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

Signed - A floater from Huston, the rig will be taken out of cold and be on a six month contract. You can bet it's not going here folks.

That RNS? now more like 60/40, time is not on your side sorry. If you don't get it byTuesday you may need your hard hat if you still hold these.

Hi all

Looking at the trades it appeared there were more buys than sells today. Unfortunatly the chart suggests different. Todays candle has bearish implications, DES gave back most of yesterdays gains. DES is still trading very close to the 0.2450p support area, which is also close to the suggested 22% decline (from the breakout price) for this chart pattern. DES has currently declined 23.7% since the breakout price. The buy if on Britishbulls.com has changed to wait.





Good Luck All

Eddie

hahahaha....driftwood, you are indeed very funny. I suspect you talk to flowers and read tea leafs too! What on earth are you on about now? The imaginary RNS didn't happen on Friday did it?...maybe next week or the week after. Failing that I would say sometime the next month or else before the end of the year. And when it arrives the sp will either go up or down depending on the content. Of course if it doesn't arrive in 2005 the RNS will definately turn up in 2006. Mark my words and remember what I have just said (lol). I will be proved right and you will all sit up and take notice of me.
There driftwood....you don't need to bother posting anymore, because I have doen it all for you. Thanks for absolutely nothing.
Isn't it true that the hands of a broken clock tell the right time twice a day....

Well done Lynnzall
The bloke is like a laxative - just gives you the shits.
However there will be news in time, no news we go lower
then vultures will prey and take over and news will come, or
rig secured and news will come, the board is obviously
aware so throw the dice. Who knows what it will land on.
Appriciate your imput along with others.
We are stuck between a rock and a hard place at present
with most supporters doing thier brains.
Fortune favours the brave they say just hope it's true
in our case.
Hustler

"guess it's an RNS on Friday"

Guess you don't know what "guess" means and sorry you guys I thought you knew a bit more then you clearly do. It would be nice to make direct statements but the law you know. I'm here to play (as I have told you). It's up to you to think around the words if you wish to.

A tip, don't think about what you might wish for or moving this project two years forward, think about what might be going on right now and who might be talking. Changes are afoot and it will impact the SP in Oct, at the moment 60/40 for the best but the deal is not signed.

A tip, ypu are full of b*shit... More profound statements! Changes are afoot eh...yawn. The law of what, bye the way?
Lets have some facts and if u want to say something but are scared of 'the law' Tell them you heard the information from me.
Say something meaningful, before you lose any credibility.
Thanks1

You seem to think I want something from you, I don't.

I'll have my fun and you think what you like laddie.

One point, b*shit ? check what I've told you, have I been wrong ? perhaps you are just too stupid to work it out kipper.

D1

Do you hold des shares or intend to in the near future?

Given the non events of the last year, I for one, can easily see why changes could very well be afoot. Not only in stragedy but also in leadership.

I would welcome a less cryptic message next time should you decide to post again on this matter.

kind regards

marrow

KO,

Stop winding people up there is no need for it.

http://www.falkland-malvinas.com/Detalle.asp?NUM=6606


Desires progress continues



DESIRE Petroleum plc continues to progress towards exploratory drilling in the Falklands.



Chief Executive Ian Duncan was in the Islands earlier this month along with a representative of consultants RPS Group plc, to work on an Environmental Impact Assessment (EIA).
Mr Duncan said Desires EIA will be an update on that carried out in 1998 and preparation work involved meetings with the governments Minerals, Fisheries, Public Works and Environmental Planning departments, along with Falklands Conservation and government officials.

He said RPS will now work on EIA with a view to submitting it at the end of November. It will publish in the Gazette then a forty-two day consultation period will begin. This will involve a public meeting, which Mr Duncan will attend, which is expected to take place in February.

According to Mr Duncan, Desire is very conscious of the importance of the Falkland Islands environment, ...and we must do everything properly. The EIA, he said, is part of that proper approach.

