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

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

Hi all

I'll use the chart above.

DES didn't move either way today, The volume was very low again. Most of the trades were sells. The candle that formed was a four price doji. This candle indicates uncerianty in which direction to go. Britishbulls.com still have DES on a buy if tag. We will need confirmation on the buy if. The support is still at the lower level so far.



Good Luck All

Eddie

Futures fall to five-month low

By Upstream staff


Oil languished near a five-month low today after tumbling yesterday as traders shrugged off predictions of chillier US weather and focused on robust stocks of crude and heating fuels.

Unseasonably warm temperatures have allowed refiners in the US to pile up crude and oil products depleted by a savage hurricane season. And demand for heating oil has been running well below normal levels in recent weeks.

Storage tanks are also brimming in Europe, where gas oil inventories in the trading hub of Rotterdam leapt to a new six-year high.

US crude slipped 12 cents to $56.22 a barrel by 1055 GMT, after losing $1.54 yesterday. London Brent crude was up 16 cents to $55.01.

"We've been looking for a long-term correction in oil prices and we're definitely seeing investors think more solidly about lower prices," Justin Smirk, senior economist at Westpac, told Reuters.

Speculators have been selling oil heavily since late August, when prices spiked to a record above $70 a barrel and industrialised nations agreed to release government-held oil stocks to offset the loss of US refinery and oilfield production due to Hurricane Katrina.

Short-term speculators have pushed their net short positions to the lowest in more than two years on a bet that prices will keep falling, regulatory data showed. Prices have plunged 20% since their 30 August peak of $70.85 a barrel.

Some analysts say this leaves the market vulnerable to a sharp short-covering rally, especially if predictions of a colder-than-usual winter begin to erode inventories.

"I'd be cautious about signalling the start of a downtrend until we're clear of the northern hemisphere winter, which certainly offers the potential of a savage cold snap," said Smirk.

Private forecaster AccuWeather believes the US north-east, where 80% of the nation's heating oil is consumed, will see temperatures 2 degrees Fahrenheit lower than normal this winter, although the National Weather Service says the northeast has an equal chance of being colder or warmer than average.

Unseasonably warm temperatures thus far have allowed the oil industry to replenish US stockpiles of oil and oil products badly depleted by a savage hurricane season, with demand for heating oil well below normal levels in recent weeks.

Heating oil supplies stand around 8% up on 2004, and with refineries running at 86.2% of capacity last week, suppliers have room to add supply.

Three refineries totalling just under 5% of US capacity remain offline due to storm damage.

Commercial crude oil stocks are 12% higher than last year after imports surged to meet hurricane shortfalls.

The price of Opec's basket of crudes fell below $50 a barrel for the first time since early June yesterday, breaking a barrier analysts say may prompt the producers' group to begin considering production cuts at its next meeting on 12 December in Kuwait.

Hi all


Thanks markymar.

DES lost a little today, the volume was a little higher today. Todays candle is a hammer. This has bullish implications, although todays buy if wasn't confirmed. The chart shows the risisng trend line & the falling resistance line. DES has cleared the falling resistance and is still above the support. These with the hammer are bullish indicators. The support line is being tested and it has held so far. This isn't guarented, but I think we will see DES move up next week.





Here is a chart with candles of 1 weeks value.









Good Luck All

Eddie

http://www.mercopress.com/Detalle.asp?NUM=6777

"Michael Summers who said that no progress had been made at all during the past 4 years with the present Argentine Government said, 'I can't see the Argentine Government changing its attitude in the short-term and I can't see us changing our attitude. The big issue will be what happens next year when the drilling for oil starts, and what reaction the Argentines will have to that"


Also there is an update on
http://www.bodecott.com/


Recent Activities: November 2005 update.

UK 23rd Round announcement from Energy Minister Malcolm Wicks at the Aberdeen Offshore Europe conference in September.

Great success for Reach Exploration in getting most of their choice blocks in the Moray Firth and elsewhere. How can a basin have only one oilfield?! The others will be difficult to find, but they will most likely be there. We were part of Reach's small 23rd Round team.

Client Faroe Petroleum likewise were successful in their awards. Although not part of their excellent 23rd Round team, we continue supporting Faroe in their acreage and commercial evaluations.


