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

Marky
I appreciate your remarks and note you set up the thread- but it is public rather than yours so you have to expect to receive adverse bull/bear remarks now and again
I for one find this thread much more illuminating and useful than iii which is peopled by spivs in my view.I have just noticed that they are blindly bullish to the extent that they are even reccing blank messages from the local self syled expert/guru who thinks he owns the board! There are only a couple of knowledgeable posters in iii out of the many and it is definitely not he who likes to have open house fireside chats with a glass or two of Tesco red! The pity is that some people can't accept any opinions other than the warmth of fellow bulls and I am pleased that you have a personal view which is substantiated in your comments.I agree also about the chartish opinions- I have never been overly gone on these things but they do add to the interest in here compared with iii as they show momentum, which I think is important along with news flow. That is the strength of this thread- both on the ground info and some charts.And interesting it is too, so thanks for setting it up. That applies to KO3 too, as he adds colour without, admittedly, huge substance but nevertheless I will happily read what he has to say. Its called keeping one's feet on the ground..

Blimy here we go again, sorry but I feel I do need to reply as my character has once again been attacked and also a notice has been placed which is a lie but also very stupid if you ask me.

So here are a few things about my postings on iii for those interest in the truth These can be verified by a visit to the is site

http://www.iii.co.uk/investment/detail?code=cotn:DES.L&display=discussion

If you are a member (free) you can then click on any username to view what they have said for the whole year. I have suggested the other names to show what abuse I have had from these people. Markyar also posted a number of abusive messages about my family & me on ADVFN. This resulted in me hunting him down on here. I have already apologised for that revenge posting. I report all posts I consider abusive so some will have been removed by iii support if they feel my complaint is valid. I have never has any of my posting removed but funny enough all these other people have.

Kickoff3pm to view my posts
Markyar to view theirs
Awok to view theirs
von barron 2 to view theirs
ruddyy to view theirs

iii is a site where postings cant be edited or removed by the poster after the event I might add, read a few posting from each month. You see I am an average punter who has opinions and likes to express them freely. I welcome opposing views but not abuse ( I can give as good as I get there). You will see I have made mistakes, youll see I often say Im no expert on Des or Oil. Im not perfect; Im just someone who decided that this share although worth being in for the drill, would stagnate for 4-6 months. You will find a post to that effect some 5-6 months back in that archive.

Its from this point I really started to have problems on iii. Some people dont like you looking at the negatives. A smaller number will do almost anything to try and stop you expressing such views. If you look at the responses to my negative posts you see the same people again and again. You will also see the posts backing me up and even thanking me for providing a balanced view on that board.

I dont regard bringing negative opinions or information to share holders as a bad thing. I have always said my posting are for short-term holders or people concerned about the share price in the short term. With each posting I supply reasoning and logic for readers to assess and decide their self.

I have been accused of telling people to sell their shares. This is a blatant lie; I always take great care to keep away from giving direct advice like that. I have seen people do that all the time in all shares but I dont. Even when asked I have given opinions on both sides and told the person only they can decide what to do with their money.

I have only ever as far, as I can recall, put up a SELL note on any Des board. That was when the 01/07/05 RNS came confirming that they where having problems booking a rig. The reason I did that at that time was because that RNS was sent last thing Friday night and it was sure to have an impact the following week. In that following week the share price went from 40.25 to 35.25 so I was right to warn people and if anyone did act on that then they saved themselves some money. Surely people would be pleased for that. As it is the share has had a bit more news and the RH IPO to lift it back.

Now if you look at the reverse of that and take a look at the rampers stories that get posted

Expect rig news at the AGM
Des holding back rig news to help RH IPO expect rig news then.
RH to buy into Desire
etc etc etc

If any of these enticed people to top-up or invest then they would have lost money. A typical example was people predicting the SP post 45p issue. Some were saying as soon as the issue was over people desperate to get in would pile in take the SP above a 1.00. My view was although the issue must be worth taking we would need to see how many extra shares were given to those who asked for them. This would tell us if the was such demand.

When the extra shares came though I was very surprised at the number I got. I expected 10% at most and think I got more the 50% of what I asked for. This led me to think maybe the demand would not be there. Was I wrong for expressing that view?

At that time what I couldnt understand was why had the SP slipped from almost 70p to just above 45p in a month or so? Can anyone else think of a reason for that? This was pre the issue. Take a look at this and note the dates

05/01/05 an article in the Guardian reports: the shares fell 1.25p to 60p amid whispers that it is putting the finishing touches to a 20m institutional fundraising at 50p. Market gossips believe the cash will be used to start exploration drilling in the North Falklands basin and suggest Desire has decided at present not to join forces with a larger oil company to develop the site.

