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

Oct 2005 News letter.
http://www.bgs.ac.uk/falklands-oil/download/download_files/news.pdf

Maybe we should tell Dr Duncan that the Regal 'King Alexander' rig is up for sale at a bargin price, since they have the money to purchase and operate themselves?

how much have des got for a rig because OILexco have just coffed up 82million $ for one year!

Capt,

Have you noticed that all the pictures were taken outsdie the same building. Oh, to have been a fly on the wall in the hotel restaurant in that week!

Hi all

DES gave back the small gain it made yesterday. The volume was low again today, the market seems uncertian which way to move at the moment. The support and resistance are very close together again (see chart), todays move suggests the market tested the support today, which did hold up (although the volume was very low). DES moved back under the 20 day moving average again today. Britishbulls.com still have DES on a buy if.






Good Luck All

Eddie

Hi all

I'll use the chart above.

The buy if was not confirmed, DES has now given back nearly all the gains from last weeks rally. The support and resistances have moved again (see chart). The bears were out in force, todays candle has bearish implications. The oil and gas sector moved down today, which certianly didn't help. The chart shows support at 0.2350p, however I think it is at 0.2425p. The bulls did show a bit of interset at the lower end of todays trading, this is represented by the shadow at the bottom of the candle.


Good Luck All

Eddie

Cheers Edd
Doing your best as always.
Thread has gone a bit quiet.
Not enough black arm bands to go round
we have all been f.....d doing our brains short term,
but have we the nerve or no option to hang in.
Hope not to many people have the mortgage on this one
going to be a bumpy ride, management doing nothing to
reasure us. However i still believe long term this will come good
not so sure it will be called Des though
just hope i live long enough to see it

hustler

Support from me Ed, as well.

Been a bit morose of late and a bit quiet....can't think why....then I snapped out of it and tried to buy a chunk of DES at 26p and....guess what... I missed it.

Incidentally, gone on a November diet, so there is room to add a bit of weight back over Xmas....diet includes no wine or alcohol....Blinking heck, life can be very boring when there's nought to drink.

I still keep the faith.

Hi all

Thanks Hustler & Fatoldgit.

Nice to see DES move back up today, DES regained the losses of yesterday.
todays candle has bullish implications, DES is back on a buy if on Britishbulls.com. The oil & gas sector moved down today, DES was the fourth highest mover by % in the oil & gas sector today. The buy if will need confirmation.





Good Luck All

Eddie

Cheers Edd & soon Slimoldgit
Looks like we will all be losing a few pounds come xmas the way this one is going.
Just canceled the Bently but put an order in
on a 3'' version in a box, dinky somthing i think
it's called from memory, but i will keep the box this time, thought i was smarter now
older but obviously not must be John Lowes brother Dinlow.

hustler

Hi all

Not much volume today again, DES gave back a small amount of yesterdays gains. The buy if was not confirmed, however it is still buy if for Monday. I will post a weekly chart which shows the support at the lower end (shadow on the bottom of the candle). The weekly candle is a hammer which has bullish implications. The buy if will need confirmation. Hustler it looks like we will all have to stick with the dinky versions for a while.




Good Luck All

Eddie

Hi Edd
Whats your view of the future in terms of timescale
we all support and surmise the outcome of Des
but now Rockhopper have turned down the full comitment
and they have had info we are not privalege to
in my mind it does not look good.
Where is The Master who quoted recently Dolfhin rig secured for April 06, correct or crap, it is all very thin
in my view. What we need is the management to come clean.
Regards
hustler

Hi all,

Am back online after been hit by lightning and certain things getting blown up,hope all are well and hope the hangover was not to bad Hustler today?

Keep up the hard work Eddie and stuck a counter on the top just out of interest.

Welcome back Marky.
Hope you are fully rebuilt and ready to roll again,
your imput and research is very much appreciated,
As you are aware not to much positive news has broken
recently which is driving us to frustration i tend to react
in anger as been burnt badly before by management who
don't deliver, i do however realise somtimes it takes time for
it all to come together i just hope this the case with Des.
I wasn't at the front of the queue when patience was
handed out but i am still in support,however some positive news
would be most welcome and overdue.
All the best
HUSTLER

Cheers Hustler,

Been a bit daunting with so much money involved and not knowing whats going on and relying on the old telly text for the share price or the ringing up of some friends but still as confident when I rigs becomes available the share price will correct its self.

