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

Ask Peel Hunt the nominated brokers they may tell you. +/- 14Oct

I'm getting a bad feeling about this one. Have I bought into an old dog?

MS

MS

Same here! I thought my top-up was at a low price and even thats languishing!

Need to reduce my losses somehow on back of this one. I'm definitely selling if it dips to 20p. I may even get out sooner. I dumped JKX the other day at a substantial loss and bought PET, which today has been up 25%. I just wonder if other investors have dumped DES for PET and that why we have the fall we have seen today. I may do the same.

Salkeldjp

I'm exactly like you on this one. Hold SEY and Burren and feel comfortable with them. As for DES I'm getting cold feet. It's my own fault carrying quite a large loss and will have to try and recoupe some how. Dam Shares Mag I think I will invoice them for my losses as I bought on their tip. I know hide behind the disclaimer.

MS

PS Big boys don't cry, feel like it though.

MS

Sounds like you did the same as me! Bought on Shares mag tip and we have both got burnt! Last time I buy shares like this without being sure that they will carry on going up! (I've got BUR too! What a cracker this one is!) I guess we have to put losses in DES down to experience. Its a shame the lesson comes after the cost!

Salkeldjp

How right you are. I did'nt want to go on holiday anyway. GF is pushing SIA, what do you think. Might have to reply on his posting or we'll get told off by the pro's.

MS

Micky and Sal after reading your post's there seams a lot of gllom in your post's so a post caught my eye on iii boards and thought i would post it here as it hit's the nail on the head.

Gismoe post:

When you really think about it FOG, are asking 40p per share, just to do the survey with nothing concrete at all, to go on and that alone makes it a very high risk speculative punt.
Therefore, with 2D and 3D surveys all ready to hand, it makes DES look pretty cheap at the moment does it not? Every one is sounding so negative at the moment, where has that great British fighting spirit and belief gone. Nothing has changed whatsoever, DES is in my opinion in a far more advanced state to bring forth the goods. To my belief therefore the only thing that is winding people up is the lack of any news. There is a very old fashioned saying "That no news is good news" to back that statement up, I would ask, why people are still buying if it is that uncertain. Until we hear otherwise, and it might not be until the new year, I am quite happy to stay invested.
For those of you that watched the program on TV last night about the oil in Alaska, it was to my mind a very good example of just what any company going into the Falklands face. The enviromental issues have to be considered as a priority and without repeating previous posts, the biggest hurdle to cross is the political one. Can you imagine the indignation that would present itself if US rigs turn up on the ARgy doorstep and turn on the taps. I would in all honesty say these issues are the important ones at this moment in time, not whether the black stuff is there. This share could be worth 10p by christmas on no news, and in the new year 2p but it could also be 2. Those of a nervous disposition are better to get out, but if you do not hold, please if you sell, don't keep posting negatives.
Fingers crossed, if it drops lower I shall be definately adding some more to my portfolio, I am feeling as positve as when I first bought in, just perhaps a trifle more patient.

Could be a leak coming in that so called tour?

marky,

As you imply "Patience is a virtue" and today was expected, its doing the
obvious....Going Up....I think the politics have already been sorted,and the
good news has just to be posted.

Possible next board meeting to be first Monday of the month, that would be Monday so could expect maybe some news on so called tour

I'm not in this 1 but hey UP 37% so far today!

what was the tour above?

Disney Land & Disney World

Feeling a lot better today will hang in untill next year. News flow is important and when you go a couple of weeks with nothing except a drop in price then it's only to be expected that you question your own judgement.
It's only too easy to get it wrong which we all have at some time unless your really astute or in the know. Caught a real cold with MSY, out of circulation when it dropped so couldn't do anything about it and no stop losses, what a idiot!

MS

Capt can you send any grapevine ? or me email u know how to set up on above ? "doodlebugger's" grapevine.
Red poppies and a good brown ale

markymar sent you an e-mail.
OK?

Capt caught the parrot will feed him and send him home soon , The parrot most intresting going to have a night on the brown with him befor sending back , his eyes are wide open and a lot brighter than befor.Must send you my parrot to see his eyes wide back in 1998.......Red poppies and Churchil and apprentice doodlebugge code heee......how did mosses know about wc ? must of been a brown night and waving hero away for him .Fog in my eyes but is it worth clearing so no dont take to vets wait and see if clears up you ? but Admiral ? need spell check

Markymar

Hey, why don't the two of you get a room and leave the thread to those interested in sharing ideas about Desire?

I started the thread and put a lot of info and time in it what have you put in Queen1 ?