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

Morning all,

When in business it does not matter how hard you plan things out and try to plan for the future s*it happens and things change and you must pick yourselves up and adapt to them changes and re-plan again and I believe the board are doing this to the best of there ability and still very pleased that we have Peak Group doing this on behalf of Desire.

This time last year we were awaiting the results of the 3D seismic and did not have any money and the share price was about the same level as it is now so what has changed?

We have 25 million in the bank ready to fund a 3 well dual target drilling program

We have a partner who is fully committed with funds in place at the moment.

The 3D seismic came up trumps and was of excellent quality and the BGS are over the moon with its findings and we have a total of 16 prospects identified so far of which all of them are large.

Oil price $60 a barrel

Acquired a 100% interest in Tranche F

We await Peak Group to find a suitable rig to re start drilling and preparation for all other logistics to be put in place, and that is the only problem we have apart from the SP is at the same level as it was a year ago, I for one am sitting on large losses(KO Smiles there) but that will change when a suitable rig is found and drilling re-starts until that time am happy to sit back and top up when ever I can and take advantage of the low share price and benefit from the longer this takes the less capital gains tax I will pay when I come to sell my shares when drilling commences.

Its not a question any more if we will drill any more but when and how much oil we find when we do.

Marky/Lynnzal

I fully agree with your posts but would wish to add that we (as shareholders) should have been better informed. I am still of the opinion that with different management we would have been drilling this year.
I think our problem is that CP has too much control and not enough skill to broker the bigger deal.
I truely believe that we will have our day but not sure there is a timetable in place.

kind regards

marrow

D1

Given that Tuesday has past and gone (for a week) would I be right in thinking there is now to be no deal done?

kind regards

marrow

The share price should of gone up again today looking at the trades.more buys than sells and the price goes down the same as yesterday.

Hi all

Yes Markymar it does appear that way, even if you add the unknown to the sells. Unfortunatly DES closed under the support 0.2450p today, this means it is no longer valid. The next support area as Lynnzal has said is 0.2250p. We are also running out of days (14 - 21), is suggested there should be a significant recovery. The change is from when DES meets the target price. The calculation use to arrive at (0.2800p) target, is 69% acurate. Knowing our luck it will be on the 31% side. Todays candle has bearish implications, all the more reason to be visiting 0.2250p. The oil & gas sector went down today, only 6 moved up. Britishbulls.com has DES on a wait.





Good Luck All

Eddie

Marrow, D1 frequetly makes comments without real substance. If u had read my sarcastic response you would perhaps have gathered that. Anyway, like I said before, lots of speculation regarding farmins and rig announcements over the past few months and if you keep acting like you know something, you will eventually be right (as long as you remains vague enough about what you alledgedly know). In other words take his remarks with a pinch of salt.
Markymar manages to come up with all sorts of intersting snippets of info, so watch out for those and make your own mind up and Eddie give great tech analysis of the candlestick chart.
Regards
Lynnzal

Further to my #1904, the market extended slightly lower to a minimal wave five projection at 24.25p (think it traded 23.5p at some point). The subsequent bounce has been sharp and may have already met an ideal recovery objective at 28p as my calculations suggest somewhere between 27p and 28.75p for a pullback.
Gains through the former base at 28.5p would suggest that the longer-term decline from 69.75p is indeed corrective, although firm confirmation can only be considered above the 45.25p lower high.
Risk still remains to the downside and there are various supports clustering around 20p that act as a draw. Note, the confluence of several supports can often be a good sign in terms of the strength of support or resistance in a particular area.
Regards
Lynnzal
21/10/05 NOTE - having reviewed my data this morning I notice that Thursday's high has been editied to 26.5 by my data vendor. Therefore, we still have scope for further recovery towards 27~28.75p.

Hi all

Thanks to all for the input.

Nice to see a move up at last. Todays candle has bullish implications, if DES continues up tomorrow, we will have whats known as a spring. This will show on the weekly chart as a small puncture of the support (0.2450p). This is regarded as a bullish move. The Britishbulls.com have the 3 day pattern as a morning star which is also regarded as a bullish signal ( this is not the classic morning star however). The Britishbulls.com has DES on a buy if again, we will need confirmation of this tomorrow. All being well we should see a continuation up tomorrow. DES was 7th highest mover by % in the oil & gas sector (UB07) today.





Good Luck All

Eddie

Happy talk, keep talking happy talk
Talk about things you like to do
You got to have a dream, if you don't have a dream
How you gonna have a dream come true?
Talk about the moon floating in the sky
Looking at a lily on the lake
Talk about a bird learning how to fly
Making all the music he can make!
Happy talk, keep talking happy talk
Talk about things you like to do
You got to have a dream, if you don't have a dream
How you come not have a dream come true?
Talk about the sparrow looking like a toy
Peeking through the branches of a tree
Talk about the girl, talk about the boy
Counting all the ripples on the sea
Happy talk, keep talking happy talk
Talk about things you like to do
You got to have a dream, if you don't have a dream
How you come not have a dream come true?
Talk about the boy saying to the girl
Golly, baby, I'm a lucky cuss
Talk about the girl saying to the boy
You an' me is lucky to be us
Happy talk, keep talking happy talk
Talk about things you like to do
You got to have a dream, if you don't have a dream
How you come not have a dream come true?
If you don't talk happy, and you never have dream
Then you'll never have a dream come true!
It's good idea, you like? Ah ah ah!

