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

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

The point over time, yes i find that interesting too. I don't have a clue but I would rather have my money in a more fluid stock thanks.

As for the other point, and this is the last I'll say about it as it does bore me as much as everyone else, I am 100% with you, I don't care what people think about my opinions either. I post on plenty of other boards and have some great debate but on Desire boards I get abuse for holding an honest opinion. Sorry but I have the right to defend myself and my family. How would you like it ? It's just bulling as far as I'm concerned only these people hide behind the anon allowed by these boards. I try to make a joke of it but if you read some of the comments they are not nice and I'm not proud of sinking to their level at times but I've never started anything with anyone and none of my posts have ever been removed have they.

Anyway it's about Des and not me, should we start a tote on when the rig news come in ? say 5 a go and winner takes all :-)

Spoiling another thread KO......picking fights with everyone on every thread.

nomarkyar, this will now be the 3rd BB I have told you this, perhaps it will sink in and you'll stop stalking me with your abuse. Are you thinking hard ? when you are read the next line.

I will talk only about Desire Pet.

Now rest...

KO.

So you wont take up my offer then?

This what i wrote on other BB

If you want I will post on iii for you to stay or me to stay and the most recs stays the other person stays off the Desire Petroleum threads for good.

I believe that to be the fairest way?

Just say yes and lets get the ball rolling

Why will you not take this offer up i think it is fair one.

Markymar
This business of seeing how many recs you can get is very childish.People will vote for a particular poster by way of recs because he or she says something they want to agree with."I think this is a great share and it will rocket" will get lots of recs but anyone saying differently won't and in fact will be vilified. One sad bloke over on iii gets very weepy if his posts are challenged and misreads even the simplest message as a personal slight on him because he so loves this share.The fact he even has Q+A sessions for people who want his opinion says it all really- who does he think he is for heavens sake- he forgets he is simply a punter like everyone else and knows no more or less than anyone else.
The point is that KO3 has a view which goes against the grain doesn't make his opinion any less valid.

Coeliac1, thanks for taking the trouble to post that mate. I wish more people would defend other posters when attacked for what is as you say is only another punter's opinion.

I'm no expert and I'm not perfect, all I try to do is bring my point of view and thats what these boards are for as I understand it. So other people can read picking up info and adding info as they see fit. That includes both the good and bad points of any company. How else can anyone make decsions if they don't look at all angles and then make their own mind up.

Some people seem to think I am making people sell their shares. It fills me with dread that anyone would make a decision based on my opinions without doing their own research. I know I would never do that no matter what was said on these boards. I'm sure most the people I've talked to on here are not as stupid as markyar and his friends think.

All the best and thanks again.

KO.

KO your filtered so dont waste your time

whats filted mean ?

KO.

Hi all

Looks like the bears had their day today, took DES down to the rising support line. There is also support at 0.4025p which at the rising window. DES has closed under the 10 & 20 day moving average today. The candle has bearish implications, which could suggest further selling. However the moving averages are still moving up, and I think the rising window will give support. The three month up trend is still intact, I feel the markets intention is to continue with this trend.




Good Luck All

Eddie