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

Cheers Eddie,

Like the old days with no trades so far today!

Crude nosedives to hit 6-month low

By Upstream staff


Crude oil prices continued their downhill spiral, with the front-month contract settling at the lowest price per barrel in almost six months.

January crude lost 86 cents to close at $56.50 a barrel on the Nymex, after trading as high as $57.75 earlier in the session.

The contract's price has shed 6.3% since the end of October and 19% since the end of September.

Meanwhile, Nymex natural gas for January delivery inched to a high of $12.15 per million British thermal units, before trimming gains to close at $11.736, up 10.2 cents.

The Energy Department is slated to issue its latest update on petroleum supplies Wednesday, with most analysts expecting a decline in the nation's crude inventories for the week ended 25 November.

IFR Markets predicted crude supplies likely fell between 1 and 3 million barrels, while Wachovia estimated a 2.5 million drop.

In contrast, Fimat USA expected a 1.9 million barrel increase.

On Thursday, the Energy Department will release its data on natural gas supplies in storage.

Platts analysts are predicting a 48 billion cubic foot fall in inventories last week, while IFR's forecast pegs the estimated decline at between 35 and 45 billion cubic feet.

.

Hi all

Thanks for the update markymar

Well it looks like the market decided to move DES down today. Very few buys, the volume was a bit higher today, but unfortunatly mainly sells. There were a coulpe of late trades which lifted DES from a low close. The oil & gas sector moved down also today. The Britishbulls.com still have DES on a hold tag. DES has currently moved bellow the 10 day moving average.





Good Luck All

Eddie

Cheers Edddie

http://media.corporate-ir.net/media_files/irol/72/72166/pdf/Contract_Status_Report_120105_FINAL.pdf

http://www.latinpetroleum.com/article_4943.shtml

Capt a little story for you,makes the mind tick!

Hi all

Thanks for the update markymar

The volume was slightly higher today and also prety even. The bears were most active in the early part of the morning, the bulls came in to take DES up from the low of the day. The candle which has formed is a bullish hammer. The hammer is a potential turning point, it is said the market is hammering out the bottom. Britishbulls.com have DES on a buy if tag. Lets hope the bulls continue tomorrow.





Good Luck All

Eddie

eddie , thought you were in trouble there this morning , good luck

Hi maddoctor

I think I've already past that point.

Regards

Eddie

Upsy Daisy news on the way.

Hi all

The volume was low again today, more buys than sells. The buy if signal was confirmed. DES closed on the days high, which is said to be a good indicator. The fact that the bulls are prepared to stay in over the weekend, is a good sign of commitment.





Good Luck All

Eddie

Hello Driftwood
So you are the man it would seem so what do you know
substance or bollocks, you like playing mind games,
Granted at present supporters have been tucked up but
we all have a common interest in stock generally, mainly to make
some doe, your inside information on this one would be most welcome.
regards
hustler

Driftwood

Surely even DES are running out of additional bad news!!

Are n't they????????

Kind regards

marrow

Hi all

DES closed on the days low, the volume was low again with very few buys. The buy if was confirmed on Friday but has now changed to a sell if tag on Britishbulls.com. Still blowing hot & cold.





Good Luck All

Eddie

Hi all

DES closed on the days low, the volume was low again with very few buys. The buy if was confirmed on Friday but has now changed to a sell if tag on Britishbulls.com. Still blowing hot & cold.





Good Luck All

Eddie

Computer went mad

You can say that again Eddie,

I see my Emerald Energy had a good day today Eddie.

http://www.rte.ie/business/2005/1205/ormonde.html

http://www.newratings.com/analyst_news/article_1149090.html

Aquila Financial Limited - rockhopper@aquila-financial.com
Peter Reilly 020 7849 3319
Yvonne Fraser 020 7849 3320

www.rockhopperexploration.co.uk

Notes to editors
The Rockhopper Group started trading in February 2004 to invest in and carry out
an offshore oil exploration programme to the north of the Falkland Islands. The
Group, which floated on AIM in August 2005, is currently the largest licence
holder in the North Falkland Basin and owns a 100 per cent. interest in four
offshore production licences which cover approximately 5,800 sq. km. These
licences have been granted by the Falkland Islands government.

In total, the Board and its Consultant, the Falklands expert David Bodecott,
have over 120 years experience in the oil industry, with specific expertise in
the field of exploration and in the region itself.



Chairman's report

This interim report for the six months ended 30 September 2005, is the first
report following our successful placing and listing on AIM on 15th August 2005.
As expected the Group incurred a loss for the period.

The net proceeds of the placing of #13.9 million are on interest bearing
deposits along with funding already in the Group and will be drawn down as
required in line with our plans for the business.

Rockhopper Exploration is currently the largest acreage holder in the North
Falkland Basin with 100% interests in four offshore production licences (PL023,
PL024, PL032 and PL033) which cover approximately 5,800 sq. km. In addition the
Group has agreed to farm-in for 7.5% in Desire Petroleum plc's licences PL03 and
PL04 where Desire expect to drill three exploration wells.

PL023 and PL024 were awarded in November 2004 and cover an area of 4,200 sq. km
in water depths of less than 200 metres. The licences are close to the Falkland
Islands themselves and their southern-most edge is located only 25 km from the
Islands. PL023 and PL024 are already covered by 1832 km of 2D seismic data. The
Group has signed a contract with Geophysical Service Incorporated (GSI) to
undertake a new 2D seismic survey over approximately 900 line kilometers. The
survey should be completed early in 2006, with processing and interpretation of
the data thereafter.

PL032 and PL033 were awarded in June 2005 and cover an area of 1,620 sq. km in
water depths of between 350 and 500 metres, they are already covered by 1546km
of 2D and 368 km2 of 3D seismic data. Two wells have been drilled previously on
these licences in 1998 by Shell when the oil price was approximately $10 per
barrel and both demonstrated the presence of hydrocarbons, one flowing live oil
to the surface. A new and significant 3D seismic programme has been designed to
cover this acreage.

Prospects and leads: Rockhopper's exploration team has reinterpreted the
existing 2D and 3D seismic data covering its licences and has identified a
number of prospects and leads which have the potential to contain significant
deposits of hydrocarbons. These will be better defined following the planned
acquisition of new 2D and 3D seismic data.

PL03 and PL04 are operated by Desire Petroleum plc. Rockhopper will earn an
interest of 7.5% of these licences by contributing 15% of the dry hole cost of
the expected 3 well exploration programme. The recently acquired 3D seismic data
on these licences is very encouraging and we look forward to the commencement of
drilling operations once Desire secures a suitable rig.

In summary, Rockhopper has a very exciting and prospective exploration portfolio
in relatively shallow water, at a time that the oil industry is fiercely
competing for access to that very type of opportunity.

Our strategy in the Falklands is to mature a number of high quality drillable
prospects on our 100% held acreage and to be ready for a substantial drilling
campaign once the availability and cost of drilling units are more favourable.


Pierre Jungels
Chairman
5 December, 2005

lets hope one of them rigs from the North sea moves to the Falklands!

http://www.thisisnorthscotland.co.uk/displayNode.jsp?nodeId=149212&command=displayContent&sourceNode=150624&contentPK=13625884&folderPk=85744

Markymar

The above link is indeed encouraging in the medium term. Lets hope things start to get better soon we're certainly overdue a bit of good fortune.

marrow