He added, A lot of time has passed since 1998, we need to address any issues that people may have today. We want to involve people in the process, we want to be open and transparent - were aware of our responsibilities.

Originally, Desires exploratory drilling, planned to take place in the summer, has been delayed due to the unavailability of a rig. Mr Duncan said, Were still looking for a rig; Peak Well Management (contracted by Desire) is involved with drilling around 30 wells worldwide and is talking to all the major owners. So we will get one, hopefully sooner, rather than later.

He said the drilling, which will take place in the same area as the 1998 exploration, will take a shorter time than it did then.

We are looking at around 100 days, adding, ...theres good base line information, its a very routine operation.
Were very well up on the learning curve. (PN)

"You seem to think I want something from you, I don't.

I'll have my fun and you think what you like laddie.

One point, b*shit ? check what I've told you, have I been wrong ? perhaps you are just too stupid to work it out kipper."

Listen here pup, you have not been wrong because you have never stated any clear facts, just usual cryptic messages that mean nothing. You are a dreamer and amuze yourself with silly games. Yes, I can think what I like and I know what I know.... I have been in the city over 20 years and suspect I could teach you just a thing or two laddy. You clearly don't impress anyone on this bb and although that does not mean that you have no right to comment in open forum, you ought to grow up a little.

http://www.thisismoney.co.uk/investing-and-markets/tips-and-tactics/article.html?in_article_id=404365&in_page_id=23

Framlington's star manager
David Burrows, This is Money
17 October 2005
THIS week, in our regular Fundwatch column, David Burrows talks to the man behind the top-performing Framlington Monthly Income fund.

GEORGE Luckraft's Framlington Monthly Income fund has a record for consistent top performance that other fund managers must envy. The fund currently has a top-five ranking over one and three years showing returns of just under 70% over three years.

Luckraft explains some of the key themes that have helped him to outperform most of his peers.

He identifies oil as a major play. 'The oil price is likely to stay above $50 a barrel for the foreseeable future with a danger that it could spike considerably higher if we get either unrest in some of the oil exporting nations, or we see new violence in Iraq,' he says. 'There's plenty of oil in Iran and Iraq but with their regimes not particularly stable, it will be difficult to get the investment that's required there. Also, the quality of crude in Iraq is declining due to a lack of proper operations within the fields, which is just worsening the current shortages.'


Oil companies within Luckraft's portfolio include Royal Dutch Shell and BP.


One area that he is not keen on is High Street retailers as he has real concerns over consumer debt in the UK. 'The levels of growth we have seen in personal debt are unsustainable and, as such, the UK economy is going through a tougher time. Generally, I'm not favouring consumer-related stocks because of this current environment.'

He feels there has been a definite slow down already in retail spending with oil prices acting as an added tax on the consumer's pocket. Luckraft is also concerned that the current oil situation will have a knock on effect on inflation levels.


He believes corporate activity in particular merger and acquisition will pick up providing good buying opportunities. He believes large European corporates will use the low interest rates to make acquisitions in the UK.

'It's going to be a stockpicker's market, and, providing we avoid the pitfalls, we'll reap some benefits from bid approaches. The pipeline for new issues looks very busy and, as always when there's a lot of corporate activity happening, there's the good, the bad and the ugly to sift through. We hope to identify the good ones and make some money for our investors.'


Luckraft picks out some of the 'good' names that have been added to the fund portfolio, one of which is in line to benefit from Chinese eating habits. 'Devro, the sausage skin manufacturers is an interesting story. We expect this stock to benefit from the predicted increase in sausage consumption expected in China. Then there is Renova Energy, which turns grain into ethanol. This is performing well, following recent US legislation passed to increase the amount of ethanol to be used for reducing the dependence on oil, but also because of greenhouse gas emissions.'


Cambrian Mining is another stock Luckraft is bullish on. 'The company has stakes in Asia Energy and Western Canadian, both of which have substantial coal deposits that they are in the process of bringing to market.'

