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

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?

Hi Master,

When you say you hear from many different sources that a rig is a yes do you mean from your own contacts which I would think are creditable or do you mean from the boards ect.

There is something I am sitting on at the moment and trying to see if it is possibility but has not been mentioned on the boards at this present time which is good news as the boards are ripe with gossip and nothing to back it up.

Am sure Peak group have there finger on the button and there are good reasons why or when a rig becomes available until that time.

Hi all

DES still looking good, although some of yesterdays gains were given back. The chart is a little different it shows the support and resistance areas, support at 0.3333p, resistance at 0.4133p. Notice the support is above the 200 day moving average, the 10 day moving average is bellow. This is suggesting that the support is likley to continue. The 10 day and 50 day moving average are both moving at quite a sharp pace towards the 200 day moving average. As you can see it has been some time since DES has traded above the 200 day moving average. Another good sign is there was a couple of heafty buys at the end of the day.






Good Luck All

Eddie

Cheers Eddie,

I see that in berlin Desire shares were up 18% today

http://www.berlinerboerse.de/

Type in Desire Petroleum to get quote.

Rockhopper's turn today, up 14%
highest riser in oil sector by far.
8th overall in market highest risers.
Des & Fo&g yesterday's winners
something big is brewing
and with Des leading the way news will break soon.
We are all in rig news mode but what about a partner,
Major perhaps with a big stick and a rig ready to go ?????.
just a thought.
all the best
HUSTLER

Looks like anyone who holds GRWA shares will keep there exposure to Desire as they have no intention on selling there remaining shares they have in Desire, so a little good news there.

Good to see the price ticking up today so far 3.4% up wont be long knocking on door at 40p.

Aur,where are you gone,i told you not to go out and about lookingfor the drilling rig,wait for the fine weather,i found your glasses,come back in,rig is coming ,no need to worry,may come before we are pensioned off.

Hi all

Thanks to all for your updates.

DES looking great again today. The support has now moved up to 0.3600p. The moving averages still moving up. Next week is looking to be exciting, I'm looking forward to it!





Good Luck All

Eddie

anyone care to enlighten me regards the" Falklands Alternative"

Beautiful chart exhibiting a perfect cup with handle formation. William O'Neill believes this formation to be the most potent of all chart patterns and is a precursor to sustainable price gains. Companies showing such patterns before going on to rack up exponential price gains ARE:

Cisco
M;Soft
Intel

all of which are tech stocks compared to this company which is supposed to be an oil explorer but which has so far not dug for oil and isn't likely to find anything for years, if ever, at this rate.

Coeliac they drilled for oil back in 1998 and Peak are actively looking for a suitable oil rig for drilling to commence back in the Falklands to drill a 3 wells all with dual targets. You would not be interested in this share if you did not believe that oil was there in large quantities!!!!

Peak doing the buisness!!!

Peak pulls together wells campaign

By Upstream staff


UK-based Peak Group said today it has brought together Eni, ConocoPhillips, Santos and AED Oil for its first multi-well, multi-operator well management project in Australia.

The eight-well campaign is expected to take just over one year to complete and will cost more than A$100 million ($72 million).

This is the first time in Australian operations that a well construction project management company has established a shared programme of activity for operators.

Peak will hold the contracts for the semi-submersible Stena Clyde, the supply vessels, the third-party service contracts and the logistics and supply base services.

The company will provide a complete well construction project management and

procurement service for most elements of AED's Puffin 7 and 8 development wells and its Puffin 9 exploration well in the Bonaparte basin.

Peak will provide a range of contract services for the other client operators.

Marky I am interested in the share because of the hype and momentum and anyway I have a few locked away- with the emphasis on "few"! There is no real evidence of commercial oil though I realise some people like to believe it and have put all their eggs in this basket.

coeliac1
Read the " Falklands Alternative" and then tell us what conclusion you arrive at.
10 X the oil of saudi ?

Coeliac,

I dont know what you have read but I know what I have read and it does suggest that substantial amounts of oil has a cumulated in the NFB, the BGS have spent many years studying the basin and after Desire drilled back in 1998 one hole which was drilled oil was found on the logging tool which suggest itself that oil is there.

Its a bit like the North Sea were did 35 billion barrels come from? Companies which were prepared to drill there.

Tell me Coalaic before the drill bit goes down where would you think the share price will be?