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

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

Desire Petroleum PLC
02 August 2005


Desire Petroleum plc

('Desire Petroleum' or 'the Company')

Acquisition of Operator Licence - Tranche F

The Board of Desire Petroleum is pleased to announce that, as of 1 August 2005,
the Company has acquired a 100% interest in Tranche F in the North Falkland
Basin and has become the Operator of the tranche. Tranche F covers 534 km(2) and
lies immediately to the south of Tranches C and D, which are already operated by
Desire.

Interpretation of the 2D seismic coverage of Tranche F has identified two
significant prospects, which have been named Helen and Jayne, both of which have
the potential to contain several hundred million barrels of recoverable oil and
add substantially to Desire Petroleum's exploration portfolio. All commitments
for the first stage of exploration on Tranche F have been fulfilled and, as of
25 November 2005, the licence enters the second exploratory period, of seven
years, during which there is a commitment to drill a well.

Enquiries:

Dr Ian Duncan, CEO: 01684 892242
Mr Stephen Phipps, Non-executive Director: 020 7409 2138



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

beat me to it Eddie

More good news

Hi all

Thought you were still in bed markymar.

Looks like the trading has started early today. Gap up !

Good Luck All

Eddie

Morning all, more good news today.

I've posted this before but slides 3, 7, and 11 are well worth another look at.

http://www.ihsenergy.com/news/presentations/nape_2005/room2/falklands_richards.pdf

Hi luckyswimmer,

Anything is possible,i wonder how much oil we could be sitting on as the 2.4 billion went out the window way back need to find some more spiv girls, the story gets better and better.

Eddie cant wait to see that chart tonight,Lynzal any views ?

http://www.falklandnews.com/public/story.cfm?get=3341&source=3

ExCo also approved a draft amendment to the Offshore Petroleum Licensing Regulations 2000, which gives effect to a decision by ExCo at its April meeting to allow the Falkland Islands Government through Executive Council to open and close open door licensing as required and in specific areas, the purpose being to maximise the economic benefit to the Falkland Islands.

Hi all

Thanks for all the updates.

Without a doubt, a much better days trading for DES. Todays candle opened with a gap up, the share price closed up from the days open. The candle is a high wave candle which does suggest uncertinty in the market still. The gap up window should offer support if there is further selling. If the bulls are still feeling bullish tomorrow we should see a continuation. We have another falling window which may offer some resistance at 0.4150p 18/04/05, after that we have the 200 day moving average to go through 0.4534p. The Britishbulls.com have confirmed DES as a buy. All being well then DES should continue up.




Good Luck All

Eddie

Hi guys ,
Sorry i havnt posted for a while. As asual , enjoying the excellent posts that appear here. I feel things are getting really exciting with DES and Rockhopper . Gut feeling on this lately is positive , even though DES keep a stoney silence when things must be really happening with them and PEAK .Thanks to Marky , Lynnzal , Eddie et al.

Hi all,

A little mention in Stockmarket Reporter tonight

Desire Petroleum shares gained 2.5p to 41.25p after the oil explorer announced it had it acquired and become operator of another area of the North Falkland Basin. Desire said that the seismic surveys of the newly acquired tranche had identified two significant prospects, named Helen and Jayne, both of which had the potential to contain several hundred million barrels of recoverable oil and add substantially to the group's exploration portfolio.

http://http://www.britishbulls.com/StockPage.asp?CompanyTicker=DES&MarketTicker=RESOURCES&Typ=S


Buy confirmed

It would be interesting to know how many billion barrels of recoverable oil Desire are now sitting on as with a further 1.4 billion today announced and with the 2.4 billion we know about and then all the extra targets in C and D the likes of Phyllis who looks like an elephant all by her self and I expect more targets in F to be given as time goes by things can not look better for this share.

Me too, ( sorry I haven't posted recently), but the wife has me decorating and fitting a new kitchen (which I can't do. )

Lynnzal...your charting forecasts have been excellent (and yours Eddie) congats to both of you!!

I feel really good about DES at the mo. There is something more around than the RNS today I think.

Short term, Rockhopper seems to be the key to the price action, I feel sure it will be a success and move DES up some more, but I would like to hear about the rig.

Marky, my parrot is speechless at the moment!!

Tucking into some excellent red now and will leave the board alone.

Notice KO back on iii and has managed 16 posts today....what happens when he gets in full swing?

He might hang himself Brian.