One of the few familiar retailer names to figure in the fund is Topps Tiles. Luckraft concedes that the stock is experiencing tougher trading conditions, but points out that it is still experiencing gross margins of above 60%.


Luckraft also mentions three recent purchases he has made over recent weeks. 'Brit Insurance is a Lloyd's insurer that offers an attractive yield in an industry where the strong will grow stronger. Diageo is a drinks company that has seen its shares underperform and we thought a prospective yield of 4% provided an attractive entry point.


'And finally, we added Rockhopper Exploration to the fund. The company has oil exploration rights in the Falkland Islands. On one of their blocks, Shell found oil which was uneconomic when oil prices were well below $20 a barrel. At current levels, the economics could work well.'

Hi all

Thanks to all for the updates.

DES moved down a tad more today. The volume was up from Fridays.
Todays candle is the hammer, which is said to be hammering out the bottom. DES also touched the area I still see as support 0.2450p. The hammer was formed by the bears pushing DES down to the low, then the bulls pushed the price back up. This created the long lower shadow. The hammer has bullish implications, but must be confirmed tomorrow. If the support 0.2450p is going to hold, DES should move up tomorrow. For the chart pattern Adam & Eve we are also expecting a move up between days 14 - 21 after the target price was hit (0.2800p). Britishbulls.com has DES on a buy if.





Good Luck All

Eddie

Nice work eddie, thanks.
Assuming we have seen the base (wave 5 terminus) of the decline from 31.5p then we should see a recovery towards the 27~29p area. If however, the market turns lower from current levels (25.5p) then we should see initial weakness towards 22.5p before a bounce. A break below 22.5p would scew the current wave count, but we'll cross that bridge if we come to it.
Regards all
Lynnzal

D1

Is there anything more you can add further to your earlier comments?

kind regards

m

Hi all

There appeared to be more buys than sells today, I feel DES was cheated out of a move up. Todays candle has bearish implications, however the support I see as 0.2450p is still intact. Todays close is just above the support, which means we will have to wait till tomorrow to see if it holds up. Just a little to close for comfort, we may yet see the lower support Lynnzal has mentioned 0.2250p.
The hammer is still support untill DES closes under 0.2450p.




Good Luck All

Eddie

Hi all.

Nearly halved in the last two months.
With nothing to give support so where are we realy going
sub 20p why not. 16p cash support and still nobody wants
to buy us out ??. I am now seriously concerned about the 3D survey,
has anyone a clue what level to average down if any, my stoploss was 50p
but hung in as most supporters believing drilling was around the corner,
greed took over. Begining to sound like a small drug company all over again,
promise the earth take your money and deliver nothing.
just look at the chart
we are being slaughtered.
So where is the management,
25 mill in the bank fat wages and on the piss
who is looking after who here
HUSTLER

Hustler
A stop is a stop. Nevermind you know what to do next time. I dont hold any des but my friends do.I am thinking of going long at 20p but if keep falling then will not touch.My stop will not be more than 3p.

Hustler

You are right to be angry. The management have failed their shareholders and yet again dissappointed the market. With luck there will be something to Driftwoods posts about a farmin partner and the current board will be replaced.

kind regards

marrow

While I agree with what you have said Marrow, as a trader I think it is more important to consider the timing of such events (farmins). Certainly as the SP falls away there may be increasing pressure on the current board, but when holding shares in this company, how long and how far can people be expected to tollerate increasing losses? There have been numerous mentions of farmins over several months on other BB's but none of any real substance. Until someone has facts rather then speculation I would tend to discount it.

Hustler, my advice is for you to re-establish a game plan and then stick to it regardless of your emotions. i.e. dont let your heart rule your head.
Pick a stop for your holding (or at least part of it) and then pick a level where you would re-establish what you have taken out. Remember to pick one level that is lower than where you have stopped and one that is higher than where you have stopped incase the market decides to turn when you weren't expecting it.