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

Kickoff, you don't seem to understand charting very well. Charts do not make a market go anywhere ("apart from the charts, whats going to make this thing move...") they are merely graphical representation of the buys and sells, supply and demand that have gone on before. Study of which allows us to estimate where the market is likely to go in the future. On the other hand, the fundamentals (economics, news alerts etc.) provide the catalyst that realise what the chart suggests and cannot tell us where the market is likely to go to.
I am not sure I agree with your assumption that if the market can't go up (in your opinion) it must go down. It's about the psychology of the market participants. So if the majority of people are happy to hold...the price will trade sideway (conslidate) until firm news either good or bad comes along.
Lynnzal

Kickoff I am amazed at your arrogance. You are now a self professed market professional especially were DES is concerned. I recall you calling DES lower sometime after it broke down through the 45p issue price and agreed with you some time after then. I targetted 26p and can't recall what you said. Since it based at 28.5p you have continually called it lower! That is not what anyone would consider sound advice. Of course if it comes off 10% frm here, I have no doubt you will be blowing your trumpet....even if it subsequently rallies 20% (because it's easy to forget those occasions).
Meanwhile, if you have something personal to say can I ask you to contact the person direct through moneyAM. This board has been happy enough without all the personal cr*p that goes on the 3I board.
Lynnzal

Hi all

Welcome back Lynnzal

DES went a little lower again today. The rising window may be tested for support, 0.4025p is the low of the window this is where the bulls should start buying again. There is also another larger rising window at 0.3900p, either of these may give support. The 200 day moving average is at 0.4600p now and is still rising, the 60 day moving average is also gaining momentum towards the 200 day moving average. DES has closed under the 10 day moving average but is still above the 20 day moving average. DES is still at the top end of the Bollinger bands and is trading quite close to the 200 day moving average, which is also close to the resistance area of 0.4800p as mentioned by Lynnzal. I think we may see some consolidation before moving through these two resistances. The 200 day moving average will then be closer to 0.4800p. DES can then go through them at the same time. Thats my theory anyway. The oil & gas sector has started what I see to the second candle in a morning doji star. If tomorrows candle gaps up then closes above the open, we should be seeing another bull run for the sector. This should move things along a bit. Rockhoper closed up with good gains today.





Good Luck All

Eddie

Lynnzal, good to see you back, hope you had a good hols.

Bad news is we have the freak with us. The man who called Des a sell on iii after the RNS on the new tranche (after hours) and would have encouraged people to sell within 2% of the lows the following Monday, the man who called oil down at $48 and who refrains from stating that DES have increased from 30p to the mid 40's over the last few months (45%up!)

He has started tipping horses on iii, perhaps he thinks he is John McKririck!

Most think he is a attention seeking fool and it has become plainer every day.

His own knowledge of trading (self confessed) is minimal.

But he won't go away...please don't rise to his bait...but please keep the useful chart comments coming.

Regards FOG

Twerp alarm!

Thank you for posts and mail tonight stay carm ian will sort it out a good bloke.

lynnzal, I don't understand charts that much, never said I was an expert i don't see why people think I think that. Suspect it's the way I post but I'm nice really honest ;-)

I could have worded it better but I think you got the gist anyway. As for the other time I don't recall saying it would go below 29p might might have. I don't tend to say it will go outside where it's been in the past, if you know what I mean. You use charts, I tend to look at impact of news so if news moved a share 5% and simlier news came out I would expect 5%ish. I don't think I would have said it would go lower then 29p because I did have that as a buy target around then (I think). My experiance with all these types of shares is if it has no news it will fall with time as people get fed up and institutions move on.

As for the other nonsense with markymar, please excuse that it's personal and aimed at him and his type only. But I hope me and him have sorted that now on another board.

KO.

KO-Will watch with interest to see if Des will,as you said above,go nowhere but down until rig booking is announced.At the moment, the gradual uptrend,especially after today's rise, is still intact.

I have a feeling that no rig reported in next interims won't have such a terrible effect on the price.It depends on how they say it and how optimistic they are about things generally.But only time will tell.

REgards.

Hi all

Well not so many in the sector went up today, DES was the third highest mover. The oil sector took a bit of a battering today. Todays candle is a bullish candle, however the sector may now move lower, which may take DES lower with it. Support came in at 0.4100p today, DES also still has the two rising windows as support. The 200 day moving average is still moving up, just above 0.4600p today. DES has also closed above the 10 day moving average again. I think whilst the sector is moving down DES may cosolidate rather than move up. The britishbulls.com still have DES on a hold after a sell signal. The three month up trend is still intact, all the indicators are still looking good. It still looks like the markets main intention is to move DES up. DES is currently 463.33% up from its low and 37.87% down from the recent high.