FALKLAND ISLANDS EXPLORATION ACTIVITY

We have been involved in all areas of North Falkland exploration with several clients since before the first licensing round of 1996. Initial drilling results during 1998 were technically, but not commercially successful, i.e. oil was found but not produced. Five of the six wells drilled had shows of hydrocarbons, and the British Geological survey has estimated that between 10 and 100 Billion barrels of oil have been generated from the very rich lacustrine source rock prevalent in the deepest part of the basin.

At a meeting of the Petroleum Exploration Society in Aberdeen not too long ago, one member of the audience proclaimed that "oil will not be produced commercially off the Falklands". This was reminiscent of those who in the late 1960's said they would "drink every drop of oil produced north of 56 degrees in the North Sea". Both basins have already been proved petroliferous. The North Falkland Basin, although smaller than the North Sea in total, is in a similar state of exploration as the North sea was in the 1960's.

The second phase of Falkland Exploration is gathering momentum. We are closely involved with evaluations of all Falkland licence areas through the activities of two clients.

ROCKHOPPER EXPLORATION

During the past few months, Rockhopper Exploration has moved rapidly to snap up a large spread of acreage in the North Falkland Basin. The licence areas approximate 5800 square kilometres at 100% interest, making the company the largest acreage holder in the North Falkland Basin, equivalent to more than 28 North Sea blocks. The evaluation of these areas has progressed rapidly using SMT Kingdom seismic interpretation software.

These are shallow water areas, with much of the area in less than 200 metres water depth, very shallow by world standards. Any exploration success here would be very quick to exploit. The potential commercial value of this acreage as a result is very high, let alone the rising oil price that seems to be heading in one direction. Crude Oil is still cheap at the price relative to any other global commodity.

In order to get a piece of the upcoming drilling action, Rockhopper have farmed in to Desire Petroleum's best prospects in licences 3 and 4, where three wells will be drilled. These wells will be targeted at potential reservoirs between 2000 and 3000 metres within the oil window. There is no guarantee of success, but any shows will stimulate more activity and increase the value of the licences. Many wells were drilled in the North Sea Central Graben before oil shows were found.

Rockhopper's remaining 100%-owned prospects will also be drilled after new seismic, and they are located within very modest water depths between 150 and 450 metres.

The North Falkland Basin is the only Falkland area with 3D seismic. There are two existing 3D surveys on Rockhopper licences, with two further surveys planned.

Rockhopper acreage is summarised as attractive for the following reasons:

Shallow waters are economically attractive for early success.
The last 1998 well drilled to 2960m. in only 11 days.
The basin is a 250 km. long Jurassic-Cretaceous Atlantic rift basin, half of which has never been drilled.
There is a proven MEGA-rich, thick, mature, lacustrine source rock.
Live oil and gas shows were proved in the 1998 wells.
The NFB is a proven petroliferous basin with a working hydrocarbon generation system.
Rockhopper is a partner in 3 upcoming wells.
Many varied plays, prospects and leads over a very wide area.
Shallow water, low cost drilling, benign environment.
The only Falkland area to have 3D seismic - 2 existing surveys and 2 planned.
Exploration stage is North Sea, 1965.
Same water depths as Central Graben, North Sea, similar weather.
Same geology as West Africa and Argentina.

Now that the Rockhopper float has been successfully negotiated, we continue to support their technical push for success.

DESIRE PETROLEUM

Desire is the Operator of the upcoming wells. The best of their eight or nine prospects in licences 3 and 4 will be drilled.

3d interpretation results from continuing work confirm attractive seismic amplitudes, DHI's (Direct Hydrocarbon Indicators) and structural-stratigraphic pre-source rock prospects. These prospects are adjacent to a mature source-rock kitchen which contains one of the richest sapropelic (oil-prone) source rocks known in the world. Drilling beneath the Early Cretaceous source rock is analogous to drilling beneath the Kimmeridge Clay source rock of the North Sea insofar as some of the oil reservoirs are located beneath the source rock. The next three wells will test this untested pre-source play.

We have also assisted Desire recently in researching workstation hardware and software requirements. They are another operator who have opted for Kingdom software.