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

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.

Much appreciated MoneyAM

Hi Eddie
Every Friday would be great if you dont mind and others dont object.
Regards
Berlingo

Good idea Eddie Zig zag labels are much better to understand am with Berlingo in the white van

Eddie, I agree with the others about the labels. It would also help for when I post on here.
Regards..

Hi all

Thanks to all for the input about the Zig labels.

Lynnzal would you mind updating the board for the next couple of weeks. I can update Monday and Tuesday if you like. I will be on holiday from the 31/08/05 - 15/09/05.

Des made a small gain today, volume was low. DES is still moving up along the rising support line. The 200 day moving average has droped slightly today. The bulls will need to come in with support to keep the average moving up. DES moved up over the 10 day moving average again. If we get a continuation up, We can regard yesterdays gap up as support. The support is at 0.4025p at the moment. The size of the candles are reduced in size and with the doji yesterday, this indicates indecision. This may be because the oil sector has been moving down for the past few days. DES is getting closer to the resistance area, a decision should be made soon, which way the market intends to take DES. The three month up trend being still intact, I think the market will continue in this direction. However the resistance area of 0.4800p (as per Lynnzal) may take a little while to clear. Next week (01/09/05) DES has its interim anouncements, the market may be waiting for this to decide.





Here is the weekly chart, candles have 1 weeks value. You can see we have a doji, which shows indecision.





Good Luck All

Eddie

Cheers Eddie, you going some where hot for hols?

You never know this time next year could be Maldives or Bahamas in style only time will tell.

Also Eddie I can up date on Monday for you and I and in my crystal ball its not going up or down the share price that is one thing I know for sure.

Lucky swine 2 holidays this year my holiday is when kids go on stop over for a night.

Hi markymar

I'm off to Portugal. It will have to be the Bahamas next, we went to the Maldives for our honeymoon. It was fab, a dream. Does your crystall ball say DES could go sideways also ? I think up myseslf, as thats what happend last time I went away.

Kind Regards

Eddie

you said bahamas marky
12 to 18 months time perhaps we could buy it
between us,
looking forward to the real upswing
ever hopefull
HUSTLER

Hi Eduardo,
Have a great holiday,

You might like a little wine tip,

There is a Portugese grape variety called "Touriga Nacional" which was originally used for making Port and which they are now using for some excellent table wines.

If you are treating Mrs Eddieshare to a posh dinner, have a look at the wine list and see if you can spot some.

It is difficult to find and may set you back 20+ per bottle ....but it is to die for!!!

Have a good one fog

Hi all

First of all I must say my heart goes out to the USA. For those who have lost their lives and those bereaved. It's a sad and awfull time.

I have drawn a different chart again, this shows the support and resistance channel that DES is currently moving in.

DES had more sells than buys today yet DES moved up. It must be the MMs suggesting the price should be moving up. The day opened with a gap up then traded down to the support, then continued to move up closing on the high of the day. This move gives bullish implications, tomorrows trading should confirm this, if the close is above todays close. The 200 day moving average has gone down a bit more today. The candels are above the 10 & 20 day moving averages, which are moving up. These indicators along with DES being above the risisng support line, suggest the market is still intending to move DES up.




fatoldgit

I might just try this wine, it better be good for 20.00p though !
Good Luck All

Eddie