Good Luck All

Eddie

Thanks Eddie,

Strange how more sells today and the price went up and its Friday soon Eddie..heee

Hi markymar

Yes it is a bit strange. When I looked on moneyam at a glance it does look like more sells than buys. But when I looked on sharescope the figures were (total trades 58), buys (23), sells (8) , unknown (27). It has made me a bit unsure which is correct. Which ever the close price is still the same on both.

Kind Regards

Eddie

barclays shows 28 unknowns and 7 buys, no sells.Big barclays not keeping up with the trades.

Hi Marky
Just back from Tenerife.
Whose this KO giving you a hard time ?
good to see Des rallied when i was away
hope for good news and rig soon to keep it going.
Keep up the good work
all the best
HUSTLER

Hi all

Good to have you back HUSTLER

DES gave back some of yesterdays gains. Todays candle is slighly bearish, but the bears wern't to keen to push DES down much further. The combined volume was low also, not realy much buying or selling. As before I think DES is likley to consolidate just under the 200 day moving average for a while. The 200 day moving average is still moving up and is just above 0.4600p. The 200 day moving average and the 0.4800p resistance as (Lynnzal mentioned) levels are getting closer. I think DES is likley to go through both of these about the same time, rather than go through one to get stopped at the other. This is my reason for choosing consolidation. However it's just my theory. Any news of a rig would soon get rid of cosolidation. DES is still above the 10 day moving average, as with 10, 20, 60, 200 DMA are all moving up.



Good Luck All

Eddie

The share will be a bit difficult to predict till these ripples, created this weeks RH IPO, settle. Even I wouldn't try and say what it will do from day to day and I do well at that sport.

I also don't take much notice of movement within the size of the spread with a stocks in this price range. The MMs can manipulate anywhere between 0% and their average spread of 5%. So for real ideas on momentum I look at moves above 5%. I've said this for a long time on iii where some people seem to think I do well at predicting day to day. Even respected posters like JPDM advice people to listen to me on that subject rather then his goodself.

It seems to me readers on here have been ramped for sometime, don't worry I'm here to give a balanced view now. All I say is keep an open mind about me and don't let it be tainted by others with their personal abuse.

BIG Yawn, surely you are not spoiling another thread.

pr(whatever), keep to the subject Desire Pet and I'm sure everyone will be happy here. But, your posting just proves my point about you rampers. I'll continue to post on any board when I like and will continue ONLY stray from the subject when I have to respond to nonsense like yours above. It's your choice mate not mine.

KO.

KO, with all respect, I think you would do well to not blow your trumpet so much. Rampers or otherwise, nobody on here has claimed to be anything special. People just post their view and allow readers to make their own mind up. It's funny though, because I thought I read that you didn't like to forecast the day to day stuff. I'd like to see your view ...but less of the self accolade thanks.

By the way, what was the purpose of the 1663 posting? I couldn't find any content and think that sort of waffle would be better on another board to be honest. Lets keep to DES.

Lynnzal, I can see what you mean but you must admit if you are being told by people that you don't know anything all the time. When you also see that your predictions for both the company and the share come good more often then not. Would you have the right to point out when you have been right.

1663, that was then this is now I'm over it sorry.

I've never said I don't do the day to day stuff, I said at the moment it wouldn't be easy with the ripples from the RH IPO. In a few weeks in may become clearer.

My views have been the same for 4 months, the share needs new faces to move forward and I don't see where these will come from. Time to time we have news or speculation which lifts the drift.

Thats the story as I see it till we get the date they will drill. We've seen in the last two RNS that people maybe looking to get in so that should left the share out of the current resistance 40-42 to say 48-50 or 58-60 even. From there we are into a new game. All depends on the date and how far it is away would you agree with any of that ?

KO.

To be honest KO, I don't care what people think of my views. I have been both bearish and bullish over the past few months on the near term moves and merely post what I think my analysis is telling me. If readers don't like it then they can ignore what I post. I certainly don't need to pat myself on the back in public...I just look at the money in my accont and it tells me I am doing ok. If people out there want to know if my views are worth anything, then I would advise them to ask other people on the boards what they think.
I concur with what you say say about Des. it needs some sort of catalyst to trigger the next move. What that catalyst will be....I have idea or care to predict.
I wonder what point over time, people will consider DES a buy (due to impending rig news) as opposed to a SELL due to lack of rig news?
Lynnzal