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,

Today there were a lot of big selling as pointed out and one of my thoughts were it could of been Greenwhich Resoures trying to raise some more cash by selling part of there stake in Desire as the have no money and i lot to pay out on court cost at moment.

LONDON (AFX) - Greenwich Resources PLC swung into a pre-tax profit of 141.000 stg in the first half from a 214,000 stg loss a year earlier, due mainly to a 425.000 stg gain from strategic sales of parts of the holding in Desire Petroleum PLC.

That was the news from the interim accounts on the 29.6.05 which only left them with a profit of 141.000stg last year there Administrative expenses were (489) stg so money getting burnt away very quickly.

Anyway just a thought and it could be some one in for a quick killing on Rockhopper selling out of Desire but I would of thought we should not mirror Rockhopper but there share price should mirror us as we hold the cards.

As for the Rig if you have read the prospectus for drilling to start the Pride South Atlantic has to be favourite as it is in for a refit after it contract finishes in December and stick the time for re fit on and to sail down to the Falklands fits the time scale from the Rockhopper prospectus but only my opinion, and just off the top of my head in the prospectus I think it said a rig from Brazil?

http://http://www.falkland-malvinas.com/Detalle.asp?NUM=6172

They say they can see $70 a barrel by the end of the year and also mention Iran been the second biggest producer of oil but am going to do a ZZ here and just look at the possible bigger picture and point out the troubles in Iran at the moment with continuing of the nuclear program which is causing a lot of problems at the moment even the UN has been at them about and been talk that USA may go in and if they did could you imagine the price of oilJust a ZZ moment there you never know.

Thank you for the link Capt, I realise I have not been keeping up to date with Desire's own site. Now I understand that the mature kitchen is biased to the eastern, deeper side and so favours Anna, our second drill target. Slides 13, 16(my, isn't Phyllis a big girl?) and 20 clearly show why triple decker opportunities abound, slide 16 even suggests that 5 targets could be tested from one well, that should make for an exciting well No.2.

I also realise on closer examination of the prospectus that $110,000 per day, not $145,000 is the expected rig hire rate for Desire's initial campaign and yes, Marky the prospectus mentions out of Brazil so hopefully Rockhopper knows something we don't. We should soon find out with an RNS if the culprit was Greenwich. Thank you Marky, Eddie and other posters for keeping this board informative as usual.

Luckyswimmer

i think greenwich are already under 3% so i do not think there is a need for a rns even if they sell them all. That 504943, was a strange figure and i suppose it could be someone selling out their entire holding, but as has been said, why?, i'd guess it could be a buy but still strange figure and why did it not move the sp also most sells were equal to or above that price meaning the mms would have lost money on that one. also why was someone so keen to sell 200000 that they accepted 39p when the quote was 41p, thats 4000 they threw away. very strange day!!!!!!!! Anyone got a logical explanation?

ian
the market size is 50000 currently
the mm's only have to honour
the price within the spread. if you want to
dump inexcess you have to
accept or dismiss the quote given.
mm's rule again.
regards
HUSTLER

http://http://www.falkland-malvinas.com/Detalle.asp?NUM=6179

News in brief

FCO visitors.

TWO representatives from the Foreign and Commonwealth Office (FCO) have visited the Falklands this week to learn about the Islands first hand.
Sam Lones is the Assistant Desk Officer for the Falkland Islands in the Overseas Territories Department of the FCO and Ian Duddy is the Second Secretary in the British Embassy in Buenos Aires.
They visited San Carlos and Darwin on Sunday, spent Monday morning at Mount Pleasant and the afternoon and Tuesday in Stanley. They travelled to West Falkland on Wednesday.
Mr Lones left on Thursday and Mr Duddy leaves on the weekend.
Speaking to the Falkland Islands Broadcasting Station, Governor Howard Pearce said it has always been his policy to encourage colleagues from London and Buenos Aires to visit the Islands so they can, understand our situation and peoples views first hand, adding, I very much welcome this visit

http://http://www.growthcompany.co.uk/companies/new-issues/

Looks like Rockhopper float put back again

Dealings will start 31.8.06 i checked this web site yesterday and it was blank so new date today.

Mark



We have not confirmed the admission date as yet as it is subject to completion of the necessary documentation. However, 15 August looks like the date we are aiming for.



Regards

Andrea Tubb

Corporate Broking

Hi All
Des stayed buoyant today. Looking at tick up on Monday ? Straight in with some big buys ?
Interesting to see what you think Eddie ?
Regards Berlingo

Hi all

The sell if wasn't confirmed today, the bears didn't manage to close under yesterdays close. DES managed a small move up, DES opened the day up and stayed up to the close. This has given us a harami candle combination (ususaly seen at the top or bottom of a trend). The harami pattern can either indicate a trend reversal or consolidation. If the late trades were buys then we may see DES open up on Monday. This may be in anticipation of news of Rockhoper, so if the float has been put back, DES may not continue up. On the other hand it may be the market is moving DES up anyway. The 200 day moving average is at 0.4548 and is still moving up. DES will still have to close the open window by closing above 0.4150p, this will allow DES to continue up some more.





Here is the chart with candles of 1 weeks value, as you can see the red candles are getting smaller & the green candles bigger. The thin line on top of the last green candle is where DES is having resistance.





Ok here is another chart showing the lows to the highs (candles of 1 weeks value). Look at what has has happend each time the red moving average has passed up through green moving average. It looks to me this is about to happen again. What do you think ? The massive candle in Nov 2004 only took 4 days to form & has taken 6 months to retrace to the bottom, so we maybe about to see this again. (maybe).

HUSTLER I don't mean to cause doubt, but I hope you consider this chart.