Oh,FFS!

Didn't realise they let Sutcliffe have acsess to
such modern music even though it is years old , shame
never mind must be hard passing time in that padded cell
must drive you mad.
Perhaps they will let him out on day release, with a bit of luck
and then we all could Hammer it out with him.
What a pleasure i would love the chance to vent my anger
at present.
HUSTLER

D1

us or US

marrow

Its time to play the music. Its time to light the lights.
Its time to meet the Muppets on the Muppet Show tonight.

Its time to put on makeup. Its time to dress up right.
Its time to raise the curtain on the Muppet Show tonight.

Why do we always come here? I guess well never know.
Its like a kind of torture to have to watch the show.

And now lets get things started. Why dont you get things started?
Its time to get things started
On the most sensational, inspirational, celebrational, Muppetational
This is what we call the Muppet Show!

If youre a human being, take a break from the race
Take a load off your feet, wipe the load off your face
Got a lot to do and we do it for you
Everybody take your place.

Ko,

Carry on and i will start playing games and i have not even started yet!

I suggest you remove your post.

http://www.guardian.co.uk/oil/story/0,11319,1597306,00.html

Just read an interesting article in the Guardian newspaper about Talisman taking over Paladin Resources.

Whats interesting is that they are paying $15 a barrel and Paladin has proven and probable reserves of about 190m barrels.

Now when you look what Desire could possibly be sitting on compared to Paladin it makes this share look as cheap as chips as if we hit oil when drilling does recommence then the probable goes out the window and the word proven reserves is used, not only will the share price go through the roof all other prospects then get re-rated as at the moment very little is priced in to the share price as proven reserves and we are not talking a million we are talking billions of barrels Desire could be sitting on.

Just a thought but does make think why its worth holding these shares.

Hi all

Thanks Markymar.

I will post a weekly chart tonight each candle has 1 weeks value, this shows where the supoort area is on the weekly candles. This weeks candle has bullish implications, it shows the bulls have given support at this level. The support on the daily chart was punctured slightly. The bulls have pushed the share price back up above 0.2450p. Todays candle (on the daily chart) is a doji which suggests there is indecission, this could be that the oil & gas sector took a dive today. DES is currently above the falling resistance line, this line has been forming since the gap down (22/09/05). DES has been above this line for the last 2 days. There was a large sell which came late in the day, this may affect Mondays opening price. Britishbulls.com still have DES on a buy if. Going back to the oil & gas sector, it has taken a bit of a battering just of late. I think we may be seeing some recovery next week.





Good Luck All

Eddie

Marky

Possibly If Could

3 wells to drill, 3 chances
no rig, or sign of rig
no oil=no value
Share price has more than halved
I admire your faith and resilience in the face of the odds.

C

coeliac1,

The reason I first bought in to this share was I was told the from the houses mouth that Shell had hit a gusher and had to cap the well, I dont think after all these years in anything I have ever read that one well was capped by Shell but I believe what I was told as the bloke was on the Borgny Dolphin back in 1998.

All I have ever read was 5 out of 6 had oil shows so am either wrong with my info or going to be a very rich man, I like to think very rich hence accumulated a lot of shares since 1998 and believe in the findings of the BGS who are funded mostly by?

By the way so far 3 holes will be drilled all with mulit targets so that means 6 prospects and if Liz comes up trumps she is at least 6 times bigger than Paladian has at the moment.

Its a once in a life time opportunity and very happy with my ticket, and I dont buy a lottery ticket as the odds are terrible I like the odds of 4 to1 with the minimum of 6 chances so far.

The rig will come funds are in place 2006 or 2007 i dont care 2007 better for capital gains on recent buys, but there again am buying when ever i have fresh money.

coeliac1 are you really sick as suggested by your name. I think it is shamefull to make light of such a terrible medical condition. Therefor stick to driftwood1 or KO, eh. I have to say, I really do wonder why you continue to hang around ..other than trying to be clever with markymar.
I've been talking bearish about DES for some time now and have avoided upsetting all the poeple that you have......why do you do it?
Give everyone a break. Stick to your own trading strategy and if you have something valid to say then say it. It's almost a year since you have started trading now and I think you should try to be a bit more constructive in your approach to the markets. Still thats my opinion and I cannot stop anyone playing childish games. I just feel there are better ways for you to find satisfaction.
Rgds
Lynnzal

Hi Marky Eddie Lynnzal and other hardliners.
Marky you heard it from the horses mouth,ref your last post.
Good enough for me, typing error.
I know i blow hot and cold, but i believe with good reason
as been burnt badly before, i like management to deliver what
they promise, what they say, and on time. We all know this is a highly volatile stock.But the potential
Upside is massive if delivered, downside now not to much given the current sp
with cash support at 16p. But still a rock and a hard place holding your nerve.
What i do struggle to get my head around is we can't find a rig because
crude price has doubled shouldn't we be singing as if believed, 2bill barrels
potential to recover, raises the potential nav from est 25 Bill to 50 Biil sterling
scary numbers i know so why the crap sp.
Been holding for a long time and will continue without selling
in for the ride to exhaustion.
will try to ignore the minority wind up merchants in future
who only stir it up with no substance.
Wishing well to all supporters just hope the waiting
game doesn't go on for to much longer.
hustler