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

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!!!

Hi fatoldgit

I didn't say I remember her. I had just heard of her.

Tesco's own for ever !

Kind Regards

Eddie

God that going a long way back if only 15 teen

will ask granparents about it

Hey up Marky, been down pit again...working late,lol Hiya Brian, my apologies... I didn't mean to sound short with you on the other board but honestly it beggers belief that 110 posts have been filtered today on my computer and it's been brilliant...problem sorted and Lynnzal please do keep up the good work; as somebody said you do that for no pennies and it is much appreciated. Cheers

Ruddyy, no worries, only spotted you this am...us old 'uns have to be in bed by 10.30pm!!!

Is that what time they turn the lights off in the old folks home Slimoldgit, at least we have some blue sky today not which i will see much of been down the pit today Ruddy.

Well better put them boots on and get my gas lamp..i ho i ho off to work i go

Hi all

DES managed to close up a little higher today. The volume was very low, this created a doji candle. The fact that DES had a gap, but failed to close higher, means the pattern forming could be a doji star. This pattern normaly appears at the top of an up trend. However DES has only moved up slightly over the past couple of days. I don't think the up trend is established enough to be significant. The Britishbulls.com have DES on a sell if. Confirmation of the pattern will be if DES closes bellow todays close. The three month up trend is still intact, as are the moving averages. The 200 day moving average is currently at 0.4637p, which is still moveing up. I have posted a slightly different chart showing Zig lables, these show the peak & trough prices of the major moves and corrections. This shows the support & resistance prices.





Good Luck All

Eddie

Hi All
Blimey , this BB is getting busy but to be honest i only pay attn to regulars Eddie , Marky and Lynnzal. Eddie , i like the Zig lables , maybe you can show these every so often ?
Thanks to Marky and Lynnzal for your posts too!

Hi berlingo

If you find the Zig labels usefull I will show them. How often do you think ? Maybe each Friday ?

Kind Regards

Eddie

Thanks Eddie, Marky, Lynzall, and Regulars.
Ignore the gutter rats.
Regards
HUSTLER

somebody on here causing trouble under the handle STOPABUSENOW.
To get rid of it all just SQUELCH (top of page)

STOPABUSENOW reported to MoneyAM.

I imagine they will STOPABUSENOW

Hello,

I've removed all posts by STOPABUSENOW.

Please email support@moneyam.com if it happens again (and I haven't noticed it)

J.