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

super post marky-I'm keeping the faith,am pleased about tranche f but feel pessimistic about rig situation-I predict questions will be asked about when we'll get a rig at the 2006 agm I'm afraid.

But nevertheless,I'm in until the end but have psychologically accepted that I may have to wait until early 2007 before drilling starts-if des can afford a rig that is!

good luck all

aur

We will drill in 2006.

We have the cash in the bank, excellent prospects to target and an available rig (PSA).

There is clearly a game of politics, bluff and double bluff in the background with des/partners/rig owners. However there will be a compromise that gives each party a win win situation, its just that they have not as yet reached that point.

Do not forget that our company has stated it is happy to drill only 3 wells and the sooner the better. It is worthy of note also that the open offer document has a picture on the front cover of a drill bit sinking into the sea bed. This in itself is a clear indicator of the boards intent.

If we do not drill in 2006 our board will have lied and misled us and will give out all the wrong signals to the city and its investors. I for one do not believe the company would do that given that further monies may be required at a later date.

Like you I am down in the mouth with the current situation but with all the fundamentals still intact the good times are only round the corner.

All the best

Marrow

Hi all

No postings on DES today.

My heart goes out to the people killed and their families.

In Sympathy

Eddie

Hi all not been in long,

First of all its terrible what I have listened to on the radio today and my thoughts are with the people and families concerned and any one from that neck of the woods and total utter disgust in those terrorist who have scared so many people and familys for there own gain .

Poppies Forever

Markymar

Hi Mark,Eddie, and fellow supporters
no comment req today as a mark of respect.
It brings it home, life is not all about making a buck.
Fortunate not to have witnessed it today first hand,
the whole country is repulsed and will not stand
for it, we will hunt down and find those responsible.
Hustler

Agree Eddie, Marky and Hustler. Thoughts go out to families and anyone close to those killed and heartfelt wishes for a speedy recovery for all these injured. They have taken a disproportionate toll when the bombs were aimed at us all. It's nice to see that FTSE is up this morning incase the paymasters of the cowardly bombers of the innocents were trying to benefit financially from destabilising the markets as was rumoured after 911.

Thoughts to all involved in yesterday's attrocities from me also guys. Especially to the kid from a neighbouring school of my son's, who's entire school was sent home yesterday due to his father being killed....
It's been a quiet day here in the city (aside from the constant sound of sirens). I can see plenty of empty offices from where I'm sitting and frankly I can't blame anyone for not wanting to turn up here today.

Will post a small update over the weekend if I have the chance.
Regards
Lynnzal

cheers lyynzal

Hi all

Don't know if anyone is in the mood for a chart yet.

Today the bulls moved DES up in a strong move, which looks likley to continue. Thats not to say the bears wont have a go at pushing DES back down. On todays chart I have changed the 200 DMA for support & resistance lines. The line formed at the bottom is the support, this means if the bears do try to push DES back down the bulls should respond at or before this line. If you look at the resistance it has quite a sharp slope, it is unlikley for des to have a problem with this as it will move up each day. So if you look at where the share price is at, then compare it to the resistance line. You can see the gains which could be made. So it looks like DES has good reasons for moving up. DES was 3rd highest gainer in its sector today.






Good Luck All

Eddie

Thanks Eddie I agree totally with what you are saying.

Good to see DES on the up.. did we get wunna them dragonflies on the weekly candle chart? (Eddie will talk us through that, I'm sure). I'd like to see it break former support at 38.5p as it would endorse the impulsive nature of the gains from 33.75p. Topside targets were posted 6 Jul #1507.

From the newswires earlier today-
13:11 RTRS-G8 COMMUNIQUE CALLS FOR SIGNIFICANT INVESTMENT IN OIL EXPLORATION, PRODUCTION, ENERGY INFRASTRUCTURE

Regards all
Lynnzal

Morning all,

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2005/07/10/cnrock10.xml&menuId=242&sSheet=/money/2005/07/10/ixcity.html

Rockhopper aims to raise 30m in float
By Sylvia Pfeifer (Filed: 10/07/2005)


Rockhopper Exploration, an oil and gas company planning to drill in waters off the Falkland Islands, is hoping to raise 30m in a flotation on London's Alternative Investment Market early next month.
The company, chaired by Pierre Jungels, the former chief executive of Enterprise Oil, which was bought by Shell, the oil giant, for 43bn in 2002, will start marketing this week for the flotation. Rockhopper is expected to be valued at around 70m.

