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

Hi all

Thanks Lynnzal, The chart looks great !

Kind Regards

Eddie

Lynnzal, Eddie thank for the charting stuff quite fascinating.

My thanks too, to Eddie and Lynnzal....very useful stuff.

Today is the first of July, and if my detailed calculations are correct, I believe that in six months time it will be the 1st January, 2006!

I think that the next six months are going to be absolutely fascinating for the Desire share price.

Despite the fact that a rig has not yet been announced, I have no real reason to believe that drilling will be delayed either (in fact some rumours suggest news is due quite soon). So in the said six months, we might well have a rig on site preparing to spud.

There has been a lot of comment about what price the shares will be as the drill bit enters the bottom of the sea. I prefer to remain more cautious than some and think that something around 1 looks possible. That will ascribe a value of 200+ million to Des, which is asking quite a lot. However, I am prepared to acknowledge that should the right conditions apply (eg higher oil price, crazy journalists, thin markets due to Xmas etc.) the price could be higher.

Two other factors interest me

1. Who will have the guts to be short as the drill goes in...not many I think.

2. A lot of investors and bb posters have plans to sell a piece of their holding to take a profit and get a free ride.....will they actually do it or will greed get the better of them? I think there will be some considerable reductions in stake size in the weeks before drilling but most of this will hopefully be taken up by Johnny-come-latelys.

So all in all a fun ride for a few months with the prospect of a steadily rising share price....roll on Xmas.

Hi all

Here is another chart showing support & resistance levels. I did post it last night but it had gone mad by the morning. DES is sitting on the support at the moment. We have a doji on the intraday, but this may change.






Good Luck All

Eddie

Hi Eddie
Doing well , thanks. Being patient cos our time will come. Volume a bit low today , lets hope we get more after lunch !
Kind Regards
Berlingo

Hi berlingo

It looks like we may get a flat liner( four price doji). This is where the open , high, low & close are all the same. It was a four price doji just before the recent move up.

Kind Regards

Eddie

Now that I have sorted the chart problem I can point out the features more easily. As a quick recap from the chart I have annotated (below), we can see that the primary wave one topped in Jan 2005 and primary wave 2 appears to have terminated at the end of May, after the intermediate a,b,c lower. We are currently staging a minor five wave advance and it looks that minor wave 4 ended at 38.5p. Minor wave five should 'most likely' extend to the 48.5p area, which in turn will comlete the intermediate wave one off the 28.5p low.....

In anycase, consolidation above 37.25p is a good sign that the next move is up!
Enjoy the weekend all.
Lynnzal

Thanks Eddie . Nice chart Lynnzal .
Berlingo

Hi all

Thanks Lynnzal.

berlingo you can go out now.

fatoldgit not wine over the weekend.

markymar sure your on the brown ale already.

I'll not bother with a chart.

Good Luck All

Eddie


Desire Petroleum PLC
01 July 2005


Desire Petroleum plc

Production Licence

The Board of Desire Petroleum plc (Desire) are pleased to announce that the
Governor of the Falkland Islands has approved the assignment of production
licence PL005 from Talisman Energy Sweden AB to Desire effective from 25th
November 2005, which is the end of the first exploration period of the licence.

PL005 comprises of Blocks 14/24 and 14/25 (1599 km2) which are the remaining
blocks on Tranche F in the North Falkland Basin. All of the work commitments for
the first exploration period have been fulfilled. The second exploration phase,
beginning 25th November 2005, requires the drilling of one well and, as of that
date, Desire will hold 100% of Tranche F and become the Operator.

Dr Ian Duncan, CEO of Desire, commented: 'We are very pleased to have acquired
100% of Tranche F, which lies immediately south of the Liz and Beth prospects in
Tranche C, both of which may be drilled as part of Desire's three-well drilling
programme.
The current, world-wide rig market is very tight as a response to current high
oil prices and we have not, as yet, been able to acquire a suitable rig for the
three-well programme.
However , essential work for the programme is progressing well in preparation
for drilling in 2006.'

