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

Don't forget FKL (Falklands Island Holdings) they give out the licences and get a kickback from any discoveries. Currently static at 1.88 pounds.

regards

Peter

pj what do you mean by kick back do they get a % ?

colin phipps has been a busy man and has done a live brocast to the wallstreetrepoter about desire petroleum and what they are doing and where they might be in a years time its a must to listern to.The link i have for this will be put down below ,press copy on link and on the address bar press clear and paste link in hope it works and if any one can put a clearer link in which works plz do

http://216.239.59.104/search?q=cache:_bvb_nPtgrEJ:www.wallstreetreporter.com/profiles/DesirePetroleum.html+desire+petroleum&hl=en&ie=UTF-8

http://216.239.59.104/search?q=cache:_bvb_nPtgrEJ:www.wallstreetreporter.com/profiles/DesirePetroleum.html+desire+petroleum&hl=en&ie=UTF-8

live interview with chaiman od desire petroleum good listern

Use the "Insert link" button at the bottom of the box when you first make your posting (it doesn't appear if you edit the post later).

http://216.239.59.104/search?q=cache:_bvb_nPtgrEJ:www.wallstreetreporter.com/profiles/DesirePetroleum.html+desire+petroleum&hl=en&ie=UTF-8

Taken from this months Energy supplement in the Aberdeen Press and Journal:-

"Pan American Malvinas manoeure tatalises

As UK-LISTED Desire Petroleum gets under way with its latest seismic survey of
the North Falklands Basin, Pan American Energy has aquired interests in the neighbouring Malvinas Basin offshore Tierra del Fuego - in other words, Argentine waters.
Pan American has picked up 35% interests in blocks 40 and 46 operated by Repsol-YPF. Total, which has a 31% stake in block 46, has apparently ordered a seismic campaign across both blocks (aggregate area 6,500sq km) with a view to exploration drilling starting next year.
The hidden twist to this is that it would put BP in the South Atlantic as it is a 60% stakeholder in Pan American Energy, with Argentinean corporation Bridas holding the balance of ownership.
Whether this campaign can in any way be made to link with Desire's aspirations to restart drilling in Falklands waters is open to question, though it will perhaps be investigated. BP's indirect involvement could prove important in this regard.
The super-major did not participate in the Falklands drilling campaign of 1997-98 as its priorities lay elsewhere at that time. The Tierra del Fuego manoeuvre begs the question as to what BP might do next in the South Atlantic"

In my last post about why the price has gone up there was this little gem in it.

Houston, being the centre of the
American oil industry, did not disappoint, and
contact was made with licensees and companies
already considering investing in the area.

Phipps has all ready said they are off to Dallas on the 18th April to the AAPG convention and do you remeber the interview with the wallstreet reporter in America i could not understand this Americian connection.Then there was this bit from rigzone.

As Desire Petroleum gets under way with its latest seismic survey of the North Falklands Basin, Pan American Energy has acquired interests in the neighboring Malvinas Basin offshore Tierra del Fuego, in other words, Argentine waters.

Pan American has picked up 35% interests in blocks 40 and 46 operated by Repsol-YPF. Total, which has a 31% stake in block 46, has apparently ordered a seismic campaign across both blocks (aggregate area 6,500sq km) with a view to exploration drilling starting next year.

The hidden twist to this is that it would put BP in the South Atlantic as it is a 60% stakeholder in Pan American Energy, with Argentinean corporation Bridas holding the balance of ownership.

Whether this campaign can in any way be made to link with Desire's aspirations to restart drilling in Falklands waters is open to question, though it will perhaps be investigated. BP's indirect involvement could prove important in this regard. The super-major did not participate in the Falklands drilling campaign of 1997-98 as its priorities lay elsewhere at that time. The Tierra del Fuego maneuver begs the question as to what BP might do next in the South Atlantic

So my way of thinking here is that we can rule out Lundin or Talisman for now , but i feel pretty strongly that are new Farm in partner will be Pan American Energy and BP own 60% of them . Now with the Pan working on the Argentina side this would be ideal for us as rigs would be there and the sevices.

Also way back there was meetings with uk and Argentina been trying to find the post but not found it yet but they had discusions about the oil and it was suggested that a pipeline from the Falklands to Argentinia was a posibility but all talk of this pipeline would cost millions so you need a world major oil company hence you have BP .

If there is upto 110 billion barrels of oil then you would then put the likes of the Falklands the 3 rd richest oil provence in the world the likes of kuwait has reseves of 97 billion,Iran have 115 billion and no 1 is the saudis with 236 billion.

So my conclusion of all this is that this share price has just started to move and some more news or rumours will start to come out this share price will rocket there not a share like it you can only dream what this share might do.
Good luck all who hold shares and if you dont hold any buy some its the best ride on a rollercoaster you can have.

r they tree-shaking? i m sticking.

Should bounce back after some profit taking

Shares should still have a massive rerating, news on the full survey soon and if it is the right type of oil (they alrady know it exists!), this share will be multpiles of it's current value!

let's get mugs out of the way.

Quite right, I think this is one of the best long term shares around. With oil prices rising and reserves dwindling, DES would be very attractive to all and sundry, especially if you've just over quoted your reserves and need a cheap way to build them up again. Just to confirm, there is oil down there, if it hard capped then it's the North Sea all over again and for Des' market cap!!!

What about the proposed cut in fuel production announced by OPEC ? good or bad news ?

Can only be good news. Reduction in production equates to an increase in the price of oil. We sure don't need a sub $10 per barrel price like the last time drilling took place !, $30+ per barrel sounds very good to me !

Desire Petroleum plc

The Group presently owns 5,500,000 shares of AIM quoted Desire Petroleum plc ("Desire"). Following the recent Placing and Open Offer of new shares by Desire to raise #5 million to be utilised principally in carrying out a 3D-seismic survey over certain areas of the North Falkland Basin, this shareholding represents approximately 3.38% of Desire's issued share capital at a carrying cost of approximately 9.4p for each Desire share held.

The shareholding provides the Group with a continuing interest in Desire's exploration offshore the Falkland Islands. Desire reported on 7 January 2004 that Fugro Geoteam A/S had been contracted to conduct a 3D-seismic survey for Desire over Tranches C and D in the North Falkland Basin. The survey has been defined to refine the definition of what are currently considered to be the three largest, potentially-oil-bearing, prospects in the North Falkland Basin.

On 1 March 2004 Desire reported that approximately 40% of the 3D-seismic survey had been completed and the first, unprocessed seismic lines had been received in the UK. Data quality was high and once the survey had been completed, it was expected that data processing would take about four months, at which time detailed interpretation can begin. This will not be available until later in the year but Desire has reported the initial results are already encouraging.

And OPEC confirms it has agreed to a cut in production of 1 million barrels per day. Nice !

We must be close to having the 3D shoot complete. Another 7 - 10 days will be my guess.....hopefully we'll have an RNS from DES.

i think so oily then the wait up to 4 months

Yeah, so we'll be looking at the end of July/beginning of August for the processing to be complete......