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

Not really (AWOK), They would need more seismic data to drill again.
The same applies to Rockhopper IMHO etc.

In the future then yes. (Late 2006)
But given the time frame of early 2006 by DES and the extra logistics involved I'd only give it a 2% chance.

Thanks Capt......I'm a dreamer.......but to own DES you need to be I suppose.

Still the more prospectors the better!!!!

Lots of interest now in the Falklands,but it is Desire who will lead the assault,assisted by Rockhopper.

Despite the optimism from other explorers it will still be years,in some cases, before drilling. Des has the best prospects as the situation stands at the moment,and des who will drill and hopefully,discover hydrocarbons first.

What a lovely morning, sunny here in London and not a single sale of Des yet amongst all the buying. Maybe the market has finally woken up to the fact that a lot of companies are preparing positions in the waters around the Falklands but only Desire can do anything soon.

Hi Lucky,

Thanks for mail,38p as i speak and i think we may soon be up in the 40s soon as far to cheap and undervalued this share is.AWOK :}

Hi All
Nice looking staircase forming.Lets hope it goes all the way up for the rest of today. Come on DES , keep on climbing.
Regards
Berlingo

If DES can go up 8% on comments from the Argos chairman about an un-named oil company drilling early next year (obviously DES!)one can only guess at the potential rise when a rig is announced! And then when the drill bit goes in...?
Even if DES drifts down after today its been a very nice taster of things to come. On days like this 70p doesn't seem that far away after all! Time left to get in at these low levels is running out rapidly.

FAO, Lynnzal

http://www.falklands.gov.fk/dmr/legislation.htm

Thanks Capt, lots of very interesting and useful information. Your knowledge is greatly appreciated.

Hi Marky........yes this is too cheap, managed to pick up a few cheapies recently but cash restraints prohibit further purchases just at the moment. Considering selling some biotechs I've got that have done quite well and re-investing.

I just get a bit worried about eggs and baskets arguments.......it doesn't seem to worry JPDM though...I see he's still at it!

And he's found out about spread betting...I've got some June DES some SEP Des and some DEC DES so I have some more exposure but you have to know what you are doing with spread betting.

I bought myself a JAG with one months profits two years ago and haven't really made a penny since ...in fact I have dribbled a few grand away and subsequently found out that the car drinks more than I do...and that's quite a lot, so I almost regret buying it now.

On the drinking front, I bet I can't keep up with the Capt. though. I thought I was an old pro but I just have this suspicion that in a match I would be under the table first.

Do you ever get down to the smoke? Let me know if you are coming and perhaps we can get Capt. Ruuddy and a few others of like mind out for a session.

AWOK, fatoldgit

Awok it would be great to all meet up sometime i know Eddie was up for the party but we all live diffrent parts of Uk am Newcastle way and Capt is in Kent, Ruddy live in Cookoo land and is locked up now again because he is a thug and pinchers Easter Eggs off the Kids.

Spread betting been meaning to look in to that dont fully understand it but you could gives the crack about it if you get time.I read the post on iii about spread betting today.

Any way good to see blue sky today and waiting for that lazy g** Eddie to post his charts up.Eddie i lost all contacts in outlook when had to re-install so send me so post.

Hiya Marky, fatoldgit...I can't call you fatoldgit,they'll lock me up again. I think that willy might have had a bit of viagra today marky.ha ha. Awok, a session in the smoke sounds good to me...am sure it can be arranged one day. Quick question, has any body else had problems with ad_fn today? and Marky that hoodie is just perfect for those half-hinched easter eggs!!

Hi all

Thanks for all the great updates.

DES made great ground today, higher volume, mostly buys. A little bit of resistance or cuation towards the end of the session. DES is in a great position now the 20 day moving average & the 10 day moving average have passed through the falling resistance line. The 10 day moving average & 20 DMA both climbing & look like they may cross soon (10 DMA on top). The falling resistance is now at about 0.3280p. DES is clear of the resistance line (but not out of the woods completley). The 200 DMA is at 0.4320p, with a small falling window just before it, these may cause a bit of resistance \ consolidation before moving through it. When DES moves through the 200 DMA this will add fuel to the fire.





Good Luck All

Eddie

Thanks all, Getting interesting here I think...I am a dreamer but one of these days someone big in the oil front is gonna join in ....we could use that vote of confidence. The phrase that comes to mind is "critical mass"...the best thing is that DES go first so in my view all the investors in FOGL, Borders and Southerns, Argos and Rockhopper (if it floats) might want a bit of DES as well.

Ruuddy...had trouble with AD-FN myself but haven't checked on this session...I've been sticking a couple of botts of Tesco cheap white down my gregory as its a lovely evening. Next year it will be wine of a better quality.

Just noticed that oil has dumped a dollar in New York but above $50 who cares?

I've just realised that I used to know one of the directors of Border and Southerns. We weren't best of mates but I may contact him to see what he thinks.

Ruuddy, I don't need too much of an excuse for a drinking session but I don't know where cookoo land is...Could it be near the local looneybin?

Marky, I've been spread betting for 15 years...about when it started. I'll give a whizz on it in the next few days..It is dangerous but if you like to have a spin at the wheel of fortune it is a cheap way in and no tax.

The oldfatgit aka awok

Hi all,

Awok what made you think of that name let a lone fatoldgit and yes get in touch with that freind of yours as they all seem to know each other over there.

AD.F been down most of the day Ruddy i put the Spive girls up and wor lass in a toon top but only i no what she looks like with out the top on.

This spread betting i would love to here more as the down side after reading iii is little in Desire 15p if all went wrong no rig ect, ect but the upside is huge at 200 a point, i could quiet fancy going 500 a point if it drops near 30p again and been looking at spreadex.com.
Awok how much of a gamble you think it is for Desire?

We both know before drilling lets say the share price will be 1 + and that is me thinking the worst price possible so some big money at 500 a point can be made or am i wrong?

Eddie cheers for mail and graph and it does still look like a willie been on brown ale ,or could be the beared ladys Ruddy with wiskers on it.

There you go Marky, viagrafication setting in I think...cheers Eddie. Awok the loonie bin wants me but its full up here in Harrogate...I think its something to do with the water...but seriously they've shut them alldown up here...they're all on the streets having fun. I hear they havn't shut them down up Newcastle way though...mentioning no names.lol

Ha ha, just read your post Marky... you can see typing is not one my better fortes The wor lass, I don't think I need to see anymore...as ZZ probably hears a lot; two scoops please and can you put a flake in please.lol

Hi all

DES gets a mention in shares mag. 5 day gainers.

Good Luck All

Eddie

Hi all, it's good to see the recent recovery in DES getting everyone in good spirits.
I too have been interested in the spread betting for DES and wondered if anyone had a view about CFD's? As I understand they offer tax benefits and can be open ended with regards to settlement dates.
Back to DES, I'd really love to see a break above that 200-day MA that Eddie is talking about. There are various resistances around that area and it would do a lot towards improving the overall picture.
Lynnzal

Argos plans North Falkland 3D seismic survey


By OGJ editors

HOUSTON, June 8 -- Argos Resources Ltd. will shoot a marine 3D seismic survey next year on North Falkland basin acreage under an exploration license extended until November 2006 by the Falkland Island government.

The survey will cover structural and stratigraphic prospects not tested in a 1998 drilling program in the Tranche A area north of the Falklands.

A drilling campaign with a minimum of three wells is scheduled to begin early next year on Tranche A, in which Argos holds a 100% interest.

http://ogj.pennnet.com/articles/article_display.cfm?Section=ONART&C=ExplD&ARTICLE_ID=229572&p=7