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

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

Hydrocarbons Daily Record (15/05/06)
May 15, 2006
by J. Brock (FINN)

HYDROCARBONS DAILY RECORD: MONDAY. 15 MAY 2006



By J. Brock (FINN)



At 1800 LMT on Monday, 15 May 2006 Light Sweet Crude was $$69.86 per barrel and Brent Crude at $69.67 per barrel.



The FSTE 100 was down more than 70.8 leaving it at 5841.3 for the end of day trading.



The Dow Jones added .42% and rose to 11,425.89 or 47.78 points. All of the other stock markets including the NASDAQ are down



TRENDS:



With The fall in market prices comes a fall in oil price per barrel. Rhetoric from Iran and Venezuela has heated up but this has not been a huge factor in decreasing stock prices. What has happened is profit taking by people selling their highly priced stocks?



(Nigeria)



Nervousness abounds with reminders that rebels in the delta have in the past killed a US oil executive. There is no news yet about whether Nigeria has restored the 20% it cut in production due to rebel activity. The recent tragic deaths of 200 people who may or may not have been involved in the theft of gasoline from a pipeline has sparked renewed security but it is felt that a balancing act needs to be done in that facilities in the Niger Delta also need protection.



(Libya)



Today after 27 years the United States has resumed diplomatic relations with Libya by opening an Embassy in Tripoli. Libya has opened an Embassy in Washington DC. This comes after Libya handed over all its weapons of mass destruction to US Scientists and Intelligence Officers. The US is hoping Iran will do the same. Libya has huge reserves of hydrocarbons.



(Iran)



The Rhetoric continues with Iran on the defensive even though Libya has handed over weapons of mass destruction to US Officials. Venezuela, defending Iran, has warned the United States not to make war with Iran.



(Russia)



Oil companies continue to explore for reserves around the Caspian Sea.



(Latin America)



The United States today has put sanctions on Venezuela. For harbouring two terrorist organisations linked to Colombia, the US has put a freeze on arms sales. For his part, President Chavez has accused US President Bush of genocide in Iraq. Venezuela is the largest provider of hydrocarbons outside of the Middle East.



President Evo Morales of Bolivia has told the European Parliament in Strasbourg that European energy companies can still make a profit from their investments in his countrys natural gas reserves. This is despite the fact their assets have been nationalised.



(Falkland Islands)



Desire Petroleum closed the day 0.75p or 1.8% down on the day to 41.25p



Falklands Oil and Gas was the biggest Falkland oil stock to fall loosing 12.5p or 8.6% down on the day to 1.33p



Rockhopper Exploration closed down 2.5p or 7.8% down on the day to 29.5p



Border and Southern closed down 1.75p or 3.6% down on the day to 47.5p

Hi all

Thanks for the update markymar.

DES moved down a little again today, the long thin line on the bottom todays candle is where the bulls are giving support. The sector was down again also, the trend that the sector has been following has been very strong, therfore I feel will be back in favor soon. The 10, 20 & 200 day moving averages are still moving up, todays close is just above the Fibonnaci support line. All things being well DES will be on the move up soon.





Good Luck All

Eddie

Cheers Eddie for update

Falklands : Hydrocarbons Daily Record (16/05/06)
Submitted by Falkland Islands News Network (Juanita Brock) 16.05.2006 (Current Article)
Cyprus now says it could have reserves of hydrocarbons south of the island.


HYDROCARBONS DAILY RECORD: TUESDAY, 16 MAY 2006


By J. Brock (FINN)


At 1800 LMT on Tuesday, 16 May 2006 Light Sweet Crude was $69.53 per barrel and Brent Crude at $69.78 per barrel. The FSTE 100 was up 12.1 ending the day at 5846. The Dow ended the day at 11,419.57



TRENDS:

Supply seems to be meeting demand with reserves growing. Rhetoric and corresponding nervousness has died sown since Libya and the United States have resumed diplomatic relations.

DEVELOPING FACTORS:

(Cyprus)

Data from initial seismic surveys shows that there are reserves of hydrocarbons south of Cyprus. Norways Petroleum Geo Services (PGS) were commissioned to do the initial seismic. Cyprus and Egypt have signed a deal governing future exploration along the median line of the sea area separating the two countries should reserves be found in the area.


(Africa)


Egypt could benefit if hydrocarbons are found in the seabed between it and Cyprus.

The major story, however, is Libya and the resumption of diplomatic relations with the United States. It is thought that the deal will be beneficial to both Libya and the United States regarding hydrocarbons.

(Latin America)

Bolivia has demanded three Spanish Banks to meet Government demands to surrender shares it administers for a public pension fund within three days. President Evo Morales says his government wont pay for the shares because they belong to the Bolivian people. The banks say they will not give up the shares for free.

Ecuador is revoking the Occidental contract. The reserves produce 100,000 barrels a day. It is thought that the contract is being revoked as a result of a dispute between the Government of Ecuador and Occidental and not a general trend for that country to nationalise reserves.


In general, the nationalisation of assets in Bolivia and Venezuela has not affected output.



(Falklands)



The Mineral Resources Committee met today and discussed the Health and Safety regulations and inspection of any oil rig that might come to the Falklands. According to Agriculture and Minerals Director, Mrs. Phyl Rendell a rig has not yet been identified but it is hoped the regulations and legislation will be updated by the time the inspection takes place. In accordance with user pays, Desire will have to pay the Health and Safety Executive for the inspection.



Tim Bushell, FOGLs Chief Executive gave a presentation to oilbarrel.com last week. Oilbarrel.com links oil companies with investors and they had a lot to consider following Mr. Bushells presentation. He said that the Loligo prospect a large Tertiary fan system could hold as much as 3.3 billion barrels and that the lower Cretaceous Endeavour and Endurance prospects could hold 710 million barrels and 730 million barrels respectively. According to Mr. Bushell, FOGL is planning more 2D and 3D seismic and is also keen to do electromagnetic seabed logging.



FOGLs report and presentation can be seen at: http://www.oilbarrel.com/home.html.



THE MARKET



Investors generally were happy to see to the market steady itself following the losses of the past couple of days. After a nervous start, share prices moved ahead with the FTSE 100 index rising 12.1 to 5853.4. But investors were braced for opening losses on Wall Street this afternoon.


Desire Petroleum closed the day 1p or 2.4% down on the day to 40.25p
Falklands Oil and Gas closed the day 1p or 0.8% down on the day to 1.32p


Rockhopper Exploration closed up 0.5p or 1.7% on the day to 30p


Border and Southern closed down 1.5p or 3.2% down on the day to 46p