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

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

Lynnzal

I fail to see how my post could have upset anyone, especially Marky, who I think recognises my comment as a reasonable one.
Ditto your comment about my nickname. I don't expect anyone reads into it the same as you.

C

Marky
just visited the driftwood lead you posted
must say i was shocked, which gay focker is he??.
I had his profile as a 3'6 dwarf, fat, bald, head like a tin opener.
Shifter as well makes it even worse,
hustler

Rockhopper Exploration plc
24 October 2005



PRESS RELEASE

For immediate release: 24 October 2005

Rockhopper Exploration plc

Seismic Contract and Update

2D seismic - new data collection programme and update on interpretation of
existing data

Rockhopper Exploration plc (Rockhopper) is pleased to announce it has entered
into a contract with Geophysical Service Incorporated (GSI) to perform a 2D
seismic survey over licences PL023 & PL024 in the North Falkland Basin which
should be completed by the end of Q1 2006. The survey will consist of
approximately 900 km of acquisition.

Licences PL023 and PL024 extend over an area of 4200 km2 in water depths of
between 120m and 200m. Rockhopper has now completed an interpretation of the
existing 1832 km of 2D seismic data covering the licenced areas and the results
confirm the presence of a number of prospects and some 17 leads.

The J1 prospect is a robust 4 way closure, with potential oil-in-place of over
300 million barrels as assessed by Scott Pickford Limited. The J Central and J
North prospects have the potential to contain 90 and 30 million bbls
respectively in place based on the company's own estimates. The leads range in
size individually from 70 million bbls potentially in place to over 850 million
bbls potentially in place based on the company's own estimates.

The new survey is intended to better define the J1 prospect in licence PL024 as
well as a number of other leads and prospects in PL023 and PL024 which are have
been identified on the existing 2D data.

Rockhopper's other 100% licences, PL032 & PL033, are covered by approximately
1540 km of 2D and 368 km2 of 3D seismic data.

Licences PL032 and PL033, which lie in 350m to 500m of water contain a number of
prospects and leads which have been mapped at various levels. Most of these
prospects are downfaulted closures against the main fault at various levels on
the eastern basin margin. These range in size from 290 million barrels to 620
million barrels potentially in place according to the company's own estimates.
In addition to the downfaulted closures, two large 'pinch-out' prospects have
been mapped, one with over 150 million bbls potentially in place, the other with
over 1.5 billion bbls potentially in place based on the company's own estimates.
Further 3D seismic is required to develop the acreage for potential drilling.
Funding is in place for this new 3D and a programme has already been designed.

Contact:

Rockhopper Exploration plc
Sam Moody - Managing Director 01722 414 419

Hi all

No movement either way today, we have a four price doji (open, high, low & close all the same price). This suggest the market is indecisive. The volume was very low also today. Although there wasn't any movement DES is above the 10 day moving average. DES hasn't been above the 10 day moving average since 01/09/05. So the chart is looking slightly better.





Good Luck All

Eddie

Cheers Eddie

A little press on RKH today and we should get some news soon if they take up there 15% stake as a partner in the coming days.

Sorry to see my link to one of Ko web sites has been removed for now!

Rockhopper Exploration saw its shares rise 3p to 42p after it announced a new data collection programme and updated on interpretation of existing data. The company said it had entered into a contract with Geophysical Service Incorporated to perform a 2D seismic survey over licences PL023 & PL024 in the North Falkland Basin. These should be completed by the end of the first quarter of 2006. It said that these licenses extended over an area of 4,200 square kilomteres in water depths of between 120m and 200m. Rockhopper completed an interpretation of the existing 1,832 km of 2D seismic data covering the licensed areas and the results confirmed the presence of a number of prospects and some 17 leads.

Rumour on ADVFN re "Energy Searcher" Drillship possibility for April 2006? Any one
got more info?

Hi all

Not much volume again today, the market seems indecisive still. The sells were more than the buys today, sending DES down a little. DES is still above the 10 day moving average. The market should decide soon which way DES is to move. Britishbulls.com have DES on a wait tag at the moment. If the rumour of a rig is correct, this could be why the volume has slowed down.




Hi all

I will use the chart above. There was very little volume again today. DES has managed to move up slightly. DES is still above the 10 day moving average, which is now moving up also. DES is currently on a wait tag on Britishbulls.com. The Investors Chronical has DES on a buy (@ 0.3000p date 30/09/05). I dont know what was in the article, as I don't subscribe. Anyone else know ? The oil & gas sector has a buy confirmation on British bulls.com, this could bring the bulls back in for DES.


Good Luck All

Eddie

Some activity - a leak?

Not sure what's going on - NOP up, RKH up - prob. some others as well...

Hi all

Well that makes a nice change. Good volume today, bulls were out in force. The oil & gas sector moved down today, no confirmation on the buy if tag. DES was the highest mover by % in the oil & gas sector today. The Britishbulls.com have DES on a wait tag still. If we count back 14 days from today, we will be near the target price (0.2800p) for the Adam & Eve chart pattern. This pattern predicts a significant change between days 14 - 21 from the target price. The chart pattern is said to be a reversal of the previous trend. DES is still above the 10 day moving average and has shot through the 20 day moving average. These are good indicators. Some more of the same tomorrow please.





Good Luck All

Eddie

good luck Eddie you holders needed a bit of a lift,saw the rumour re Shell , not tempted yet in the present market

http://www.timesonline.co.uk/newspaper/0,,2706-1847211,00.html


Burren Energy dipped 20p to 785p as Frances Maurel & Prom, its partner in Congo, cut its booked reserves in the territory by 20 per cent in line with new accounting standards. Vague bid speculation sent Desire Petroleum up 3p to 29p. Psion gained 7p to 146p on a $15 million contract from SNCF, the French rail group.

Desire Petroleum, the oil explorer that has been unable to begin drilling around the Falkland Islands because of a lack of suitable rigs, jumped 13.3 per cent to 29p on talk it could have secured a drilling platform mixed with bid rumours

squirrel, where did you read that? If they've secured a rig, this will fly!!!

Apparently they have got the Borge Dolphin Drill Rig for next year

TheMaster, thanks - Where did you hear that? - Do you know when they'll get it? Surely they would have made an announcement

An oil worker colleague in Aberdeen told me.

Hi all

Thanks to all for your input.

DES made another great advance today, no confirmation of any rumours though. The volume has improved over the past couple of days. Yesterdays volume was similar to todays, however there were more bears out today. If you look at todays candle the shadows on the top & bottom represent the bears at work. The bulls managed to close on the + side. DES is currently at a resistance area (about 0.3150p) which may be the reason why DES didn't close at the days high. If we get confirmation of the rumours then the resistance will be behind us. DES is well above the 10 & 20 day moving averages, which have both started to move up now. DES is still on a wait tag with Britishbulls.com, the oil & gas sector is on a buy if. Other charts I look at (Renko, Kagi, Point & figure, 3 line break) are all giving good indications.





Here is the weekly chart which shows the support & resistance areas. The support @ 0.2400p. Reseistance is 0.3500p on the weekly chart, this happens to be in the middle of ( 0.4500p - 0.2400p = 0.2100p. 0.2100 / 2 =0.105. 0.4500 - 0.105 = 0.3450p. When DES clears 0.3450p, we should then be heading for 0.4500p. Again confirmation of the rumours would blow the resistance away.






Good Luck All

Eddie

Marky,

I realise you may be reluctant to say anything after the difficulties over the PSA, but do your contacts have any insight about the present rumours about securing a rig?