Jungels, who joined Rockhopper as executive chairman in January, has hired a number of heavyweight executives, including Chris Walton, the former finance director of easyJet, the low-cost airline.

"It's very exciting," said Jungels. "The key to me is that in today's world, the whole oil industry is back in exploration mode."

Rockhopper has been awarded a number of licences in the North Falkand basin, including some previously owned by Shell. The company has also acquired a stake in a drilling prospect alongside Desire Petroleum, another British oil explorer.

Independent research estimates that Rockhopper's exploration prospects could hold 500m barrels of "risked recoverable" reserves.

Hi all

Thanks Lynnzal, markymar

As you can see DES has started to move up from the lower support line. We need to close above 0.3975p to close the falling window which appeared last Monday. If DES closes above the window we should then expect a continuation. The top of the window is still regarded as resistance. The last couple of candles have shown good strong bullish moves, so there every chance of closing this window.






Good Luck All

Eddie

Hi all

Not going to post another chart, there is one on the board still. DES has now closed the falling window & is looking good for continuation. The 200 day moving average is looking closer again. Lets hope we pass up through it this time. DES was the 6th highest mover in its sector today.


Good Luck All

Eddie

Eddie,

How dare you have the night off on tuesday your a SPIV and i know only 9 of us post on this thread but a lot of silent people watch and feed back from you and Lynnzal.

Keep up the good work there is light in the tunnel even KO watchers your posts and he is an ar** hol* but thank God he does not post on here but he can not put a sentence together

Maybe the silent may just say 1,2,3 4 ect that they watch this thread it maybe not the the no1 thread but we like your thoughts on the graphs and what you think. respect is given and i hope the silent ones just say hello.


Well done Eddie every night and Lynnzal

Hello Marky.
Had a few tonight have you, a few to many it would seem
from your last post, not to worry i also post when w######d.
However after Des statement after hours 2 Fri ago which i
was incenced by, the market didn't react to bad, but on reflection
mid to high 30t'ies shows it was in the price as a rig was not forthcoming
and the market knew it b4 we did, after all we all bought the offer at 45p
thinking it was cheap when the price was 50p plus now we have survived
a meltdown we should look to the future. The board have to send out some
positive news ie rig and drilling date this side of xmas, a waiting game
it was always going to be,we are however leading the race by far in the
north falkland basin. Nearly sold my stake but resisted i still think given
time it will work and be a winner.
Many thanks to you Marky, Eddie, Lynnzall, and others for keeping the thing
going, keep it up if it works, in time it will be a pension beyond belief.
wishing well
HUSTLER

Hi all

Thanks markymar.

I didn't post because the chart was still there from the weekend. Well it took a couple of weeks to correct DES's announcement. So those who felt negative about it should be out. This should give DES a chance to advance on its own merit.

HUSTLER

Hope your heads not to bad today. Glad you stuck with DES, I'm sure you will think this in the not to distant future. As you said the market seem to know things before we do. This was evident if you look at the doji at the top of the chart. The market started to turn before the raising of funds was announced. So if there are some wispers I'm sure we will see this in the charts. The fact that DES has now retested the low of 0.2850p, should mean it's ok to move up.


Good Luck All

Eddie

Hi all

Thanks markymar.

I didn't post because the chart was still there from the weekend. Well it took a couple of weeks to correct DES's announcement. So those who felt negative about it should be out. This should give DES a chance to advance on its own merit.

HUSTLER

Hope your heads not to bad today. Glad you stuck with DES, I'm sure you will think this in the not to distant future. As you said the market seem to know things before we do. This was evident if you look at the doji at the top of the chart. The market started to turn before the raising of funds was announced. So if there are some wispers I'm sure we will see this in the charts. The fact that DES has now retested the low of 0.2850p (0.3375), should mean it's ok to move up.


Good Luck All

Eddie

Hello and thanks to all from "one of the silent ones"

Marrow

Thanks from me too !! Without the efforts of Eddie , Marky , Lynnzal i poss would have sold my stock !
Please keep it going .
Regards Berlingo

I thank you for all the items each day on des.What are your thoughts on bids for desire or merging with say Rockhopper?