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 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 Unfortunatly DES closed under the support 0.2450p today, this means it is no longer valid.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

http://www.ihsenergy.com/news/presentations/nape_2005/room2/falklands_richards.pdf

Hustler try slide 8 but it as near backs up what i was told just missed the capped bit out.

I have been away from the computer for a few days but noticed an article in the FT on Friday that stated that Encana are rumoured to be about to receive a bid from Shell, Talisman's bid for Paladin was also mentioned. Surprised there isn't more talk of this here-only Marky has raised the topic. Hoping Desire aren't taken over before we have discovered significant quantities of oil. Pleased to see the chart looking more and more like the end of May.

Thank you Eddie for pointing out the spring.

Talking is done, Chaco Resources got their news as promised, I don't understand why you guys are still in the dark? It won't be good news I'm told but not the end of the world.

The above messae talks of a takeover for Encana, it's all nuts, no such talk is taking place. BP and indeed Shell are looking but nothing is happening at the moment and don't get any hopes of DES PET being taken over.

Dave or KO or Driftwood,crap web site amazed you make any money,maybe thats why you spend so much time on here as you have nothing to do.

EDITED by MoneyAM - content of link my cause offence