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

Having done a bit of research about the Campos basin compared with the Falklands plateau it seems that back in 2000 the USGS estimated P5% oil reserves for the Falklands plateau to be 17,000 mmbo whereas the Campos Basin had P5% 36,000 mmbo. So Desire is drilling in a region which may be half as prolific as the Campos basin - that would be nice.

I like the way you're thinking LS. Better still if we realise it next year.

marrow

Ho Ho Ho, Markymar,

I see the driver of the "Black Pig" has put his foot down.

I wonder if he will nick the booty in time??

I see that Capt you sly dog!

10% in it i wish you luck but watch out them clogs are running like the wind and will sit in the crows nest and shout at the cabin boy!

Twist and turns and time is clicking away,Ho Ho and a bottle of rum!

Time to turn the heat up on that black pig as am hungry.....watch your back

Hi all

DES put in another great performance again today. The bulls are looking pretty strong still, DES closed on the days high. The volume was a little higher, but should increase as any more news filters through. There is some resistance at about 0.3200p, but this I think will be short lived. Things seem to be getting back on course.





Good Luck All

Eddie

Looking good Eddie----dont know how the MMs held the price down yesterday!

Yep markymar

Gone through the fibonacci line & still looking strong. It'll be great if DES closes on the days high again.

Kind Regards

Eddie

Good to claw back some of this money...glad i topped up at 24p

Let's hope old Pugwash has not docked too early!!
You can have a few rum sherbert's on 1000

Monthly League - Top 20
Pos User Value Gain %
1 (11) Pugwash 118,969.86 47.21%
2 (1) stanton 141,763.70 44.20%
3 (3) drunker50 98,094.54 43.39%

Fingers crossed Capt.......i guess the club is on hold till after 12.30

You sly dog am sitting at 23 this month

Well Markymar,

Subject to a stewards enquiry, clearing customs and immigration I'd say I'm 1000 better off.

So its an new FT to cover me on the park bench, and a few bottles of Meths.

Good job all those shorters closed out, doubt I would have won otherwise.

Captguns the sly old seadog, known as Pugwash in the champion investors game.

Yo Ho Ho and a bottle of .....

Well done Capt

Hi all

What a great performance for Friday. DES made great gains last week, all great signs for the new year. DES has a bit to do yet, resistance is at 0.3400p through to about 0.3700p, the 200 day moving average is about the midle. I f we see DES clear these early in the new year It'll be great.




Been having problems with my computer. So I may not get the same time to look in until I sort it.

Have A Great New Year

Regards

Eddie

Online wouldn't let me deal early Friday due to market sizes so I watched it and couldn't take advantage. I console myself that I sold at 43p!

HAPPY NEW YEAR

All the best Eddie and thank you for you input through out the year.

is are year!

Capt 18 v 7 today may have to do some changing NOP well up!

http://champinvest.com/league/

Congratulations
Our December 2005 Monthly 1000 winner is ...
"Pugwash"

Ho Ho Ho.

Hi all

Another great day for DES, there is signs of resistance on todays candle. This is the shadow on top of the real body. DES is performing well but may take a breather here before going back up through the falling window that was formed with the gap down a couple of months ago. DES has been up through the 200 day moving average today, this is a great sign of things to come. Just hope we continue the momentum.





Good Luck All

Eddie

So FOGL are being eaten in million share blocks today, BOR has recently soared for no apparent reason, both reaching or surpassing previous highs. It could be New Year enthusiasm or it could be that a farm-in deal is being thrashed out in the Southern waters ( RKH has not moved off it's lows much and Desire has only just returned to fair value so the Northern holdings do not seem to be chased as strongly). It looks like investors think there is more short term potential in the South than in the North which isn't consistent with the detailed 3D seismic already carried out in the North or the enticing geology of an ancient rift valley with it's associated sandy deltas found in Desire's plot. I hope if deals are being struck that Phipps ensures Desire is included even if it means losing a few percent of the oil.

Thank you Eddie for the great graphics