Fact one - Institution knew about the share issue when the share was 60p and above.
Fact two - The share holders found out more then one month later, the SP had already dropped down to 50p and had just rose slightly back to 55p on this speculation of the issue yet no one could explain the falls day after day.

14/02/05 RNS arrives - Desire announces that it is proposing a placing of 35,555,556 Placing Shares at 45p per share and an Open Offer of 20,335,100 are many.

Consider this, if you knew the share you currently held could be replaced for a quick 20-25% profit would you be tempted to sell the current ones at 60p and above and then buy them back at 45p. Would you do it, would anyone you know do? The talk on the boards at the time was you might as well buy into the open issue and sell your current shares now at 55p. But I suggested some people had already done that. Remember some people had over a month advantage over the shareholders. - Is that fair comment? some think not.


Im sorry this has gone on a bit long, Ill cut off now.
Thing is I could go on but I think I have made my point. Its all in those achieves as I say. Just keep an open mind is all I ask.

KO.

Interesting for a rough cost comparison.

http://www.scandoil.com/moxie/news/contracts/new-contract-for-bulford-.shtml

Dolphin Drilling Ltd., a subsidiary of Fred. Olsen Energy ASA, has received a Letter of Intent from Equator Exploration Ltd. for a five well drilling programme, with an estimated duration of 210 days, offshore West Africa for the semi-submersible rig Bulford Dolphin.
Estimated contract value is USD 37.5 million including a mobilisation fee of USD 6 million. The unit is presently preparing for demobilisation from offshore Mexico having recently been released by Pemex and will depart to West Africa imminently.

Hi all

No change in todays open & closing price. The candle is not a doji as it is sometimes when there is no price change. The candle appears bearish, however, it has matching bottoms with yesterdays candle. The candle also has a lower shadow, which is where the bulls gave support. The bears had intended to close DES on the low of the shadow. The candle therfore gives bullish implications, confirmation of this will be if DES closes above todays close. The candle is also sitting ontop of the rising window, which is roughly where I see support. The 200 day moving average is still moving up and is still above 0.4600p. DES is a bit lower down in the Bollinger bands, which means the bulls may see it as a time for buying. The three month up trend is still intact, I still feel the market intends to move DES up further. However we will still meet resistance at the 200 day moving average and 0.4800p. Britishbulls.com have DES on a buy if.




Good Luck All

Eddie

Good Evening Coeliac1,

I'm sorry you have no respect or interest in my postings or indeed Tesco red wine! I'm no Guru just a fellow investor adding his bit to the discussion. At least I've got the bottle to put my neck on the line and express my price targets in hopefully a pleasent manner.
Kind regards
JPDM Fortunemaker

coeliac1, and all the negative posters, this stock really isn't that speculative, the oil is there and it's Desire's. The technolgy has improved and it's just a case of being patient for a huge oil field to come online. I have been a holder of DES for many yrs and seen a lot of ups and downs, this is the most exciting stock to watch for the future and I'm quite pleased there is now difference of opinion as that means a big price hike soon, as with others such as YOO. Not sure if you know something and are trying to run the price down but it never works and i predict 50plus in the next mth, you can quote me on it later if i'm wrong but you know i'm right.

Agreed Robstuff

JP "Agreed Robstuff "?

I surprised at you JP, what's in that post you agree with may I ask?

That it's now a fact Desire will find a "huge oil field".

A big price hike soon and a rise to "50p next week".

Both of these seem to go against your postings elsewhere. Why only Monday on two other boards included the following -

"This would mean this week 38p and next week returning above 40p. upto mid year numbers from Desire I believe expected in September we could see 44p as a central figure and I don't discount 48p."

I think you would agree it would take a lot to get to 25% next week. The price maybe showing some small rise now but we both know selling has been going on most of the last 5 or 6 days. The other point - You have always maintained the stance that this share no matter what anyone says it still high risk. Anyone thinking anything else is blinkered, it's a punt like any other, some say 10/1, I just know it's less the 50-50.

If you chould clear this up please as you have often stated your concern over clarity or are we simply seeing your reaction to the criticism of you further up the board ? If so, I don't think it's in anyones interest to encourage these positive v negative postings do you? All info is positive so much better to keep to opinion and give solid reasons to back those up not just rant at people like robstuff.

All the best, and good luck with your Q&A Thursday on iii.

KO.