A lot of catching up to do with homework and contacts but that oil isnt going anywhere and time I have and time will tell.

Cabin boy I hope all went as well as could ,will catch up with you soon and clogs off tonight and more time in that crow nest from now on and EK will resume

Marky

Hi all

Welcome back Markymar.

DES didn't get the confirmation on the buy if. Britishbulls.com now has DES back on a wait tag. Volume was low again today, I think the bulls must have stayed in bed. All but a few trades were sells or unknown. Considering the oil & gas sector was fairly bullish & DES went down, it isn't looking like DES is in demand at the moment. DES currently has support at 0.2500p & resistance at 0.2700p.





Good Luck All

Eddie

Hi Eddie,

A little bit on Peak

Peak Expands Management Team
The Peak Group 11/14/2005
URL: http://www.rigzone.com/news/article.asp?a_id=26912
The Peak Group has strengthened its management team with key appointments in two of its business units.

Kevin Murray (42) will take on the new role of Director of Peak Solution Systems (PSS). An engineering graduate with an MBA, Mr Murray joins the company from performance improvement consultancy Murmax. He previously spent four years at LOGIC where he was the principal business improvement advisor. He was also vice president of ASCO and spent 13 years in performance improvement in the steel industry.

Robin Lim (48) has been appointed general manager of Peak Consultancy Services after spending a year at Peak as a contracts engineer. He will be responsible for expanding the client and consultant base and widening Peak's network of service providers. Mr. Lim assumes the responsibilities previously held by Lesley Payne, business unit manager of Peak Consultancy Services, who has stepped down to pursue personal and business interests.

A commercial lawyer, Mr Lim has 25 years industrial and commercial experience, including senior posts with leading companies such as Vauxhall Motors, the Volkswagen Group UK, Burberry and Umbro Holdings.

The appointments coincide with an enhancement of The Peak Group's capabilities in its ongoing commitment to improve service delivery to its clients. These include:


A training division for in house and external personnel
A performance improvement consultancy and
The further development of the company's software delivery, which includes proprietary tools such as the P1 performance management solution for well construction Andrew Paterson, managing director of The Peak Group, said: "We are delighted to have strengthened the management team in this way although we have made these changes with something of a mixed feeling."
"We are sorry to lose Lesley as she has established an enviable reputation with clients and consultants alike. Nevertheless, we understand why she wants a change in her work-life balance and we wish her well."

"At the same time, we are delighted to be able to promote Robin to this new position. He will bring to the role his considerable business acumen and a wealth of international experience in commerce and deal-making at a time when we are strengthening and expanding our consultancy service."

"Kevin's appointment is also significant because not only will he bring a new focus and dynamism to Peak Solution Systems at this important period of development, but he will also add to the strength of The Peak Group's board of directors."

http://www.iqpc.com/cgi-bin/templates/document.html?document=63132&event=8585&topic=229

A bit rich for me at 1300++ for a 2 day conference, anybody going??

17:00 Impact of 3D seismic in a frontier area: North Falklands Basin


Exploration history and play concepts

Challenges of acquiring seismic in remote areas

Improvement in prospect definition

Effect of 3D seismic on exploration risk
Giles Pickering
RPS Energy

Hi all

DES went down a little today. The open was with a gap down, the bears then pushed DES down to the low of the day 0.2475p. The bulls then pushed DES back up to the close 0.2575p. The bulls managed to close on the days high, but we still have the gap down to go back up through. The window is said to be resistance, however the candle that was formed is a dragonfly doji. The dragonfly doji is suggesting the support is at the lower level and emits bullish implications. Britishbulls.com currently have DES on a wait tag.





Good Luck All

Eddie

Hi all

I'll use the chart above.

Just a little move up today, volume was very low again. There seemed to be more sells than buys today, DES still moved up. Todays candle is a hammer which has bullish implications. DES is on a buy if on Britishbulls.com. The buy if will need confirmation. DES was the 10th highest mover by % in the oil & gas sector today.


Good Luck All

Eddie