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

Having problems posting the link, so go to the address below then select World Business from the menu on the left

"http://www.thebusinessonline.com"

luckyswimmer-thanks for that-interesting article,yet once again,falklands is not mentioned as a possible new frontier.

let's hope that the rockhopper float will raise our profile a bit.

....interesting about sterling giving up 70%.

worth remembering that des has 85% of its interests still in tranches c and d not to mention 100% in tranches i,l and now f.

No success is guaranteed in any upcoming drilling,but if there is a conclusive result then the upside for the share price is quite considerable,to put it very mildly.

POtentially,we could be looking at nothing less than the most explosive stock performance of the decade.

Those still in Aur will fully agree with your last post.
One of the last frontiers to be exploited and
we all hope Des will win the race.
If and remember it's still a big If we strike the
volume as predicted by the board, we can all calculate
in our own way the value of the company which
is potentially mindblowing. However if we don't find oil or gas
we will be Hero to Zero overnight.
The upside before this, is the date we are going to drill
and we need this quick to rebuild momentum.
The market makers will have a field day and it will not for
the faint hearted. As some others, my head is ruling my
heart,but staying in for the ride.
All the best to all posters.
HUSTLER

Hi all

Thanks to all for the updates.

It looked like DES was going to close down today, but it seems like the bulls were waiting to buy DES at the lower price. There was quite low volume which could mean the bears aren't over doing the selling either. Although DES only moved up slightly, it is still a sign the bulls are still about. DES managed to stay above the falling resistance line, which should now become support. The 200 day moving average has moved up slightly also. The last few candles are showing indecision, I don't think this will continue for long. The fact that DES is now above the falling resistance gives me rason to think DES is intending to move up.





Good Luck All

Eddie

Cheers Eddie

Thanks Eddie.
Most oil growth stocks were up today,
and Des still moved up against an early fall.
Hope news of a rig is not far away.
All the best
HUSTLER

What's the problem with adding links on this thread Markymar?

FYI News of another farm-in deal.

LONDON (AFX) - Premier Oil PLC said that it has added a UK well to its near
term drilling programme through a farmout of its North Sea licence P1048 to
Oilexco North Sea Ltd.
Under the terms of the joint venture between the two companies, Oilexco will
fully fund Premier's drilling operations in the site, as well as on the Palmino
prospect, in return for a 21.25 pct share in the licence.
Drilling is planned for December.
Premier Oil chief executive Simon Lockett said: "We are very pleased to have
added a further well to our active exploration programme at zero cost".
har

Hi all

Thanks for the updates.

I'm not sure what has been going on today with the trades. These are the figures I have for todays trading. (Total trades 33. Buy 14. Sell 12, unknown 7). (Volume total 559 thousand). (buy 475 th), (sell 62.5 th), (unknown 8.6 th), (Total value thousands 227), (Buy 194 thousand), (sell value 24.6 thousand), (unknown value 8.6 thousand). It would appear from these figures DES should have moved up. Todays candle is another doji, which is suggesting the market is in a state of indecision. DES is still on top of the new trend line & is still above the falling resistance. The lows are getting higher & the highs are getting higher. The 200 day moving average is also moving up. These are all good indicators, lets hope the market sees it the same way. The Britishbulls.com have DES on a buy if signal. A gap up would be nice (wishfull thinking).





Good Luck All

Eddie

Cheers Eddie and Tullett all is working,

Edddie there was 2 rollovers and also a lot of late trades going through from Yesterday but i do get the feeling the MMs closing the selling price to 39p and trying to cover there tracks from yesterday the price should of ticked up.

Am in no hurry as hoping that been miss sold endowment money might come soon and re-top up.

Bargin at this price

Hi all

It appears we have another doji candle, this is showing indecision as to which way to go. Todays candle is the same as yesterdays, DES has dropped back under the support line that has been forming. The indecision could mean DES could go either way. I think the fact that DES has made recent gains may sugest DES the market is still intending to move up. There is a falling window at 0.4150p (15/04/05) this may be what DES is hesitating with. Also consolidation before moving up through the 200 day moving average may be an option. DES is still above the falling resistance line, which can be seen on the chart. The 200 day moving average is now at 0.45135p. This many doji candles is unusual, the market may be expecting some news. The market is said to hate indecision, so I think we should see a break soon. I'm expecting the break to the up side.





Good Luck All

Eddie

Cheers Eddie

I thought the buys out weighed the sells easily and price should of ticked up today and did not I think 3 rd day on the trot now.

Hi all

Yep markymar, the last 2 days for definate there were more buys than sells.

