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

I feel your right Capt i have that buzzing feeling.

I feel your right Capt i have that buzzing feeling.

Cheers Eddie/lynnzal. I hear it's pretty hot over Calgary way Capt. at the moment. Nothing like a bit of stampeding to raise the temperature over there even more. I see BP have said today that there wasn't enough oil found last year...news item on 3i and Marky,quick tip for a good night's sleep, so you don't go a wondering...drink 9 bottles of nuki brown instead of 10.lol

Marky....you've got mail

Hi all

Thanks to all the posters, all is looking good !

I have included the 60 day moving average on todays chart instead of the 200 DMA. As you can see DES has gone through the 60 DMA. This is great, DES just needs to keep on the top side & we'll soon go through the 200 DMA. Each MA DES goes through will just bring in more bulls. Thats not to say the bears will have gone completley. Just a small falling window to go through at 0.4150p, DES will be well on the way up. It could be a bit much to think it could be tomorrow, but not impossible ! News of a rig could easily do the trick !






Good Luck All

Eddie

The Peak Group Wins Major Contract for Falklands
The Peak Group 6/14/2005
URL: http://www.rigzone.com/news/article.asp?a_id=23161
The Peak Group has secured a major contract with Desire Petroleum and Rockhopper Exploration for the well design and drilling project management of a planned three well program in the North Falkland Islands basin.

The contract will involve The Peak Group delivering a complete well project management service for Desire. This will include detailed well and test design, tendering and contracting for all services and execution of the drilling program including materials and logistics.

Bob Lyons, managing director of Peak Well Management, The Peak Group's well management division, Desire chairman Dr. Colin Phipps and Desire chief executive officer Dr. Ian Duncan have visited the Falklands to discuss plans for the drilling campaign with the Falklands Islands Government and key local residents.

Mr. Lyons said: "Peak has a major plan of activity this year, including the delivery of approximately 30 wells worldwide, and we are continually looking to expand our activity in the international market. This is an extremely significant contract for us. It is our first opportunity to work with Desire Petroleum plc and our first project in the Falklands Islands.

"The project is taking place in a remote location and requires meticulous planning and execution. Nothing can be left to chance and a safe pair of hands is essential."

Dr. Duncan said: "This campaign is an important investment for Desire. We selected Peak for its proven well delivery process, track record of high performance well construction and its special experience of dealing with the regulatory authorities.

"Peak has the expertise and worldwide experience to deliver this operation in a safe and cost-effective manner. The appointment of The Peak Group, and the visit to the Falklands, continues the progress for the resumption of drilling in the area."


URL: http://www.rigzone.com/news/article.asp?a_id=23161

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

We have a BUY-----Howay the lads----Hoist them sails Capt

Desire on Greywolf aswell reguarding Peake.lol

Anyone notice how british bulls 'buy if' became a long position at 36.25p (13 Jun close) despite having to wait for confirmation at yesterday's (14 Jun)close? I don't knock their automated candlestick chart analysis because it is good. But, their accounting is somewhat dubious...

Next stop 41.5p, then 200-day MA at 43p and significant resistance at 48p.

Ruddy he calls his info from Desire crew------Strange i think Oily knows of him so must have crak with Oily on the sly when get his email off him.

Lord Ruddy thankyou for +++++++ and will get back soon

Now lets me burn Biswell

Hi all

Thanks for the postings.

DES made another small gain today, only slightly less volume today. Todays candle has a little bit of resistance (shadow on top of the candle). The current trend line that is forming is looking good. The candles are now on top of the 60 day moving average, which is only 0.025p away from the top of the falling window. DES could quite easily clear this window in one days trading. The 200 day moving average is at 0.4330p, which isn't so far off either. It might be a bit much to expect DES to go through both of these in one day, but not impossible ! Using sharescope I can see 78 buys, 21 sells, 27 unknown, for todays trading. So it looks like the bears have diminished a little.






Good Luck All

Eddie

Cheers Eddie

Watch a some of the action to day on the trades on level 2and could not under stand why it did not tick up higher today the MMs were under presure all day and Sipptrader thought they were short of stock that why the spread so tight.

If he is wright and the buys come in thursady then i think we will see 40s plus

Oily need that email a must mate

Hi markymar

Could be right. Number of shares out is 219m. 219 x 0.3950 = 86.5. The market capital at the moment is 86.3m.

Kind Regards

Eddie

Emailed you via this site, Marky. Loaded XP yesterday and I cannot get onto Hotmail anymore for my e-mail !!!

Hi Eddie.
Like the chart seems to be going in the right direction.
Just a thought at 45p the issue sold out so the punters
must have assumed that was cheap, so the thirties you would
surmise must be very cheap, i hope so i went very overweight low 30.

Now on a grand a point at 35p ave level not a lot to some but loads to me.
Mad dogs hay - like the blue line at 63p any guess how long be4
we breech that in your opinion, if soon it's safe to say buckle up
the rollercoaster is about to leave the station. Those with a ticket are
about to take the ride of a lifetime.
Hold on tight everyone on board.
Wishing well to all suppoorters, knockers will be slaughtered on site
regards
HUSTLER

Nice presentation on Des's web site.

http://www.desireplc.co.uk/index1.html

Thanks Captguns

Hi HUSTLER

I would say you did right buying in 30s. It's hard to put a time on how soon the higher prices will be reached. For instance we may see a few gap ups on the way.


Good Luck All

Eddie

Thank you Captguns, some familiar pictures but it's nice to see them downloaded quickly and Desire is not shy about showing amplitude anomolies.

Hustler, like Eddie I am expecting a few significant gap up days, particularly when we get confirmation of the rig hire dates. Your timing looks good compared to mine.

Hi all

Well not much volume today, DES has the same closing price as yesterday. This gave us a doji candle for today. The candle may have bearish implications as it has appeared at the top of the new up trend. The candle is indicating uncertinty in the market as to which way to go (a tug of war between the bulls & the bears). The trend line that has been forming is still intact, DES is still above the 60 day moving average. In general DES is still looking good, but the share price could go either way up, down or consolidate. The market may just be taking a breather before moving up. Confirmation is needed, which should be given tomorrow.







Good Luck All

Eddie

Thankyou Eddie,

My way of looking at it the MMs have been under presure for 4 days and must be short of stock now Friday always a good day if the Buys come in them they have to move the price up...4p i say If not will get stung Very soon as i know more than them.


If i was a MM i would watch the boards so if watching and know me i would start to move the price up.

Bring on Calgary