Contacts: Dr Ian Duncan 01684 892242
Mr Stephen Phipps 020 7409 2138




This information is provided by RNS
The company news service from the London Stock Exchange

No worries eddie,

Plenty of wine booked in...small delay for DES no problem ...bit of a winner on the nags today.....there's always something to be happy about.

Why does DES issue aRNS at 5.30 pm on a friday after markets close, no possibility of any spike in SP.

spike, lucky if this is at 30p come end of monday. i say it, unfortunately i own about 100k of these, so looking at losing 10k or so monday. why don't they just pay the going rate and stop f**king about. I apologise for my language but i am really pi**ed off

So we get some unnecessary negative news about Desire just days? before Rockhopper enters it's fundraising stage - hmm. It could be a porely timed admission that we have a much longer wait than 6 months for drilling or a ploy to keep the price down, I assume the former but could change my mind to the latter if any stake building occurs over the next couple of months. Will be watching this closely while trying to stay afloat in the South Atlantic.

All the time, however, both Desire and Rockhopper are increasing the number of blocks they control in the NFB, they certainly are bullish about it's prospects.

Luckyswimmer

The Pride South Alantic is still in the picture she has not gone else where untill she does i have no worries.We have Peak Group sorting this for us and they have some clout.

I dont know many Desire shareholders who have spare money to buy more shares they have them coming out of there ears already, i think that says it all.


http://media.corporate-ir.net/media_files/irol/72/72166/pdf/fleetstatus_070105.pdf

Hi all

There will always be 2 ways of looking at something. We never knew if Talisman were in the picture anyway. Des has not ruled out farm in partners. I read an artcle on FOGL which said that they were in negotiations with some of the biggest oil companies in the world. The time scale for the negotiations was expected to be between 6-9 months. I see no reason why DES would announce any negotiations, as if they failed this would have a more negative effect. DES is much further on in its project than any other in the Falklands. Even if DES doesn't get any oil major interested. We still have everything we had before, money to drill three wells & more wells to go at. For the share holders who are still in at the time of drilling. This will mean not having to give up 50% of the oil (if the drill is successful). If the drill fails we will still be in the same boat even if a major were involved, (the share price will drop dramaticly). DES will in November have 100% interest in tranch F. So have we lost anything with Talisman, or should we see it as a gain of 2 wells ?


Good Luck All

Eddie

Hi Ian
I have supported Des for about 4 years now
but have been growing more concerned recently
that the rig is not in place.

Now the board have the cash you have to question
the weight behind some of thier press releases,
in light of the latest release, 5.30 on a friday allowing everyone to stew
over the weekend.
The oil will still be there if you believe. But how long do we have to wait.
We will probably get slaughtered on Monday
at the opening and we will all suffer the same as you.
I hope this isnt just another hype stock we are going to
get stuffed by. I do however still believe it will come good in time.
But at present the board worry me, after all they have plenty
of cash to pay there high wages and expences for a very long time.
Assuming the price doesn't colapse and the Vultures start
to circle overhead, could this be the reason the majors were not
interested, lots of questions now to be answered.
The board will have to act quick to calm investors nerves,
unless infact there is a more sinister reason to shatter confidence.
Not looking forward to Monday, and as you Angry is an understatment.
regards
HUSTLER

very quite here..........

Hi all
Wots going on with the bulletin board ? Didnt know about the changes . Thought everyone had bailed out after friday RNS at 5.30 !! I cant access the BB thread via the DES web. Last posting i had was Luckswimmers last Fri at 22.07?
Anyway glad you`re all still here. I`m not going anywhere.
Dare i ask , Eddie , but what do the charts tell us tonight ?
Regards Berlingo

Aah , just found out there is a prob with accessing threads through Stockwatch.
Hopefully MoneyAM will get it sorted.
Regards
Berlingo