Oh well DES went down a little, I will post a yearly chart with candles of 1 weeks value. As you can see the candles have got smaller since the two larger candles which moved DES off the low. The candles also have shadows which are indicating indecision. DES is still above the falling resistance and the rising support which is drawn off the low, is still giving support. Todays candle is just above the support, so lets hope this stays intact. DES will need to move up tomorrow to stay above the rising support. DES has closed just on the 10 day moving average, the 200 day moving average is 0.4520p which is still moving up.





Good Luck All

Eddie

Despite the lack of overall change in the sp since I last wrote (19 July #1541), I thought I ought to update my current thoughts. The pullback that we saw from the 21 June, 45.25p recovery high was undoubtedly corrective. This was confirmed when the market recovered above 38.5p. Further gains through the 29 June peak at 41.25p would have been even more encouraging, but nonetheless, we are still in the throws of an impulsive advance. Current action suggests an extended third wave advance, which would ultimately call for a stronger rally than originally anticipated. Therefore, I would expect at a minimum to test the 49.25/50.5p area and more likely 57.5p. Once there we could see a minor dip before pushing towards my next objective at 61p. I am looking for the 19 July low at 36.75p to underpin the market. This level is also supported by rising trendline off the 28.5p low and the 60-day moving average.
Regards to Eddie, Markymar and all...
Lynnzal

Hi all

Thanks for the update Lynnzal.

Just a little move up today, better than a move down. I have changed the moving averages to show the 200 day moving average and the 60 day moving average refered to by Lynnzal. The candles have a value of 1 day. As you can see the market did test the 60 day moving average today. Testing supports is normal before any significant move. The support line from the 0.2850p has given support sofar, I don't see any reason for DES not to rally. The candles are still showing indecision (but thats not all bad), when the market decides to rally, it will be with firm commitment. Although todays move up was quite small, the bears took DES down to the 60 day moving average, the bulls then moved DES up to close on the high of the day. I would take this as a clear indication of support.





Good Luck All

Eddie

A little old as from City Equities tip web site

Black gold Desires Falkland wish.

Desire Petroleum is gearing up activity in the North Falkland Basin (NFB) and all the signs are that this time its wishes may come true.

It has been a hectic time of late for the Directors. Having put the finishing touches to a 25m fundraising, which included just over 9m in an over-subscribed Open Offer, they have been busy appointing a new Chief Executive. Ian Duncan has moved from his previous role as non-executive to take up the hot seat, where he will bring his experience with Exxon and Clyde Petroleum to bear. To this end, he has already set in motion a three well drilling programme and will also co-ordinate the exploration activity and liase with its partner, Rockhopper Exploration. The involvement of Rockhopper, who can earn a 15% interest in tranches C and D of the NFB by funding 30% of the drilling costs, is interesting. Its licences surround Desires in the NFB, which confirms to some extent the prospectivity of the region. For instance, the targets identified in tranches C and D by Desires 3D-seismic survey apparently have 45.50p) the potential to contain over 1bn barrels of recoverable oil. It may then have been this which prompted three of the Directors to dust off their chequebooks to subscribe for 260,000 in the Open Offer. So, all in all, it has been an eventful few months.

Elsewhere, the current macro-environment appears to be favourable for exploration activities, as crude oil has been trading at record highs. This has been prompted by supply uncertainty related to such issues as geo-political insecurity in the Middle East and Iraq and also increasing demand in countries like China, which are industrialising rapidly. All of which goes to underpin the economics of the NFB as a potential area of production. The case could be strengthened by the results of the drilling programme, which means there is newsflow to look forward to over the coming months.

Independent exploration companies like Cairn Energy and Edinburgh Oil & Gas have come to the fore recently due to large reserve finds, it is Desires wish to join this list.
http://http://www.cityequities.com/equity_market_update.asp?id=23&emupage=Desire_Petroleum.emu

Hi all

Thanks markymar.

Not much volume today, I'm supprised DES didn't close lower. Very few buys compared to sells. DES has closed under the support line, the shadow under todays candle is suggesting support. The Britishbulls.com has DES on a buy if today. The good news is the 200 day moving average is still moving up. It looks DES may be ready to move up. Lets hope for a better days trading tomorrow.




Good Luck All

Eddie

Cheers Eddie,

Rockhopper float next week and i think we might get some news soon after that.

Markymar, I hope you're right about some news after the float. An interesting post 19019 on ADVFN on that subject unfortunately sourced from an outfit that the fsa has warned investors about

http://www.advfn.com/cmn/fbb/thread.php3?id=5514071&from=19010