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

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

Hi all

aur, berlingo

Well I suppose everyone is a peed off. When the market gets a bit of bad news it doesn't just react, it over reacts. I'm sure the share price will be back on the move up again. Not sure when mind. Todays opening created a falling window, the top of this window will act as resistance for a little while @ 0.3975p (Fridays close). As we can see DES is sensitive to news good & bad, so lets look forward to some good news next. I suppose the only good news for today is DES didn't close on the low of the day (0.3500p). This is where the bulls started to give support, lets hope we don't slip bellow this. Some good news would put this right in a flash, we must be due some soon.






Good Luck All

Eddie

Hi all and thank you Eddie for your input every night.

I do like this new B&B setup and been going through some of the old posts at the start and we have come a long way since December 03.

I think its good news that Tailsman are out the picture they were only in the picture because they took over Lundin and have never showed much interest since then and now we own a 100% of Tranche F which can only add value to Desires share price if oil is found.

The board as usual playing the whole thing down but a good thing for us not to get carried away with are selfs, I do think we will get news in the near future now that Calgary is out the way you dont take the boys from Robinson Research with you unless you are sitting down with potential farm in partners and just getting to know that Tailsman are out of the picture now just goes to show have far we are down the road.

Pride South Atlantic is still in the picture and the right rig for us to drill with and until she goes else where on contract I do not see a problem with drilling early 2006 I think the board are working on many fronts in the background at the moment and things are changing on a daily bases and we have Peak Group in charge of all that and they are an award winning company and expanding very quickly because they are very good at what they do.

Every bit of news we have had for over a year now has been very positive on every front a part from securing a rig and rigs are available word wide at a price and its just a matter of finding a rig at the best price and am sure the board will do that. I have even been told that some rigs are been moth balled just to keep the prices up so they can charge what the want.

The oil has been down there in the ground for a long time now and a little longer wont matter it gives me time to top up more I have waited a long time and can wait a little longer just remember you had free flowing oil in the shell block you find some you find more hence I know am on to a winner.

Take care

Marky

Thanks all for posts, I didn't think the share price reaction was as bad as it might have been, but there could be a bit more downside I suppose.

Back to waiting and rumours, but as Marky says, the oil is down there (WE hope because thats why we bought the shares) and drilling time might be deferred a little.

Stiff upper lips and all that....we are British!

Thanks markymar & fatoldgit.

Yes we may see some further retracement. But it is probaly better now than nearer to the drill date. It is quite a bold step getting in first with the drilling. All the other companies share prices will be affected at the time of drilling. If we find oil on the first stike they will all shoot up. Any way thats a while off yet. The market may come round to thinking it is better to own 100% of block F than 12.5%. If it does then we may recover quite soon.


Good Luck All

Eddie

The share price can not drop much we have seen the bottom the rest is a buy opportunity and I think Desire should be sitting about 60p at moment and am pulling at every thing to raise funds to buy and will, I never been more sure of anything in my life,,,,,,,,,,,,,, meaning I can sell at 1 to 2 before drill and have my Range Rover but I might change my mind a bit like Desire and to be honest could have Range Rover now.

Thanks Eddie, Markie, and Fattie.
We had the opportunity to dump and salvage our stake today personally i resisted dont know why perhaps greed stopped me.
I am in a daze at present far to close to this stock
don't like the managrment at present as they obviously knew
at the time of fundraising drilling wasn't going to happen in the timeframe
they stated. Hope no more lies, the truth always comes out in time.
I feel i am walking blind without a cane at present.
Hanging in or out don't know
regards
HUSTLER

Thanks for all the input guys. Likewise I am concerned about this latest snippet of info, but I think on balance things still look good.
Technically, I am gonna have to sit down and take a closer look at the chart. I am happy with my longer term count (impulsive rally off the 6.5p lows and corrective decline from 69.75p) and I still believe the corrective low may well have been seen at 28.5p. It's the recovery since then that I need to review. Here's my current thinking....
Minor wave 1 off 28.5p could have terminated at 32p, with minor 2 basing at 30.5p. Then minor three lead us up to 37.25 before minor wave four developed at triangle pattern (base at 34p ) before minor five topped at 45.25p. (I hope you are all following me here). Therefore, we are actually now in a minor corrective phase (a,b,c) lower. Minor 'a' was from 45.25p to 38.5p. Minor 'b' was the recovery back to 41.25p and we are now in the final throws of the correction 'c'.
If this is correct, then 'c' may terminate at 34.5p (which would be equality in size to minor wave 'a'). Although there is risk of 'c' extending towards 30p.
This revised count would account for the unacceptable overlap of the decline from 45.25p through supports at 37.25p (36.25p on closing basis). I will 'do da math' to make sure that this version fits appropriately and update once complete. If correct, then the good news is that we will be soon starting the third wave (up) which is nearly always the most powerful!
Regards
Lynnzal.