Tension seems to be on a high at the moment waiting news as the share price is stagnant at moment but how I came in to this share was from a friend who was an accountant who serves the oil industry and back in 1998 his friend was 2 nd in command on the rig and he rang him an told him they had hit oil and was free flowing oil to the surface and to buy as many share possible and I did and he did as well and the rest is history.

It took 2 to 3 years before shell came out the closet and said they had oil shows..oil shows it was free flowing and capped all am saying is dont kid yourself there is not oil there and I believe there is a lot on the politics front that has gone on and still does which we dont know about the hole region has now opened up with the likes of FOGL ,BOR, RKH, and the others.

Its no a matter any more if we go drilling its when!

KO I have UN filtered you on here for the time been and top bit has been removed its time to move on and look forward not look back I hope you can do that.
Also there is nothing stopping you starting your own thread on money-am on the people who enjoy your technical thoughts but ask you to keep them to other threads or your own thread as the chartists do a great job on here and should be respected on the professionalism.

I would like to thank the staff at moneyam who responded promptly to my request to have the notice removed.

"As per the data protection act, we're unable to provide any names or
addresses to anyone that doesn't have a warrant.

I have, however, removed the comment as it serves no real purpose other
than to taunt you, and I've requested (privately) that he refrain from
doing anything like it in future."

This board gives people the tools to ignore posters they don't want to read. I don't and never have had these problems discusing any other share. I suspect this problem must be to do with Des and the people it's collected in the past. We all know the history and what happens when your money gets trapped in a share but I have found far more decent people then not so I continue to post. As always it's the minority that get the focus.

KO.

Why has the moneyam BB succumb to all the personal remarks that afflict the other BB's? There was a time where you could come here to find just news, rumours and analysis. Nowadays you can barely find the information thats hidden amongst posters egotistical rants. Could someone please email me when normal service is resumed?

Ed, keep up the good work..

Regards
Lynnzal

Wondered where you'd got to marky, looks like you could use some of my BP tabs
(Ramipril) - chill out kiddo!

scaleyman

Hi Scaley,

Must go for that pint some time as not a million miles away and that country air might do you the world of good and keep that BP down.

He said 50p in the next month not next week KO3, re-read his post!

I also greatly enjoy reading the posts on Moneyam and have done since mentioned to me by Marky a year ago. I will continue to watch and enjoy the informative posts here. I post mainly on iii and ADVFN and there I'll stay as such, my px targets here I think would only encourage this BB to get clogged up with mindless bickering as seems to have befallen iii and ADVFN.

So, this is my last post for the time being here, no PX targets will get posted here and thanks for all the informative posts which I much appreciate reading here on a regular basis.

Good luck to all and happy hunting
JPDM

Hi all

DES moved up slightly today, however the volume of trades wasn't very high. The recent news of crude oil trading at 67 + usd, may put the market in a more bullish mood tomorrow. The oil and gas sector (UB07) moved down today, the candle is a near doji (meaning not perfect) which appears to be forming a morning doji star. This pattern mormaly forms before an up movement, however the last one failed to move up. I think due to the recent news the market will be more bullish tomorrow. DES should get the buy confirmation. The support for DES is still at the rising trend line & as far down as 0.4025p. The bulls came in at exactly 0.4025p yesterday, this is the low of the rising window (the shadow under the main body). With the 200 day moving average still moving up & 10 & 20 day moving averages moving up also, DES looks likley to continue up.




Good Luck all

Eddie

Thanks, Eduardo for your daily input.

Been away for a few days and frankly feel that not much is in the background at the moment...just a waiting game.

There now....that should make somewthing happen

Yep thank you Eddie.

skinnyoldgit i hope i have spelt that ok good to have you back.

You never no whats round the corner

Hi Marky, Thanks for that.

Had to take the wife away for a treat..cost me a few bob, but got lucky being long of the Nikkei for a week and closed that off.

Also been taking care of business on some threads. You may have noticed.

Someone's being abusive to JP and I'm not too keen on that sort of thing.

All threads now tainted with excessive posts on the subject but I am going for the filter choice so I don't have to read the crap.

I see that Chelsea won 4-0 tonite. Believe a poster lost some money....shame.

Hopefully the message will get through and this thread will return to some sanity and friendliness.

Regards FOG

Hi fatoldgit, nice to have you back. Was it the AA you were at ?

Hi markymar, your right. Unless it's Chesty Morgan.

Kind Regards

Eddie

Eddie....now, now....my only drink problem is that I don't drink enough!!!!

Furthermore, you have just dated yourself...Chesty Morgan indeed. Blimey, I was only about 15 when she was around!!!