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

At the slow pace [up to two years]trying to find a drill rig,and slower projd. pace of drilling in 2008,ifear most share holders will be pensioned off at this rate.what a lifeless outfit,growing old waiting.

could you post that again.my eyesight isn't quite what it used to be!

http://www.britishbulls.com/StockPage.asp?CompanyTicker=DES&MarketTicker=RESOURCES&Typ=S

BYE IF

Aur,get your glasses and i willtake my walking stick,we'lltake a look out ,something moved abit today,weshall see whats going on,may even walk to thedrillrig on a fine day.

Hi Marky
Been asleep for a while but
seems like you need a bit of support.
Eir, Warships, Dot Gov and all that, take time
Argies baiting again dosen't help, next time we will do the
proper job if they persist.
Still hanging in, choppy waters still to encounter
but we will win long term when the rig arrives, Big Style.
Keep up the good work
All the best
HUSTLER

Hi Hustler,

Hope all is well,still hanging in for news,RKH will have results in next 2 to 3 months from seismic.

Eddie any chance of a graph and thoughts as 2 nd time we have tried to break through 35p and failed so far!


http://www.britishbulls.com/StockPage.asp?CompanyTicker=DES&MarketTicker=RESOURCES&Typ=S

BUY
CONFIRMED

Anybody got any idea for rise today ? It may just be the result of a Buy Confirmed on British Bulls. Hopefully there is more to it than that. Maybe Sighting Confirmed ??

Aur,have you been looking for the drill rig with your glasses on again,some have spotted you,we have a bigger jump today.

Rumours looking good ??

Kind regards to all regulars

Eddie I guess you dont have to answer that question about the 35p barrier as have stormed past it to day, will be interesting tomorrow to see what happens as last trade they were asking 40p.

We still need news of a rig been secured until that happens I think we are still in for a bumpy ride, but good to see the prise rise!

Ncfltwo---hope your still holding! Not a bad profit for one day.

Desire 18.3% up today or 6p

Cup and Handle
A pattern on bar charts resembling a cup with a handle. The cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern has low trading volume. It can be as short as seven weeks and as long as 65 weeks.

As the stock comes up to test the old highs, the stock will incur selling pressure by the people who bought at or near the old high. This selling pressure will make the stock price trade sideways with a tendency towards a downtrend for four days to four weeks... then it takes off. Below is an example of a cup and handle chart pattern:



A couple points on trying to detect cup and handles: Length - Generally, cups with longer and more "U" shaped bottoms, the stronger the signal. Avoid cups with a sharp "V" bottoms. Depth - Ideally, the cup should not be too deep. Also, avoid handles which are too deep since the handles should form in the top half of the cup pattern. Volume - Volume should dry up on the decline and remain lower than average in the base of the bowl. It should then increase when the stock finally starts to make its move back up to test the old high. Retest (of old high) - doesn't have touch or come within a few ticks of old high. However, the further the top of the handle is away from the highs, the more significant the breakout needs to be.

Hi Marky and all fellow supporters
We are all aware of the 18% rise today
and very welcome it is after months of sidewinding and sliding.
The puzzle is why ? no breaking news but those in the
background must have a sniff of something.
Des was by far the highest riser in the oil sector today
2nd place only managed a 6% rise and interestingly
Falkland oil & gas was 5th up 4%
Des was also in 6th place in the overall market of over 2000 stocks
this does not happen by chance.
tomorrow will be interesting and a drop back could be expected
as we are now trading through the resistance level of around 34p
however it appears we may have turned the corner and news
soon, hopefully a rig date will comfirm.
The Dow & Nas are also both positive up .5% at time of post
bodes well for the overall market again tomorrow.
All the best
HUSTLER

Hi all

Well markymar DES has made some great gains, I'm sure the regulars are all feeling better. What I see is DES has moved up through the 200 Day moving average whilst the 200 day moving average had also started to move up. This is seen as a good indicator for a continuation up. As we can see there are some resistance areas which are about 0.4000p, 0.4300p and 0.4500p. I don't think the first two will be a problem, but the market may see 0.4500p as being a sticking point. However the fact that DES has re-joined the top part of the chart (moved up through the falling window) is a another bullish indicator. Todays candle closed on the days high DES was the highest mover by % in the sector. All good indicators, put these with some good news and I'm sure DES will rocket.

Great chart markymar cups looking good.




Good Luck All

Eddie

Oily Jim

I take it your seal has sniffed out something in the North Falklands & it aint fish.

Nice.

Marky , how did Des perform on the German exchange today ?
Regards
Berlingo

Hi berlingo

http://www.berlinerboerse.de/ 7.32 %up

markymar

I will send you the bill for the rights of the chart (cup and handle + explanation), I will tell the secretary not to bother with VAT.( ja, ja, ja, divina would say) some times is nice to say "were those nice things come from".

enjoy the rise, though not today so far, profit taking early this morning as some were expecting news, though a couple weeks or more most likely will be.

Morning Master,

Thank you for not adding the vat as have no money just a ticket waiting to be cashed in at some point in the near future I hope.

I did not realise you spread your wings this far over here and what happened to the Cup and Handle theory today?

Keep up the good work

Marky

markymar

re-Cup and Handle

the theory is still there, but any easy up , is easy down, spikes can not hold, you should know, but yet we are above the breaking 36p yesterday, and from here only better things to come.

I can hear now from many different sources that the rig is a "YES" thing but still a couple weeks to be reported (reason) do not know but I could speculate froma couple things

What reasons do you suspect would prevent Desire confirming the rig has been secured?