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

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

Hi markymar

Yes it looks like a gap up could be on the cards (don't quote me on that). A gap up would get the volume moving more. It would bring in the bears giving the bulls a chance to push the price up further.

Good Luck All

Eddie

http://www.harolddoan.com/modules.php?name=News&file=article&sid=3704

marky

I take it that your post 1392 is in anticipation of rig announcement next week or maybe its the same info that I've been sat on for some time (will share this with you in private at a later date). Anyway onwards and upwards we've waited long enough.

Keep up your tireless work my friend you are a real asset to every board that you post on.

best regards

marrow

Cheers for that Marrow may be something else?

You can email through clicking on my name if want to talk in private

Marky

Marky

Will do but at a later date.

Keep postin

Marrow

http://www.thisismoney.co.uk/investing-and-markets/article.html?in_article_id=401460&in_page_id=3

Full story click on link

Top five buys for HLS investors on Aim currently are Sterling Energy, Neteller, Biofuels, Desire Petroleum and Griffin Mining. Top five sales - Panmure Gordon, Neteller, Regal Petroleum, Rab Capital and Asia Energy.

More like it ! Who shall have the fishy on the hooky