Good Luck All

Eddie

Cheers Eddie,

I think we need to go off the 15th August date for Rockhoppper float as straight from the horses mouth.

Thread for the more intelligent.

http://www.moneyam.com/InvestorsRoom/posts.php?tid=8461#lastread

Hi Eddie
From memory the huge hike in Nov last year
up 120% i seem to recall in a week.
Was due to the news of the 3d survey results,
when Des anounced that potentially 2.4 billion barrels
of recoverable oil had been identified.
Since then interest has retracted with exception to a few
items of news somewhat minor in comparison.
The fund raising which in it's self always drums up business
short term for those looking for a quick turn.
Made even more bullish by the rumours of a rig coming
on board which as it happens turned out to a complete lie,
but it worked as the fundraising oversold.
The only reason Des is in the mid thirties to mid forty range
at present is the sector strength
most oil stocks are at or close to thier highs.
I do however see a repeat of the Nov chart or even
a much higher rise but only when a firm date
for the rig is announced.
There after, again when we approach the drill date,
and finally the results. I just hope we don't have to
wait to long, but if all comes good it will be worth waiting
for, and then we should all have a get together to celebrate.
All the best
HUSTLER

Hi all

Hi HUSTLER I'm sure we will all be at the spivs bash.

Looks like we got a gap up today, DES managed more buys than sells today. The candle that formed is a doji which suggests indecision on which way to move next. The fact there was a gap up should however suggest the intention is to move up. DES hasn't managed to clear the 0.4150p resistance at the top of the falling window yet. The consolidation just bellow the falling window suggests this may be soon. Todays gap up should offer support. DES is at a of 443.33% increase since the price low of 0.0750p and is down by 40.07% since the closing price high of 0.6800p. I'm sure even with small increases we will be up near the top soon, if we get news of the rig then I'm sure this could easily put DES well above the 0.6800p. Also we will have higher oil prices through the winter.




Good Luck All

Eddie

Cheers Eddie


News that Desire Petroleum (DES.L) had acquired oil exploration rights over an area north of the Falkland Islands was held responsible for an upsurge in interest by The Guardian on Saturday. This momentum continued, as the shares increased a further 0.50p to 40.75p this morning.

Taken from city equities web site today but can not find the story the Guardian ran can any one else?

Hi all

Hi markymar. I couldn't find the Guardian's press report either ?

DES managed just a small move up again today, but still havn't managed to clear the 0.4150p. DES appeared to have less buys than sells, but there were a lot of unknown trades. DES looks to be intending to go up through the 0.4150p, but appears to lacking volume. The moving averages are all moving up which is a good indicator, however they are moving slow. A little bit of good news would soon speed this up.




Good Luck All

Eddie

http://www.falkland-malvinas.com/Detalle.asp?NUM=6201


Tight oil supply with no ceiling for prices



Crude-oil prices seem to have no ceiling and jumped to a new high above 63 US dollars a barrel on Monday, reflecting the market's persistent uneasiness about strong global demand and tight supplies.



Traders pinned the latest rally on a wide-range of factors including security concerns in Saudi Arabia and refinery shortages in the United States plus the fact that U.S. gasoline demand continues to rise in spite of prices that average over 2.30 US dollars a gallon.
Oil analyst Marshall Steeves at New York-based brokerage Refco Group Inc. said oil and gasoline prices were likely to keep rising until there were signs of a significant drop off in demand, or a sharp slowdown in economic growth.

"We're clearly not there yet," he said.

"The US economy looks healthy and it's safe to infer that the demand for oil and fuel will remain pretty firm and that the price of oil should be helped along as well" was the majority feeling in the commodities markets.

Broadly speaking, those jitters are tied to the fact that worldwide consumption is expected to average more than 84 million barrels a day in 2005, leaving only about 1.5 million barrels a day of spare production capacity that could be called upon in an emergency to offset a prolonged supply disruption.

Given such a slim margin in the supply chain, a large premium has been priced into every barrel of oil sold on futures markets.

Several factors put the market on edge Monday: the U.S. Embassy and consulates in Saudi Arabia were closed after authorities announced Sunday a security threat against U.S. government buildings inside the world's largest petroleum-producing country; a fire broke out at a unit of Sunoco Inc.'s 330,000 barrels-a-day Philadelphia refinery over the weekend following a string of refinery fires and other snags over the past two weeks that have not severely diminished supply, but have nonetheless made oil traders nervous; suspected rebels launched renewed attacks overnight on pipelines in eastern India, leaving oil operations in the remote region in critical shape.

The market is also keeping a close eye on tropical storms in the Gulf of Mexico, fearing a repeat of last year's Hurricane Ivan, which damaged oil facilities and caused output in the region to drop for several months.

Hi all

A four price doji today is todays candle which means the open, high, low and close were all at the same price. The four price doji has formed inside of yesterdays candle which has now given us a bearish harami. Which has put DES on a sell if with Britishbulls.com. The sell if must be confirmed. With all the recent doji and high wave candles, there is an indication of indecision. This means the market may be about to decide, if DES is to go up or down. DES still hasn't managed to close above the 0.4150p, which is where the indecision seems to be. The fact that we have seen a fair bit of cosolidation just under this price, leads me to think the move will be up. It could be the market is holding back for some news ie Rockhopers float. The 200 day moving average is still moving up, and is at 0.4563p.




Good Luck All

Eddie

Looking good ! Breaking through the 041.50p Eddie ? Let`s hope its on and up .
Regards
Berlingo

Still looking good ! Maybe that Rig is ready together with Rockhopper going AIM on Monday? Got to be the best time to announce such news IF that rig is deffo available!