is therefore trading at a discount to its true fair value compared to its peers in the sector. RIPE PICKINGS FOR THE GALANT INVESTOR me thinks!!!

Take a really good look at the content of Oil Brats Posting, think about what has been acheived so far and the future potential. THE FUTURE POTENTIAL HAS NOT CHANGED! all that has changed is the SHORT TERM market sentiment. There IS oil in those rocks around the Falklands and it WILL be found.

We await a rig to be booked and it may take time to secure the safety regs but it will happen, Desire are sitting on 25M of Cash, hell, they could even make a profit just by having this money in the bank!!!

You really must go to the www.falklands-oil.com website and read the facts and then it all becomes very clear! Its not just Desire and FOGL n co who believe there is oil down there, the British Geological Society have commented that Desires acreage sits bang on top of the second most oil rich rocks on this planet. WOW.!

PCI, PET, RPT all make wild predictions but Desire are calm and cool headed about what they see in them there rocks. I trust Desire 100% on their integity.

A rig will get booked but it may take time. I believe the market reaction on Desire is posed to change for the better and I see the PX moving up ahead of the AGM.

A dangerous time to give PX Targets but here I go:-

Up to AGM, bottom fish if you get the chance in the low 30's but I believe this opportunity is nearly over. Gentle trend (initially volatile) into upper 30's with slight upper peak ahead of AGM say 38p - 39p (Maybe agood time to take a little profit if you have been bottom fishing in the low 30's)

Beyond this its truely difficult to give mid term PX targets as once the rig is announced the price will rise substantially. What I can say IMHO is that the recent negative sentiment is IMHO fully priced in and we should now be on a general upward trend.

Once rig announced then again I'm of the opinion that the price will rise over a 3 day period to around 60p (I've built in a slight discount here to account for the recent negative sentiment in the sector and also based on an easing of the oil price)

Once Drilling commences then I still expect aprice dramatically rising up to 2.50+

A successful hit could give aPX anything up to 10 (thats the potential)!!!!

Basically rather than a relatively steady rise from now to drilling the market is awaiting results so the curve between now and drilling will be steeper.

Hope above is of help, thought provoking and stimulating, again, I'm very bullish about this stock indeed and am fully topped up with well into a six figure holdi

Hi all

Thanks markymar (JPDM)

A bit better trading today. At first I thought the rise was due to FOGL's announcement. But looking at the share price, it wasn't. FOGL went down & so did the oil & gas sector. It would appear DES went up on its own merrit. There is a small falling window which DES has to go through, between 0.3400p - 0.3500p. Todays candle has stopped at the resistance of the window without any upper shasow. So all being well, DES should pass through this resistance on Monday. DES may have become more favoured than FOGL, as FOGL isn't going to drill untill 2007.







Good Luck All

Eddie

Thanks Eddie.
Interesting that mark up at the end of the day. We shall see on Monday if any news.
I`m off to Spain for a week , to warm up my bones , in what could be a big week for DES what with the AGM . Anyone know if they have internet cafes in Benidorm?? Yes Benidorm ?? Marky , u well informed ?
Regards
Berlingo

hi berlingo
have a good hol
plenty of cafe's in beni drink coffee or rum or both
and dont fret last thing on your mind should be des
knowing your style it won't matter what the sp is
short term the song remains the same
the action starts next year
and the sp will be higher a lot higher than
at present.
happy holls
HUSTLER

Thanks Hustler.You`re right.Wait for the real action to start.
All the best
Berlingo

Hi berlingo

Have a great time !

Is it 1 week or 2 your away ?

DES is good & will move back up.

Enjoy your hols


Kind Regards

Eddie

Morning all, good hols Berlingo.

Marky, had some friends round last night and only just found Capt at his best on another board. He says what he means doesn't he. HEE HEE