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

I sent her an email, she sent one back. If you send me your email I'll forward it on to you.
I'm also sending you the link to mercopress as it makes interesting reading
on one Argentinian Senator's view towards the "Falklands".. The section about the
Argentinian Senator trying to pass a bill that will outlaw any company dealing
with the Falkland oil companies...I am still researching to see how much or how little weight he has. As you are probably aware Argentina is broke and needs
this economy. Petrobras however is a different proposition. Having just fallen out
with the Bolivian President, because he nationalised Bolivia & some of PetroBras's assets and turned the gas taps off to Brasil I can now see them thinking about
some sort of deal if Agentina does not want to play. What difference between
a tanker to Brasil or Argentina. Brasil has the refinerys.

mercopresshttp://www.mercopress.com

Cheers Peter have sent you a email.

Had to Cut and paste the mail Mark.

Does any one know of the rumour that Shell has a
capped well some where in the Falklands???
Can anyone expand on it.

936mph, please send the mail to xxxx

936

From the last drilling campaign back in 1998 5 of the 6 wells drilled had oil shows and some had gas one hit live oil on its logging tool and in the mud pits.

Yes it was capped!

....and had that well been onshore,with oil prices a bit higher than in 98 then it would have been put into production.....

Thanks aur,
The price in 98 was pretty much rock bottom then.
It's just that I think Shell has the H&P 406 (driller) waiting
on a location in the G.O.M. I need to find a way to see where
it is going next if there is no good news this week.

936, thanks. Nothing more than is published, but Iif I find anything I will share it.

Hydrocarbons Weekend Record (13/14 May 2006)
May 14, 2006
by J. Brock (FINN)

HYDROCARBONS WEEKEND RECORD (13 / 14 May 2006)



By J. Brock (FINN)





There will be reporting about oil prices and the stock prices for Desire, Borders and Southern, Rockhopper Exploration and Falkland Oil and Gas in Mondays Hydrocarbons Daily Record.



TRENDS:



Nervousness mainly is caused because of fears supply will not meet demand. People are quite rightly worried about running out of crude oil. These fears have been allayed this week but in the back of investors minds are thoughts of this trend not being sustained. Anything that interrupts supply, like sabotage to pipelines in Iraq or the theft of fuel in Nigeria can cause nervousness as well. A third factor is the investors themselves. The oil companies are making profits and investors want to be part of the process.



(Nigeria)



The clean up after the gasoline pipeline explosion continues with approximately 200 bodies collected from beaches near Lagos and being buried in a mass grave. This was necessary because the bodies were burned beyond recognition. Nigerias President has promised more security for pipelines as thievery and vandalism are rife in his country.



(Iran)



The President of Iran has said that he is willing to talk to the IAEA and others about its enrichment of nuclear fuel for energy generation. There are two provisos one is that no one will be telling Iran what to do or not to do and the other is Iran will negotiate and have dialogue with everyone except Israel.



(Russia)



Commercial production of oil in the Turkmen sector of the Caspian Sea could help to increase the supply world-wide. The oil will be refined in the Turkemnbashi Complex an oil refinery. The Malaysian Company, Petronas will do the drilling.



(Latin America)



President Morales is still in Europe now in France where he had a meeting with Paris Mayor, Bertrand Delanoe. President Evo Morales told him that Bolivia is looking for partners not owners. He made the point that during the nationalisation of his countrys natural gas assets, foreign companies were neither expropriated nor kicked out of the country. He continued that he wanted 180 days to re-negotiate their contracts.


Meanwhile President Chavez of Venezuela visited Britain on Sunday but did not call on the Rt. Hon. Tony Blair MP.


http://www.eandpnet.com/acthighlights/ah.samerica.html


16. Contracts for 3-D seismic data collection over five blocks in the oil-prone Golfo San Jorge Basin are coming up for bids from Argentina's Chubut Province, according to Business News Americas. The government unit expects to award the blocks in August and September. On the table are Pampa Salamanca Norte, San Bernardo, Confuencia, Rio Senguer and Paso Moreno . Companies previously have shot 2-D seismic and Repsol YPF drilled exploratory wells in the area in the 1970s. At oil prices at that time, the Spanish-Argentine company considered the tracts marginal.


(Falkland Islands)


Investors are hoping that stocks will rise again after Fridays declines. Those wanting to fill up with winter fuel are feeling the pinch with high prices.


We await news of a rig.

Isn't the H&P 406 a platform ?, not much use if it is !

Oily it could well be,
It was something mentioned to me that I am having a look at.
Each time I find something out I need this sort of help. Thanks

H&P 406 is a platform.. It aint going anywhere ;-?

Well, one thing's for sure, 936, Phipps is trying to thrash a deal out with one Company or another but the 64,000 dollar question is, who ?

Eddieshare are you still there. I have been reincarnated as bibber. I was a pop star previously known as fatoldgit but drank so much that I exploded and it has taken 4 months or so to sew me back together.

Whilst I was away I continued to post on other boards occasionally as AWOK and Brianplais, but only when vital organs were stitched back. Unfortunately, in the midst of my explosion, my password for Money AM disappeared into the ether and I have had to re-register and gain a new one. Bibber, I think is most appropriate.
No doubt you know what a bibber is. I believe the good Capt. Guns is also a bibber. KO gave him a telling off the other day when DES got to 47, cos the Capt. quite rightly said he was going to sink eight bottles of rum. I think KO may have been short and lost his equipment.

Anyway, here I am, I noticed that you've been missing me. Also, a lovely Scandinavian doris e-mailed me pleading with me to write on this board again.

Scandinavia seems to be all the rage at the moment. That same Doris is posting on another board in Norwegian! Can't think why!

Whilst I've been away, I notice the shares have perked up a copper or two. Good news for all of us old lags. Are you going to the AGM...I might just persuade myself to go if there are some good fellows going. (presuming they will have a glass or two afterwards)

By the way, you will be pleased to know that while I was missing, I persuaded the surgeon who stitched me back together to give me a double capacity new liver and add 3 more inches to the old todge, so now I can not only drink much more but please the wife and girlfriends as well.

Not bad for a fatoldgit called Bibber. Doncha fink?

Hi all

Thanks for the updates.

All is looking good still, the moving averages are all still moving up. DES didn't manage to move up today, but neither did most of the other stock. Only 2 stocks in the sector moved up today. The oil & gas sector has been moving to test the 200 day moving average since 24/04/06 doji top. As we can see todays candle has a very long shadow on the bottom, which represents support. DES also closed on the days high, which is a good sign of the markets intention.





Good Luck All

Eddie

Ignore me then, Eddie....you're off my "Desire strikes oil--- free champagne for all mates" list.

bibber it is then.

I don't think I'll make the AGM. I'm having the same operation you've had.

Regards

Eddie

Bibber was the name blubber already taken or the name Tesco finest good to see you post again.

A very good day for Desire I thought because especially when you look at the hole market and some good strong stocks took a pounding today Desire did to start with but after heavy buying nudged all the way back up to be down ever so slightly.

The gossip going round of talk of them doing a deal with an oil company or Rig owner is not going away and hope we get some news soon or even at the AGM who knows!

Yes I am fluent in many languages but Geordie is my favourite with a bottle of nukey brown and after a few nukeys I can slur my words.

Eddie you dont look like Chubby Brown as well do you!

Hi markymar

I don't look like Chubby Brown, but I will after the operation.

Regards

Eddie